Ferretti ‘overperforms’ in 2025 as revenues hit €1.2bn
Italian yacht-market Ferretti Group outperformed the market in 2025, leading the composite and made-to-measure market and registering a 5% year-over-year growth in revenue to €1.2bn ($1.4bn). Growth in topline came from company’s solid order backlog which overperformed the reference market while all four segments of the company saw broad-based growth.
“2025 has been a challenging year for the global yachting industry and in highly selective market conditions companies with industrial vision, financial discipline and strategic consistency truly stand out,” said Alberto Galassi, the group’s CEO.
“We achieved all the objectives we had set for ourselves, accurately interpreting market dynamics and, as a result, delivering outstanding performance: revenues grew faster than the reference sector and margins improved significantly.”
The company’s top revenue contributing segment was made-to-measure yachts which grew by 28.1%YoY to €495m, followed by 28.1%YoY growth in superyachts which hit €190m in revenue. On the other hand, revenues from composite yachts shrank 11.4%YoY to €486m from €548m last year.
Ferretti Group has significant revenue increase in the last decade posting a CAGR of 14.38%, lifting the revenue from €281m in 2014 to €1.2bn. In terms of market share, the company has a strong 25% share of the above 80 feet market (which includes high composite and made-to-measure) with a 9% share of the below 80 feet market (including composite).
Geographic breakdown showed significant movement in the concentration of revenue in 2025. Europe’s share in total revenue fell from 51% to 44%. On the flipside, Ferretti made inroads into the MEA market increasing their revenues from the region to €372m from €269m in 2024. This translated to 30% of their revenue coming in from the region.
Profitability remained in line with last years. Full-year net profit hit €90m – margin of 7.3% of the revenue. This was 20 basis points lower than 7.5% of the revenue in 2024 and 2023.
Surprisingly, the company saw sharp reduction in capital expenditure for the year to €89m – down €52m from €141m in 2024.
Overall, the net cash position of the group increased to €46mn, due to release of net working capital supported by the seasonal deliveries and in the new advance payments of the order intake.
Order intake for 2025 stayed flat compared to 2024 at €1.13bn – major chunk of this came during the second half of 2025. Of this, 40% is under composite yachts, 54% in the made-to-measure while superyachts and other (including Wally Sail) accounted for 6%.
Full-year made-to-measure and super yachts book-to-bill ratio (12-month rolling) hit 1.0×1, including composite segment equals to 0.9×2. Ferretti added that as of the end of the year, the ongoing negotiations for new orders amounted to €580m.
Order backlog at the end of the year rose 3.1% from 2024 levels to hit €1.7bn. Of this, nearly €613m are slated for 2026 with remainder €216m for beyond 2026. The company said this growth came as average ticket price for composite and made-to-measure yachts increased to €5.1m in 2025 versus €4.6m in 2024.
