Group 1 - Ferrari N.V. has announced the agenda and explanatory notes for the 2026 Annual General Meeting of Shareholders (AGM) scheduled for April 15, 2026, in Amsterdam at 9:00 a.m. CEST [1] - The AGM materials, including audited financial statements, are available on Ferrari's corporate website and can be requested in hard copy free of charge by shareholders [2] - The 2025 Annual Report and the annual report on Form 20-F are also accessible on the corporate website and through the SEC's EDGAR database [2]

Core Insights - The acquisition of Veloce Media Group for $61 million is expected to significantly enhance SEGG Media's revenue, with projections of over $20 million in revenue for 2026 [1][2][8] Revenue Expansion - The acquisition materially expands SEGG Media's top line and strengthens its international presence, transitioning into a global sports and digital media platform [2][12] - Veloce operates a diversified revenue model across five core verticals, reducing dependency on single revenue streams and creating cross-selling opportunities [3][8] Digital Media Network - Veloce's media network includes over 45 racing and gaming channels globally, generating $620,000 in revenue since the launch of its creator agency division in 2025 [4][10] - The creator agency has established partnerships with major brands such as Audi, Ferrari, and Mercedes-Benz, enhancing direct-to-consumer engagement [4][10] Quadrant Growth - Quadrant, acquired in July 2025, is a key growth driver, leveraging commercial assets and a creator network to deliver sponsorship-driven and consumer-driven revenue streams [5][12] Esports and Sustainable Motorsport - Veloce maintains a leadership position in esports and sim racing, generating $3.36 million in revenue from fee-for-service and sponsorship in 2025 [6][10] - The company has also established credentials in sustainable motorsport, with confirmed participation in the FIA Hydrogen World Cup in 2026 [7][10] Strategic Impact - The acquisition enhances SEGG Media's consolidated revenue base and supports its strategic objective of building a scalable, cash-generative international sports and digital media platform [12][17] - Management's focus for 2026 includes integrating Veloce into SEGG Media's broader ecosystem and driving margin expansion through operational integration [13][17]

Core Insights - SEGG Media has acquired a controlling interest in Veloce Media Group for $61 million, significantly enhancing its revenue streams and international presence [1][2] - The acquisition is expected to generate over $20 million in revenue for SEGG Media in 2026, driven by Veloce and its subsidiary Quadrant [2][10] Revenue Model - Veloce operates a multi-pillar revenue model across five core verticals, reducing dependency on single revenue streams and creating cross-selling opportunities [3] - In 2025, Veloce's media network generated $2.17 million in digital advertising revenue and hundreds of millions of views across its channels [4] - The creator agency division has generated $620,000 in revenue since its inception, with partnerships with major brands like Audi and Ferrari [4] Quadrant Expansion - Quadrant, acquired in July 2025, is a key growth driver, combining athlete-led brand equity and digital engagement to create diverse revenue streams [5] Leadership in Esports and Sustainable Motorsport - Veloce holds a leadership position in esports and sim racing, providing services for Formula 1 teams and operating its own professional esports events [6] - The company has established credentials in sustainable motorsport, previously operating a championship-leading Extreme E team and entering the FIA Hydrogen World Cup in 2026 [9] Financial Performance - In the second half of 2025, Veloce achieved 1 billion brand impressions and generated $2.45 million in partnership and digital revenue [7] - The company also generated $3.36 million in fee-for-service and sponsorship revenue from its development academy in 2025 [8] Strategic Impact - The acquisition of Veloce enhances SEGG Media's consolidated revenue base and supports its goal of building a scalable international sports and digital media platform [13] - Management's priorities for 2026 include expanding international sponsorship partnerships and integrating Veloce into SEGG Media's ecosystem [14][17]

Core Insights - Ferrari N.V. has published its 2025 Annual Report and filed its annual report on Form 20-F with the United States Securities and Exchange Commission, which includes financial statements for the fiscal year ended December 31, 2025 [1] - The 2025 Sustainability Statement, prepared voluntarily in accordance with the European Sustainability Reporting Standard (ESRS), is included in the 2025 Annual Report [1] Financial Information - The 2025 Annual Report and the annual report on Form 20-F are accessible under the Investors section on Ferrari's corporate website, where they can be viewed and downloaded [2] - Shareholders can request a hard copy of the audited financial statements free of charge [2] Availability - The 2025 Annual Report, which includes information regarding The Netherlands as the Home Member State, is available on Ferrari's corporate website and the SEC's EDGAR database [3]

Group 1 - Ferrari N.V. announced the publication of its 2025 Annual Report and filed its annual report on Form 20-F with the United States Securities and Exchange Commission, including financial statements for the fiscal year ended December 31, 2025 [1] - The 2025 Sustainability Statement, prepared voluntarily in accordance with the European Sustainability Reporting Standard (ESRS), is included in the 2025 Annual Report [1] - The 2025 Annual Report and Form 20-F are available for viewing and downloading on Ferrari's corporate website under the Investors section [2] Group 2 - Shareholders can request a hard copy of the 2025 Annual Report, which includes audited financial statements, free of charge [2] - The 2025 Annual Report includes information regarding The Netherlands as the Home Member State [2] - Additional information can be accessed through the company's media relations contact [2]

Sales and Shipments - Annual shipments of new cars increased from 7,255 units in 2014 to 13,663 units in 2023, with projections of 13,752 units in 2024 and 13,640 units in 2025[478]. - In 2025, approximately 84% of new cars were sold to clients who already owned at least one Ferrari, indicating strong brand loyalty[478]. - Total shipments in 2025 were 13,640 cars, a decrease of 112 units or 0.8% compared to 2024, with the 296 GTS, Purosangue, and Roma Spider being the primary drivers[530]. Financial Performance - Net revenues for 2025 were €7,146 million, an increase of €469 million or 7.0 percent compared to €6,677 million for 2024[527]. - Net revenues from cars and spare parts for 2025 were €6,005 million, an increase of €277 million or 4.8 percent compared to €5,728 million for 2024[528]. - Sponsorship, commercial, and brand revenues increased from €670 million in 2024 to €820 million in 2025, representing a growth of 22.4 percent[504]. - Operating profit (EBIT) for 2025 was €2,110 million, representing 29.5 percent of net revenues, an increase from €1,888 million or 28.3 percent in 2024[523]. - Net profit for 2025 reached €1,600 million, an increase of 4.8% from €1,526 million in 2024 and 27.3% from €1,257 million in 2023[620]. Research and Development - Capitalized development costs amounted to €421 million in 2025, €476 million in 2024, and €448 million in 2023, with capitalized costs as a percentage of total R&D decreasing from 45.8% in 2024 to 41.5% in 2025[495]. - Total research and development incurred was €1,014 million in 2025, with €593 million expensed and €421 million capitalized[496]. - Research and development costs for 2025 were €919 million, which is 12.9 percent of net revenues, compared to €894 million or 13.4 percent in 2024[523]. - The company aims to integrate hybrid and electric technologies across its product portfolio, including the launch of the Ferrari Luce, its first full electric model[490]. Costs and Expenses - Cost of sales for 2025 was €3,453 million, accounting for 48.3 percent of net revenues, compared to €3,330 million or 49.9 percent in 2024[523]. - Selling, general and administrative costs for 2025 were €642 million, an increase of €81 million or 14.5%, representing 9.0% of net revenues[545]. - Financial income for 2025 was €168 million, while financial expenses increased to €214 million, resulting in net financial expenses of €46 million[523]. Cash Flow and Investments - Cash flows from operating activities for 2025 were €2,349 million, primarily due to an increase in net profit excluding non-cash items of €217 million[581]. - Capital expenditures for the year ended December 31, 2025, totaled €1,013 million, compared to €1,064 million in 2024 and €911 million in 2023, reflecting ongoing investments in product portfolio and infrastructure[597]. - Free Cash Flow from Industrial Activities for 2025 was €1,200 million, compared to €1,100 million in 2024, indicating a growth of 9.1%[645]. Shareholder Information - Exor is the largest shareholder with a 21.33% stake, translating to approximately 32.32% voting power due to the loyalty voting mechanism[655]. - As of February 4, 2026, approximately 54.31 million Ferrari common shares, or 28.00% of the outstanding shares, were held in the United States[664]. - The Ferrari Family's right of first offer is limited to prevent them from acquiring more than 30% voting interest in common shares[673].

Financial Reporting - Ferrari N.V. filed its report under Form 20-F for the month of February 2026[2] - The report is signed by Chief Financial Officer Antonio Picca Piccon, indicating official financial disclosures[6] Performance Metrics - The press release issued on February 19, 2026, contains key financial updates and performance metrics[3]

Core Insights - Aon has expanded its partnership with Ferrari to include high-performance sailing through the Ferrari Hypersail initiative, aiming to promote innovation and resilience in competitive sports [1] - The partnership will leverage Aon's data-driven insights and Ferrari's engineering excellence to enhance decision-making in ocean racing [1] Group 1: Partnership Details - Aon will serve as the Premium Partner of Ferrari Hypersail, which is a marine initiative focused on high-performance sailing [1] - The collaboration extends from Aon's previous role as an Official Partner of the Scuderia Ferrari HP Formula One team, established in 2025 [1] - The partnership will feature brand applications on the boat, crew uniforms, and global event integrations [1] Group 2: Project Specifications - The Ferrari Hypersail project involves a 30-meter monohull prototype designed for stability and self-sufficiency, generating its own power entirely from renewable energy [1] - Key innovations include a canting keel with a foil for support during flight, complemented by a rudder and two lateral foils [1] - The boat is currently under construction in Italy and is set to launch in 2026, with sea trials to follow shortly thereafter [1] Group 3: Leadership and Vision - Giovanni Soldini, a renowned sailing pioneer, leads the initiative, bringing extensive expertise from his long-standing collaboration with Aon [1] - Aon aims to broaden its reach and engage a diverse audience, including companies, sports enthusiasts, and innovators, through this partnership [1] - Ferrari views Aon as a natural partner for this project, emphasizing the importance of performance and risk management in the initiative [1]

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Core Insights - The auction in Kissimmee generated over $460 million in sales, breaking the previous record of $260 million, indicating a significant growth in the collector car market [4][5] - Notably, the sale of a 1962 Ferrari 250 GTO for $38.5 million and the Bachmann collection of 46 Ferraris for over $120 million were standout events, but even without these, the auction still reached $300 million in sales [3][4][11] - Mecum's strategy to create a "blue ocean" for high-end auctions in Kissimmee has proven successful, allowing the company to differentiate itself from competitors [10][11] Auction Performance - The Kissimmee auction featured 4,300 cars, with an 80% sell-through rate, showcasing strong demand in the collector car market [20] - A total of 54 cars sold for over $1 million during the auction, highlighting the presence of high-value transactions [12] - The auction's success reflects a shift in the collector car hobby, with increasing interest from both collectors and investors seeking quality vehicles [16][17] Market Trends - The sale of high-value cars, such as the Enzo for $18 million, indicates a robust market for vehicles with great provenance and low mileage [13][15][16] - The presence of spirited bidding among buyers for high-end cars suggests a competitive landscape, with multiple affluent buyers interested in unique collector items [14][15] - The auction results indicate a growing trend where buyers are not just collectors but also investors looking for quality investments in the collector car space [16][17]