Ferretti Group closed the first nine months of 2025 with revenue of EUR 887 million, up 2.5% on 2024, and a record backlog of EUR 1.5 billion, up 12.9%, driven by its superyacht segment (+29.5%) and made-to-measure line (+23.9%). Net profit, however, slipped slightly, from EUR 62.2 million to EUR 61 million.
Contents
- The nine-month result
- The detail the revenue growth hides
- Why the 29.5% superyacht jump matters more than revenue
- Ferretti and Sanlorenzo: two snapshots of the same year
- The backdrop: Monaco Yacht Show and superyacht demand
- FAQ
The Nine-Month Result
Ferretti Group reported its consolidated nine-month 2025 (9M 2025) results on October 23: revenue of EUR 887 million, up 2.5% on the same period in 2024.
| Metric | 9M 2025 | Change vs 9M 2024 |
|---|---|---|
| Revenue | EUR 887 million | +2.5% |
| EBITDA | EUR 142 million | +2.5% |
| Net profit | EUR 61 million | Down from EUR 62.2 million |
| Order intake | EUR 771 million | +4.6% |
| Order backlog | EUR 1.5 billion | +12.9% |
Within that backlog, two segments are growing far faster than the group average: made-to-measure is up 23.9% and the superyacht segment is up 29.5% — nearly 12 times the pace of total revenue for the period.
The Detail the Revenue Growth Hides
Not every line in the disclosure points the same direction, and it is worth flagging what a "revenue up" headline does not tell on its own: Ferretti Group's net profit slipped from EUR 62.2 million in 9M 2024 to EUR 61 million in 9M 2025, even as revenue and EBITDA each rose 2.5%. The source consulted for this article does not detail the specific cause of that gap between operating growth and the bottom line, and this article does not estimate an explanation the company itself has not disclosed.
What the numbers do confirm is that growing revenue and backlog did not, in this period, translate into growth on the final line of the income statement — a reminder that a "strong result" headline is worth reading line by line, not just at the top.
Why the 29.5% Superyacht Jump Matters More Than Revenue
Cumulative revenue growth accelerated from 1.5% at the half-year mark, reported back in July, to 2.5% over nine months — which implies the third quarter alone grew faster than the pace set in the first half. But the number that should catch the attention of anyone tracking the superyacht market sits in the backlog, not in current revenue: the group's superyacht segment is up 29.5% in outstanding orders, nearly triple the pace of the made-to-measure line and well above the 12.9% group-wide average.
That kind of gap — orders growing much faster than recognized revenue — is the same signal Voguer flagged in Sanlorenzo's own results back in September, and it reflects a structural pattern across the industry: the waiting line for a new superyacht is growing faster than production capacity can clear it, the same type of supply constraint Voguer described in the charter market in numbers — except that on the shipbuilding side, the scarce resource is the shipyard's own production line, not a marina berth.
Ferretti and Sanlorenzo: Two Snapshots of the Same Year
Placing the two largest financial disclosures of the second half side by side, even though they cover different windows:
| Builder | Period covered | Revenue | Change | Backlog / orders |
|---|---|---|---|---|
| Ferretti Group | 9 months (9M 2025) | EUR 887 million (consolidated) | +2.5% | Backlog of EUR 1.5 billion (+12.9%) |
| Sanlorenzo | 6 months (H1 2025) | EUR 454.1 million (new yachts) | +9.4% | Net backlog of EUR 985.2 million |
The two are not directly comparable — nine months against six — and the revenue metrics cover different scopes, consolidated in one case and limited to new yacht sales in the other. Even so, both disclosures tell the same underlying story: order intake and backlog growing faster than currently recognized revenue, at two of the industry's largest groups.
The Backdrop: Monaco Yacht Show and Superyacht Demand
Ferretti Group's result lands a month after the Monaco Yacht Show 2025 gathered 116 superyachts at Port Hercule — announced ahead of the show as the largest run of debuts in the event's history — and closed with 29,956 visitors and 69 yachts listed for sale totaling USD 2.9 billion. The 29.5% jump in Ferretti Group's own superyacht backlog, disclosed weeks later, reinforces the read that Monaco's showcase was not an isolated event but a snapshot of a market whose order line keeps outrunning current delivery capacity.
FAQ
How much revenue did Ferretti Group post for the first nine months of 2025? EUR 887 million, up 2.5% on the same period in 2024. EBITDA reached EUR 142 million (also +2.5%), but net profit slipped from EUR 62.2 million to EUR 61 million, according to results disclosed on October 23, 2025.
Why did net profit fall if revenue grew? The source consulted for this result does not detail the specific cause of that gap — it confirms only the figures: revenue and EBITDA each up 2.5%, and net profit down from EUR 62.2 million to EUR 61 million. This article does not estimate an explanation the company has not disclosed.
How much did Ferretti Group's order backlog grow? 12.9%, to EUR 1.5 billion, driven by the made-to-measure line (+23.9%) and, above all, by the superyacht segment, which advanced 29.5% — nearly 12 times the growth rate of total revenue for the period.
What does the 29.5% superyacht segment jump mean? It means outstanding orders specifically for superyachts are growing far faster than the group's currently recognized revenue, a sign that the waiting line for this type of vessel is lengthening faster than production can keep up.
How does Ferretti Group's result compare with Sanlorenzo's? Sanlorenzo had reported, in September, H1 2025 revenue of EUR 454.1 million (+9.4%) and a backlog of EUR 985.2 million. The periods and scopes are not identical — nine consolidated months versus six months of new-yacht revenue — but both show orders growing faster than current revenue.
Does this result connect to the Monaco Yacht Show? Indirectly. The Monaco Yacht Show 2025 gathered 116 superyachts and closed with 69 yachts for sale totaling USD 2.9 billion in September. Ferretti Group's 29.5% jump in superyacht backlog, disclosed a month later, reinforces the picture of a superyacht market that ran hot through the second half.
When did Ferretti Group disclose these results? On October 23, 2025, according to SuperYacht Times's coverage of the group's nine-month financial results.
Where can I check Ferretti Group's official figures? SuperYacht Times's coverage of Ferretti Group's 9M 2025 results presents the figures as disclosed by the company and is among the sources cited in this article.
Following the Yacht Industry's Results Season
Voguer continues tracking the 2025 financial results season across the superyacht building industry, from Ferretti Group to Sanlorenzo. For readers planning a Mediterranean superyacht charter, voguer.yachts lists options across the region; for the Brazilian coast, the voguer.com.br marketplace remains open year-round.
