Brembo (BRE) Q3 2025 earnings summary

Executive summary

• Q3 2025 revenues reached €909.0 million, down 1.5% year-over-year, with a 17.8% EBITDA margin and net profit up 58.9% to €65.0 million; 9M 2025 revenues were €2,790.0 million, down 4.7% year-over-year, with EBITDA at €462.8 million and net profit at €162.8 million.

• Aftermarket segment accounted for 14.8% of group revenue in 9M 2025 and showed ongoing growth.

• Expansion of high-tech carbon-ceramic disc production and launch of first caliper made with recycled aluminium.

Financial highlights

• Q3 2025 EBITDA increased 8.2% year-over-year to €161.9 million, with margin improving to 17.8%; EBIT rose 12.4% to €93.5 million.

• 9M 2025 EBITDA declined 7.6% to €462.8 million; EBIT fell 15.3% to €255.9 million.

• Net financial debt as of September 30, 2025, was €847.2 million, down €88.3 million from June 30, 2025.

• Total capex/net investments for 9M 2025 was €291.4 million.

• Operating cash flows for Q3 2025 were €53 million.

Outlook and guidance

• FY 2025 revenues expected to be slightly below FY 2024 (down 2%), with EBITDA margin above 16%.

• Capex guidance confirmed at €400 million; net debt expected at €780 million.