Italy-based Sanlorenzo said it met its full-year 2025 guidance across all major metrics, reporting net revenues of €960.4 million ($1.1 billion), up 3.2% from 2024. The company posted group net profit of €107.4 million ($127.3 million), a 4.2% increase year-over-year, and said results exceeded expectations in a market affected by short-term uncertainty.
“Our 2025 performance reflects the enduring strength of a brand deeply desired by connoisseurs worldwide,” executive chairman Massimo Perotti said in the earnings report. “We delivered on our guidance, achieved all financial targets and recorded a sixth consecutive quarter of growth in order intake, continuing into a strong Q4 and providing us with further confidence in the soundness of our business model and strategic vision.”
The builder reported EBITDA of €180.6 million ($214 million), up 2.4%, with an EBITDA margin of 18.8% on net revenues from new yachts. EBIT totaled €139.9 million ($166 million), up 0.4%, and the company said its profitability remained resilient despite the full-year consolidation of sailing brand Nautor Swan, acquired in 2024.
Sanlorenzo said demand strengthened during the year, with order intake totaling €943.1 million ($1.12 billion), up 16% from 2024. The company said its order backlog reached €1.96 billion ($2.32 billion) at year-end, up 0.7%, with 88% of orders secured by final clients, reflecting what it described as the strength of its scarcity-based business model.
Geographically, the company saw a strong year-over-year revenue increase in the Americas (plus-35.5%), supported by further penetration in new markets in Central America and South America, the statement said.
Sanlorenzo ended the year with a net cash position of €20.1 million ($23.8 million), compared with net debt of €14 million ($16.6 million) at the end of the third quarter, and said it generated €34.1 million ($40.4 million) in net cash during the fourth quarter.
