Ferretti S.p.A. (the 「Group」) released its unaudited commercial and financial results for the nine months ended September 30, 2025. The Group participated in several major Mediterranean boat shows in September 2025, completed the full acquisition of Sea Lion (owner of the 「Wally」 brand) in July 2025, and distributed a dividend of €0.10 per share in June 2025.

The Group reported strong 9M 2025 order intake of €770.9 million, a 4.6% increase year-on-year, supported by a 36% surge in third-quarter orders compared to the prior year. In the same period, the order backlog rose to €1,497.9 million, up 12.9% year-on-year, reflecting robust demand despite the absence of new super yacht orders in the third quarter of 2025. Net backlog stood at €794.7 million, slightly higher than in both June 2025 and the same period last year.

Net revenue of new yachts grew to €887.2 million, a 2.5% increase compared to 9M 2024, driven largely by the made-to-measure and super yachts segments. Adjusted EBITDA reached €141.7 million, also up by 2.5% from the previous year, with margins remaining around 16.0%. Net profit was €61.0 million, a minor decrease of 1.9% year-on-year.

Net working capital increased to €189.5 million as of September 30, 2025, influenced by the usual seasonal patterns in the third quarter. Meanwhile, net cash stood at €65.2 million, compared to €101.6 million as of June 30, 2025, partly reflecting investment activities totaling €64.5 million for both maintaining existing operations and pursuing business expansion.

The Group reiterated its 2025 guidance, aiming for net revenue between €1,220–1,240 million (excluding pre-owned business) and an adjusted EBITDA of €201–207 million, while maintaining a goal of achieving greater than 18.5% EBITDA margin in the mid-term. The Board expressed confidence in the Group’s performance and noted that market trends in the luxury yacht industry remain resilient amid broader uncertainties.

Ferretti S.p.A. will present its results for the period via a conference call on October 23, 2025. Potential investors and shareholders are advised to exercise caution in securities dealings, taking note of the information disclosed in this announcement.