Automobili Lamborghini has reported record revenue and deliveries in 2025, while operating income and margin declined from the prior year.

Revenue at the Volkswagen-owned luxury brand rose 3.3% to €3.2bn ($3.7bn). Deliveries reached a record 10,747 vehicles.

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With 10,747 cars delivered, Lamborghini stayed above the 10,000-unit mark for the third year in a row.

Operating income slipped to €768m from €835m in 2024. The operating margin fell to 24% from 27% a year earlier.

The company said operating income was affected by “exogenous factors”, particularly negative exchange-rate movements and the introduction of US tariffs.

Automobili Lamborghini managing director and CFO Paolo Poma said: “External factors and the volatility of the broader macroeconomic environment made 2025 a particularly challenging year.

“In this context, we have closed a positive financial and business 12 months, safeguarding our level of profitability, which positions us among the most profitable players in the global luxury sector. The results achieved confirm our objective of sustainable growth while preserving profitability.”

Lamborghini said it managed the impact through cost control and a richer mix of higher-priced vehicles.

It cited support from the Revuelto sports car and rising demand for high-margin customisation.

In 2025, 94% of delivered cars were personalised in at least one element.

CEO Stephan Winkelmann said: “2025 shows that the strength of Automobili Lamborghini lies not only in numbers, but in our ability to manage complexity.

“In a challenging global context, we continued to grow, protecting profitability and further strengthening brand value.

“Our strategy is clear: discipline, long-term vision and product centrality. This balance allows us to turn external challenges into opportunities for consolidation and to continue creating sustainable value.”

Looking ahead, Lamborghini said it will roll out further product updates during 2026. Some will be unveiled at the Goodwood Festival of Speed and Monterey Car Week.