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Sep 30
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Ferrari Q3 2025 Earnings Report
Ferrari reported strong performance in Q3 2025 with increased revenues, operating income, and net profit, driven by a richer product mix and higher personalizations.
Key Takeaways
Ferrari posted a solid Q3 2025 with €1.77 billion in revenue and €382 million in net profit, supported by robust demand for hybrid models and an enriched product mix.
Total revenue reached €1.77 billion, a 7.4% increase from Q3 2024
Net income rose to €382 million, with diluted EPS of €2.14
Total shipments were 3,401 units, driven by strong performance in EMEA and Rest of APAC
Industrial free cash flow stood at €365 million, reflecting strong profitability and working capital management
Ferrari
Ferrari
Ferrari Revenue by Segment
Revenue by Segment
Cars and spare parts Revenue
CapyFin.comSponsorship & brand Revenue
CapyFin.comOther Revenue
CapyFin.com Forward Guidance
Ferrari raised its FY2025 guidance, now expecting net revenues of at least €7.1 billion and industrial free cash flow of at least €1.3 billion, supported by strong product mix and personalization demand.
Positive Outlook
- Upgraded FY2025 net revenue forecast to ≥ €7.1B
- Higher free cash flow guidance to ≥ €1.3B
- Improved product mix with new hybrid models
- Lower industrial costs expected in H2 2025
- Positive reception of the Ferrari Elettrica electric platform
Challenges Ahead
- Higher US import tariffs affecting margin
- FX headwinds from weaker USD
- Lower deliveries of the Daytona SP3
- Higher SG&A from brand investments and racing
- Slight net financial charges increase due to FX impact