Fope S.p.A. reported net revenue of €56.77 million for the first half of 2026, up €13.75 million from the same period a year earlier, representing growth of 32%.
The Vicenza-based high-end jewellery group also recorded a profit of €9.36 million for the six months ended June 30, 2026.
International markets remained central to the company’s performance, accounting for 86% of total revenue during the period. The results highlight the importance of Fope’s overseas business to its overall growth.
Overseas Markets Drive Fope’s Performance
Fope’s first-half results reflect continued revenue expansion across its international operations, with the majority of sales generated outside its domestic market.
The €56.77 million revenue figure compares with €43.02 million in the first half of 2025, an increase of €13.75 million. The company’s €9.36 million profit further underlines the strength of its performance during the period.
With overseas markets contributing the vast majority of sales, Fope continues to demonstrate the importance of its international presence to the jewellery group’s financial results.
Fope’s first-half figures show strong year-on-year revenue growth while underscoring the company’s reliance on international markets. With 86% of revenue coming from overseas sales, global demand remains a key component of the group’s performance.
The comparison with the first half of 2025 is particularly meaningful even net of the price list increases introduced for the current financial year in response to the rise in the price of gold, the company notes in a statement. The company, which has its headquarters, offices and workshop in Vicenza, has been a certified member of the Responsible Jewellery Council since 2014, an international non-profit organisation that promotes responsible, ethical, social, and environmental standards and practices with full respect for human rights. Profitability was strong, with EBITDA of €14.81 million, equivalent to 26.1% of net revenue, and a positive net financial position of €9.85 million.
“We have continued to invest in the development of new markets such as Japan and South Korea, with results fully in line with expectations,” said Diego Nardin, chief executive officer of Fope S.p.A. “The US market, a key area for our business, is not showing any signs of concern despite the introduction of new tariffs and the general climate of uncertainty. The second half of the current financial year has begun with encouraging signals: order intake is on an upward trajectory compared with the same period last year and is in line with budget forecasts.”
At Fope S.p.A., a family-owned business founded in 1929 when Umberto Cazzola – grandfather of the current chairman, also named Umberto Cazzola – opened his first goldsmith’s workshop, the company retains full control over research and technological development, the design and creation of new collections, production, logistics, and the group’s sales and marketing organisation. All corporate functions, including production, are integrated at Fope S.p.A.’s headquarters, a building constructed in 2000 and expanded over the past few years. Complementing the head office are the group’s numerous foreign subsidiaries, the most recent of which is Fope France SAS, inaugurated on August 10 in France. Based in Saint-Herblain, near Nantes, it is wholly owned by Fope S.p.A.
The other subsidiaries are Fope USA Inc., with its operational headquarters in Boca Raton (Miami), which acts as the parent company’s distributor for the American market and as an agent for the Caribbean and South America; Fope S.p.A. – DMCC Branch, opened in October 2020 and based in Dubai, which provides support and customer service on behalf of the group’s clients in Arab markets and the South-East Asian region; Fope Jewellery Ltd., based in Solihull (UK), 84% owned by Fope S.p.A., with the remaining 16% of the share capital held by the two company managers responsible for market development, which serves as the parent company’s distributor for the UK market; Fope Deutschland GmbH, a company incorporated under German law and based in Munich, wholly owned by Fope S.p.A.; and Fope Japan G.K., a company based in Tokyo, 80% owned by Fope S.p.A., with the remaining 20% of the share capital held by SwissPrime Brand. The latter acts as the distributor of the Veneto-based group’s products in the Japanese market, providing local retailers with commercial and customer care support, as well as implementing marketing and communication activities in that market.
Fope S.p.A. also holds a 20 per cent stake in Milano 1919 S.r.l., owner of the historic Antonini brand. A storied house of Italian fine jewellery, Antonini was founded in Milan, where it is still based, and produces and distributes prestigious jewellery collections featuring sophisticated, exclusive designs. The Antonini brand positions itself as a niche label, expressing a refined form of luxury through the exceptional craftsmanship that defines each of its creations.
Fope has further demonstrated its current focus on Asia with the opening, in September, of its first monobrand boutique in Hong Kong, inside the Harbour City shopping centre, and with the launch of a pop-up store in Bangkok, located in the luxury Central Embassy mall. Created in partnership with local partner Scintilla Gioielli, the temporary space will remain open until April 2027.
