Bajaj Mobility AG Annual Financial Report 2025
Mattighofen, Austria based Bajaj Mobility AG - the new name for Pierer Mobility AG and the KTM AG holding company - has released its first set of full year financial results since its 2023-2025 'near death experience'. Against the backdrop of what it describes as a "record motorsport season" it is reporting a "successful turnaround following an intensive year of restructuring and operational stabilisation".
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| CEO Gottfried Neumeister: "as of today March 26 we had already sold more than twice as many motorcycles as in the first quarter of 2025". |
Citing a "clear turnaround in the second half of the year" following a restructuring-driven start to the 2025 financial year, the company says it now has now established a "solid foundation for profitable growth."
Business performance highlights include a strong recovery in H2 2025 retail sales, increasing by around 60 % compared to H1 and a previously referenced € 1,193m restructuring gain. In its provisional financial report released at the end of March 2026, the company says revenue was € 1.009bn on sales volume of 209,704 units with an EBITDA of € 874m, EBIT of
€ 748m and net profit of € 590m - raising its equity ratio to 24.3 % (on equity of € 385m) and "significantly" reducing net debt to € 798m.
Inventory had been reduced by 101,153 units to 147,427 vehicles (from 248,580). In motorsport terms 2025 is described as "the most successful year in the company's history" with 29 championship titles bagged.
CFO Petra Preining is quoted as stating that "2025 was a year of intensive financial reorganization. Through consistent inventory reduction, a focus on a sustainable cost structure and successful refinancing measures, we have clearly strengthened our financial base. We have created the conditions for a more profitable 2026.
"The restructuring and realignment measures initiated in 2025 included strengthening of our capital structure". KTM AG secured an unsecured loan of € 550m from an international banking consortium consisting of J.P. Morgan SE, HSBC, DBS Bank Limited and MUFG Bank Ltd - "a key milestone and strong signal of confidence from the financial markets.
"The five-year unsecured financing at exceptionally favoruable terms underlines the renewed confidence of leading financial institutions in the company's business strategy and operational strength. This replaces the existing, significantly higher-interest loan from Bajaj Auto amounting to € 450m, thereby substantially improving the group's financial stability and flexibility and creating the liquidity base for the planned growth phase."
Additionally, KTM AG secured a new factoring facility of € 150m and a working capital facility of € 50m.
At the same time, "the company sharpened its strategic focus on its core motorcycle business." Non-strategic business areas were divested - MV Agusta, KTM X-Bow and the entire bicycle segment are gone.
Their motorsport dominance has already continued into Q1 of 2026 with successes including Luciano Benavides winning the 2026 Dakar Rally for Red Bull KTM Factory Racing and Billy Bolt securing the 2026 SuperEnduro World Championship for Husqvarna Factory Racing.
For the 2026 financial year "the focus is on further improving profitability" including "focused management of the product and project portfolio as well as strengthening the international production and sales organization.
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| Adventure R |
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Adventure S The Premium Manufacturer's Warranty has been expanded with a four-year warranty now applying to all street-legal KTM and Husqvarna models from model year 2025 onwards, for the first time. |
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| Adventure EVO |
CEO Gottfried Neumeister is quoted as stating that "we have made an outstanding start to 2026. It is particularly encouraging that our new models are being received very positively by our customers. As of today [March 26, 2026] we have already sold more than twice as many motorcycles as in the first quarter of the previous year. Inventory reduction is also progressing extremely well."
The company says that "management is aware of the current geopolitical uncertainties and their potential negative impact and is continuously monitoring developments. Appropriate countermeasures are being evaluated."
