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Ferrari Reports 17% Profit Growth and Advances Electric Vehicle Plans

The luxury automaker confirms strong Q1 2025 results, maintains full-year guidance, and outlines its roadmap for its first electric car debuting in 2026.

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Overview

  • Ferrari's Q1 2025 net profit increased by 17% to €412 million, with revenues rising 13% to €1.79 billion.
  • Deliveries reached 3,593 units, driven by high demand for the Roma Spider and 296 GTS models.
  • The company reduced net debt significantly, from €180 million at the end of 2024 to €49 million by the end of Q1 2025.
  • Ferrari confirmed its 2025 guidance of over €7 billion in revenue and at least €2.68 billion in adjusted operating profit, despite new U.S. tariffs having no immediate impact.
  • Plans for the first electric Ferrari remain on schedule, with technology previews set for October 2025 and deliveries beginning in October 2026.