Italian shipyard Sanlorenzo has reported steady growth throughout 2025. In preliminary results for the year ended 31 December 2025, the yacht builder posted net revenue from new yachts of €960.4m, compared with €930.4m in 2024.
The company says 2025 growth resulted from an “acceleration in demand” across the portfolio.
Order intake for 2025 was €943.1m, an increase of 16 per cent year on year, representing a €130m uplift compared to the previous year. Sanlorenzo says this was driven by the success of new model launches, brand desirability and strengthened distribution in MED, APAC and the US. Group net profit rose to €107.4m, up 4.2 per cent year on year.
The shipyard launched multiple new models, including the flagship 74Steel superyacht, the 58 Steel, and the hybrid-electric SHE model, all of which generated immediate client interest.
This month, the shipyard launched the second unit of its 50Steel from its shipyard in La Spezia.
Q4 2025 marked the sixth consecutive quarter of year-on-year growth in order intake, with €253m new orders collected in the quarter (+10.1 per cent YoY).
The company reports a €1.96bn order book, and confirms 88 per cent of orders are secured by final clients.
The yacht division recorded €491.4m, falling 5.4 per cent year on year. A strong Q4 was up 8.2 per cent year on year, with larger units kicking into production after the shift in Q3.
The superyacht division recorded €281.5m, up 0.5 per cent year on year, with a softer Q4 (down 10 per cent), linked to production seasonality after an intense delivery season. Bluegame contributed €85.5m, down 7.4 per cent. Nautor Swan contributed €102m, with an increase of 45.1 per cent in Q4 25 compared to Q4 2024 following the brand’s integration.
A year after joining the Sanlorenzo Group, the Finnish yacht brand Nautor Swan outlined its latest development plans, including new models and expanded facilities at Cannes Yachting Festival 2025.
Massimo Perotti, executive chairman of Sanlorezno, says: “Our 2025 performance reflects the enduring strength of a brand deeply desired by connoisseurs worldwide and a vision being executed with consistency. 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.
“In a market affected by short-term external unpredictable factors, Sanlorenzo continues to distinguish itself through positioning, innovation and scarcity – anticipating the needs of current and future owners increasingly motivated by wellbeing, longevity and quality-time scarcity value. The strength of our order book reflects the privileged and intimate relationship we nurture with a growing global club of owners who recognise themselves in our philosophy.”
Sanlorenzo’s growth in 2025 was supported by strong regional performance. Revenues in the Americas rose 35.5 per cent year on year, representing 20.7 per cent of total sales, driven by deeper market penetration in Central and South America. APAC grew 5.1 per cent, reaching €94.4 million, boosted by the successful integration of the Simpson Marine distribution platform in the Asia. European revenues edged up 1.3 per cent year on year, reflecting a seasonal Q4 shift in global delivery mix favouring APAC, while the Middle East and Africa segment declined 28 per cent due to the low-number, high-value nature of the market, though Q4 saw a 100 per cent increase year on year.
Perrotti says: “Nautor Swan reached significant profitability at net income level already in the first year of consolidation. The integration phase is on track both in terms of cost synergies deployment, continuous search for efficiency and business development; we are expanding across new geographies and product lines to cover new market segments. The strengthening of our direct distribution network with Simpson Marine in APAC and Sanlorenzo Med in Europe is paying off.
“With the integration and setup phase being completed respectively, all the commercial and financial benefits lie ahead of us. These are not acts of expansion for their own sake, but tactful investments to enrich our portfolio and increase our proximity to clients in key markets, while achieving a more balanced mix towards underpenetrated, high-potential geographies.
“We enter 2026 with a promising start, guided by our commitment to continuously advance yachting, inspiring and elevating our customer experience.”
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