Ferrari Group Balance Sheet

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
Cash & Equivalents	142.34	115.8	98.78	88.55	63.05
Short-Term Investments	4.47	8.95	6.65	7.52	2.01
Cash & Short-Term Investments	146.81	124.75	105.43	96.07	65.06
Cash Growth	17.69%	18.32%	9.75%	47.66%	89.02%
Accounts Receivable	80.87	76.22	91.45	94.59	99.9
Other Receivables	12.54	7.96	6.32	5.47	4.82
Receivables	93.42	84.17	97.77	100.06	104.72
Inventory	0.4	0.07	0.21	0.15	0.97
Other Current Assets	5.19	7.22	4.66	3.31	2.41
Total Current Assets	245.8	216.21	208.07	199.58	173.16
Property, Plant & Equipment	65.94	60.03	51.26	38.61	37.55
Long-Term Investments	6.14	6.12	8.92	7.71	5.65
Goodwill	2.42	2.42	2.42	2.42	2.42
Other Intangible Assets	9.34	7.59	3.48	0.47	0.55
Long-Term Deferred Tax Assets	1.46	1.03	0.98	0.95	1.06
Other Long-Term Assets	13	19.49	4.48	3.58	2.71
Total Assets	344.1	312.89	279.62	253.32	223.1
Accounts Payable	31.37	27.79	30.97	29.29	34.22
Accrued Expenses	25.41	20.51	24.01	22.63	18.08
Short-Term Debt	1.28	0.24	0.21	-	-
Current Portion of Long-Term Debt	0.19	0.53	0.68	-	-
Current Portion of Leases	12.32	11.73	9.86	5.32	5.39
Current Income Taxes Payable	4.79	-	8.72	9.54	8.63
Other Current Liabilities	3.08	8.06	2.7	11.16	8.81
Total Current Liabilities	78.44	68.87	77.13	77.95	75.13
Long-Term Debt	0.24	0.64	0.94	10.07	-
Long-Term Leases	30.88	24.61	21.17	17.7	17.27
Pension & Post-Retirement Benefits	2.69	2.54	2.42	2.13	2.13
Long-Term Deferred Tax Liabilities	2.06	2.1	1.9	1.63	1.67
Other Long-Term Liabilities	3.63	2.73	1	3.56	18.4
Total Liabilities	117.94	101.49	104.56	113.04	114.6
Common Stock	91.3	85.84	85.84	85.84	85.84
Retained Earnings	134	107.97	77.5	44.62	21.64
Comprehensive Income & Other	-11.48	5.6	0.67	1.87	1.02
Total Common Equity	213.82	199.41	164.02	132.33	108.51
Minority Interest	12.34	11.99	11.03	7.96	-
Shareholders' Equity	226.16	211.4	175.05	140.29	108.51
Total Liabilities & Equity	344.1	312.89	279.62	253.32	223.1
Total Debt	44.9	37.75	32.85	33.09	22.66
Net Cash (Debt)	101.91	86.99	72.58	62.98	42.41
Net Cash Growth	17.15%	19.86%	15.24%	48.52%	1280.62%
Net Cash Per Share	1.12	0.95	0.94	0.82	0.55
Filing Date Shares Outstanding	91.3	91.3	77.05	77.05	77.05
Total Common Shares Outstanding	91.3	77.05	77.05	77.05	77.05
Working Capital	167.36	147.34	130.94	121.64	98.03
Book Value Per Share	2.34	2.59	2.13	1.72	1.41
Tangible Book Value	202.06	189.4	158.12	129.44	105.54
Tangible Book Value Per Share	2.21	2.46	2.05	1.68	1.37
Land	0.4	6.36	6.01	6.21	5.93
Machinery	10.27	9.25	7.24	6.31	5.61
Leasehold Improvements	13.2	8.43	4.95	3.59	3.89

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