2026

Mondadori Group: Publication of documents relating to the Ordinary Shareholders’ meeting of 21 april 2026

Arnoldo Mondadori Editore S.p.A. hereby announces that the following documents have been made available to the public at the Company’s registered office, on the website www.mondadorigroup.com (under the Governance/Shareholders’ Meeting section), and at the authorised storage mechanism “1Info” (www.1info.it):

  • call notice for the Ordinary Shareholders’ Meeting convened on 21 April 2026 in first call (22 April in the event of a second call);
  • Directors’ Explanatory Reports, pursuant to Article 125-ter of Legislative Decree No. 58 of 24 February 1998, on each of the items on the agenda of the Shareholders’ Meeting;
  • Information document, pursuant to Article 84-bis of the Consob Issuers’ Regulation No. 11971/1999, relating to the Performance Share Plan for the 2026-2027-2028 three-year period;
  • Information document, pursuant to Article 84-bis of the Consob Issuers’ Regulation No. 11971/1999, relating to the 2026 Short-Term Incentive Plan (MBO).

The additional AGM documentation will be made available, in the manners above, within the time limits of current laws.

Board of Directors approves results as at 31 December 2025

  • Consolidated revenue of € 931.6 million, versus € 934.7 million in 2024
  • Adjusted EBITDA of € 158.2 million versus € 157.6 million in 2024
  • Group net profit positive for € 54 million versus € 60.2 million in 2024
  • Ordinary Cash Flow of € 1 million, confirming the Group’s significant ability to generate the necessary resources to finance acquisitions and the growing remuneration of shareholders
  • Net financial position (gross of IFRS 16) of € -85.7 million; IFRS 16 NFP of € -174.5 million
  • Proposed distribution of a dividend of € 0.154 per share for a total of approximately € 40 million, a growth of 10% on 2024.

OUTLOOK FY 2026

The soundness of the business model and the company’s financial position point to a positive outcome for the coming financial year:

  • low single-digit growth expected in revenue and Adjusted EBITDA;
  • margins stable at around 17%
  • significant cash generation capacity confirmed, with ordinary cash flow of € 65 to 70 million.
  • the growing Dividend Policy confirmed: minimum Dividend Per Share of 0.169 euro (Dividend Yield of approximately 8%).

Today, the meeting of the Board of Directors of Arnoldo Mondadori Editore S.p.A., chaired by Marina Berlusconi, reviewed and approved the draft Parent Company and Group consolidated financial statements at 31 December 2025 presented by CEO and General Manager Antonio Porro.

HIGHLIGHTS

In the 2025 financial year, the Mondadori Group continued to grow its core businesses,  strengthening its presence in book publishing and enhancing its competitiveness in the digital sector.

At year-end, a contract was signed to acquire a majority stake in Edilportale.com (finalised in January 2026), confirming Mondadori Digital as Italy’s leading publisher in social and digital media and extending its leadership to the architecture and design segment.

“In 2025, the Mondadori Group confirmed the strength of its business model, delivering improved financial performance, with broadly stable revenue and margins slightly up on the previous year,” said Antonio Porro, Chief Executive Officer and General Manager of the Mondadori Group. “The strong operating cash flow generated during the year further confirms the significant ability to consistently generate the financial resources needed to support acquisitions and ensure increasing shareholder remuneration.

During the year – adds Porro – we continued to strengthen our core businesses. The book division delivered a positive performance, increasing its market share, which is supported by improved operational efficiency following the full integration of companies acquired in recent years. At the same time, the initiatives undertaken in the digital arena, specifically the establishment of Mondadori Digital and the acquisition of a majority stake in Edilportale.com, have strengthened our leadership in a strategic sector and broadened its positioning in high-value vertical digital segments. In light of the performance in the financial year just ended and the current market environment, we expect to deliver positive results in 2026 as well, with margins remaining stable at around 17%, supported by ongoing efficiency initiatives, including the recently launched multi-year structural optimisation plan,” Porro concluded.

GROUP PERFORMANCE AT 31 DECEMBER 2025

Consolidated revenue for 2025 totalled € 931.6 million, remaining largely stable compared with the previous year (€ 934.7 million in 2024).

Adjusted EBITDA for 2025 amounted to € 158.2 million, slightly up (+0.4%)  from € 157.6 million in 2024, reflecting ongoing structural efficiencies which allowed profitability to be maintained despite stable revenue.

Reported EBITDA for 2025 amounted to € 151.2 million, down € 3.8 million compared with the previous year. Concentrated in the Trade Books and Education Books segments, the decline was due to higher non-recurring charges, partly attributable to the logistics provider migration project and partly linked to extraordinary operations.

EBIT for 2025 was positive at € 84.2 million, down € 7.8 million compared with 2024. In addition to the factors affecting EBITDA described above, the decrease reflects higher depreciation and amortisation, totalling € 4 million, primarily due to increased investments and the accounting effects of the Purchase Price Allocation (PPA) process related to companies acquired over the last five years.

By excluding extraordinary items, certain write-downs and depreciation arising from the PPA, adjusted EBIT for 2025 would amount to € 101.1 million compared with € 103.7 million in the previous year, limiting the decline to approximately € 2.6 million.

The consolidated result before tax for 2025 was positive by € 75.4 million, down € 8.7 million from € 84.1 million as of 31 December 2024, partly reflecting the factors already mentioned and partly a € 0.8 million deterioration in the results of associates.

Tax expenses for 2025 amounted to € 20.5 million, down from € 21.7 million as of 31 December 2024, reflecting the lower result before tax, despite a higher tax rate affected by the depletion of certain prior losses.

Net profit at 31 December 2025, after minority interests, was positive at € 54 million, down by € 6.2 million from the € 60.2 million recorded in 2024. This performance occurred despite a lower share of minority interest resulting from the acquisitions completed during 2025 relating to the remaining 25% of the share capital of ALI and an additional 24.5% stake in Edizioni Star Comics.

Adjusted Net Profit, after excluding all non-recurring items, write-downs and amortisation arising from the purchase price allocation (PPA) of companies acquired over the past five years, net of related taxes, would have amounted to € 66.5 million, down € 2.3 million from € 68.8 million the previous year (-3.3%).

The Net Financial Position excluding IFRS 16 as at 31 December 2025 amounted to € -85.7 million (net debt), a reduction from € -91.8 million as at 31 December 2024, reflecting strong cash generation during the year and despite active investment, M&A and shareholder remuneration policies.

The IFRS 16 Net Financial Position as of 31 December 2025 stood at € -174.5 million (net debt), broadly stable compared with € -173 million as of 31 December 2024 and was influenced by the active policy of opening new directly managed bookshops.

Cash flow from operating activities (i.e. after financial expense and tax) for 2025, amounting to € 65.1 million (€ 71.3 million in 2024), enables the Group to continue funding its inorganic growth strategy and provide increasing remuneration to shareholders, without compromising its financial soundness or further strengthening of the Company.

As of 31 December 2025, extraordinary cash flow was negative by around € 21 million, primarily reflecting disbursements of approximately € 10 million related to the net impact of acquisitions and disposals, about € 3 million in restructuring costs, and roughly € 3 million for the renovation of the Segrate headquarters.

As a result, the Free Cash Flow at 31 December 2025 was positive by € 44 million.

Finally, during the year the Mondadori Group distributed dividends of € 36.5 million to shareholders (equivalent to a 60% payout of the 2024 net profit), representing a 17% increase compared with the previous year.

Group employees at 31 December 2025 amounted to 2,231 units (+4.6% versus 2,128 units in 2024). Excluding the impact of changes in scope – specifically, the acquisition of MA Retail (owner of 10 stores) in the Retail segment, completed on 1 December 2025 – the workforce would have increased by 2% approximately compared with year-end 2024.

BUSINESS OUTLOOK 2026

The soundness of the business model of the Mondadori Group and its financial position point to a positive outcome for the coming financial year.

From a strategic point of view, the Group intends to continue to strengthen and consolidate its integrated and diversified leadership position in the core businesses of book and digital publishing, and to expand its retail network in order to increase coverage throughout the country.

In particular:

  • in the Trade Books area, the Group will pursue the strengthening of its editorial positioning, emphasising the identity and specialisation of the various publishing houses in the various segments, through plans that also include the expansion of its digital offer;
  • in the Education Books area, focus will remain on the most profitable textbook market areas and on consolidating domestic leadership through the continuous renewal of the editorial offering – also in line with the New National Guidelines – and the gradual integration of Artificial Intelligence tools to provide an increasingly innovative and personalised experience;
  • in the Retail area, the Group will continue to pursue a dual approach: selectively expanding its network of directly managed stores – opening around ten new points of sale – to ensure broader national coverage, while maintaining the existing network through restyling initiatives and placing increasing emphasis on the Book category, which is essential for effectively conveying the Group’s editorial offering to the market;
  • in the Digital segment, the Group will focus on integrating Edilportale.com and will continue to strengthen its competitive position by pursuing strategic growth opportunities, both organically, through investments aimed at developing its capabilities and offerings, and externally.

Income Statement

The Group’s financial and economic targets below refer to the current scope (including Edilportale.com).

In light of the foregoing and the reference context, and consistent with what has already been disclosed to the market, the Group expects low single-digit growth in both revenue and Adjusted EBITDA for 2026, with margins remaining stable at around 17%. This outlook reflects targeted pricing policies on Book products and ongoing efficiency measures across all business areas. It is worth noting that the Group recently launched a multi-year structural optimisation plan designed to enhance operational efficiency and support profitable growth and cash generation over the medium term.

Cash Flow and Net Financial Position

The Group is expected to confirm its significant cash generation capacity with an Ordinary Cash Flow in the range of € 65 to 70 million.

Shareholder Remuneration Policy

The Group’s significant cash generation continues to be allocated to maximising value creation, through an active investment policy in its core and adjacent segments aimed at seizing opportunities to strengthen the Group’s leadership, expand geographically and/or expand its presence within the book value chain.

This development strategy is complemented by the well-established and growing shareholder remuneration policy, through the confirmation of a Dividend Policy based on the 2026 financial results. Under this policy, dividends will be the greater of 50% of the Ordinary Cash Flow per share or the previous year’s Dividend Per Share (DPS) increased by 10% (corresponding to a Dividend Yield of approximately 8%)[1]. The minimum DPS will therefore be 16.9 euro cents, double the 8.5 euro cents distributed in 2022, the year in which the Mondadori Group resumed its shareholder remuneration policy.

PERFORMANCE OF THE BUSINESS AREAS AT 31 DECEMBER 2025

  • TRADE BOOKS

In 2025, the Book market experienced a 2.1% decline in value[2]. The slowdown seen in the first nine months of the year (-2%) continued into the final quarter (-2.4%).

Against this backdrop, the Mondadori Group’s publishing houses maintained substantial stability in sell-out value (+0.2%), compared to the previous year.

This performance was driven by strong growth of 4.5% in the final quarter of the financial year, fuelled by the publication of bestsellers such as “L’ultimo segreto” (The Secret of Secrets) by Dan Brown for Rizzoli, which sold almost 330,000 copies in 2025, and “Il cerchio dei giorni” (Circle of Days) by Ken Follet and “Cesare” by Alberto Angela for Mondadori.

Thanks to this strong performance, the Mondadori Group has further strengthened its national leadership, with a market share of 28.3% in December 2025, up from 27.6% at the end of the previous year.

As evidence of the quality of its editorial offer, in 2025 the Mondadori Group placed five titles among the top eight bestsellers, including three within the top five.

Revenue for the 2025 financial year totalled € 393.3 million, reflecting a slight decrease on the previous year (-1%). In this context, Trade publishers delivered overall performance in line with the previous year. In particular, the final quarter of the financial year saw growth of around 2%, driven by the release of international bestsellers, which offset the decline in the first part of the year, mainly due to the commercial transaction completed by Star Comics in January 2024, which was not replicated in 2025. Digital revenue remained stable compared with the previous year.

In 2025, adjusted EBITDA of the Trade Books segment amounted to € 59.3 million, reflecting an anticipated 4.3% decrease from € 62 million in 2024. This decline was primarily driven by factors affecting only the first part of the year, including the lower margin resulting from the expiry, in April 2024, of the concession for activities in the Colosseum area, and the decision not to replicate the Star Comics commercial transaction in 2025.

It is worth noting that, excluding these extraordinary factors, Adjusted EBITDA increased by 3.8% for the full year. In the fourth quarter of 2025, the segment recorded Adjusted EBITDA growth of approximately € 2.5 million, driven by the strong performance of publishing revenue.

  • EDUCATION BOOKS

The School textbooks market (Primary + Secondary Schools) experienced a slight contraction of approximately 1% in 2025 compared with the previous year, while the sold/adopted ratio remained largely stable.

During the year, the three Mondadori Group’s School textbooks publishing houses achieved a 32.5% market share (adoptions), reaffirming their national leadership position (+0.7% from the previous year). This is the result of growth in all segments.

In 2025, the school textbooks business recorded total revenues of € 230.3 million, remaining largely stable compared to 2024 (€ 233.3 million, -1.3%). Despite a continuing decline in student numbers, the Mondadori Group’s publishing houses maintained a strong sold/adopted ratio in middle and secondary schools, following the downsizing implemented in 2024.

Adjusted EBITDA for the Education Books segment amounted to € 64.3 million, slightly below the € 65 million recorded in 2024. The decrease was primarily due to higher logistics costs, which have already been addressed through improved contractual terms with a new provider starting in the 2026 financial year. Despite this, the segment maintained stable profitability of around 28% in 2025, supported by lower industrial costs, particularly reduced paper prices, as well as careful management of discretionary sales promotion expenses and containment of structural costs.

  • RETAIL

In a declining book market, the Mondadori Group’s Retail area demonstrated excellent resilience achieving sell-out growth of 1.7% and outperforming the market for the fifth year running (by 3.9 percentage points). As a result, Mondadori Retail’s market share reached 13.7% of the book market (+0.5% compared with the previous year), marking a further increase thanks to the performance of both directly managed and franchised stores, whose combined market share of the physical channel is close to 20%.

The transformation initiatives undertaken in recent years have enhanced operating and management performance, as reflected in the 2025 income statement, which showed further growth in both revenue and margins.

The Retail area, including, from 1 December 2025, the revenue and margins of the MA Retail business, recorded total revenue of € 220.3 million, an increase of € 4.8 million, up 2.2% compared with the previous year.

Organic revenue growth reached +1.5% and would have been even higher (amounting to 4.2%) if not for the temporary closure of the Rizzoli Milano bookstore for restyling (which had an impact of approximately € 1.5 million in 2025) and technical issues related to the launch of the new omnichannel platform, which reduced e-commerce revenue by around € 4 million.

In the 2025 financial year, Adjusted EBITDA was € 19.7 million, representing a significant increase of nearly 18% compared with the previous year. This result, despite the aforementioned negative impact of € 0.5 million related to the restyling of the Rizzoli Milano bookstore, confirms a sustained trajectory of consistent performance improvement over recent years.

  • MEDIA

In the 2025 financial year, the Media segment recorded revenues of € 145.2 million, reflecting a slight decrease of 1.4% compared with the previous year, as significant growth in the Digital component  largely offset the structural decline recorded in traditional activities.

In particular:

  • digital activities, which account for over 50% of the segment’s total revenue, grew by 4.5% in 2025 (+1.4% on a like-for-like basis), driven in particular by:
  • the positive performance of the MarTech segment (+5.3%);
  • the excellent results recorded by the social agencies and the contribution of Fatto in casa da Benedetta (+4% approx.);
  • the traditional print business declined by 7%, mainly due to the structural drop in add-on sales and readership during the quarter under review.

Adjusted EBITDA for the Media area came to € 22.5 million in FY 2025, with a growth of 11.2%% compared with the previous year, due to both the digital and traditional business segments.

The EBITDA margin recorded an increase of almost 2 percentage points, from 13.7% to 15.5%.

SUMMARY OF CONSOLIDATED REVENUE FOR THE FOURTH QUARTER OF 2025

Consolidated revenue for the fourth quarter of 2025 amounted to € 227.1 million, a slight decrease of approximately 0.8% compared to the same quarter of the previous year.

Adjusted EBITDA was € 29.5 million, up more than 20% from € 24.3 million in the fourth quarter of 2024, driven by the Trade Books and Retail segments, which recorded, respectively:

  • a € 2.5 million increase in Adjusted EBITDA reflecting higher margins supported by the growth in publishing revenue during the period;
  • a € 2.2 million margin improvement compared with the final quarter of the previous year, thanks to the strong performance of directly operated stores, including the MA Retail bookshops consolidated in December.

The Group’s net profit, after minority interests, was positive at € 2.3 million, up by € 1.4 million compared with the same quarter of 2024, driven by a higher pre-tax result despite lower income from equity investments.

PERFORMANCE OF ARNOLDO MONDADORI EDITORE S.P.A.

The Parent Company’s income statement at 31 December 2025 showed the same net profit as in the consolidated financial statements of € 54 million (€ 60.2 million in 2024), due to the fact that the Company has chosen to use the equity method to measure its investments in the separate financial statements.

Revenues, comprising the costs of central functions charged back to the subsidiaries, totalled € 49 million, up 6.5% year on year. The increase reflects higher charges for IT and administrative services, as well as occupied space, in line with the expanded scope of managed companies.

Adjusted EBITDA in 2025 (negative by € 7.1 million compared with € -5.9 million in 2024) declined year on year due to higher IT costs associated with the Group’s information systems migration to the Cloud.

The 2025 financial year presents a negative reported EBITDA of € 8.9 million, compared with € -7.5 million in 2024, reflecting, in part, higher one-off expenses for advisory services related to extraordinary transactions.

DIVIDEND DISTRIBUTION PROPOSAL OF € 0.154 PER ORDINARY SHARE

Based on the 2025 financial year results, the Board of Directors proposes that the next Shareholders’ Meeting scheduled for 21 April 2026 approve a dividend of € 0.154 per share, an increase of 10% for a total of approximately € 40 million.

This represents a payout of nearly 75% of the net profit for 2025 and a dividend yield of 7.3% based on the share price of 31 December 2025.

In compliance with the provisions of the “Regulations for markets organised and managed by Borsa Italiana S.p.A.” and line with the previous year, the dividend will be paid in two equal tranches:

  • unit amount of € 0.077 for each ordinary share (net of treasury shares) outstanding at the record date stated below, from 20 May 2026 (payment date), with ex-dividend date no. 27 on 18 May 2026 (ex date) and with the date of entitlement to payment of the dividend, pursuant to Article 83-terdecies of the TUF (record date), on 19 May 2026;
  • unit amount of € 0.077 for each ordinary share (net of treasury shares) outstanding at the record date stated below, from 25 November 2026 (payment date), with ex-dividend date no. 28 on 23 November 2026 (ex date) and with the date of entitlement to payment of the dividend, pursuant to Article 83-terdecies of the TUF (record date), on 24 November 2026.

SIGNIFICANT EVENTS AFTER YEAR-END 2025

On 1 January 2026, an intra-group spin-off came into effect, transferring the digital activities previously held by Mondadori Media S.p.A. to the newly established Mondadori Digital S.p.A., a wholly owned subsidiary of Arnoldo Mondadori Editore S.p.A. The new structure aligns with Mondadori Group’s corporate organisation, which maintains a distinct management perimeter for each business area: Trade Books, Education Books, Retail and, as of 1 January 2026 Media and, naturally, Digital.

On 15 January 2026, Arnoldo Mondadori Editore S.p.A. completed the acquisition of a 58.84% stake in Edilportale.com S.p.A., following the agreement signed and announced on 29 December 2025. Edilportale.com is an international company specializing in content, services and platforms for the architecture, design and construction sectors, including through the Archiproducts brand.

The transaction, paid entirely in cash on closing, amounted to € 31.2 million, reflecting an Enterprise Value (100%) of € 50 million and an estimated average net financial position of € 3 million.

PROPOSED RENEWAL OF THE AUTHORIZATION TO PURCHASE AND DISPOSE OF TREASURY SHARES

Following expiry of the previous authorization resolved upon by the Shareholders’ Meeting on 16 April 2025, with the approval of the financial statements at 31 December 2025, the Board of Directors will propose to the next Shareholders’ Meeting, scheduled for 21 April 2026, the renewal of the authorization to purchase and dispose of treasury shares with the aim of retaining the applicability of law provisions in the matter of any additional buyback plans and, consequently, of seizing any investment and operational opportunities involving treasury shares.

Below are the main elements of the Board of Directors’ proposal, which are consistent with those of the expired authorization.

  • Motivations

The motivations underlying the request for the authorization to purchase and sell treasury shares refer to the opportunity to attribute to the Board of Directors the power to:

  • use the Treasury Shares purchased or already in the Company portfolio as compensation for the acquisition of interests within the framework of the Company’s investments;
  • use the treasury shares purchased or already held in portfolio against the exercise of option rights, including conversion rights, deriving from financial instruments issued by the Company, its subsidiaries or third parties and to use the treasury shares for lending, exchange or transfer transactions or to support extraordinary transactions on the Company’s capital or financing transactions that imply the transfer or sale of treasury shares;
  • undertake any investments, directly or through intermediaries, including for the purpose of containing abnormal movements in share prices, stabilizing share trading and prices, supporting the liquidity of the share on the market, in order to foster the regular conduct of trading beyond normal fluctuations related to market performance, without prejudice in any case to compliance with applicable statutory provisions;
  • rely on investment or divestment opportunities, if considered strategic by the Board of Directors, also in relation to available liquidity;
  • dispose of treasury shares to service share-based incentive plans set up pursuant to Article 114-bis of the TUF, and plans for the free allocation of shares to employees or members of the governing bodies of the Company or to Shareholders.
  • Duration

The authorization to purchase treasury shares runs from the date of any resolution approving the proposal by the Shareholders’ Meeting, until the Shareholders’ Meeting called to approve the financial statements at 31 December 2026 and, in any case, for a period no more than 18 months after that date. The authorization to dispose of treasury shares is requested for an unlimited period, given the absence of time limits pursuant to current regulations and the opportunity to allow the Board of Directors to make use of the maximum flexibility, also in terms of time, to carry out any disposal of shares.

  • Maximum number of purchasable treasury shares

The authorisation would allow the purchase, on one or more occasions and in one or more tranches, of a maximum number of ordinary shares with a nominal unitary value of € 0.26, which – considering the treasury shares already held by the Company and the shares that may possibly be acquired by subsidiaries – shall not exceed a total of 10% of the share capital.

Pursuant to article 2357(1) of the Italian Civil Code, the purchase transactions will be carried out within the limits of the distributable profits and available reserves resulting from the last regularly approved financial statements at the time of each potential purchase transaction. The authorisation would include the right to subsequently dispose of the treasury shares acquired, in whole or in part, on one or more occasions and even before having exhausted the maximum number of purchasable shares.

  • Criteria for purchasing treasury shares and indication of the minimum and maximum purchasing cap

Purchases would be made in accordance with articles 132 of the TUF, 144-bis(1)(b) and d-ter) of the Issuers’ Regulation, and thus:

(i) on regulated markets or multilateral trading systems, according to the operating criteria established in the organisation and management regulations of the same markets, which do not allow the direct matching of purchase trading proposals with predetermined sales trading proposals, as well as in compliance with any other legislation in force, including European ones.

(ii) by the methods established by the market practices permitted by Consob, pursuant to the combined provisions of article 180(1)(c) of the TUF and article 13 of Regulation (EU) no. 596 of 16 April 2014 (“Permitted Market Practices”).

Additionally, share purchase transactions may also be carried out in the manner envisaged in Article 3 of EU Delegated Regulation no. 2016/1052 in order to benefit, if the conditions are met, from the exemption under Article 5, paragraph 1, of EU Regulation no. 596/2014 on market abuse with regard to inside information and market manipulation.

The disposal of treasury shares may be carried out, on one or more occasions and even before having terminated the maximum number of purchasable treasury shares, either by selling them on regulated markets or according to other trading methods in compliance with the law, including EU law force and with the Admitted Market Practices, if applicable. The authorisation proposal provides that purchases are made at a unit price, compliant with any regulatory requirements, including European ones, or permitted market practices in force at the time, where applicable, without prejudice to the fact that the minimum and maximum purchase price will be set at a unit price no lower than the official stock market price of the Mondadori stock on the day prior to the day on which the purchase transaction is carried out, decreased by 20%, and no higher than the official stock market price on the day before the day on which the purchase transaction will be carried out, increased by 10%. In any event – except for any different price and volume determinations resulting from the application of the conditions set forth in the Admitted Market Practices – such price shall be identified in accordance with the trading conditions set forth in Delegated Regulation (EU) no. 1052 of 8 March 2016 and, specifically:

  • no shares may be purchased at a price higher than the higher between the price of the last independent trade and the price of the highest current independent bid on the trading venue where the purchase is carried out;
  • in terms of volumes, daily purchase amounts will not exceed 25% of the daily average volume of Mondadori shares traded as recorded in the 20 trading days before the dates of purchase or in the month prior to the month of the disclosure required by Art. 2, paragraph 1, of Regulation (EU) no. 1052/2016.

In terms of consideration, sales transactions or other acts of disposition of treasury shares shall be carried out:

  • if executed in cash, at a price no lower than 10% of the reference price recorded on the MTA – Euronext Milan – organized and managed by Borsa Italiana S.p.A. in the trading session prior to each single transaction;
  • if executed as part of any extraordinary transactions in accordance with financial terms to be determined by the Board of Directors on the basis of the nature and characteristics of the transaction, also taking account of the market performance of Mondadori shares;
  • if executed to service the Performance Share Plans in compliance with the terms and conditions set out in the resolutions of the Shareholders’ Meeting that establish the Plans and the related regulations.

To date, Arnoldo Mondadori Editore S.p.A. holds a total of no. 1,460,697 treasury shares, equal to 0.558% of the share capital.

For further information on the proposed authorization for the purchase and disposal of treasury shares, reference should be made to the Directors’ Explanatory Report, which will be published within the time limits and in the manner prescribed by applicable regulations.

ALLOCATION OF SHARES UNDER THE 2023-2025 PERFORMANCE SHARE PLAN: INFORMATION PURSUANT TO ART. 84-BIS, PARAGRAPH 5 CONSOB REGULATION NO. 11971/1999

The Board of Directors, based on the final assessment of the achievement of the Performance Targets underlying the Plan, and having heard the Remuneration and Appointments Committee, resolved to allocate, on 14 May 2026, a total of 853,813 Arnoldo Mondadori Editore S.p.A. shares to a total of 19 beneficiaries, implementing the provisions of the “2023-2025 Performance Share Plan” adopted by the Shareholders’ Meeting on 27 April 2023 (the “2023-2025 Plan”).

Mention should be made that the 2023-2025 Plan grants its beneficiaries the right to receive, free of charge, shares in the Company held as treasury shares provided that, at the end of a reference period of three financial years, the performance targets set in the same Plan have been achieved.

The beneficiaries of the 2023-2025 Plan are the Chief Executive Officer, the CFO and 17 managers identified by name by the Chief Executive Officer, as delegated by the Board of Directors.

The characteristics of the Plan are explained in detail in the Directors’ Report to the Shareholders’ Meeting of 27 April 2023 and in the information document drawn up pursuant to article 84-bis of CONSOB Regulation no. 11971/1999 available at www.gruppomondadori.it, Governance section, to which reference should be made.

Attached is the information required by Schedule 7 of Annex 3A to CONSOB Regulation no. 11971/1999 to account for the allocation of shares in the context of the 2023-2025 Plan.

PROPOSED ADOPTION OF A PERFORMANCE SHARE PLAN COVERING THE THREE-YEAR PERIOD 2026-2028

The Board resolved, on a proposal from the Remuneration and Appointments Committee, and continuing to apply the performance share instrument for the medium-long term remuneration of executive directors and strategic executives, as per Legislative Decree 58 of 24 February 1998, art. 114-bis, to submit for approval by the Shareholders’ Meeting, convened for 21 April 2026, the establishment of a Performance Share Plan for the three-year period 2026-2028, reserved for the Chief Executive Officer, the CFO – Executive Director and a number of Company Managers who have an employment and/or directorship relationship with the Company or with its subsidiaries on the date of allocation of the shares.

With the adoption of the Plan, the Company aims to encourage Management to improve medium to long-term performance, in terms of both industrial performance and growth in the value of the Company.

The Plan envisages the assignment to the beneficiaries of rights to the free allocation of company shares, subject to the achievement of specific performance targets set and measured at the end of the three-year performance period.

These targets are structured to include both shareholder remuneration indicators and management indicators functional to raising the share value, ensuring maximum alignment of Management remuneration and the creation of value for the Company, as well as indicators of a non-operating/financial nature linked to ESG issues.

For details on the proposed adoption of the 2026-2028 Performance Share Plan, the beneficiaries and the characteristics of said Plan, reference should be made to the Information Document approved by the Board of Directors, pursuant to Article 84-bis and annex 3A of the Issuer Regulation, and to the Explanatory Report of the Board of Directors, which will be published within the time limits and in the manner prescribed by applicable regulations.

PROPOSAL TO THE SHAREHOLDERS’ MEETING TO ADOPT A SHORT-TERM INCENTIVE PLAN (MBO) 2026

On a proposal from the Remuneration and Appointments Committee, the Board resolved to submit the adoption of a Short-Term Incentive Plan (MBO) for the year 2026 to the Ordinary Shareholders’ Meeting for approval, pursuant to Article 114-bis of Legislative Decree no. 58 of 24 February 1998.

The Plan, which is reserved for the same beneficiaries as the 2026-2028 Performance Share Plan, governs the determination, subject to the achievement of specific individual and Group performance objectives, of the annual Variable Remuneration (MBO) for the year 2026. In particular, the Plan envisages a voluntary mechanism for the conversion into Mondadori shares of a percentage component equal to 15% or 30% of the Variable Remuneration itself, as well as the disbursement of an additional “bonus” component in shares, equal to the number of shares resulting from the conversion.

Any allocation of the total component in shares would take place at the end of a 24-month deferral period with respect to the MBO vesting date.

For details on the proposed adoption of the 2026 Short-term Incentive Plan (MBO), the beneficiaries and the characteristics of said Plan, reference should be made to the Information Document approved by the Board of Directors, pursuant to Article 84-bis and annex 3A of the Issuer Regulation, and to the Explanatory Report of the Board of Directors, which will be published within the time limits and in the manner prescribed by applicable regulations.

2025 SUSTAINABILITY REPORT PURSUANT TO LEGISLATIVE DECREE 125/2024 AND 2026 – 2028 SUSTAINABILITY PLAN

In accordance with the requirements of Legislative Decree 125/2024, which implemented the Corporate Sustainability Reporting Directive (CSRD) in Italy, the Directors’ Report on Mondadori Group Operations in 2025 includes the Sustainability Report.

The contents of the 2025 Group’s Report were determined based on the results of a double materiality analysis (Impact Materiality and Financial Materiality), conducted in accordance with the new European Sustainability Reporting Standards (ESRS). This analysis enabled the identification of significant impacts, risks and opportunities, providing a comprehensive view of the company’s environmental, social and governance performance, as well as outlining its commitment to long-term value creation for all stakeholders relevant to the Mondadori Group.

In 2025, continuing the approach from previous years, stakeholder engagement to assess material impacts was carried out through the involvement of employees, teachers and readers (customers of Mondadori Store bookstores), extending it also to financial analysts and some strategic suppliers.

The actions implemented during the year in support of the objectives of the 2025-2027 Sustainability Plan include, in particular, the following initiatives that place a specific focus on the dimension of social sustainability, alongside environmental and governance aspects, in continuity with the guidelines of previous years:

  • the increase in the percentage of women in managerial positions, amounting to 40% of total managers;
  • the enhancement of human capital, through D&I initiatives and training and upskilling programmes, in which 91% of the company population participated;
  • the adoption of a new Human Rights Policy, which promotes freedom of critical thought, the value of diversity, and the continuous growth of our people;
  • the development of initiatives to promote reading, through events in schools and libraries, as well as the growing production of accessible content, including the Trade Books audiobook catalogue, and the production within the School textbooks area of a large majority of new titles in accessible liquid format.

The Mondadori Group has also paid close attention to environmental issues through a series of projects that have led to, among other things, a reduction of energy impact, primarily at the Group’s’ headquarters, with a decrease of over 60% in energy consumption; the ongoing review of production and logistics processes; alongside which, within the governance framework, a supplier Code of Conduct has been defined in support of the Group’s commitment across the entire value chain.

With the 2026-2028 Sustainability Plan approved today, the Mondadori Group continues on its path of responsible development, with the aim of consolidating the lines of action already undertaken and introducing further improvement targets. The three strategic pillars of the Plan – Quality and social value of the editorial offering, Efficiency and environmental responsibility across the supply chain, People development and inclusion – represent a further confirmation of the Company’s commitment to social sustainability and to essential principles such as the promotion of an inclusive culture, the development of knowledge, and respect for ideas.

 

The results for the year ended 31 December 2025, approved on today’s date by the Board of Directors, will be presented by the Mondadori Group Management to the financial community in a presentation scheduled today at 4:00 PM. The corresponding documentation will be available on 1Info (www.1info.it), at www.borsaitaliana.it and at www.gruppomondadori.it (Investors section). Journalists will be able to follow the proceedings of the presentation via webcast, by dialling +39028020927 and also via webhttps://www.c-meeting.com/web3/join/MKRA9NDNUBPJNA.

 

The Financial Reporting Manager – Alessandro Franzosi – hereby declares, pursuant to Article 154 bis, paragraph 2, of the Consolidated Finance Law, that the accounting information contained herein corresponds to the Company’s records, books and accounting entries.

 

Annexes (in the complete pdf):

  1. Consolidated Statements of Financial Position
  2. Consolidated Income Statement
  3. Consolidated income statement – fourth quarter
  4. Group cash flow
  5. Arnoldo Mondadori Editore S.p.A. Statements of financial position
  6. Arnoldo Mondadori Editore S.p.A. income statement
  7. Arnoldo Mondadori Editore S.p.A. statement of cash flows
  8. Glossary of terms and alternative performance measures used
  9. Information pursuant to Schedule 7 of Annex 3a to CONSOB Regulation no. 11971/1999.

[1] Based on market capitalisation as at 31/12/2025

[2] Source GFK, December 2025

Mondadori Education, Rizzoli Education and Deascuola at Didacta Italia 2026: training, innovation and new perspectives for schools

Mondadori Education, Rizzoli Education and Deascuola will take part in Didacta Italia, the leading event dedicated to training and innovation in the education sector, taking place in Florence from 11 to 13 March 2026.

At the Fortezza da Basso, the three publishing houses of the Mondadori Group will present a rich programme of meetings and seminars aimed at all levels of schooling. Experts, authors and specialists will engage with the public on key themes shaping the present and future of education, while also presenting the main new developments in their editorial offerings.

The programme will also be enriched by initiatives from HUB Scuola, the digital teaching platform of the three publishing houses, alongside activities promoted through Formazione su Misura, the professional development programme for teachers by Mondadori Education and Rizzoli Education, and Deascuola Formazione, the project dedicated to the training of school staff developed by Deascuola.

Among the key topics at the centre of the meetings will be pedagogical criteria and teaching practices for the conscious and responsible adoption of Artificial Intelligence in educational contexts; understanding the changes introduced by the 2025 National Guidelines and assessing their impact on teaching design; and practical strategies for preventing and tackling bullying and cyberbullying.

The initiatives organised by Mondadori Education, Rizzoli Education and Deascuola will take place over the three days of the event in the Event Area of the publishers’ stand (Stand H17) in the Cavaniglia Pavilion, from 9:30 am to 6 pm.

During the event, the initiative Space for Kids will also be presented, a project created by Fondazione Leonardo ETS in collaboration with HUB Scuola. The meeting, scheduled for 11 March at 11:30 am in the Spadolini Lower Pavilion, Room E15, will explore languages, tools and strategies for communicating space science in ways that are accessible, rigorous and engaging, including for younger students.

Didacta Italia represents an important opportunity for dialogue and exchange with school leaders, teachers and education professionals, offering a space to share ideas, tools and best practices in support of an increasingly innovative, inclusive and forward-looking education system.

A new Mondadori bookshop opens in Bracciano: a cultural space for the community

The opening and ribbon-cutting ceremony will take place on Thursday 19 March at 11:00 am, in the presence of representatives from the Bracciano municipal administration and the President of the local traders’ association

From Thursday 19 March, Mondadori Store, Italy’s largest network of bookshops, will also open in Bracciano (Rome), bringing a new space dedicated to books and entertainment to the area.

This new franchised opening further strengthens Mondadori Store’s already extensive presence across the Rome area, in line with the network’s strategy to promote culture and reading through local socio-cultural hubs.

The bookshop will offer the community a place to meet and connect, hosting events with authors for adults, young people and children, as well as initiatives developed in collaboration with local schools and cultural associations.

“Drawing on more than eight years’ experience, since opening my first Mondadori bookshop in Manziana, I have come to see that bookshops are certainly commercial ventures, but above all places of culture, exchange and personal growth, spaces where each day can spark a new adventure, with opportunities to encounter and engage with different ideas and worlds,” says Manuela Bianchi, a Mondadori Store franchisee. “We are ready to embrace the challenges the local area will bring, with the aim of developing projects that bring a broader sense of culture closer to love for books and music, creating a natural blend of sound and words,” Bianchi concludes.

The new Mondadori Bookstore covers an area of 130 square metres and offers a catalogue of more than 10,000 titles, ranging from great classics to bestsellers, including fiction and a broad selection of Italian and international non-fiction. Particular attention is given to younger readers through the We are Junior format, which includes educational games and illustrated books designed to spark their imagination with engaging stories. The shop also features the Just Comics section, dedicated to the growing world of manga and graphic novels, and My New Romance, a new corner for readers who enjoy romance fiction, one of the most popular literary genres of the moment. The offer is further complemented by areas dedicated to stationery, toys, gadgets, gift cards and gift boxes.

The Mondadori Bookstore in Bracciano will also serve readers online: customers can stay up to date via its Instagram and Facebook pages. In addition, they can use the digital services on  Mondadoristore.it to check book availability, place orders, collect in-store or arrange home delivery. Remote payments will also be available exclusively via Satispay.

 

Mondadori Store is the largest network of bookshops in Italy, with over 500 locations across the country, from major cities to smaller towns. These cultural hubs operate nationwide under the Mondadori Bookstore brand, both directly managed and franchised, alongside company-owned stores such as Mondadori Bookstore | MA, Mondadori Duomo and Rizzoli Milano. Mondadori Store is also active online through its e-commerce website Mondadoristore.it and its book club offering

 

MONDADORI BOOKSTORE

Address: Via Braccianese Claudia 8-14, 00062, Bracciano, RM
Opening hours: Monday to Friday 09:00 am – 7:30 pm; Saturday 09:30 am –1:00 pm / 4:00 pm – 8:00 pm

Telephone: 06 93898356
E-mail: mondadoribracciano@gmail.com

IGFB

AD cube launches CreativeDNA: a new AI tool that analyses ad creatives to optimize performance

Mondadori Digital’s startup introduces a new module that connects creative analysis with business results

AD cube, the AI platform for the optimization of digital advertising campaigns and part of AdKaora, the MarTech agency of Mondadori Digital, launches CreativeDNA, a new module dedicated to the in-depth analysis of ad creative assets.

CreativeDNA allows advertisers to view the performance of all their assets, both static and video, in a single dashboard. It helps identify which elements drive the best results, uncover patterns across top-performing projects, and generate actionable recommendations to improve creative strategy.

The new module is integrated with other products within the AD cube platform: MMM (Marketing Mix Model) for strategic budget planning, and AD cube core for campaign monitoring and operational optimization. Together, the three modules cover the entire digital advertising cycle, from strategy to execution and creative analysis.

In performance advertising, focusing only on budget and channels is no longer enough. Creativity has become the decisive variable,” says Alessandro Nuara, CEO of AD cube. “Yet for too long creative decisions have remained a matter of intuition. With CreativeDNA we aim to build a bridge between creativity and results, giving teams the opportunity to understand, based on data, what really works and why. The goal is to transform creative analysis from a subjective exercise into a measurable strategic lever, enabling companies to replicate successes, eliminate waste, and make creative decisions based on evidence rather than opinions,” Nuara concludes.

CreativeDNA is already available to AD cube clients. A modular version of the product will be made available in the coming months, allowing new users to test the platform’s creative analysis features.

 

AD cube is an AI platform for the optimization of digital advertising campaigns. Since September 2025, it has been part of AdKaora, the MarTech agency of Mondadori Digital. The company was founded in February 2023 from research conducted by the Politecnico di Milano and ML cube. The company, selected among the 16 best AI startups in Europe by the ELISE programme, manages more than €30 million in optimized advertising budget for clients in Italy and abroad.

Mondadori Store promotes the “Facciamo luce” campaign for International Women’s Rights Day

To mark International Women’s Rights Day on 8 March, Mondadori Store, the most extensive bookstore network in Italy, is promoting the third edition of the “Facciamo luce” campaign.

The initiative invites readers to look more consciously at the role of women and what they represent, encouraging reflection on women’s rights, identity and evolution in contemporary society. The campaign focuses on themes such as equality, self-determination, work, language, representation and interpersonal relationships.

With “Facciamo luce”, Mondadori Store aims to go beyond simply celebrating an anniversary, with the goal of opening spaces for genuine dialogue, promoting awareness and nurturing the future through books, stories and words. Culture has always been one of the most powerful tools in society, capable of shedding light on what people do not see and helping them imagine a more free and inclusive community.

The project will run across all Mondadori Store’s physical and digital channels, from bookstores to social media, including the e-commerce site mondadoristore.itand will involve stores across the network through the organisation of themed meetings and presentations throughout March, as well as dedicated in-store display areas featuring selected titles.

Bookstores will also contribute by publishing original editorial content on social media aimed at highlighting female figures who, throughout history, have faced obstacles and prejudice in the cultural and publishing world, while also giving visibility to the activities taking place in stores.

The “Facciamo luce” programme

Throughout March, Mondadori bookstores will host a rich calendar of meetings, conversations and discussions with authors, commentators and communicators who, through literature and contemporary thought, will offer new perspectives on the role of women today and the cultural transformations currently underway.

The events will provide an opportunity to explore the theme of women from a broad and cross-cutting perspective: from historical achievements to current challenges, from the construction of personal identity to the collective and social dimension, with particular attention also given to the world of children and young people.

The meetings are organised into four thematic groups, including:

“Independence”:

  • On March 5th, 5.00 pm, Mondadori Bookstore, Corso Italia 28, Massafra (TA): Anna Chiara Bruno will present “La libertà può volare” (Besa Muci).
  • On March 13th, 6.30 pm, Rizzoli Milano bookstore, Galleria Vittorio Emanuele, Milan: Emi Bondi and Carla Emilia Ramacciotti will present “Il maschio fragile. Perché le nuove generazioni sono così vulnerabili.” (Mondadori), followed by a book signing.
  • The authors will also appear Monday the 16th March, 6.30 pm, at the Mondadori Bookstore in Galleria Alberto Sordi, Rome, to present their new book.

“Affection and Relationships”:

  • On March 4th from 7.00 pm to 9.00 pm, at the Mondadori Bookstore in Via Umberto I, 123, Modica (RG): Michela Marzano will meet readers and present the book “Qualcosa che brilla” (Rizzoli).
  • On March 6th at 6.00 pm, Mondadori Bookstore, Corso Aldo Moro 129, Santa Maria Capua Vetere (CE): Ana Maria Sepe and Anna De Simone will present “Lascia che la felicità accada” (Rizzoli).
  • On March 11th at 6:30 pm, at Mondadori Duomo in Milan: Francesca Fialdini and Massimo Giusti will present and discuss the book “Come fossi una bambola” (Mondadori). Francesca Fialdini will also present the book on Saturday 14th March at the Mondadori Bookstore, Via Mameli 16G, Monterotondo (Rome).

“Women’s stories”:

  • On March 6th, 6.00 pm, Mondadori Bookstore, Viale Roma 18, Novara: Silvana Bartoli will present “Le scelte di Cristina Trivulzio” (Olschki) in conversation with Eleonora Groppetti.
  • Also on March 6th at 6.00 pm, Mondadori Bookstore MA, Città Fiera shopping centre, Via Bardelli 4, Torreano di Martignacco (UD): Nicole Trevisan will meet readers and present “Malefica” (Fandango).
  • On March 20th at 6.30 pm, Mondadori Bookstore, Via Larga 10, Bologna, Vialarga Shopping Centre: Giulia Fazzi will present “Le ragazze sono andate via” (Mondadori).
  • Also on the same day, March 20th, 6.30 pm, Mondadori Bookstore, Via Mameli 16G, Monterotondo (Rome): Marina Zucchelli will present “Latte” (Rizzoli).

“Body”:

  • On March 13th at 6.30 pm, Mondadori Bookstore, Via Larga 10, Bologna, Vialarga Shopping Centre: Giulia Boverio will present “Figli del buio. Il mio viaggio dentro le dipendenze” (Piemme).
  • On March 20th at 6.00 pm, Mondadori Bookstore, Viale Roma 18, Novara: Viviana Contu will present “Il prima che salva” (De Agostini) in conversation with Elena Deambrogio.
  • On March 22nd at 5:00 pm, Mondadori Bookstore Gualdo Tadino (PG), Porta Nova Shopping Centre: Rosita Passeri and Rita Pecci will host the meeting with online participation by Arianna Gnutti for the presentation of “Se bastasse l’amore. Una storia vera di anoressia e speranza” (Piemme).

The full calendar of events is available in the Events section of the mondadoristore.it website.

A week of achievements and new initiatives for TV Sorrisi e Canzoni during the Sanremo Festival

● Over 30 million views across social channels throughout the Sanremo week
● Launch of Sorrisi The Beach Club with numerous activities for the public
● The new edition of the Vertical Music Contest officially kicks off

A Festival marked by outstanding numbers for TV Sorrisi e Canzoni, the Mondadori Group’s reference point in the world of entertainment, which, thanks to the many initiatives created during Sanremo week, reached its audience across all channels — magazine, social, digital and live — including the brand-new Sorrisi The Beach Club.

THE SUCCESS OF SORRISI THE BEACH CLUB

The editorial headquarters of Sorrisi was the brand-new Sorrisi The Beach Club, a more than 500 square meters space located between the swimming pools of the Royal Hotel, one of the most charming historic hotels in the City of Flowers.

Over the course of the week, the venue hosted more than 60 competing artists and special guests for interviews and original formats. For the first time, it also opened its doors to the public, offering a rich schedule of activities ranging from partner-led experiences to poolside aperitifs.

Sorrisi The Beach Club also provided the setting for a surprise celebration following the Festival awards ceremony. In attendance were winner Sal Da Vinci with his family, along with runners-up Sayf and Ditonellapiaga, who joined the festivities after posing for the traditional exclusive cover shoot for TV Sorrisi e Canzoni.

THE PROGRAMME AT SORRISI THE BEACH CLUB

Throughout the week, Sorrisi The Beach Club hosted a continuous daily programme of interviews with artists and Festival guests through dedicated formats. These included Colazioni con il direttore, created in collaboration with Caffè Motta and Mielizia, during which Aldo Vitali, Editor-in-Chief of TV Sorrisi e Canzoni, sat down with competing artists such as Sal Da Vinci, Arisa, Tommaso Paradiso, Malika Ayane and J-Ax.

Equally popular were the Aperitif sessions, held in partnership with Martini, where Fulminacci, Levante, Elettra Lamborghini, Raf and Leo Gassman discussed Festival highlights and behind-the-scenes stories with the Editor.

In collaboration with Mandarina Duck, Sorrisi launched the new format #lavaligiadisanremo, in which Ermal Meta, Bambole di Pezza, Blind, Soniko and El Ma and the Young Category winner Nicolò Filippucci shared travel anecdotes and revealed the one essential item they never travel without.

But the surprises kept coming: every day brought a fresh episode of the vodcast Gimme Five, with Jody Cecchetto reinventing the classic interview by transforming each question into a fast-paced top-five challenge. Guests included: Mara Sattei, Michele Bravi, Nayt, and Dargen D’Amico who opened up with intimate, humorous and unexpected stories.

Throughout the week, each artist received bespoke gifts thanks to limited-edition champagne magnums created by Comte de Montaigne featuring the singers’ names, while Lavoratti 1938 fully branded the poolside kiosk with a selection of its most iconic products and presented artists with personalised boxes of chocolate pralines.

30 MILLION SOCIAL VIEWS FOR SORRISI

TikTok , the brand’s Official Entertainment Partner during the Sanremo Music Festival, became the channel through which Sorrisi expanded and enrichened its storytelling. Eva Calvani created original content in own her format with competing artists including: Eddie Brock, Bambole di Pezza, Enrico Nigiotti, LDA & Aka 7even, Maria Antonietta and Colombre generating over 3 million views.

Through in-app conversations, TikTok added a further layer to the entertainment experience: the creativity of individual creators enhanced the narrative with distinctive and personal perspectives, inspiring new interpretations and creating an impact that extended beyond the platform itself.

As with every edition of the Festival, www.sorrisi.com served as an essential guide for audiences following the televised event, offering exclusive song lyrics, nightly line-ups and live updates from the press room, and recording 25 million page views in February alone. Across the Sanremo week, TV Sorrisi e Canzoni’s social network channels generated over 30 million views.

TV Sorrisi e Canzoni’s Fantasanremo league  also proved a major success, with 110,000 registered teams engaging audiences in interactive participation.

A SPECIAL ISSUE DEDICATED TO THE FESTIVAL’S FINALE

Continuing its long-standing tradition, TV Sorrisi e Canzoni has published a third special issue dedicated to the Festival’s final night, available on newsstands from today.

The cover features winner Sal Da Vinci alongside runners-up Sayf and Ditonellapiaga, who, immediately after the awards ceremony at the Teatro Ariston, visited the Sorrisi editorial office for the traditional trophy photograph, taken exclusively for TV Sorrisi e Canzoni’s magazine. The issue also includes an extensive special report from the Sanremo week, featuring an unprecedented 30-page “Best of” filled with backstage insights, exclusive stories and Festival anecdotes, alongside dedicated coverage on the Sorrisi website.

VERTICAL MUSIC

At Sorrisi The Beach Club, TV Sorrisi e Canzoni officially announced the third edition of Vertical Music, the 9:16 music contest created in collaboration with Interproject and AcquaViva. The competition offers emerging talents the opportunity to submit original songs in vertical video format to be evaluated by an expert jury. The event was hosted by TV Sorrisi e Canzoni journalist Matteo Valsecchi and featured Sedona and Nora, two of the five finalists from the previous edition. In addition, the event was brought to life by performances from Birthh and Dario Comparini, two artists involved in Ticketmaster’s brand-new project, which marks the beginning of a new partnership with Sorrisi aimed at supporting emerging musical talent.

Vertical Music requires participants to produce an original track accompanied by a music video lasting between 60 seconds and three minutes.

Entries will open this month and remain open until mid-July. Selected profiles will then perform at “Il Festival dello Spettacolo” in November 2026, where the winner will be announced.

Involved partners

The interior and exterior design of Sorrisi The Beach Club, created by Studio Pisk in collaboration with numerous Italian design companies including: Calligaris supplied the tables, chairs and sofas; Celeste provided cushions and outdoor lounger covers; Fantin designed the fitted kitchen, complete with Smeg appliances; Oluce illuminated the space with its designer lighting; alongside Sikkens and Perdormire.

In addition, this year once again a wide range of companies – engaged by Piemme, the exclusive advertising sales agency for TV Sorrisi e Canzoni – chose to partner with the brand through bespoke collaborations and initiatives developed throughout the Sanremo week.

  • ActionAid returned for the second consecutive year as Charity Partner of TV Sorrisi e Canzoni. Competing artists donated personal items, which were auctioned on CharityStars during the days of the Festival; proceeds will support the development of an anti-violence centre in Uganda. The initiative was also showcased and amplified through an exhibition hosted inside Sorrisi The Beach Club for the entire week.
  • With KIKO Milano, beauty met style in an exclusive space inspired by the new Limited Edition HUG COUTURE collection, available in all stores. This experiential area was dedicated to discovering and testing the spring collection, where the beauty experts from Italy’s number one make-up brand offered personalised consultations and retouch sessions to enhance every Festival look.
  • Muitomas, the lifestyle brand of the Esprinet Group, featured a visually striking display corner conceived as a visually striking and Instagram-friendly space: an immersive environment where colour, the brand’s defining element, took centre stage, creating a vibrant and engaging glow experience within Sorrisi The Beach Club.
  • Entertainment and technology came together in the dedicated space for Roborock, the world-leading robot vacuum brand. Through interactive quizzes, personalised demonstrations and branded gadgets, visitors discovered a new approach to home management focused on practicality and free time.
  • With Grotte di Frasassi, the journey became virtual and immersive. In a dedicated area, guests experienced the wonders of the territory through VR headsets, combining technological innovation with the promotion of Italy’s natural heritage.
  • The interiors of Sorrisi The Beach Club were made even warmer and more welcoming thanks to Calligaris, which furnished much of the space. Its contribution reinforced the identity of the venue, creating a harmonious and comfortable atmosphere that welcomed artists and guests throughout the week.
  • As tradition dictates, the unmissable coffee appointment with the editor-in-chief of TV Sorrisi e Canzoni, Aldo Vitali, returned once again. The intense aroma and authentic flavour of Caffè Motta accompanied Sorrisi’s daily schedule, with a coffee break open to visitors and guests alike.
  • Mielizia enriched the Casa Sorrisi experience by accompanying morning moments with high-quality products that tell a 100% Italian story, perfectly aligned with the tradition of the Italian Song Festival.
  • Sweet breaks were curated by Gelateria La Romana dal 1947, a benchmark of Italian artisanal ice cream. Present inside Sorrisi The Beach Club with its Gelato Cart and outside with its iconic Gelato Bike, the brand created an atmosphere of genuine conviviality where visitors could enjoy an exclusive selection of traditionally prepared ice cream.
  • Mandarina Duck partnered with Sorrisi The Beach Club with two dedicated corners showcasing the LOGODUCK+ world in Sanremo: soft, compact polycarbonate trolleys designed for smoother, more informal and lighter travel, where colour becomes both language and identity. The exclusive LOGODUCK+ Sandokan capsule collection, the latest SS26 launch, also featured as the backdrop to the editorial format #lavaligiadisanremo, bright, energetic and instantly recognisable.
  • Martini animated the TV Sorrisi e Canzoni aperitif in the Chill Area of Sorrisi The Beach Club, an elegant setting within the Royal Hotel. Taking centre stage were MARTINI’s signature spritzes: Bianco Spritz, Bitter Spritz and Vibrante Spritz, the non-alcoholic twist on the classic cocktail.
  • Outside Sorrisi The Beach Club, the new Ford Puma Sound Edition was the true star, inviting visitors to enjoy a sound experience not only to be heard but felt throughout the body. The advanced 650-watt B&O audio system does more than reproduce sound: it transforms it into a deeply tactile experience. Music pulses, envelops and generates vibrations that engage the entire body. Visitors were also able to take part in engaging performances aboard the car, trying their hand at a live rendition of the iconic “Fiumi di Parole”. A highlight of the event came on 27 February, when Jalisse were special guests, bringing the occasion to life with performances aboard the car.

 

  • Colgate was also present with a glass box installation in central Sanremo dedicated to the concept “Purple is the New Instant White”: from a Korean photo booth capturing radiant smiles, to a “wheel of fortune” offering branded gadgets, and expert advice revealing the secrets to achieving an instantly whiter smile with the Colgate Max White Purple routine.

 

TV Sorrisi e Canzoni, is a Mondadori Group brand and the go-to source for television and entertainment enthusiasts, reaching 2.6 million readers each month (source: Audipress 2025/I), 4.2 million website users (source: Audiweb Jan–Oct 2025) and 1.15 million fans (source: social insights IG, FB, TikTok, X, YouTube) through a fully integrated multichannel ecosystem spanning magazine, website, social media, events and related products.

“Connessi ai Sentimenti” Focus Junior’s initiative putting young people’s feelings at the centre

A new project in partnership with Samsung to help recognise, respect and protect emotions – including in the digital world

Focus Junior, a leading brand in the kids’ sector, has launched “Connessi ai Sentimenti” in partnership with Samsung. This editorial project is aimed at lower secondary school students and teachers, encouraging reflection on emotional education and digital wellbeing.

Focus Junior’s initiativegives a voice to today’s preteens and teens, highlighting their emotions, which are often overlooked in the fast-paced world of social media and digital life.

At the heart of the project is a digital kit for emotional education, which can be downloaded directly to your phone or PC. This includes:

  • A 16-page mini digital book designed like a social media feed;
  • A printable emotional education guide, to display in classrooms;
  • Two lesson ideas for teachers to make the most of the material.

“I think adults should sometimes step back and listen without judging,” says Sarah Pozzoli, Director of Focus Junior. “We might even learn something ourselves. At home and at school, too much emphasis is placed on performance and grades, but girls and boys are, above all, people.”

Tell.it: a “social network” in a few pages

At the heart of Focus Junior‘s initiative is a 16-page mini-book called Tell.it, structured like a real social network.

It features a feed of true or realistic stories curated by Focus Junior, illustrating 13 different situations young people might face. These narratives are complemented by peer responses and insights from pedagogue Stefano Rossi offering a helpful perspective on what goes on inside a young person as they interact with friends, family, school, and the digital world.

The manifesto in “10 Digital Top Tips”

The Connessi ai Sentimenti” manifesto compiles 10 Digital Top Tips, covering what teens may not know but absolutely should:

  • “Like the stars…”: when you’re online, remember it’s like watching a movie – it eventually ends, and your real life goes on;
  • “Would you say it to their face?”: before posting on social media or in a chat, ask yourself if you would say it in person;
  • “I’m fearless…”: courage sometimes means not following trends blindly and going against the flow;
  • “Goodnight to you”: don’t seek help from your smartphone – staring at a screen before bed isn’t a good idea. Talk to a trusted adult instead;
  • “I’m social, but not on social”: if being offline is hard sometimes, invite a friend to do something together in real life;
  • “Do I really need it?”: before buying something, ask yourself if you needed it before seeing the ad;
  • “Love on social lasts forever”: if you stop checking every post, story, or comment, maybe things will resolve sooner;
  • “What harm can it do?”: you have zero control over what you share online. If in doubt, don’t send it out;
  • “No friends except virtual ones”: show interest in those around you, and they may reciprocate, helping you discover shared interests;
  • “I’ll delete it later”: think carefully before posting online. It could stay there forever.

“With this project, we aim to create concrete tools that help young people recognise, understand and express their emotions. At Samsung, we believe technology should enable positive growth, supporting not only learning but also the development of more aware, empathetic individuals ready to face future challenges,” says Anastasia Buda, Head of ESG, CSR & Internal Communication at Samsung Electronics Italy.

Two types of lessons for teachers (and parents)

Focus Junior’s digital kit also includes two lesson ideas to help teachers explore the mini-book with students, turning it into an opportunity for discussion, activities, and reflection. The content can also be used at home, supporting everyday dialogue between parents and their children, in a family environment.

An open call to action for young people

Finally, a call to action encourages students to submit their own stories anonymously to focusjunior@focusjunior.it. The most significant submissions will be selected and published by the Focus Junior editorial team.

 

Focus Junior is a multimedia platform for children aged 8 to 13, entertaining them with friendly language and a graphic style that reflects their world.

Alongside classic topics such as nature, science, and animals, the magazine covers issues specific to young people: behaviour, emotions, sports, adventure, celebrities, and technology.

Both the magazine and the website dedicate significant space to play, offering entertainment in a safe context while promoting interaction among young readers.

The new journey of Edilportale and Archiproducts within the Mondadori Group begins

Meeting in Bari, in the presence of the President of the Apulia Region Antonio Decaro, between the top management of the Mondadori Group and the management of Edilportale to share strategies and objectives for the new phase of development of the Apulian company.

The new journey of Edilportale and Archiproducts within the Mondadori Group officially gets underway through the newly established Mondadori Digital, following the acquisition finalised last January.

The Chief Executive Officer of the Mondadori Group, Antonio Porro, together with the Chief Executive Officer of Mondadori Digital , Andrea Santagata,, and a delegation of managers from the Segrate-based Group, visited the Bari headquarters of Edilportale, the company led by Chief Executive Officer Ferdinando Napoli and specialised in the development of content, digital services and platforms for brands and professionals in the Architecture, Design and Construction sectors.

The newly appointed President of the Apulia Region, Antonio Decaro, took the opportunity to inaugurate Edilportale’s headquarters, recently renovated with PIA Funds – Integrated Facilitation Programmes, and to welcome the Mondadori Group to Apulia.
“It is a source of great pride to welcome to our region such an important player as the Mondadori Group and to see it alongside one of our most virtuous companies. In recent years, the Apulian Design and Architecture sector has grown in terms of competitiveness and international ambition, also thanks to the presence of a company such as Archiproducts, which has supported the Apulian companies most ready to make the leap forward, presenting and supporting them not only digitally but also through major events and opportunities in Italy and abroad. Being here today is a way of recognising this synergy and supporting it as an Institution,” declared Antonio Decaro, President of the Apulian Region.

The meeting represented an opportunity for discussion and sharing with Edilportale’s 160 employees regarding the strategies and objectives of the path undertaken, with a look at the upcoming activities of the brands, in particular Archiproducts’ campaign ahead of the international appointment of the Salone del Mobile and the Fuorisalone, as part of Milano Design Week 2026.

“We chose Edilportale for the strength of its model, its values, its corporate culture, and for the people and professional expertise that are part of it. Thanks to its level of experience, authority and innovation, the Apulian company has become an international reference point for architects, designers and companies. Its entry into the Mondadori Group carries very strong significance for us: it fits into our strategic path in the digital sphere, pursued consistently over the years. However, we believe that in order to continue growing and to remain leaders, it is necessary to have the determination to enter new high-potential areas as well. We therefore hope that Edilportale can be an important accelerator for our future development,” declared Antonio Porro, Chief Executive Officer of the Mondadori Group.

“What took place today was the first official operational meeting between the Mondadori Group and the Edilportale team. It represents the kick-off of the expansion plan, in Italy and abroad, underlying the Archiproducts collaboration project within the assets of Mondadori Digital. A plan that will take place here in Apulia, in continuity with what has been built over the past 25 years, but with a strong boost enabled by the new industrial partner. We foresee new acquisitions and investments in digital technologies and AI. The objective is to consolidate in the coming years the ‘Digital Champion in the Architecture, Construction and Interior sector’, for which Edilportale and Archiproducts were founded,” declared Ferdinando Napoli, co-founder and CEO of Edilportale and Archiproducts.

AdKaora and YEP launch the Media Environmental Efficiency KPI: environmental impact becomes an operational metric in digital advertising

AdKaora, the digital company of Mondadori Digital, announces a strategic partnership with YEP (Your Eco Plan), a platform specialised in measuring, optimising, decarbonising, and activating environmental impact in digital advertising.

Thanks to this agreement, AdKaora integrates YEP’s Media Environmental Efficiency KPI (or Impact KPI) into its offering, adding a new level of measurement alongside traditional media KPIs. The system enables advertisers to assess how environmentally efficient a campaign is, without altering existing media buying strategies or operational workflows.

Environmental efficiency becomes part of media KPIs

Digital advertising today contributes over 3.5% of global CO₂ emissions, an impact comparable to the entire aviation sector. At the same time, growing European regulatory pressure, including the CSRD (Corporate Sustainability Reporting Directive – EU 2022/2464), is encouraging companies to consider advertising as part of their Scope 3 emissions.

In this context, there is a need to complement traditional media KPIs with new indicators capable of measuring not only performance but also the environmental efficiency of advertising delivery.

Making the impact actionable within the media

“We are pleased to collaborate with Luca Brighenti and YEP to offer our clients a timely tool that integrates environmental impact directly into media strategies, at a moment of strong and justified attention to green issues,” says Davide Tran, CEO of AdKaora and MarTech Hub Director at Mondadori Digital. “This partnership strengthens our positioning as an innovative player and allows brands to link advertising delivery to measurable and trackable environmental indicators.”

“With AdKaora, we introduce the Media Environmental Efficiency KPI directly within the agency’s offering,” states Luca Brighenti, Founder of YEP. “The goal is to make environmental efficiency a native media metric, integrated into campaign planning and evaluation, complementing traditional performance KPIs with a new operational dimension.”

How the integrated solution works

Within AdKaora’s offering, the new KPI is activated as a plug-and-play solution requiring no additional technical integrations. Through a single operational layer, the system provides:

  • Measurement of environmental efficiency: calculating the environmental intensity of advertising delivery (gCO₂ per impression, energy consumed, campaign footprint) via a carbon data platform aligned with global frameworks such as the Global Media Sustainability Framework (GMSF);
  • Optimisation of media efficiency: continuous analysis of media configurations to identify opportunities to improve environmental efficiency, with actionable recommendations integrated directly into planning strategies;
  • Decarbonisation and activation of environmental projects in Italy: for unavoidable emissions, brands can activate decarbonisation solutions via certified carbon credits and local nature-based projects (reforestation, agroforestry, marine ecosystem protection), linking media efficiency to tangible environmental outcomes;
  • Efficiency-ready reporting: YEP reporting translates delivery into clear environmental indicators — Footprint Index, Optimisation Index, and Outcome/Activation Index — which together form the Impact Score, a single metric representing the overall environmental efficiency of the campaign.