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 Euro 360 million eighth tranche of its approximately Euro 2 billion multi-year buyback program, the company has made significant purchases between September 15-19, 2025.

During this period, Ferrari acquired 66,210 common shares at an average price of Euro 405.7636 per share, totaling Euro 26.87 million. Since the eighth tranche announcement, the total investment has reached Euro 104.78 million for 255,636 shares across EXM and NYSE.

As of September 19, 2025, Ferrari holds 15,961,611 treasury shares, representing 8.23% of total issued common shares. Since the program's inception in July 2022, Ferrari has purchased 5,266,656 shares for a total consideration of Euro 1.75 billion.

Positive

• None.

Negative

• Substantial cash outflow of Euro 26.87 million in just one week for share repurchases
• High average purchase price of Euro 405.76 per share indicates significant premium

Maranello (Italy), September 22, 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)		(€)	(€)		($)	($)	(€)*		(€)*	(€)*
15/09/2025	11,500	407.0531	4,681,110.65	12,540	478.3569	5,998,595.53	5,098,245.39	24,040	406.7952	9,779,356.04
16/09/2025	8,000	412.0060	3,296,048.00	-	-	-	-	8,000	412.0060	3,296,048.00
17/09/2025	14,300	398.5171	5,698,794.53	-	-	-	-	14,300	398.5171	5,698,794.53
18/09/2025	4,590	404.3426	1,855,932.53	-	-	-	-	4,590	404.3426	1,855,932.53
19/09/2025	9,000	408.9261	3,680,334.90	6,280	477.5027	2,998,716.96	2,555,143.96	15,280	408.0811	6,235,478.86
	47,390	405.4066	19,212,220.61	18,820	478.0719	8,997,312.48	7,653,389.35	66,210	405.7636	26,865,609.96
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 19, 2025, the total invested consideration has been:

• Euro 79,620,691.85 for No. 194,360 common shares purchased on the EXM
• USD 29,456,498.03 (Euro 25,160,299.89 *) for No. 61,276 common shares purchased on the NYSE.

As of September 19, 2025, the Company held in treasury No. 15,961,611 common shares, net of shares assigned under the Company’s equity incentive plan, corresponding to 8.23% of the total issued common shares. Including the special voting shares, the Company held in treasury 8.80% 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 19, 2025, the Company has purchased a total of 5,266,656 own common shares on EXM and NYSE, including transactions for Sell to Cover, for a total consideration of Euro 1,747,350,689.10.

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 22 September 2025 ENG

FAQ

What is the total value of Ferrari's (RACE) current share buyback program announced in 2025?

Ferrari announced a Euro 360 million share buyback program on July 31, 2025, as the eighth tranche of a larger Euro 2 billion multi-year program running through 2026.

How many shares has Ferrari (RACE) purchased under its current buyback program?

From September 15-19, 2025, Ferrari purchased 66,210 common shares at an average price of Euro 405.7636. Since the eighth tranche began, they've acquired 255,636 shares across EXM and NYSE.

What percentage of Ferrari's (RACE) shares are held in treasury as of September 2025?

As of September 19, 2025, Ferrari held 15,961,611 treasury shares, representing 8.23% of total issued common shares, or 8.80% including special voting shares.

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

Since the multi-year program's start in July 2022, Ferrari has invested Euro 1.75 billion to purchase 5,266,656 common shares on EXM and NYSE.

What was the average price Ferrari (RACE) paid for shares in its latest buyback report?

During September 15-19, 2025, Ferrari paid an average price of Euro 405.7636 per share across all purchases on both EXM and NYSE markets.