Ferrari completed the eighth tranche of its multi‑year share‑buyback program on November 7, 2025, repurchasing 5,754,392 common shares for a total consideration of €1.923 billion. The transaction was announced on November 10, 2025, and the company’s periodic report confirms the purchase dates and amounts. The eighth tranche was announced on July 31, 2025, and the repurchases were executed over the following months, reflecting the program’s flexible pacing in response to market conditions.
After the repurchase, Ferrari holds 16,417,667 common shares in treasury, representing 8.47 % of the company’s issued common shares. When special voting shares are included, treasury holdings amount to 8.98 % of the total issued share capital. These figures underscore the scale of the buyback relative to Ferrari’s equity base and demonstrate the company’s commitment to returning capital to shareholders while maintaining a robust balance sheet.
The €2 billion buyback program, launched on July 1, 2022, has now reached roughly 90 % of its target, with cumulative repurchases totaling 5.75 million shares and €1.92 billion in consideration. The eighth tranche alone accounts for about 70 % of the total shares repurchased to date, indicating that the program’s pace has accelerated in recent months. This acceleration aligns with Ferrari’s strong cash‑flow generation, which has allowed the company to fund both shareholder returns and strategic investments in electrification and product development.
The completion of the eighth tranche lifts earnings per share by reducing the share count, while the program’s structure preserves flexibility for future repurchases. Ferrari’s management views the buyback as a disciplined capital‑allocation tool that balances the need to invest in next‑generation models—such as the all‑electric Elettrica slated for 2026—with the desire to reward shareholders. CEO Benedetto Vigna highlighted the company’s “consistent execution” and strong financial performance, noting that the buyback reflects confidence in Ferrari’s ability to generate excess cash while pursuing electrification and new technologies.
Ferrari’s financial results for the third quarter of 2025, which preceded the buyback announcement, showed net revenues of €1.766 billion and a net profit of €382 million. The company raised its full‑year 2025 guidance, signaling optimism about demand and cost control. The buyback, therefore, complements the company’s broader strategy of maintaining profitability, supporting shareholder value, and investing in future growth.
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