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. The company has purchased additional shares under the Euro 360 million eighth tranche of its approximately Euro 2 billion multi-year buyback program running through 2026.

From September 1-5, 2025, Ferrari acquired 56,285 common shares at an average price of 420.9794 euros, investing a total of 23.69 million euros. Since the eighth tranche began, the total investment has reached 51.12 million euros for 123,751 shares across both EXM and NYSE markets.

As of September 5, 2025, Ferrari holds 15,829,726 treasury shares, representing 8.16% of total issued common shares. Including special voting shares, the treasury holding amounts to 8.75% of total issued share capital.

Positive

• Strong financial position enabling substantial 2 billion euro buyback program through 2026
• Consistent execution of share repurchases demonstrates commitment to returning value to shareholders
• Significant treasury position of 8.16% of common shares provides strategic flexibility

Negative

• Large cash allocation to buybacks may reduce funds available for operations and investments

News Market Reaction

-2.01%

1 alert

-2.01% News Effect

On the day this news was published, RACE declined 2.01%, reflecting a moderate negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

Maranello (Italy), September 8, 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)		(€)	(€)		($)	($)	(€)*		(€)*	(€)*
01/09/2025	8,500	411.9786	3,501,818.10	-	-	-	-	8,500	411.9786	3,501,818.10
02/09/2025	8,500	418.0797	3,553,677.45	3,390	488.8537	1,657,214.04	1,422,989.90	11,890	418.5591	4,976,667.35
03/09/2025	8,400	423.3304	3,555,975.36	5,065	493.5763	2,499,963.96	2,145,339.36	13,465	423.4174	5,701,314.72
04/09/2025	8,400	426.4904	3,582,519.36	4,030	495.9708	1,998,762.32	1,716,117.73	12,430	426.2781	5,298,637.09
05/09/2025	10,000	421.6391	4,216,391.00	-	-	-	-	10,000	421.6391	4,216,391.00
	43,800	420.3283	18,410,381.27	12,485	493.0669	6,155,940.33	5,284,447.00	56,285	420.9794	23,694,828.27
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 5, 2025, the total invested consideration has been:

• Euro 40,860,601.64 for No. 99,100 common shares purchased on the EXM

• USD 11,964,349.08 (Euro 10,262,817.35*) for No. 24,651 common shares purchased on the NYSE.

As of September 5, 2025, the Company held in treasury No. 15,829,726 common shares, net of shares assigned under the Company’s equity incentive plan, corresponding to 8.16% of the total issued common shares. Including the special voting shares, the Company held in treasury 8.75% 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 5, 2025, the Company has purchased a total of 5,134,771 own common shares on EXM and NYSE, including transactions for Sell to Cover, for a total consideration of Euro 1,693,693,116.35.

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).

Attachment

• FNV BB PR 8 September 2025 ENG

FAQ

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

Ferrari's current multi-year share buyback program totals approximately Euro 2 billion and is expected to be executed by 2026, as announced during the 2022 Capital Markets Day.

How many shares has Ferrari (RACE) purchased in the eighth tranche of its buyback program?

In the eighth tranche, Ferrari has purchased 123,751 shares (99,100 on EXM and 24,651 on NYSE) for a total consideration of approximately 51.12 million euros.

What is Ferrari's (RACE) current treasury share position as of September 2025?

As of September 5, 2025, Ferrari holds 15,829,726 treasury shares, representing 8.16% of total issued common shares (8.75% including special voting shares).

How much has Ferrari (RACE) spent on buybacks since the program started in July 2022?

Since the program's start on July 1, 2022, Ferrari has purchased 5,134,771 common shares for a total consideration of Euro 1.69 billion.

What is the size of the current (eighth) tranche of Ferrari's buyback program?

The eighth tranche of Ferrari's buyback program amounts to Euro 360 million, as announced on July 31, 2025.