FERRETTI (09638) recently announced that in September 2025, the company participated in major Mediterranean boat shows, starting with a private preview in Monaco, followed by the Cannes and Genova boat shows, and culminating in the Monaco Yacht Show. The new orders totaled €771 million for the first nine months of 2025, representing an increase of approximately 4.6% compared to €737 million for the same period ending September 30, 2024. In the third quarter of 2025, the total new orders amounted to approximately €304 million, which reflects an increase of about 36% from the same quarter in 2024, largely driven by the improved macroeconomic and geopolitical environment encouraging customers to purchase new yachts. Notably, new orders for the third quarter of 2025 do not include any superyacht orders. The cumulative orders reached €1.498 billion as of September 30, 2025, up about 12.9% from €1.326 billion on September 30, 2024, and about 3.6% higher than €1.44 billion as of June 30, 2025, illustrating exceptional growth in new orders during the third quarter of 2025. The net cumulative orders stood at €795 million as of September 30, 2025, marking an increase of approximately 4.5% from €761 million as of June 30, 2025, and about 1.9% from €780 million as of September 30, 2024. The net revenue from new yachts for the first nine months of 2025 was €887 million, an increase of approximately 2.5% from €865 million in the same period of 2024, primarily due to significant contributions from custom yachts and superyachts. The company's CEO expressed satisfaction regarding the impressive results achieved during the period, highlighting the strong new orders. They noted that the improved macroeconomic and geopolitical conditions offer more favorable circumstances for seizing opportunities effectively. The Mediterranean boat show season was particularly successful thanks to the company’s superior positioning, product mix, and brand uniqueness. Ongoing negotiations are also at an exceptionally high level, reflecting steady demand growth. Overall, the market recovery is enhancing confidence for the end of the year and the upcoming American season, which is expected to be full of potential.