STRONG PERFORMANCE IN 2025 SETS THE FOUNDATION FOR CONTINUED GROWTH IN 2026

Core Insights - Ferrari reported strong financial performance in 2025, with revenues increasing by 7% to over Euro 7.1 billion, driven by a disciplined volume strategy and solid demand across markets [3][6] - The company achieved an EBIT margin of 29.5%, up 120 basis points from the previous year, and industrial free cash flow exceeded Euro 1.5 billion, reflecting effective management of product mix and personalization [3][6] Financial Performance - For Q4 2025, net revenues reached Euro 1,802 million, a 4% increase from Q4 2024, while shipments decreased by 173 units [4] - For the full year 2025, net profit was Euro 1,600 million, with diluted EPS at Euro 8.96, marking a 6% increase compared to 2024 [4][6] - EBITDA for 2025 was Euro 2,772 million, an 8% increase year-over-year, with an EBITDA margin of 38.8% [4][6] Future Outlook - The company has set a guidance for 2026, targeting approximately Euro 7.50 billion in revenues and an EBITDA margin of 39.0%, supported by a strong product mix [6]