Thank everyone for being connected to this call. The idea is just to debrief the publication of this morning, the turnover of Racing Force Group, so I will leave the floor to Roberto and Paolo.
Thank you, Chetan Khulbe. Good morning, everyone. I'm Paolo Delprato, I'm Racing Force Group Chairman and CEO. And together with me there is Roberto Ferroggiaro, our Group Chief Financial Officer. Today we are going to introduce you the 2025 sales data. So the year was a very positive year for Racing Force Group, where we reached the all-time sales record once again. We closed the year with EUR 31.1 million in sales, that is +11.4% compared to 2024. In the last five years we reached an average yearly growth of 16.8%, that is 13.4% if we look at the last 10 years. During all these years since 2014 we grew every year apart 2020 due to the pandemic. We grew with all our products and we grew everywhere in the world, so the growth is not connected with a specific product or a specific region.
I leave the floor to Roberto to give you more insight about the data.
Thank you, Paolo. We're going to review revenues across the key analytical dimension, which usually form the basis of our standard reporting framework, starting from product categories. So in 2025, sales for drivers' equipment increased by EUR 6.7 million, +13.8% compared to prior year. In Q4 we reached a growth of EUR 2.4 million equal to +22.4%. This growth was driven by both racing suits and other racewear under the OMP brand, and also by Bell helmets, supported by the success of the new models homologated in accordance with the most recent safety standards, namely FIA 8859 in force since January 2025 and Snell 2025 since October. Car parts revenues declined by EUR 0.6 million -4.4%, mainly due to the delays in the production programs of some major racing car manufacturers. All the programs have recently been confirmed, so we expect to regain these revenues in the coming periods.
The other segment recorded strong growth in 2025 equal to EUR 1.4 million (+30.6%) compared to prior year, thanks to sales of Racing Spirit branded apparel (+22.1%), to the contribution of the joint venture Zeronoise Communication Services for EUR 0.5 million, and to the first deliveries of HPS branded helmets to the Ministry of Justice of the Netherlands in Q4 2025 for EUR 0.5 million. In terms of geographical areas, the group further strengthened its leadership position in the EMEA macro-region, with sales growing for EUR 6.3 million (+14.6%) in the 12 months, and EUR 2.8 million (+29.3%) in Q4. Net of the revenues generated by Zeronoise Communication Services, the growth in EMEA was 13.4% over the year and 28.2% in Q4.
This growth was supported particularly by the progressive increase in sales of Bell helmets homologated under the new FIA standards, which came into force at the beginning of the year. Indeed, Americas' 2025 revenues amounted to EUR 16.5 million, up by EUR 1.3 million compared to 2024. 8.4% increase at current exchange rates, which is a 12.5% increase at constant exchange rates. This growth was driven by sales of OMP branded driver equipments and the contribution of Bell helmets as well, particularly following the entry into force of the new style homologation standards from October. In Q4, the revenues in the EMEA region recorded a growth of 13.2%, which is a +21.9% at constant exchange rates. In Asia-Pacific, sales in the fiscal year amounted to EUR 7.5 million, slightly down compared to 2024, -1.2%.
This result is the combination on one hand of a widespread growth in the region's main countries, particularly a double-digit growth in China and Japan, which was supported by the positive contribution of all macro product categories, and on the other hand, a different purchasing schedule by a major dealer in Australia, with delivery postponed to Q1 2026. With regard to sales channels, revenues generated by dealers during 2025 amounted to EUR 41.9 million, up by EUR 2.5 million (+6.5%) compared to prior year, thanks to the strong increase in the fourth quarter, especially equal to EUR 2.4 million (+30.5%) compared to Q4 2024. Dealers continue to represent the main sales channel for the group, accounting for 57% of total sales.
During the year, sales to teams and car manufacturers increased by EUR 1.7 million +9.9%, supported by technical partnership agreements in place in the main world championships and national competitions. Sales to customers classified in the other category recorded a growth of EUR 3.2 million +34.4% over the 12 months, and EUR 0.6 million +21.5% in the fourth quarter, mainly thanks to the increase in revenues related to Racing Spirit branded products to corporate customers, to the contribution of Zeronoise Communication Services recorded in Q3, and the first deliveries of Riot helmets to the Ministry of Justice of the Netherlands in Q4 2025.
Thank you, Roberto. So a quick outlook to 2026. We closed the year with 2025 with a strong level of orders, with a double-digit growth. We started 2026 with a strong level of orders, also in this case a double-digit growth. So we have good expectations in terms of sales for 2026. The level of orders that we reached in 2025 as well as in January 2026 gives us the feeling that we can reach this level of sales. 2026 will be also the year where we see an important growth in the U.S.. We grew in 2025, but we think there is a lot of space to grow again in the US. As well as in 2026 will be the year for the comprehension of the Milipol project.
We have a very important test in February for Riot helmet, and the last final test, as well as we have scheduled an important test for Gladiator in March. So our expectation is to have the certification for Riot within spring this year, as well as certification for Gladiator in early autumn in 2026. With the comprehension of these two projects, all our Milipol projects will be completed, and we can finally start selling these products. In the meantime, in February, we are going to be at the World Defense Show in Riyadh, Saudi Arabia, in the coming days. This is the first time we go to this very important trade show for the GCC area, where we are going to present all our Milipol helmets, so Riot, Gladiator, as well as LIFT, so the helmet for the U.S. Air Force.
And at the same time, at the end of February, we are going to be at the Enforce Tac in Nuremberg, in Germany, as we did last year. These two trade shows are very important for us because they give us the feeling about the reaction of the market towards all our products, all our projects. We have scheduled for March, on March 25, our board of directors for the approval of 2025 financial statement, and we have planned a management call the following day to comment on the results of the year. As well as, we have scheduled for April 22, the Q1 2026 sales that we expect with the growth. So I think we have completed our presentation. I don't know if there are some questions.
Maybe I will start with two quick ones. The first one on the U.S.. So as you mentioned, you should witness an important growth there in 2026. Just to have more color on it, on your current order book, is it mainly driven by Bell and helmets, or do you still see an important growth with the OMP brand as you had in 2025? And the second one, just on the Driver's Eye, if we can have a quick update on it. Do you have the same number of competition this year? Do you expect a growth there? Just a quick update on it.
About the first question, the answer is that we collected orders both for Bell and OMP. So we have a double-digit growth. If we look at the last month, we had a double-digit growth for both brands. So we are growing both with Bell and OMP. About the second question, about the Driver's Eye, you know that last year we had only a few events with IndyCar in the U.S.. But we were able to define a complete program with Fox Sports to have the Driver's Eye during all the races for IndyCar. So we are going to increase our presence for all the races with IndyCar, as well as obviously Formula One and Formula E are confirmed, and we are speaking with other championships interested in our solution, as well as we are speaking with some teams that are interested in our technology for their marketing activities.
I think there is a question from Stefano.
Yeah. Good afternoon. Thank you. I have two questions. The first one is if you have an idea or a feeling of what has been the performance of the market in your most important market. So when compared to your double-digit growth, which I believe, I don't know, is probably an overperformance, but what is your impression or your opinion on the market trend in 2025? So if it was a small decline, small growth, or other. And the second question is you anticipated a positive trend in orders in 2026. And if you can comment a little on the price policy you have entering in 2026, and also if there are some relevant trends on the cost side.
At the end, my question is trying to understand if there are indications from your price policy and the relevant costs in terms of profitability in 2026, or what should be the profitability in 2026, at least at the level of gross margin. Thank you.
About the first question, the feeling, you know that there aren't official numbers about motorsport safety equipment market, but the feeling we have is that there was a likely growth of the market during 2025, thanks to the huge marketing activities done from F1 and also other championships. So the market is growing a little bit. For sure, we were able to have a much higher growth, so we increased for sure our market share everywhere in the world because, as we saw, we grew everywhere in the world. About the second question, the price policy of Racing Force Group is always the same. So you know that every year, at the end of the year, we go out with the price list of the products where we move eventually the cost increase we have to the price. So in 2025, approximately, the price increase was around 2%-3%.
It's always difficult to say exactly which is the right number because we have a lot of new products. We had a lot of new products in 2025, and we have a lot of new products for 2026. It's difficult to compare with the previous products. But in general, we can say that we have usually an average price increase of 2%-3%. And so this is the effect of the pricing policy. In terms of cost, we didn't have a significant cost increase in raw materials. So 2026, it was a little bit in this sense, it was a little bit better compared to 2025.
Okay. Thank you very much.
I think Domenico has a question.
Yes. Good afternoon. Maybe a question on, so you had several homologation standard changes over the last, say, 15 months, probably. So I'm trying to understand from your experience what is the cycle related to these changes, or how long can they last on the traction? At some point, you are seeing the traction starting to fade. And so how can you, say, try to phase out, to phase, sorry, the contribution of the new standards? And then I had a curiosity about the open-face helmets, so the performance that you had, and if you are happy with the penetration that you're having.
About the first question, it depends on which kind of products. So, for example, for the helmet, we had the new FIA safety standard starting January 2025. With the FIA, there isn't an exact timing to have a new standard. But usually, for my experience, not before five or seven years. So we keep this safety standard for some years. For Snell in the U.S., it's a little bit different. In this case, there is an exact timing. We started with October 2025 with the new standard, and then we are going to have a new standard after five years. This is for the helmet. For the suits, historically, it's very difficult to have a new standard for the suits. FIA changed it in 2018. The previous one was like 15, 20 years before. So we don't expect a new safety standard for racewear in general.
We can expect some small modification, but nothing relevant. For seats, another important product, FIA introduced a new standard some years ago, making it mandatory for important categories starting January 2027. During this year, you were able to use both the standards, the old one and the new one, but starting 2027, for some specific categories, it's mandatory to use the new standard. This will help to sell more seats starting 2027. Also, in this case, I don't see in the coming years a new safety standard, as well as for seatbelts, because the new standard was introduced some years ago, if I remember correctly, in 2017 or 2016. But it's very difficult to see a new standard for seatbelts. FIA, they are working on some new standards for some specific products, specific applications. I give you an example.
For example, for seats for rally raid, like Dakar, they are introducing some specific standard for this kind of product. And obviously, this will help the most structured companies to supply this kind of products. So for sure, it will help us to gain some market shares towards the small competitors. About the open-face helmet, the second question, in 2025, the open-face helmets were practically flat at the end, a very, very small increase. We are not worried about this. It depends. It's like a cycle. So as I said, we are not worried about this. We are increasing our market share in WRC. We started, for example, this year with a much higher level of number of drivers using our product. More drivers using our product in WRC means more advertising for our products.
We won a lot of championships with our helmet and our intercom system last year. It's a question of time only.
Thank you.
I don't know if there are some other questions. I don't see anyone else. Thank you, everyone. Thank you for attending, and thank you, everyone. See you next time.
Thank you very much, guys.