Ferrari lifts 2025 Outlook After Strong Q3

Published November 4, 2025 22:38

Tim James

Tim James

Net revenues rose 7.4% to €1.766bn as total shipments held near flat at 3,401 cars. Operating profit (EBIT) grew 7.6% to €503mln with a margin of 28.4%. Net profit was €382mln with diluted EPS of €2.14. EBITDA increased 5.0% to €670mln with a margin of 37.9%. Industrial free cash flow was €365m.

Ferrari said richer mix and higher personalisation offset lower Daytona SP3 deliveries. The quarter was led by the 296 GTS, Purosangue, 12Cilindri and Roma Spider. Hybrids were 43% of shipments and ICE models were 57%.

Management lifted full-year targets after its Capital Markets Day. It cited a stronger mix and personalisation, lower industrial costs in H2 despite higher US tariffs and a stronger cash outlook.

Q3 highlights included an ongoing share buy-back, the launch of the 849 Testarossa and 849 Testarossa Spider, and a renewed partnership with CEVA Logistics. After the quarter Ferrari opened the e-Vortex test circuit, showed the production-ready chassis of its first full-electric car, outlined its 2030 plan, and signed a team partnership with BingX from 1 January 2026.

Net industrial debt fell to €116m at 30 September with liquidity of €1.968bn.

Kursiv Uzbekistan reports that Uzbekistan’s National Agency of Perspective Projects (NAPP) has registered the Central Depository of Armenia (CDA) as a participant in its regulatory sandbox, the agency announced.

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