Ferrari Balance Sheet

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

Millions EUR. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	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	1,802	1,411	1,687	1,122	1,389	1,344
Short-Term Investments	10.12	4.42	5.66	5.57	7.07	1.94
Trading Asset Securities	3.85	1.49	5.55	17.41	36.77	6.05
Cash & Short-Term Investments	1,816	1,417	1,698	1,145	1,433	1,352
Cash Growth	-2.90%	-16.59%	48.34%	-20.09%	5.96%	-0.90%
Accounts Receivable	378.91	360.34	349.18	261.38	232.41	185
Other Receivables	14.3	131.31	72.76	77.15	95.91	75.58
Receivables	393.2	491.65	421.93	338.53	328.33	260.58
Inventory	1,154	1,114	1,088	948.51	674.66	540.58
Finance Div. Loans and Leases	1,703	1,613	1,662	1,451	1,400	1,144
Finance Div. Other Current Assets	55	57	55	-	-	-
Prepaid Expenses	-	51.86	63.98	53.85	42.91	36.08
Other Current Assets	224.82	79.94	30.75	49.01	73.88	30.37
Total Current Assets	5,346	4,824	5,020	3,986	3,953	3,364
Property, Plant & Equipment	2,122	1,554	1,330	1,183	1,219	1,034
Long-Term Investments	98.92	96.44	80.82	67.67	59.53	54.51
Goodwill	785.18	785.18	785.18	785.18	785.18	785.18
Other Intangible Assets	1,660	42.67	42.78	49.8	42.92	31.03
Long-Term Deferred Tax Assets	226.6	226.01	236.79	217.55	203.38	168.76
Long-Term Deferred Charges	-	1,596	1,503	1,370	1,264	1,107
Other Long-Term Assets	-	503.44	499.14	391.79	238.61	318.9
Total Assets	10,238	9,628	9,497	8,051	7,766	6,864
Accounts Payable	943.35	841.26	945.66	930.56	902.97	797.83
Accrued Expenses	185.66	285.34	288.63	276.09	273.29	159.16
Current Portion of Long-Term Debt	15.59	12.37	459.06	-	394.63	501.34
Current Portion of Leases	31.19	31.35	26.49	16.45	15.92	14.78
Finance Div. Debt Current	652.43	669.19	649.17	514.6	422.74	-
Current Income Taxes Payable	84.76	4.95	37.87	89.27	58.56	112.91
Other Current Liabilities	167.91	144.2	214.07	144.04	146.06	145.29
Total Current Liabilities	2,081	2,097	2,649	2,007	2,255	1,749
Long-Term Debt	1,237	1,268	1,282	1,114	1,096	2,072
Finance Div. Debt Long-Term	862.57	772.82	835.83	775.4	841.26	-
Long-Term Leases	130.15	130.8	99.78	56.6	41.51	41.43
Long-Term Unearned Revenue	664.99	1,193	882.87	806.31	270.35	256.21
Pension & Post-Retirement Benefits	128.67	16.64	17.48	18	15.14	18.43
Long-Term Deferred Tax Liabilities	250.02	146.46	82.43	100.87	86.16	78.5
Other Long-Term Liabilities	829.66	89.38	105.43	102.4	558.68	436.28
Total Liabilities	6,184	5,714	5,954	4,981	5,163	4,652
Common Stock	2.57	2.57	2.57	2.57	2.57	2.57
Additional Paid-In Capital	-	5,769	5,769	5,769	5,769	5,769
Retained Earnings	4,017	-5,057	-4,582	-4,518	-4,541	-4,452
Comprehensive Income & Other	28.28	3,193	2,345	1,808	1,363	886.78
Total Common Equity	4,048	3,907	3,534	3,061	2,593	2,206
Minority Interest	5.78	7.85	9.29	9.73	9.63	5.52
Shareholders' Equity	4,054	3,915	3,543	3,071	2,602	2,211
Total Liabilities & Equity	10,238	9,628	9,497	8,051	7,766	6,864
Total Debt	2,929	2,884	3,352	2,477	2,812	2,630
Net Cash (Debt)	-1,113	-1,468	-1,653	-1,332	-1,379	-1,278
Net Cash Per Share	-6.25	-8.23	-9.19	-7.34	-7.53	-6.92
Filing Date Shares Outstanding	176.51	177.28	178.88	180.3	181.95	183.84
Total Common Shares Outstanding	176.51	177.28	179.04	180.42	181.95	183.84
Working Capital	3,265	2,728	2,371	1,979	1,698	1,615
Book Value Per Share	22.93	22.04	19.74	16.97	14.25	12.00
Tangible Book Value	1,603	3,079	2,706	2,226	1,765	1,390
Tangible Book Value Per Share	9.08	17.37	15.11	12.34	9.70	7.56
Land	-	158.13	152.81	151.23	131.99	50.06
Buildings	-	693.25	657.43	523.15	498.05	486.68
Machinery	-	3,681	3,350	3,206	3,071	2,767

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