Ferrari Group Income Statement

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

Millions EUR. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun '25 Jun 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Operating Revenue	355.25	348.76	333.04	310.35	236.22	161.34
Other Revenue	-	-	-	-	-	3.04
Revenue	355.25	348.76	333.04	310.35	236.22	164.37
Revenue Growth (YoY)	3.15%	4.72%	7.31%	31.39%	43.71%	-
Cost of Revenue	269.83	258.42	245.25	226	171.56	137.09
Gross Profit	85.43	90.34	87.78	84.36	64.66	27.29
Selling, General & Admin	-	-	-	-	0	-
Other Operating Expenses	8.75	0.47	0.96	0.47	0.49	2.39
Operating Expenses	28.53	18.21	15.41	11.86	10.24	11.19
Operating Income	56.9	72.13	72.38	72.49	54.42	16.09
Interest Expense	-1.49	-1.66	-1.28	-1.11	-0.91	-0.88
Interest & Investment Income	1.54	1.66	1.06	0.52	0.18	0.13
Earnings From Equity Investments	0.6	0.83	0.95	2.37	1.75	1.78
Currency Exchange Gain (Loss)	-0.94	-1.23	-0.8	0.01	-0.3	-0.7
Other Non Operating Income (Expenses)	-	-	-	-	-0	0.15
EBT Excluding Unusual Items	56.6	71.73	72.3	74.28	55.14	16.59
Gain (Loss) on Sale of Investments	0.01	0.01	0.18	-0.75	-	-
Gain (Loss) on Sale of Assets	0.38	0.29	0.21	0.13	3.39	0.15
Asset Writedown	-	-	-	-	-	-1.4
Other Unusual Items	-	-	-1.03	-	-	-
Pretax Income	57.6	72.81	72.06	74.03	58.8	15.53
Income Tax Expense	15.35	15.51	15.16	17.16	14.4	3.05
Earnings From Continuing Operations	42.25	57.3	56.9	56.87	44.4	12.47
Minority Interest in Earnings	-1.87	-1.84	-4.01	-4.11	-4.01	-1.46
Net Income	40.38	55.46	52.89	52.76	40.4	11.01
Net Income to Common	40.38	55.46	52.89	52.76	40.4	11.01
Net Income Growth	-27.11%	4.87%	0.25%	30.59%	266.92%	-
Shares Outstanding (Basic)	77	77	77	77	77	75
Shares Outstanding (Diluted)	77	77	77	77	77	75
Shares Change (YoY)	-8.47%	-	-	-	2.47%	-
EPS (Basic)	0.52	0.72	0.69	0.68	0.52	0.15
EPS (Diluted)	0.52	0.72	0.69	0.68	0.52	0.15
EPS Growth	-20.37%	4.87%	0.25%	30.59%	258.07%	-
Free Cash Flow	57.39	54.07	57.88	64.16	27.74	-
Free Cash Flow Per Share	0.74	0.70	0.75	0.83	0.36	-
Dividend Per Share	0.270	0.270	-	-	-	-
Gross Margin	24.05%	25.90%	26.36%	27.18%	27.37%	16.60%
Operating Margin	16.02%	20.68%	21.73%	23.36%	23.04%	9.79%
Profit Margin	11.37%	15.90%	15.88%	17.00%	17.10%	6.70%
Free Cash Flow Margin	16.15%	15.50%	17.38%	20.67%	11.74%	-
EBITDA	57.77	77.36	76.59	75.92	59.55	24.69
EBITDA Margin	16.26%	22.18%	23.00%	24.46%	25.21%	15.02%
D&A For EBITDA	0.87	5.24	4.22	3.43	5.13	8.6
EBIT	56.9	72.13	72.38	72.49	54.42	16.09
EBIT Margin	16.02%	20.68%	21.73%	23.36%	23.04%	9.79%
Effective Tax Rate	26.65%	21.30%	21.04%	23.18%	24.48%	19.67%

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