Ferrari Exceeds Targets with €2.1bn EBIT and Projects €7.5bn 2026 Revenue
Ferrari delivered €2.1 billion EBIT in 2025, up 12%, on €7.15 billion revenues and a 29.5% margin, with 13,640 deliveries reflecting exclusive volume management. It projects €7.5 billion revenues, 39% EBITDA margin and €1.5 billion industrial free cash flow for 2026, backed by six new model launches and €1,538 million free cash flow, up 50%.
1. Strong 2025 Financial Results
In 2025 Ferrari posted €7,146 million in revenues, achieved €2.1 billion EBIT (+12%), and maintained a 29.5% EBIT margin and 38.8% EBITDA margin. Sponsorship, commercial and brand revenues rose 22%, while 13,640 vehicle deliveries underscored robust demand in key markets.
2. Exclusive Volume Strategy and Product Pipeline
Ferrari recorded a modest 0.8% delivery decline to preserve exclusivity, complementing this with six new ICE and hybrid model launches. Personalizations accounted for roughly 20% of car revenues, and balanced geographic performance protected brand integrity in Europe and China during model transitions.
3. Robust Cash Flow and Balance Sheet
Industrial free cash flow jumped 50% to €1,538 million, and net industrial debt was just €32 million after significant dividends and share buybacks. This strong liquidity supports continued shareholder returns and strategic investments in R&D, racing, and brand initiatives.
4. Optimistic 2026 Outlook
Ferrari forecasts €7.5 billion revenues, a 39% EBITDA margin and €1.5 billion industrial free cash flow for 2026, driven by improved product mix, personalization services and ramping of new models. The upcoming Ferrari Luce electric sports car marks a milestone in the company’s electrification strategy.