Ferrari HC25 Revealed as One-Off F8 Rebody

Developed by the Ferrari Design Centre under Flavio Manzoni, the HC25 follows the 296 GTB-based SC40, which recently won the 2026 Red Dot: Best of the Best award. But where the SC40 draws heavily from the F40, the HC25 looks forward, with traces of the F80 and 12Cilindri in its surfacing and lighting. For those who bemoan hybrid Ferraris and downsized V6s, it offers a glimpse of what the F8 might have become had it lived a little longer.

The most obvious visual change is the gloss black band running through the centre of the car, a treatment fast becoming a signature of the Manzoni era. Set against the matt Moonlight Grey paint, it separates the front and rear sections of the bodywork while also carrying much of the HC25’s cooling hardware. Few would call the F8 anything but pretty, but it does give plenty of its surface area over to large intake pods and cooling apertures. The central band provides an elegant solution.

The smoked glass engine cover is also integrated into the centrepiece, and a second black band features on the nose akin to the F80. Rather than encapsulating the headlights, it sits between the pair of clusters, highlighting the air channel that exits over the bonnet.

New lights have been developed specifically for the HC25, with slim lenses and vertically stacked daytime running lights – a first for a road legal Ferrari. The rears, meanwhile, could be lifted straight off the back of the new 849 Testarossa. Elsewhere the door handles now sit flush within milled aluminium blades, and Ferrari says the glasshouse has also been reduced to visually lower the shoulder line.

The lower, wider silhouette is no optical illusion. Compared with the F8 Spider, the HC25 is 147mm longer, 27mm wider and 23mm lower, despite retaining the same 2,650mm wheelbase. The tracks are wider too – by 22mm at the front and 32mm at the rear – giving the One-Off its broader, lower-set appearance while preserving the F8’s hard points. 

Inside, changes have been realised through materials rather than architecture. Ferrari has moved away from the usual heavy mix of Alcantara and exposed carbon fibre, instead using a grey technical textile with yellow graphics echoing the running lights.

One thing that hasn’t changed is the twin-turbocharged 3.9-litre V8, which produces the same 710bhp and 568lb-ft (770Nm) as it did in 2019. Performance is impressive even by modern supercar standards, with 0-62mph in 2.9 seconds, 0-124mph in 8.2 seconds and a 211mph top speed.

As with Ferrari’s other Special Projects cars, the HC25 is a single-client commission rather than a series-production model, developed over a two-year collaboration between Ferrari and the client. The finished article was handed over in a private ceremony before its public reveal, which took place at Ferrari Racing Days at the Circuit of the Americas in Austin, Texas.

Taken as a whole, the HC25 feels like one of Maranello’s more resolved designs of recent memory, arriving after a run of series-production Ferraris that have attracted admirers and detractors in equal measure. Whether it remains a literal One-Off or points towards an eventual 296 successor, only time will tell, but Ferrari does have previous, with the Roma borrowing heavily from the SP Monza.