Some thoughts about the just announced Fujifilm X-E5, and its companion the 23mm f/2.8 pancake lens. Another camera I don’t have that I will talk about.
Take the X-T5, with 40 megapixel, IBIS and everything, put it in the X-E4 form factor, with the EVF on the side like on a rangefinder camera. Add a dedicated film simulation dial, not unlike the X-M5. With X-Trans 5 sensor and X-Processor 5 (the latest) it the top of the Fujifilm image pipeline.
The aluminium machined top, like on the GFX100RF calls for a more high end camera. Sadly it’s not weather resistant.
Fujifilm “retro inspired” design has always been at the foundation of the X-series camera. And the X-E5 pushes it a bit further in the EVF with an optional “classic” display, a minimal display simulating a 7-segment LCD and a needle exposure meter. Is this distraction free or just nostalgia? Underneath the camera on the bottom there is a small button for Bluetooth that looks like the film rewind release on manual cameras. As for connectivity it can connect to the current set of Instax Link printers.
Like on the X-E4, the LCD flips up to the top, great for selfies. There is a mic jack but not headphone out unless you use the USB adapter, so this might not be the best video camera. I personally wouldn’t pick this. That doesn’t mean its not capable, just that it might be limited.
Aspect ratio and digital zoom
The X-E5 supports the following aspect ratio (crops): 3:2, 16:9, 1:1, 4:3, 5:4. Nothing special. Why not the 17:6 or the 64:25 found on the GFX100 RF? This is a disappointment. The front lever allow selecting a digital zoom, x1.5 and x2. These are also crops.
Film simulation dial
The film simulation dial is under the top plate with a little window on top to show the current setting. I believe I still have the same opinion as on the X-M5 about the Film Simulation dial. But, in FS1 to FS3, you can set Film Simulation recipes. Apparently the settings of the FS modes can be combined Custom modes, ie each custom mode has its own settings. FINALLY. Maybe can we get this as an update on the X-M5, please, please, Fujifilm?
23mm pancake
At the same time the X-E5 is announced, the 23mm f/2.8 pancake WR is announced. It’s like the 27mm pancake, but 23mm. With an equivalent 35mm field of view (in 35mm), this is the third 23mm lens in the Fujifilm XF lineup along with the f/2 and f/1.4. This one offer a very compact alternative, and I expect it will be successful among Fujifilm street shooters.
Bundle
The X-E5 comes in either a body only or in a kit with the new 23mm f/2.8 WR pancake, in August 2025. The lens alone won’t be available before December 2025. I expect scalpers to buy the kit, hard to get, and then sell the two separately at over inflated price.
In that combination, the X-E5 is like a X100VI, but for CA$90 more. The X100VI has a faster f/2 lens, built in ND filter, different flash sync, and is a little bit smaller.
Price
CA$2000 or with the lens CA$2250, while the lens alone will get to CA$560. It’s more expensive down South with the tariffs. Some say it is expensive, but it is comparable to the X-T50.
Comes on two colours: silver and black. And the lens in an assorted colour.