Racing Force (RFG) Q4 2025 TU earnings summary

Executive summary

• Achieved record FY 2025 sales of €73.1 million, up 11.4% year-over-year, and record Q4 sales of €17.9 million, up 20.9% year-over-year.

• Maintained consistent annual growth over the past decade, except for 2020 due to the pandemic.

• Strong order intake in Q4 and throughout 2025, supporting continued growth momentum.

• Completion of a multi-year investment plan, enhancing global production and innovation capabilities.

• Growth was broad-based across all products and global regions.

Financial highlights

• FY 2025 revenues increased by €7.5 million (+11.4%) year-over-year; Q4 2025 revenues rose by €3.1 million (+20.9%).

• At constant exchange rates, Q4 growth was 23.0% and FY growth was 12.3%.

• Five-year average annual growth rate was 16.8%; ten-year average was 13.4%.

• Driver's Equipment sales grew by €6.7 million (+13.8%) in FY 2025, with Q4 up 22.4%.

• Car Parts revenues declined by €0.6 million (-4.4%) due to production delays.

Outlook and guidance

• Entered 2026 with a strong order book, showing double-digit growth in orders.

• Expect continued sales growth in 2026, especially in the U.S. market.

• Anticipates further strengthening of leadership in motorsport and accelerated diversification into defense and law enforcement sectors.

• Anticipate completion and certification of Milipol projects (Riot and Gladiator helmets) in 2026.

• Scheduled participation in major trade shows to support product launches.