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

Rhea-AI Summary

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

Between the tranche announcement and 21 November 2025 the company invested €276,086,024.68 to buy 738,542 shares on Euronext Milan and invested USD 81,914,456.27 (translated to €70,396,861.46) to buy 190,587 shares on the NYSE, for a combined 929,129 shares and total consideration of €346,482,886.14 (translated).

Since the program start on 1 July 2022 through 21 November 2025, Ferrari purchased 5,940,149 common shares for €1,989,052,583.49. As of 21 November 2025, Ferrari held 16,603,424 treasury shares (8.56% of issued common shares; 9.05% including special voting shares).

Positive

• €1.989B of the ~€2.0B buyback program executed since July 1, 2022
• Purchased 5,940,149 own shares since program start (to Nov 21, 2025)
• Treasury holdings: 16,603,424 shares = 8.56% of issued common shares

Negative

• None.

Maranello (Italy), November 24, 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)		(€)	(€)		($)	($)	(€)*		(€)*	(€)*
17/11/2025	16,300	354.7746	5,782,825.98	11,029	407.9678	4,499,476.87	3,881,201.47	27,329	353.6180	9,664,027.45
18/11/2025	12,600	343.6019	4,329,383.94	10,069	397.2219	3,999,627.31	3,450,929.52	22,669	343.2138	7,780,313.46
19/11/2025	11,600	340.5353	3,950,209.48	7,669	391.1229	2,999,521.52	2,589,589.50	19,269	339.3948	6,539,798.98
20/11/2025	11,600	339.6902	3,940,406.32	7,775	385.8136	2,999,700.74	2,605,263.80	19,375	337.8410	6,545,670.12
21/11/2025	11,500	338.6306	3,894,251.90	-	-	-	-	11,500	338.6306	3,894,251.90
	63,600	344.2937	21,897,077.62	36,542	396.7579	14,498,326.44	12,526,984.29	100,142	343.7525	34,424,061.91
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 November 21, 2025, the total invested consideration has been:

• Euro 276,086,024.68 for No. 738,542 common shares purchased on the EXM
• USD 81,914,456.27 (Euro 70,396,861.46*) for No. 190,587 common shares purchased on the NYSE.

As of November 21, 2025, the Company held in treasury No. 16,603,424 common shares, net of shares assigned under the Company’s equity incentive plan, corresponding to 8.56% of the total issued common shares. Including the special voting shares, the Company held in treasury 9.05        % 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 November 21, 2025, the Company has purchased a total of 5,940,149 own common shares on EXM and NYSE, including transactions for Sell to Cover, for a total consideration of Euro 1,989,052,583.49.

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 24 November 2025 ENG

FAQ

How much did Ferrari (RACE) spend on the eighth buyback tranche through November 21, 2025?

Ferrari invested €276,086,024.68 on Euronext Milan and USD 81,914,456.27 (translated to €70,396,861.46) on the NYSE, totaling the tranche consideration reported to 21 November 2025.

How many shares has Ferrari (RACE) repurchased under the multi-year buyback through November 21, 2025?

Since July 1, 2022 to 21 November 2025, Ferrari repurchased 5,940,149 common shares across EXM and NYSE.

What percent of issued shares does Ferrari (RACE) hold in treasury as of November 21, 2025?

As of 21 November 2025 Ferrari held 16,603,424 treasury common shares, equal to 8.56% of issued common shares (9.05% including special voting shares).

How close is Ferrari (RACE) to completing its ~€2 billion buyback program as of November 21, 2025?

Ferrari has executed €1,989,052,583.49 of the approximately €2.0 billion program through 21 November 2025.

Where can investors find the detailed buyback transaction history for Ferrari (RACE)?

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