Ferrari N.v.: Periodic Report on the Buyback Program

Rhea-AI Summary

Ferrari (NYSE: RACE) reported purchases under the Euro 360 million tranche announced July 31, 2025, as part of a multi-year ~€2 billion buyback program through 2026. Between 06/10/2025 and 10/10/2025 Ferrari bought 101,500 shares on Euronext Milan for €38,817,498.98 (avg €382.4384). Since the tranche start through 10/10/2025 total invested consideration reached €149,602,206.82 for 371,924 EXM shares and USD 33,447,541.72 for 69,609 NYSE shares. Treasury stock stood at 16,115,828 shares (8.31% of issued shares).

Positive

• €149.60M invested in the Eighth Tranche through 10/10/2025
• 101,500 shares purchased on EXM in the reported week
• Treasury holdings at 16,115,828 shares (8.31% of issued)

Negative

• Buybacks totalling €1.8207B of ~€2.0B program (≈91% executed) reduce remaining program to ~€179.28M
• Large cash outflow of €38.82M in the week may limit near-term liquidity flexibility

News Market Reaction

-4.30%

1 alert

-4.30% News Effect

On the day this news was published, RACE declined 4.30%, reflecting a moderate negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

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

Maranello (Italy), October 13, 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) as follows:

Trading Date (dd/mm/yyyy)	Stock Exchange	Number of common shares purchased	Average price per share excluding fees (€)	Consideration excluding fees   (€)
06/10/2025	EXM	11,600	424.6431	4,925,859.96
07/10/2025	EXM	7,700	423.5091	3,261,020.07
08/10/2025	EXM	11,500	420.7963	4,839,157.45
09/10/2025	EXM	59,500	366.7410	21,821,089.50
10/10/2025	EXM	11,200	354.4975	3,970,372.00
Total	-	101,500	382.4384	38,817,498.98

(*) 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 October 10, 2025, the total invested consideration has been:

• Euro 149,602,206.82 for No. 371,924 common shares purchased on the EXM

• USD 33,447,541.72 (Euro 28,547,995.07*) for No. 69,609 common shares purchased on the NYSE.

As of October 10, 2025, the Company held in treasury No. 16,115,828 common shares, net of shares assigned under the Company’s equity incentive plan, corresponding to 8.31% of the total issued common shares. Including the special voting shares, the Company held in treasury 8.86% 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 October 10, 2025, the Company has purchased a total of 5,452,553 own common shares on EXM and NYSE, including transactions for Sell to Cover, for a total consideration of Euro 1,820,719,899.24.

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 13 October 2025 ENG

FAQ

What did Ferrari (RACE) report on October 13, 2025 about its buyback activity?

Ferrari reported purchases for the Eighth Tranche: 101,500 shares on EXM (06–10/10/2025) costing €38,817,498.98 and total tranche investment of €149,602,206.82 through 10/10/2025.

How much of Ferrari's ~€2 billion buyback program has been executed through October 10, 2025 (RACE)?

Ferrari has repurchased 5,452,553 shares for a total of €1,820,719,899.24, about 91% of the ~€2.0 billion program.

How many Ferrari (RACE) shares are held in treasury as of October 10, 2025?

As of October 10, 2025 Ferrari held 16,115,828 common shares in treasury, equal to 8.31% of issued common shares.

What was the average price per share paid by Ferrari on EXM during 06–10 October 2025?

The weighted average price for the 101,500 EXM shares in that period was approximately €382.4384 per share (excluding fees).

Does Ferrari report buybacks on both EXM and NYSE in this disclosure (RACE)?

Yes; the report details EXM purchases for the Eighth Tranche and notes NYSE purchases of 69,609 shares (USD 33,447,541.72) included in tranche totals.