Financial Results
Financial performance in 2025 was characterised by volume growth and cost discipline, improving margins at every level. Group net revenues amounted to SEK 1,760 million, an increase of 24% compared to SEK 1,420 million in 2024. The primary driver was vehicle sales, which grew to SEK 1,661 million as the number of vehicles delivered rose 21.7% to a total of 56 cars. The United States was the company's largest market with 31 vehicles delivered, followed by Germany with 7 and Switzerland with 4.
Operating profit (EBIT) more than tripled to SEK 115 million, up from SEK 35 million the prior year. The operating margin rose to 6.5% from 2.5%, and the gross margin strengthened to 32.7%. According to the company, the improvement in profitability is primarily explained by higher sales volumes, efficiencies in the supply chain and production process, and greater utilisation of production capacity.
Production Milestones and Vertical Integration
During 2025, Koenigsegg consolidated its three production lines at Gripen Atelier. This is the first time in the company's history that three models have been manufactured in parallel: the Jesko on the Solan line, the Gemera on the Ludvig line, and the CC850, which during the year advanced into full production. In the final weeks of 2025, the Solan line reached a production rate equivalent to 65 cars per year.
The vertical integration strategy was developed further during the year. A new Jewelry Atelier was established for the manufacturing of high-precision metal components, such as the instrument cluster for the Gemera and the ESS shift mechanism in the CC850. A battery pack production facility opened at Valhall Park, and a production unit for the Dark Matter electric motor and the David high-voltage converter was established in Älvdalen. The company describes itself as one of the most vertically integrated companies in its sector, which since its founding in 1994 has given Koenigsegg a relative independence from external suppliers.
Product Portfolio
The Jesko is entering its final production year in 2026. During 2025, the model set a world record for 0-400-0 km/h with a time of 25.21 seconds via the Absolut Overdrive software update and newly developed Pirelli tyres, 2.6 seconds faster than the company's own previous record and half a second faster than the Rimac Nevera R. The update is now being rolled out to all Jesko customers.
Sadair's Spear was launched as a track-focused conclusion to the Jesko series in mid-2025. All 30 examples were sold before the public debut. The model is 35 kg lighter than the Jesko, features 25 additional horsepower, and improved aerodynamics. During 2025 it set lap records at Gotland Ring, Goodwood hillclimb, and Laguna Seca.
The Gemera received full EU homologation in December 2025 after passing all crash and emissions tests. The first series-production cars are in production ahead of deliveries beginning in 2026. The F10 aerodynamics package was also introduced during the year as an option with enhanced downforce and aerodynamic performance.
The CC850 received its first customer delivery on 2 July 2025 at The Aurora Concours at Norrvikens Trädgårdar. The car was delivered to collector Jan Struve and was specified in silver, the same configuration as the original CC8S that the CC850 pays tribute to. A successor with the internal codename KG15 is to be unveiled in mid-2026.
Strategic Investments and IPO Preparations
The organisation has been scaled up to meet increased production volumes, with average headcount during 2025 reaching 848 employees, up from 711 the previous year. The management team has been strengthened with three new appointments: Johan Ekdahl joined as CFO in November 2025, previously CFO of Volvo Cars; Mofid Elkemiri joined as Chief Manufacturing Officer in April 2026 with a background as CEO of Gordon Murray Automotive; and Rosmarie Söderbom joined as General Counsel in May 2026 with experience from the Volvo Car Group. Christian von Koenigsegg highlights in the report that these appointments bring the strategic and long-term perspective required ahead of a possible future stock market listing.
In October 2025, subsidiary Ghost-Fast AB acquired the remaining 50% stake in property company PEKO Fastighets AB for SEK 93 million. The property, which houses the company's entire manufacturing operation, is now a wholly owned subsidiary within the group.
Outlook
CEO Christian von Koenigsegg states in his foreword that all of the company's announced future production is already sold out. At the close of 2025, the company held an order backlog of 380 vehicles in total. With demand in the hypercar segment and a vertically integrated production model, the company believes it is well positioned for continued expansion in the years ahead.
The 2025 annual report demonstrates that Koenigsegg has converted the development investments of recent years into increased production capacity, higher margins, and a stronger financial result.
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