Ferrari Group Income Statement

Financials in millions EUR. Fiscal year is January - December.

Millions EUR. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Operating Revenue	359.37	348.76	333.04	310.35	236.22
Revenue	359.37	348.76	333.04	310.35	236.22
Revenue Growth (YoY)	3.04%	4.72%	7.31%	31.39%	43.71%
Cost of Revenue	275.48	258.42	245.25	226	171.56
Gross Profit	83.89	90.34	87.78	84.36	64.66
Selling, General & Admin	-	-	-	-	0
Other Operating Expenses	7.98	0.47	0.96	0.47	0.49
Operating Expenses	28.98	18.21	15.41	11.86	10.24
Operating Income	54.91	72.13	72.38	72.49	54.42
Interest Expense	-2.9	-1.66	-1.28	-1.11	-0.91
Interest & Investment Income	1.29	1.67	1.06	0.52	0.18
Earnings From Equity Investments	0.8	0.83	0.95	2.37	1.75
Currency Exchange Gain (Loss)	-0.83	-1.23	-0.8	0.01	-0.3
Other Non Operating Income (Expenses)	-	-	-	-	-0
EBT Excluding Unusual Items	53.27	71.74	72.3	74.28	55.14
Gain (Loss) on Sale of Investments	-	-	0.18	-0.75	-
Gain (Loss) on Sale of Assets	12.27	0.29	0.21	0.13	3.39
Other Unusual Items	-	-	-1.03	-	-
Pretax Income	66.01	72.81	72.06	74.03	58.8
Income Tax Expense	12.63	15.51	15.16	17.16	14.4
Earnings From Continuing Operations	53.37	57.3	56.9	56.87	44.4
Minority Interest in Earnings	-2.69	-1.84	-4.01	-4.11	-4.01
Net Income	50.68	55.46	52.89	52.76	40.4
Net Income to Common	50.68	55.46	52.89	52.76	40.4
Net Income Growth	-8.62%	4.87%	0.25%	30.59%	266.92%
Shares Outstanding (Basic)	91	91	77	77	77
Shares Outstanding (Diluted)	91	91	77	77	77
Shares Change (YoY)	-	18.50%	-	-	2.47%
EPS (Basic)	0.56	0.61	0.69	0.68	0.52
EPS (Diluted)	0.56	0.61	0.69	0.68	0.52
EPS Growth	-8.62%	-11.51%	0.25%	30.59%	258.07%
Free Cash Flow	70.57	54.07	57.88	64.16	27.74
Free Cash Flow Per Share	0.77	0.59	0.75	0.83	0.36
Dividend Per Share	-	0.270	-	-	-
Gross Margin	23.34%	25.90%	26.36%	27.18%	27.37%
Operating Margin	15.28%	20.68%	21.73%	23.36%	23.04%
Profit Margin	14.10%	15.90%	15.88%	17.00%	17.10%
Free Cash Flow Margin	19.64%	15.50%	17.38%	20.67%	11.74%
EBITDA	61.09	89.48	76.59	75.92	59.55
EBITDA Margin	17.00%	25.66%	23.00%	24.46%	25.21%
D&A For EBITDA	6.17	17.36	4.22	3.43	5.13
EBIT	54.91	72.13	72.38	72.49	54.42
EBIT Margin	15.28%	20.68%	21.73%	23.36%	23.04%
Effective Tax Rate	19.14%	21.30%	21.04%	23.18%	24.48%

Source: S&P Global Market Intelligence. Standard template. Financial Sources.