Ferrari 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	1,411	1,687	1,122	1,389	1,344
Short-Term Investments	4.42	5.66	5.57	7.07	1.94
Trading Asset Securities	1.49	5.55	17.41	36.77	6.05
Cash & Short-Term Investments	1,417	1,698	1,145	1,433	1,352
Cash Growth	-16.59%	48.34%	-20.09%	5.96%	-0.90%
Accounts Receivable	360.34	349.18	261.38	232.41	185
Other Receivables	131.31	72.76	77.15	95.91	75.58
Receivables	491.65	421.93	338.53	328.33	260.58
Inventory	1,114	1,088	948.51	674.66	540.58
Finance Div. Loans and Leases	1,613	1,662	1,451	1,400	1,144
Finance Div. Other Current Assets	57	55	-	-	-
Prepaid Expenses	51.86	63.98	53.85	42.91	36.08
Other Current Assets	79.94	30.75	49.01	73.88	30.37
Total Current Assets	4,824	5,020	3,986	3,953	3,364
Property, Plant & Equipment	1,554	1,330	1,183	1,219	1,034
Long-Term Investments	96.44	80.82	67.67	59.53	54.51
Goodwill	785.18	785.18	785.18	785.18	785.18
Other Intangible Assets	42.67	42.78	49.8	42.92	31.03
Long-Term Deferred Tax Assets	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	9,628	9,497	8,051	7,766	6,864
Accounts Payable	841.26	945.66	930.56	902.97	797.83
Accrued Expenses	285.34	288.63	276.09	273.29	159.16
Current Portion of Long-Term Debt	12.37	459.06	-	394.63	501.34
Current Portion of Leases	31.35	26.49	16.45	15.92	14.78
Finance Div. Debt Current	669.19	649.17	514.6	422.74	-
Current Income Taxes Payable	4.95	37.87	89.27	58.56	112.91
Other Current Liabilities	144.2	214.07	144.04	146.06	145.29
Total Current Liabilities	2,097	2,649	2,007	2,255	1,749
Long-Term Debt	1,268	1,282	1,114	1,096	2,072
Finance Div. Debt Long-Term	772.82	835.83	775.4	841.26	-
Long-Term Leases	130.8	99.78	56.6	41.51	41.43
Long-Term Unearned Revenue	1,193	882.87	806.31	270.35	256.21
Pension & Post-Retirement Benefits	16.64	17.48	18	15.14	18.43
Long-Term Deferred Tax Liabilities	146.46	82.43	100.87	86.16	78.5
Other Long-Term Liabilities	89.38	105.43	102.4	558.68	436.28
Total Liabilities	5,714	5,954	4,981	5,163	4,652
Common Stock	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	-5,057	-4,582	-4,518	-4,541	-4,452
Comprehensive Income & Other	3,193	2,345	1,808	1,363	886.78
Total Common Equity	3,907	3,534	3,061	2,593	2,206
Minority Interest	7.85	9.29	9.73	9.63	5.52
Shareholders' Equity	3,915	3,543	3,071	2,602	2,211
Total Liabilities & Equity	9,628	9,497	8,051	7,766	6,864
Total Debt	2,884	3,352	2,477	2,812	2,630
Net Cash (Debt)	-1,468	-1,653	-1,332	-1,379	-1,278
Net Cash Per Share	-8.23	-9.19	-7.34	-7.53	-6.92
Filing Date Shares Outstanding	177.28	178.88	180.3	181.95	183.84
Total Common Shares Outstanding	177.28	179.04	180.42	181.95	183.84
Working Capital	2,728	2,371	1,979	1,698	1,615
Book Value Per Share	22.04	19.74	16.97	14.25	12.00
Tangible Book Value	3,079	2,706	2,226	1,765	1,390
Tangible Book Value Per Share	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

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.