Ferretti SPA approves the unaudited consolidated periodic financial information as of 31 March 2025

Ferretti SPA approves the unaudited consolidated periodic financial information as of 31 March 2025 © Ferretti Group

A new record-high order backlog at €1,768.6 million, up 7.6% compared to 31 March 2024 and 6.3% compared to 31 December 2024.

• Net revenue new yachts equal to €328.5 million, an increase of 5.0% when compared to Q1'24
• Adjusted EBITDA of €52.5 million, representing an increase of 8.9% when compared to Q1'24 and with a margin of 16.0%, up 60 basis points compared to 15.4% in Q1'24
• Net profit equal to €23.9 million, an increase of 7.7% when compared to Q1'24
• Order intake reached €270.6 million in Q1'25, up 1.5% compared with Q1'24
• Net backlog reached €839.6 million
• Net financial position of €54.6 million as of 31 March 2025
• Communication of 2025 guidance: net revenue new yachts expected in the range of€1,220 - €1,240 million, with an Adjusted EBITDA margin expansion between +30bps and +50bps; mid-term guidance confirmed

The Board of Directors of Ferretti S.p.A. reviewed and approved the unaudited consolidated periodic financial information as of 31 March 2025.

Mr. Alberto Galassi, the Group's Chief Executive Officer, stated: "We close the first quarter of 2025 with solid and consistently growing financial results. The order book reached a new all-time high of 1,768.6 million euros, reflecting an increase of 7.6% compared to 31 March 2024 and 6.3% compared to 31 December 2024. This performance was mainly driven by the strong increase in the last few months in demand for Made-to-measure and Super yachts, which together now account for approximately 73.0% of the total order book.

During the first three months of the year, our participation in the major international boat shows in Düsseldorf, Miami, Dubai, and Palm Beach further strengthened our presence in strategic markets, generating growing interest from yacht owners—evidence of the Group's ability to operate successfully in an evolving landscape.

These results confirm the effectiveness of a clear and focused industrial and commercial strategy, aimed at consolidating traditional markets while expanding into higher-marginality segments. We continue with determination on our growth path, investing in innovation and quality, ready to seize market opportunities and further strengthen our leadership in the luxury yachting sector."

For more information: www.ferrettigroup.com.