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 of its approximately €2 billion multi-year buyback program, the company made significant purchases between August 22-29, 2025.

The company acquired 67,466 common shares at an average price of €406.55, with 55,300 shares purchased on Euronext Milan (EXM) and 12,166 shares on NYSE. The total invested consideration was approximately €27.43 million.

As of August 29, 2025, Ferrari holds 15,773,441 treasury shares, representing 8.73% of its total issued share capital. Since the program's inception in July 2022, Ferrari has purchased 5,078,486 shares for a total consideration of €1.67 billion.

Positive

• Strong execution of buyback program with €1.67 billion completed out of €2 billion target
• Significant treasury position of 8.73% of total issued share capital
• Consistent implementation of capital return strategy to shareholders

Negative

• Substantial cash outflow of €27.43 million for share repurchases in one week
• Higher average share purchase price on NYSE (€477.43) compared to EXM (€405.97)

aranello (Italy), September 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)		(€)	(€)		($)	($)	(€)*		(€)*	(€)*
22/08/2025	9,400	403.7180	3,794,949.20	-	-	-	-	9,400	403.7180	3,794,949.20
25/08/2025	9,200	402.7134	3,704,963.28	-	-	-	-	9,200	402.7134	3,704,963.28
26/08/2025	9,300	403.5335	3,752,861.55	-	-	-	-	9,300	403.5335	3,752,861.55
27/08/2025	9,000	406.0933	3,654,839.70	-	-	-	-	9,000	406.0933	3,654,839.70
28/08/2025	9,000	410.5694	3,695,124.60	6,283	477.4508	2,999,823.38	2,569,221.80	15,283	409.8898	6,264,346.40
29/08/2025	9,400	409.3066	3,847,482.04	5,883	477.4070	2,808,585.38	2,409,148.55	15,283	409.3850	6,256,630.59
	55,300	405.9714	22,450,220.37	12,166	477.4296	5,808,408.76	4,978,370.35	67,466	406.5543	27,428,590.72
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 August 29, 2025, the total invested consideration has been:

• Euro 22,450,220.37 for No. 55,300 common shares purchased on the EXM

• USD 5,808,408.76 (Euro 4,978,370.35*) for No. 12,166 common shares purchased on the NYSE.

As of August 29, 2025, the Company held in treasury No. 15,773,441 common shares equal to 8.73% of the total issued share capital including the common shares and the special voting shares, net of shares assigned under the Company’s equity incentive plan.
             

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 August 29, 2025, the Company has purchased a total of 5,078,486 own common shares on EXM and NYSE, including transactions for Sell to Cover, for a total consideration of Euro 1,669,998,288.08.

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 1 September 2025 ENG

FAQ

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

Ferrari's current multi-year share buyback program is valued at approximately €2 billion, with the eighth tranche announced on July 31, 2025, worth €360 million.

How many shares has Ferrari (RACE) repurchased since the program started?

Since the program's start in July 2022, Ferrari has purchased 5,078,486 common shares on EXM and NYSE for a total consideration of €1.67 billion.

What percentage of Ferrari's shares are held in treasury as of August 2025?

As of August 29, 2025, Ferrari holds 15,773,441 treasury shares, representing 8.73% of the total issued share capital.

How much did Ferrari spend on share buybacks between August 22-29, 2025?

Between August 22-29, 2025, Ferrari spent approximately €27.43 million to purchase 67,466 shares at an average price of €406.55 per share.

When is Ferrari's current buyback program expected to be completed?

Ferrari's current multi-year share buyback program of approximately €2 billion is expected to be executed by 2026.