Ferretti Group Navigates Strong 2025, Appoints Advisor Amid KKCG Tender Offer
The Ferretti Group, a leading yacht builder, reported robust financial results for 2025, with net revenues reaching €1.2317 billion, a 5% increase compared to the €1.1768 billion recorded in 2024. This performance coincides with the appointment of Altus Capital Limited as an independent financial advisor to navigate a tender offer from KKCG Maritime.
Financial Highlights for 2025
- Net Revenues: €1.2317 billion, up 5% year-over-year. [Source: NewsDirectory3]
- Net Profit: €90.1 million, a 2.2% increase from 2024. [Source: NewsDirectory3]
- Adjusted EBITDA: €202.8 million, up 6.7%, with a margin of 16.5%, a 30 basis point improvement over the previous year. [Source: NewsDirectory3]
- Order Backlog: €1.7157 billion as of December 31, 2025, up 3.1% from the conclude of 2024. [Source: NewsDirectory3]
- Net Backlog: €828.6 million, a 4.3% increase from September 30, 2025, but a 7.9% decrease year-over-year. [Source: NewsDirectory3]
- Net Cash Position: €111 million at the end of 2025. [Source: NewsDirectory3]
KKCG Maritime Tender Offer and Altus Capital Appointment
KKCG Maritime launched a voluntary partial tender offer to acquire up to 52,132,861 shares of Ferretti S.p.A., aiming to increase its stake from 14.5% to 29.9% of the company’s share capital. [Source: KKCG]
In response, Ferretti’s Board of Directors appointed Altus Capital Limited as an independent financial advisor to assist the Independent Board Committee in evaluating the offer. The board will rely solely on Altus’s findings. [Source: Il Sole 24 Ore], [Source: NewsDirectory3]
Looking Ahead
Ferretti Group’s strong 2025 performance positions the company well as it navigates the KKCG Maritime tender offer. The appointment of Altus Capital Limited signals a commitment to a thorough and independent evaluation of the offer, ensuring the best possible outcome for shareholders.