Ferrari’s Ongoing Share Buyback Program Update
Maranello, Italy – Ferrari N.V. (NYSE/EXM: RACE) is thrilled to announce the recent developments in its share buyback program. The company has actively engaged in this initiative under the recently disclosed Euro 360 million tranche as part of a broader Euro 2 billion multi-year buyback program that is expected to continue until 2026. This program aligns with the strategic vision outlined by Ferrari during the 2022 Capital Markets Day.
The Eighth Tranche Overview
This eighth tranche of the buyback initiative reflects a commitment to maximizing shareholder value. The data regarding the shares acquired is meticulously organized and reported in aggregate form, showcasing the daily transactions on the Euronext Milan (EXM). Here’s a summary of the transactions conducted during this tranche:
| Trading Date | Stock Exchange | Shares Purchased | Average Price (€) | Consideration (€) |
|---|---|---|---|---|
| 20/10/2025 | EXM | 10,800 | 339.5775 | 3,667,437.00 |
| 21/10/2025 | EXM | 10,000 | 342.2811 | 3,422,811.00 |
| 22/10/2025 | EXM | 12,500 | 342.4108 | 4,280,135.00 |
| 23/10/2025 | EXM | 9,000 | 344.1467 | 3,097,320.30 |
| 24/10/2025 | EXM | 8,800 | 351.6427 | 3,094,455.76 |
| Total | - | 51,100 | 343.6822 | 17,562,159.06 |
Notably, as of the latest report, the total investment from the beginning of this tranche has reached an impressive Euro 196,510,398.73 for a total of 510,724 shares on the EXM. Additionally, transactions from the NYSE stand at USD 48,417,771.03 for 108,438 shares purchased, equivalent to Euro 41,475,088.35, showcasing the strong market confidence in Ferrari.
Record of Total Shares Held
As part of the company’s committed strategy, Ferrari held 16,293,457 common shares in treasury by October 24, 2025, which represents 8.40% of the total issued common shares. Including special voting shares, the percentage of controlled share capital rises to 8.93%.
Overall Impact of the Buyback Program
This multi-year share buyback initiative, which commenced on July 1, 2022, has successfully enabled Ferrari to procure a total of 5,630,182 of its own shares from both the EXM and NYSE, accumulating a total cost of €1,880,555,184.43. Such efforts are crucial for reinforcing the trust among investors and highlight the proactive measures taken to maintain robust financial health.
Transparency and Access to Information
Ferrari places a high premium on transparency, providing detailed insights into the transactions carried out through the buyback program. Comprehensive reports and related materials are readily accessible to shareholders and analysts on Ferrari’s official corporate website under the Buyback Programs section. This commitment underscores the brand's dedication to keeping its stakeholders informed and engaged.
Additional Insights into the Buyback Strategy
The rationale behind this extensive buyback program extends beyond mere financial metrics to reflect Ferrari's broader strategy for long-term growth and sustainability. As the automotive industry evolves with technological advancements and changing consumer preferences, such initiatives help to fortify Ferrari's market position. Every repurchased share is a testament to the company's resilience and its ongoing commitment to returning value to its shareholders.
Frequently Asked Questions
What is the purpose of Ferrari's buyback program?
The buyback program aims to increase shareholder value by reducing the total number of outstanding shares and providing a return on investment to shareholders.
How many shares were repurchased recently by Ferrari?
Recently, Ferrari repurchased 51,100 shares as part of the Eighth Tranche of their multi-year buyback program.
What is the significance of the average price per share?
The average price per share is important as it indicates the market’s valuation of the company and reflects the investment made by Ferrari in its own equity.
How much of the total share capital does Ferrari hold?
As of the last report date, Ferrari held 16,293,457 shares, amounting to 8.40% of the total issued common shares, which includes special voting shares.
Where can I find more details about the buyback program?
More details about Ferrari’s buyback program can be found on the official corporate website under the Buyback Programs section.
