What is Bugatti Rimac's export according to Mate Rimac?

Mate Rimac stated that Bugatti Rimac achieved around 369 million euros in exports, ranking it among Croatia's largest exporters.

Where does the largest portion of Bugatti Rimac's revenue in 2025 come from?

Of the total sales revenue of 371.1 million euros, as much as 337.995 million euros was generated in business with its own subsidiaries, of which 337.888 million with Bugatti Automobiles S.A.S. in France.

Is business with its own subsidiaries improper?

No, intercompany transactions in multinational groups are common. However, it is important to understand that the largest portion of revenue does not come from car sales to end customers, but from transactions within the group.

How has Bugatti Rimac's business performed over the last three years?

In 2023, the company had a loss of 18.8 million euros, in 2024 a loss of nearly 160 million euros, and in 2025 it achieved a net profit of 114.5 million euros.

Economy

Behind Bugatti Rimac's Spectacular Profit Stands 338 Million Euros

E.K. · Prije 1 dana | 2 min

The 2025 financial report reveals that the largest portion of Croatian Bugatti Rimac's revenue comes from transactions with its own subsidiary in France, not from direct car sales to end customers.

Summary

In 2025, Bugatti Rimac achieved 371.1 million euros in sales revenue and a net profit of 114.5 million euros.
Of the total revenue, 337.995 million euros comes from business with its own subsidiaries, mainly with Bugatti Automobiles S.A.S. in France.
Revenue from subsidiaries increased from 21.3 million euros in 2024 to nearly 338 million in 2025.
The result should not be interpreted as direct growth in car sales, but rather as revenue within its own group.

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Mate Rimac recently highlighted that Bugatti Rimac, with exports of approximately 369 million euros, ranks among Croatia's leading exporters. The 2025 financial report indeed shows remarkable performance, but the accompanying notes reveal a crucial detail without which it is difficult to correctly interpret these figures.

In 2025, Bugatti Rimac d.o.o. recorded 371.1 million euros in sales revenue, while net profit reached 114.5 million euros. However, of the total sales revenue, as much as 337.995 million euros comes from transactions with related parties, of which 337.888 million euros with Bugatti Automobiles S.A.S. in France.

Not About Selling Cars to End Customers

This is an important distinction. This is not 338 million euros from vehicle sales to end customers worldwide, but rather revenue that Croatian Bugatti Rimac generated in exchanges with companies within its group. Bugatti Automobiles in France is wholly owned by Bugatti Rimac, and it is this company that produces and sells Bugatti brand cars.

A Dramatic Turnaround in Three Years

The jump in business is particularly evident when comparing the last three years. According to publicly disclosed financial data reported by Teleskop.hr, Bugatti Rimac had revenues of 144.5 million euros and expenses of 173 million in 2023, resulting in a loss of 18.8 million euros. In 2024, revenues fell to 73.9 million, expenses rose to 271.8 million, and the loss amounted to nearly 160 million euros. By 2025, a complete reversal occurs: revenues rose to approximately 381 million euros, expenses were around 252.6 million, and net profit reached 114.5 million.

The financial notes show where the biggest change occurred: Bugatti Rimac's revenues from its own subsidiaries increased from just 21.3 million euros in 2024 to nearly 338 million in 2025.

Common Practice, but Crucial Context

This does not mean that the business is improper. Transactions between related companies in multinational groups are common practice. However, it means that Bugatti Rimac's result should not be presented solely as spectacular growth in car sales. For a full understanding of 2025, it is essential to know that the majority of the Croatian company's revenue came from business with its own French subsidiary.