Despite duties and unfavorable exchange rate, Essilor Luxottica archive 2025 as a historic year, marked by results above expectations and growth across the board. Revenue, operating profit, net profit and cash flow reached record levels, supported by strong expansion in all geographies and the success of the smart glasses, of which over 7 million units were sold that year.
“In a complex economic and geopolitical context, and despite the impact of tariffs, we have achieved extraordinary results by continuing to invest in innovation – they explain Milleri and the deputy Paul du Saillant -. The success of our wearables and AI glasses confirms the strength of our iconic brands and the solidity of the group across all sectors."
Rain of purchases at the Bag of Paris: the title Essilux opened up 9,61% at 275 euros per share.
Turnover and margins growing
The group led by Milleri has reached a turnover of 28,5 billion euros, up 11,2% at constant exchange rates, with double-digit growth in North America, EMEA and Asia-Pacific. adjusted operating profit reaches 4,5 billion, with a edge of 15,7% on revenues and 16% at constant exchange rates, down 70 basis points compared to 2024 due to the combined impact of duties Americans and the greater weight of revenues from AI glasses, concentrated above all in the second half of the year.adjusted gross profit stands at 17,3 billion, equal to 60,9% of revenues, while theadjusted net profit reaches 3,2 billion, 11,1% of revenues, and group net profit remains stable at 2,3 billion.
Smart glasses: the engine of growth
The real boost comes from AI glasses, sales of which exceeded 7 million units in the year, driven by the launches of Ray-Ban Meta in September 2023 and Oakley Meta in June 2025. The second half of 2025 saw revenues nearly double compared to the first, with an 18,4% increase in the fourth quarter, demonstrating the strong acceleration generated by technological innovation.
In addition to AI glasses, growth is supported by other innovations, such as Nuance Audio, available in 12 markets and 15 stores worldwide, and from solutions for myopia management, which recorded a global expansion of 22%, with a promising start in the United States.
Record cash flow and a 2026 dividend of €4
I Cash Flows reach a record of 2,8 billion euros, 400 million more than in 2024, while net debt, including financial leasing, falls to 10,86 billion, despite investments in smart glasses and acquisitions in the med-tech sector and in ophthalmic clinics. dividend The proposed price per share will rise to €4, compared to €3,95 in 2024, with shareholders able to choose between payment in cash or newly issued shares. The ex-dividend date is May 5, 2026, while payment or the issuance of shares will take place starting June 3, 2026.
Growth and innovation in all sectors
The board of directors of Essilux has approved the new long-term outlookOver the next five years, at constant exchange rates, solid total revenue growth is expected, with adjusted operating profit essentially in line, while EssilorLuxottica will continue to lead the medtech transformation, investing in technology and medical start-ups and consolidating its global leadership. Milleri emphasizes how AI-enabled eyewear will become an integral part of the market, confirming its strategy of constant innovation.
Board of Directors Renewal: Eight Directors Expiring in Office Confirmed
In view of theassembly on April 28, tbsp will propose the renewal of all eight councilors whose terms are expiringAmong them: Romolo Bardin (Delfin), José Gonzalo (Bpi France), Virginie Mercier-Pitre, Swati Piramal, Mario Notari (Delfin), and independents Cristina Scocchia, Nathalie von Siemens, and Andrea Zappia. "We are proud of the solid results achieved, the solidity of the team we have built, and the growth and transformation path we are pursuing," stated Milleri.
