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

Rhea-AI Summary

Ferrari (NYSE: RACE) reported purchases under its multi-year share buyback program first announced at the 2022 Capital Markets Day. The Eighth Tranche (announced July 31, 2025) recorded 59,050 shares bought on Euronext Milan from Oct 27–31, 2025 for a total of €20,368,428.29 (average €344.9353 per share).

Since the Eighth Tranche announcement through Oct 31, 2025, Ferrari invested €216,878,827.02 for 569,774 shares on EXM and USD 48,417,771.03 (≈€41,475,088.35) for 108,438 shares on NYSE. From July 1, 2022 to Oct 31, 2025 the company purchased 5,689,232 common shares for a total of €1,900,923,612.72. As of Oct 31, 2025 Ferrari held 16,352,507 treasury shares (8.43% of issued common shares; 8.95% including special voting shares).

Positive

• Total buybacks of €1,900,923,612.72 since July 1, 2022
• 16,352,507 treasury shares held (8.43% of common shares)
• Eighth Tranche executed: 59,050 shares for €20,368,428.29

Negative

• Buyback program nearing capacity: ~€99.08M remaining from ~€2.0B authorization

Maranello (Italy), November 3, 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 (€)
27/10/2025	EXM	11,400	351.8843	4,011,481.02
28/10/2025	EXM	14,600	346.9890	5,066,039.40
29/10/2025	EXM	13,300	340.8049	4,532,705.17
30/10/2025	EXM	10,000	337.9075	3,379,075.00
31/10/2025	EXM	9,750	346.5772	3,379,127.70
Total	-	59,050	344.9353	20,368,428.29

(*) 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 31, 2025, the total invested consideration has been:

• Euro 216,878,827.02 for No. 569,774 common shares purchased on the EXM
• USD 48,417,771.03 (Euro 41,475,088.35*) for No. 108,438 common shares purchased on the NYSE.

As of October 31, 2025, the Company held in treasury No. 16,352,507 common shares, net of shares assigned under the Company’s equity incentive plan, corresponding to 8.43% of the total issued common shares. Including the special voting shares, the Company held in treasury 8.95% 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 31, 2025, the Company has purchased a total of 5,689,232 own common shares on EXM and NYSE, including transactions for Sell to Cover, for a total consideration of Euro 1,900,923,612.72.

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 03 November 2025 ENG

FAQ

How many shares did Ferrari (RACE) repurchase in the Eighth Tranche on EXM in October 2025?

Ferrari repurchased 59,050 common shares on Euronext Milan between Oct 27–31, 2025.

How much has Ferrari (RACE) spent on its multi-year buyback program through Oct 31, 2025?

From July 1, 2022 to Oct 31, 2025 Ferrari spent €1,900,923,612.72 on buybacks.

What percentage of issued shares does Ferrari (RACE) hold in treasury as of Oct 31, 2025?

As of Oct 31, 2025 Ferrari held 16,352,507 treasury shares, equal to 8.43% of common shares (8.95% including special voting shares).

What was the average price per share for Ferrari (RACE) in the Oct 27–31, 2025 buybacks?

The reported average price per share for the Eighth Tranche was €344.9353 excluding fees.

How much authorization remains under Ferrari's ~€2 billion buyback program as of Oct 31, 2025?

Based on the disclosed total of €1,900,923,612.72, approximately €99.08 million remains from the ~€2.0 billion program.