Earnings release
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FERRARI DELIVERING SOLVING EVOLVING London , 17 September 2026 Press Release FERRARI GROUP PLC H1 2026 RESULTS Resilient performance with sustained investment in growth H1 26 H1 25 Revenue ( € m ) 187.3 179.6 Reported Change 4.3 % ( 6.2 % at constant ccy * ) Adjusted EBITDA ( € m ) 47.8 47.7 + 0.2 % Adjusted EBITDA Margin ( % ) 25.5 26.6 -110bps Net Profit ( € m ) 25.7 14.1 + 82.6 % Operating Cash Flow ( € m ) 30.2 36.5 -17.8 % Net Cash Position ( € m ) 78.0 101.9 -23.5 % Note : Totals and percentages may not add up exactly due to rounding adjustments . * 6.2 % change at constant currency is based on H1 26 Organic revenue of € 190.8m . Continued momentum across our global network • • H1 2026 revenue of € 187.3 million , up 4.3 % year - on - year , or 6.2 % at constant currency , with continued momentum in Q2 supported by increases in both the value of goods shipped ( + 30 % year - on - year ) and shipment volumes ( + 4 % year - on - year ) . Steady growth in Europe , the Group's largest region , alongside record double - digit growth in North America & Brazil , now the Group's second - largest region by revenue contribution . Strong performance in Rest of the World , led by Australia , the UAE and India , despite continued geopolitical tensions in the Middle East and uneven trends across the luxury sector . Asia remained affected by softness in China and Singapore , partly offset by strong performance in Japan and South Korea and the growing contribution from the Group's newly established Vietnam hub . Investing to support future growth Stable Adjusted EBITDA of € 47.8 million , with an Adjusted EBITDA margin of 25.5 % , reflecting continued investment in the Group's network , people and digital capabilities . 1