In Ferretti Group’s half-year earnings for 2026, the yacht maker is grappling with declines amidst geopolitical tensions, with revenue, profit and order intake nursing losses.
From January 1st to June 30th, the Italian builder’s revenue totaled €586 million, a 5.6% drop from €620.4 million in H1 2025. The company delivered €37.9 million in profits, meanwhile, a decline of 13.1%.
Adjusted earnings before interest, tax, depreciation, and amortization (EBITDA) came at €92.5 million, falling 6.7% from last year’s €99.1 million. The Adjusted EBITDA margin was reported at 15.8%, indicating profitability.
Order intake slipped to €341 million, compared to €467.3 million year over year. In a geographical breakdown, the Middle East market’s order intake declined by 28.9% y2y, to €93 million. The builder attributed the fall to geopolitical instability and protracted negotiations delaying final contract signings. Europe, Ferretti’s leading market, slumped by 25.4%, to €135 million, while the AMAS slid by 48.7% to €73 million. The APAC region, on the other hand, increased by 211.7%, to €40 million.
In terms of revenue by market, the Middle East fell by 25.5% y2y, to €164 million and AMAS dropped by 0.2% to €140 million. While Europe (+0.06%, €252 million) and APAC (+206.2%, €30 million) regions experienced increases.
Ferretti Group’s net cash position increased by €76.6 million year over year, amounting to €95 million. The company says this was aided by working-capital release and lower levels of inventory.
In addition, the group has amended its full-year guidance, against the backdrop of the broader macroeconomic environment and the state of the Middle East.
“The company continues to generate healthy cash, maintains a solid financial position and benefits from excellent operational capabilities. Our priority is to rebuild commercial momentum while protecting the quality of our orderbook, our pricing discipline and the long-term value of our brands.”