Vivenda Group SpA (MIL:VVG) Retained Earnings: €-0.33 Mil (As of Dec. 2025)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

MIL:VVG Vivenda Group SpA MIL:VVG
12 GF Score
Price €0.43
! 4 Warning Signs
View Full Analysis

What is Vivenda Group SpA Retained Earnings?

Vivenda Group SpA MIL:VVG -1.38% 12 Retained Earnings is €-0.33 Mil as of Dec. 2025. GuruFocus rates MIL:VVG with a GF Score™ of 12/100. The stock has 4 warning signs investors should review.

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Vivenda Group SpA's retained earnings for the quarter that ended in Dec. 2025 was €-0.33 Mil.

Vivenda Group SpA's quarterly retained earnings declined from Dec. 2024 (€0.76 Mil) to Jun. 2025 (€-0.42 Mil) but then increased from Jun. 2025 (€-0.42 Mil) to Dec. 2025 (€-0.33 Mil).

Vivenda Group SpA's annual retained earnings increased from Dec. 2023 (€0.42 Mil) to Dec. 2024 (€0.76 Mil) but then declined from Dec. 2024 (€0.76 Mil) to Dec. 2025 (€-0.33 Mil).


Vivenda Group SpA  (MIL:VVG) Retained Earnings Explanation

Historically profitable companies sometimes have negative retained earnings. This is because they have cumulatively paid out more to shareholders than they reported in profits.

For example, in 2011, Microsoft had negative retained earnings. This does not mean the company lost more money than it made over the years. It just means it paid out more money than it earned.

If a company has negative retained earnings, investors should check the 10-year financial results. They should not assume that negative retained earnings prove a company has generally lost money in the past.

Of course, many companies with negative retained earnings have indeed lost money in the past.

Retained Earnings: Warren Buffett's Secret.

One of the most important indicators of durable competitive advantage. Net earnings can be paid out as dividends, used to buy back shares or retained for growth.

If the company loses more than it has accumulated, retained earnings is negative.

If a company isn't adding to its retained earnings, it isn't growing its net worth.

Rate of growth of retained earnings is good indicator whether it's benefiting from a competitive advantage.

Microsoft is negative because it chose to buyback stock and pay dividends.

The more earnings retained, the faster it grows and increases growth rate for future earnings.


Vivenda Group SpA Retained Earnings Historical Data

* Premium members only.

The historical data trend for Vivenda Group SpA's Retained Earnings can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Vivenda Group SpA Retained Earnings Chart

Vivenda Group SpA Annual Data
Trend Dec22 Dec23 Dec24 Dec25
Retained Earnings
0.14 0.42 0.76 -0.33

Vivenda Group SpA Semi-Annual Data
Dec22 Dec23 Jun24 Dec24 Jun25 Dec25
Retained Earnings Get a 7-Day Free Trial 0.42 0.62 0.76 -0.42 -0.33
MIL:VVG
12GF Score
Vivenda Group SpA MIL:VVG
Retained Earnings is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Vivenda Group SpA Retained Earnings Calculation

Retained Earnings is the accumulated portion of net income that is not distributed to shareholders. Because the net income was not distributed to shareholders, shareholders' equity is increased by the same amount.

Of course, if a company loses, it is called retained losses, or accumulated losses.

Frequently Asked Questions Learn more about Retained Earnings →
What does a Retained Earnings of €-0.33 Mil mean?
Vivenda Group SpA (MIL:VVG) has a Retained Earnings of €-0.33 Mil as of Dec. 2025. Retained earnings is the amount of net income not issued to shareholders. View historical data on Vivenda Group SpA and its competitors.
Is Vivenda Group SpA's Retained Earnings too high?
Vivenda Group SpA's current Retained Earnings is €-0.33 Mil. Overall, Vivenda Group SpA has a GF Score™ of 12/100, reflecting its overall financial health beyond just this single metric.
How does Vivenda Group SpA's Retained Earnings compare to APP and OMC?
Vivenda Group SpA's Retained Earnings of €-0.33 Mil can be compared against companies in the Media - Diversified industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Retained Earnings for a Media - Diversified company?
A good Retained Earnings depends on the Media - Diversified industry context. However, Retained Earnings should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Retained Earnings mean?
A high Retained Earnings can signal that a stock is expensive relative to its fundamentals. Retained earnings is the amount of net income not issued to shareholders. View historical data on Vivenda Group SpA and its competitors. Vivenda Group SpA's current Retained Earnings is €-0.33 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Vivenda Group SpA stock overvalued right now?
Vivenda Group SpA (MIL:VVG) has a current Retained Earnings of €-0.33 Mil. The current Retained Earnings is €-0.33 Mil. Vivenda Group SpA's overall GF Score™ is 12/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Retained Earnings calculated?
Retained Earnings is calculated from a company's financial statements. For Vivenda Group SpA (MIL:VVG), the current Retained Earnings is €-0.33 Mil as of Dec. 2025. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Vivenda Group SpA Business Description

Address Via di Torre Rossa no. 66, Rome, ITA, 00165
Vivenda Group SpA is a holding company. Its activity is characterized by a diversified offer of services that can be summarised in service lines: out-of-home advertising (OOH), architecture, legal and financial advertising, and real estate. The (OOH) activity consists of the management and sale of large advertising spaces used for billboards and/or installations of LED technology systems in the exposed locations. The architecture activity consists of the offer of restructuring, redevelopment, and consolidation services of the real estate and architectural heritage, both public and private, also financed entirely through OOH advertising. The legal and financial advertising activity consists of the provision of legal and financial advertising services in institutional publications.
12GF Score

Get the complete analysis for MIL:VVG

Retained Earnings is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

€0.43
Price