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

Rhea-AI Summary

Ferrari (NYSE:RACE) has provided an update on its ongoing share buyback program. Under the €360 million eighth tranche announced on July 31, 2025, the company purchased additional shares between September 22-26, 2025. The purchases were made on both Euronext Milan (EXM) and NYSE.

During this period, Ferrari acquired 56,297 common shares at an average price of €406.72, totaling approximately €22.9 million. Since the eighth tranche began, Ferrari has invested €99.1 million on EXM and €28.5 million on NYSE. As of September 26, 2025, Ferrari holds 16,017,908 treasury shares, representing 8.26% of total common shares.

Positive

• Strong buyback execution with €127.6 million already invested in eighth tranche
• Demonstrates commitment to €2 billion multi-year share repurchase program
• Significant treasury position of 8.26% of total common shares shows robust capital return

Negative

• High average purchase price of €406.72 per share indicates significant capital outlay
• Large treasury position of 8.26% could limit future buyback flexibility

Maranello (Italy), September 29, 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) and on the New York Stock Exchange (NYSE) as follows:

	EXM			NYSE				Total
Trading	Number of common shares purchased	Average price per share	Consideration excluding fees	Number of common shares purchased	Average price per share	Consideration excluding fees	Consideration excluding fees	Number of common shares purchased	Average price per share	Consideration excluding fees
Date		excluding fees			excluding fees				excluding fees
(d/m/y)		(€)	(€)		($)	($)	(€)*		(€)*	(€)*
22/09/2025	10,200	403.7059	4,117,800.18	8,333	478.9444	3,991,043.69	3,387,695.17	18,533	404.9801	7,505,495.35
23/09/2025	6,000	409.3994	2,456,396.40	-	-	-	-	6,000	409.3994	2,456,396.40
24/09/2025	9,364	409.7695	3,837,081.60	-	-	-	-	9,364	409.7695	3,837,081.60
25/09/2025	13,100	406.4112	5,323,986.72	-	-	-	-	13,100	406.4112	5,323,986.72
26/09/2025	9,300	405.8284	3,774,204.12	-	-	-	-	9,300	405.8284	3,774,204.12
	47,964	406.7523	19,509,469.02	8,333	478.9444	3,991,043.69	3,387,695.17	56,297	406.7209	22,897,164.19
Total

(*) 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 September 26, 2025, the total invested consideration has been:

• Euro 99,130,160.87 for No. 242,324 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 September 26, 2025, the Company held in treasury No. 16,017,908 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 September 26, 2025, the Company has purchased a total of 5,322,953 own common shares on EXM and NYSE, including transactions for Sell to Cover, for a total consideration of Euro 1,770,247,853.29.

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 29 September 2025 ENG

FAQ

How much has Ferrari (RACE) spent on its current share buyback program?

Ferrari has spent €22.9 million between September 22-26, 2025, with total investments of €127.6 million since the eighth tranche began.

What is the total size of Ferrari's current share buyback program?

The current eighth tranche is €360 million, part of a larger €2 billion multi-year share buyback program expected to be executed by 2026.

How many shares does Ferrari hold in treasury as of September 2025?

As of September 26, 2025, Ferrari holds 16,017,908 common shares in treasury, representing 8.26% of total issued common shares.

What is the progress of Ferrari's multi-year buyback program announced in 2022?

Since the program's start on July 1, 2022, Ferrari has purchased 5,322,953 shares for a total consideration of €1.77 billion out of the approximately €2 billion program.

What was the average price Ferrari paid for shares in September 2025?

Between September 22-26, 2025, Ferrari paid an average price of €406.72 per share across both EXM and NYSE markets.