Racing Force (RFG) H1 2025 TU earnings summary

Executive summary

• Consolidated sales for H1 2025 reached €39.3 million, up 4.6% year-over-year, with Q2 revenues at €18.7 million, up 9.7% from Q2 2024, driven by product innovation and strong order intake.

• Growth expectations for the year are confirmed, with double-digit order intake and positive momentum in key product lines.

Financial highlights

• H1 2025 revenues increased by 4.6% year-over-year to €39.3 million; Q2 revenues rose 9.7% to €18.7 million.

• Sales order intake in H1 showed significant double-digit growth compared to the previous year.

Outlook and guidance

• Management expects continued positive impact from new FIA-homologated helmets and technical partnerships into H2 2025.

• The Racing Spirit project in corporate apparel is expected to sustain strong growth after exceeding 80% growth in Q2.