Record Revenue
Net revenues exceeded EUR 7.1 billion in FY2025, representing year-over-year growth of ~8% at constant currency (7% including FX headwinds).
Strong Profitability and Margins
EBIT surpassed EUR 2.1 billion (double-digit growth year-over-year) with an EBIT margin of 29.5% and an EBITDA margin of 38.8% for FY2025.
Industrial Free Cash Flow Surge
Industrial free cash flow exceeded EUR 1.5 billion in 2025, up roughly 50% versus the prior year, supported by increasing profitability and positive working capital dynamics.
Shareholder Remuneration and Buyback Completion
Shareholder returns totaled over EUR 1.3 billion (roughly +30% year-over-year) in dividends and repurchases, and the EUR 2 billion share buyback program was concluded one year ahead of schedule.
Successful Product and Technology Push
Launched six new sports cars in 2025 (including the flagship Ferrari Luce full-electric reveal steps and five additional ICE/hybrid models such as the Amalfi, 849 Testarossa, 296 Speciale and Speciale Aperta), demonstrating horizontal product diversification and technology neutrality.
Racing Triumphs
499P hypercar secured the 2025 FIA World Endurance Championship—Ferrari won both World Manufacturer's and Driver's titles—reinforcing brand performance and technical capability.
Strong Demand Visibility & Client Engagement
Order book provides visibility into the end of 2027; personalization remained important (~20% of cars & spare-parts revenues); museum attendance nearly 900,000 visitors, evidencing strong lifestyle engagement.
Operational and Cost Tailwinds in Q4
Q4 benefited from a lower-than-anticipated cost base, positive product mix, an R&D government grant and reduced racing expenses, allowing the company to exceed 2025 guidance.