Ferretti Group has reported a 5.6% year-on-year decline in new yacht revenue for the first half of 2026, reflecting a more cautious global market despite maintaining solid profitability and one of the strongest balance sheets in the industry.
The Italian yacht builder generated €585.6 million in revenue during the first six months of the year. While the results represent a slowdown compared to 2025, the company noted that the pace of decline eased during the second quarter, with revenue falling 2.9% compared to an 8% decline in the opening quarter.
Despite lower sales, adjusted EBITDA reached €92.5 million, maintaining a healthy 15.8% margin, while net profit totaled €37.9 million, compared with €43.6 million during the same period last year.
The biggest challenge came from commercial activity. Order intake fell to €341.4 million, while the net backlog declined to €564.9 million, indicating that clients are taking longer to finalize purchasing decisions amid continued geopolitical uncertainty and a more cautious economic environment.
On a positive note, Ferretti Group significantly strengthened its financial position. As of 30 June 2026, the company reported a net cash position of €95 million, an improvement of more than €76 million compared to the end of the first quarter. The strong cash generation highlights the group’s financial resilience despite softer market conditions.
Since taking over as Group CEO in May, Stassi Anastassov has emphasized that the company’s priorities are now focused on rebuilding commercial momentum rather than addressing financial concerns. According to Anastassov, Ferretti continues to benefit from world-renowned brands, strong operational capabilities and a solid financial foundation, while adapting to longer customer decision cycles and increased competition across several yacht segments.
To support future growth, the group has already launched initiatives aimed at strengthening commercial execution, improving the owner experience, enhancing product governance and increasing organizational efficiency. These measures are intended to position the company for stronger and more sustainable growth beyond 2026.
Although Ferretti has adopted a more cautious outlook for the remainder of the year, the company remains committed to maintaining pricing discipline, protecting the quality of its order book and creating long-term value rather than pursuing short-term sales volumes.
With iconic brands including Ferretti Yachts, Riva, Pershing, Itama, Custom Line, CRN and Wally, the Group continues to be one of the world’s leading luxury yacht builders, entering the second half of 2026 with a robust financial base despite a more challenging global market.
