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

Rhea-AI Summary

Ferrari (NYSE: RACE) reported purchases under its multi-year share buyback program announced at the 2022 Capital Markets Day. The Eighth Tranche, part of an approximately €2.0 billion program, included purchases on Euronext Milan and the NYSE through November 28, 2025.

Since the tranche announcement, Ferrari invested €279,999,967.33 to buy 750,046 shares on EXM and USD 84,913,961.84 (≈€72,987,779.28) to buy 198,388 shares on NYSE. Total buybacks since July 1, 2022: 5,959,454 shares for €1,995,557,443.96. Treasury shares held: 16,622,729 (8.57% of issued common shares; 9.06% including special voting shares).

Positive

• Buyback program near-complete: €1,995,557,443.96 spent
• Total shares repurchased since 1/7/2022: 5,959,454
• Treasury holdings: 16,622,729 shares (8.57% common)

Negative

• Cash deployed ≈€2.0 billion since 1/7/2022 may limit other uses
• Eighth tranche required full EXM allocation: €279,999,967.33

Maranello (Italy), December 1, 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)		(€)	(€)		($)	($)	(€)*		(€)*	(€)*
24/11/2025	11,504	340.2245	3,913,942.65	-	-	-	-	11,504	340.2245	3,913,942.65
26/11/2025	-	-	-	7,801	384.5027	2,999,505.56	2,590,917.82	7,801	332.1264	2,590,917.82
	11,504	340.2245	3,913,942.65	7,801	384.5027	2,999,505.56	2,590,917.82	19,305	336.9521	6,504,860.47
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 28, 2025, the total invested consideration has been:

• Euro 279,999,967.33 for No. 750,046 common shares purchased on the EXM (equal to the full amount of the Eighth Tranche to be executed on EXM as announced on July 31, 2025)
• USD 84,913,961.84 (Euro 72,987,779.28*) for No. 198,388 common shares purchased on the NYSE.

As of November 28, 2025, the Company held in treasury No. 16,622,729 common shares, net of shares assigned under the Company’s equity incentive plan, corresponding to 8.57% of the total issued common shares. Including the special voting shares, the Company held in treasury 9.06% 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 28, 2025, the Company has purchased a total of 5,959,454 own common shares on EXM and NYSE, including transactions for Sell to Cover, for a total consideration of Euro 1,995,557,443.96.

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 1 Dicember 2025 ENG

FAQ

What did Ferrari (RACE) announce about the buyback on December 1, 2025?

Ferrari reported purchases under the Eighth Tranche of its multi-year buyback, detailing volumes, prices and consideration through November 28, 2025.

How much has Ferrari (RACE) spent on buybacks since July 1, 2022?

Ferrari has purchased 5,959,454 shares for a total consideration of €1,995,557,443.96 since July 1, 2022.

How many shares did Ferrari (RACE) buy in the Eighth Tranche on EXM and NYSE?

Eighth Tranche purchases: 750,046 shares on EXM and 198,388 shares on NYSE through November 28, 2025.

What consideration did Ferrari (RACE) pay for the Eighth Tranche purchases?

Consideration amounted to €279,999,967.33 on EXM and USD 84,913,961.84 (≈€72,987,779.28) on NYSE.

How many treasury shares does Ferrari (RACE) hold after these buybacks?

As of November 28, 2025 Ferrari held 16,622,729 common shares in treasury, equal to 8.57% of issued common shares (9.06% including special voting shares).

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

A comprehensive transaction overview is available on Ferrari's website under the Buyback Programs section.