FERRARI N.V.: PERIODIC REPORT ON THE BUYBACK PROGRAM

Rhea-AI Summary

Ferrari (NYSE/EXM: RACE) reported purchases under the Euro 360 million eighth tranche of its multi-year buyback program (part of ~Euro 2 billion announced July 31, 2025).

From 29/09/2025–03/10/2025 Ferrari bought 28,100 shares on Euronext Milan for €11,654,546.97 (avg price €414.7526). Since the eighth tranche announcement through 03/10/2025 the Company invested €110,784,707.84 for 270,424 EXM shares and US$33,447,541.72 (≈€28,547,995.07) for 69,609 NYSE shares.

As of 03/10/2025 Ferrari held 16,014,328 treasury shares (8.26% of issued common shares; 8.82% including special voting shares). Since 01/07/2022 the program acquired 5,351,053 shares for €1,781,902,400.26.

Positive

• Eighth tranche purchased 28,100 shares for €11.65M
• Program to date acquired 5,351,053 shares
• Total buyback spent to date: €1,781,902,400.26
• Treasury holding equals 16,014,328 shares (8.26% of issued common shares)

Negative

• Cash deployed since tranche announcement: €110,784,707.84
• Remaining to reach ~€2.0B program: approximately €218,097,599.74 (program target minus €1,781,902,400.26 spent)

Maranello (Italy), October 6, 2025 – Ferrari N.V. (NYSE/EXM: RACE) (“Ferrari” or the “Company”) informs that the Company has purchased, under the Euro 360 million share buyback program announced on July 31, 2025, as the eighth tranche of the multi-year share buyback program of approximately Euro 2 billion expected to be executed by 2026 in line with the disclosure made during the 2022 Capital Markets Day (the “Eighth Tranche”), the additional common shares - reported in aggregate form, on a daily basis - on the Euronext Milan (EXM) as follows:

Trading Date (dd/mm/yyyy)	Stock Exchange	Number of common shares purchased	Average price per share excluding fees (€)	Consideration excluding fees (€)
29/09/2025	EXM	4,400	409.6872	1,802,623.68
30/09/2025	EXM	8,200	410.4659	3,365,820.38
01/10/2025	EXM	7,900	412.0219	3,254,973.01
02/10/2025	EXM	600	423.9945	254,396.70
03/10/2025	EXM	7,000	425.2476	2,976,733.20
Total	-	28,100	414.7526	11,654,546.97

(*) translated at the European Central Bank EUR/USD exchange reference rate as of the date of each purchase
        
Since the announcement of such Eighth Tranche till October 3, 2025, the total invested consideration has been:

• Euro 110,784,707.84 for No. 270,424 common shares purchased on the EXM
• USD 33,447,541.72 (Euro 28,547,995.07*) for No. 69,609 common shares purchased on the NYSE.

As of October 3, 2025, the Company held in treasury No. 16,014,328 common shares, net of shares assigned under the Company’s equity incentive plan, corresponding to 8.26% of the total issued common shares. Including the special voting shares, the Company held in treasury 8.82% of the total issued share capital.
Since the start of the multi-year share buyback program of approximately Euro 2 billion announced during the 2022 Capital Markets Day, on July 1, 2022, until October 3, 2025, the Company has purchased a total of 5,351,053 own common shares on EXM and NYSE, including transactions for Sell to Cover, for a total consideration of Euro 1,781,902,400.26.

A comprehensive overview of the transactions carried out under the buyback program, as well as the details of the above transactions, are available on Ferrari’s corporate website under the Buyback Programs section (https://www.ferrari.com/en-EN/corporate/buyback-programs).

For further information:
Media Relations
tel.: +39 0536 949337
Email: media@ferrari.com

Attachment

• FNV BB PR 6 October 2025 ENG

FAQ

What did Ferrari (RACE) buy in the Eighth Tranche on 29/09–03/10/2025?

Ferrari bought 28,100 common shares on EXM for a total of €11,654,546.97 (average €414.7526 per share).

How much has Ferrari (RACE) spent on the buyback program since July 1, 2022?

Since 01/07/2022 Ferrari purchased 5,351,053 shares for €1,781,902,400.26.

How many treasury shares does Ferrari (RACE) hold as of 03/10/2025?

As of 03/10/2025 Ferrari held 16,014,328 common shares in treasury, equal to 8.26% of issued common shares.

How much was invested in Ferrari's eighth tranche since its announcement?

From the eighth tranche announcement to 03/10/2025 Ferrari invested €110,784,707.84 for EXM purchases and US$33,447,541.72 (≈€28,547,995.07) for NYSE purchases.

What remaining amount is needed to reach Ferrari's ~€2 billion buyback target?

Based on the disclosed total spent (€1,781,902,400.26), approximately €218,097,599.74 remains to reach the ~€2.0 billion target.

Where can investors find full buyback transaction details for Ferrari (RACE)?

A comprehensive overview and transaction details are available on Ferrari's corporate website under the Buyback Programs section.