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	<title>GlobeNewswire &#8211; Asia Insider</title>
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		<title>MEXC Upgrades Futures Earn to Empower Retail Traders With a Clearer, More Intuitive Experience</title>
		<link>https://asiainsiders.net/mexc-upgrades-futures-earn-to-empower-retail-traders-with-a-clearer-more-intuitive-experience/</link>
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		<dc:creator><![CDATA[Asia Insider]]></dc:creator>
		<pubDate>Tue, 03 Nov 2026 11:30:00 +0000</pubDate>
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		<category><![CDATA[GlobeNewswire]]></category>
		<guid isPermaLink="false">https://asiainsiders.net/mexc-upgrades-futures-earn-to-empower-retail-traders-with-a-clearer-more-intuitive-experience</guid>

					<description><![CDATA[  MUTSAMUDU, Comoros, Nov. 03, 2026 (GLOBE NEWSWIRE) -- MEXC, a pioneer in 0-fee digital asset trading, announced an upgrade to Futures Earn. This product helps retail traders use their capital more efficiently by allowing eligible futures account balances to earn interest while users continue trading. The upgrade is designed to improve the overall user experience and make the product easier to understand and use. Futures Earn Upgrade Highlights Futures Earn involves several aspects, including interest calculation rules and reward calculation....]]></description>
										<content:encoded><![CDATA[
<p><img fetchpriority="high" decoding="async" alt="1200x700" data-mce-style="display: block; margin-left: auto; margin-right: auto;" height="350" src="https://ml.globenewswire.com/Resource/Download/b3fee2d5-6a50-4d79-8bf7-13757095b826/1200x700-blockman.png" style="display:block; margin-left:auto; margin-right:auto;" width="600" data-dpi="144" data-caption="MEXC Upgrades Futures Earn to Empower Retail Traders With a Clearer, More Intuitive Experience" data-filename="1200x700 blockman.png" /></p>
<p>MUTSAMUDU, Comoros, Nov. 03, 2026 <a href="https://www.globenewswire.com" target="_blank">(GLOBE NEWSWIRE)</a> &#8212; MEXC, a pioneer in 0-fee digital asset trading, announced an upgrade to <a href="https://www.globenewswire.com/Tracker?data=MJ4gA0_yDFtqC1yqBcP054jbxFITq-zU2Y7id-8PFO0teem8hvKFZCnCv65N4Qbj2DVo-7BMMPcSNSlOjfi2tOxbO9cRlIoApadAncccP29XhE-sPcFW0JiTjf5in-_OtA_NvyAQ9UU8fnqLX9NeoeCENnFU0y_fw8rz1_Rj6yI=" rel="nofollow" target="_blank" title="Futures Earn">Futures Earn</a>. This product helps retail traders use their capital more efficiently by allowing eligible futures account balances to earn interest while users continue trading. The upgrade is designed to improve the overall user experience and make the product easier to understand and use.</p>
<p><strong>Futures Earn Upgrade Highlights</strong></p>
<p>Futures Earn involves several aspects, including interest calculation rules and reward calculation. To help users better understand and navigate Futures Earn throughout their user journey, MEXC has made three key improvements to the user experience.</p>
<ul>
<li style="margin-top:6pt; margin-bottom:6pt;"><strong>Visualized Reward Rules:</strong> The core logic behind reward calculations is now presented through diagrams, making it easier for users to understand how earnings are calculated.</li>
</ul>
<ul>
<li style="margin-top:6pt; margin-bottom:6pt;"><strong>Scenario-Based Guidance:</strong> Users receive timely, in-context guidance at key stages of the user journey, from activating Futures Earn and depositing funds to earning interest on open positions.</li>
</ul>
<ul>
<li style="margin-top:6pt; margin-bottom:6pt;"><strong>Earnings Calculator:</strong> Users can customize parameters to estimate potential earnings, making it easier to understand and assess expected returns before using the product.</li>
</ul>
<p><strong>Innovative Interest Mechanism, Up to 20% APR</strong></p>
<p><a href="https://www.globenewswire.com/Tracker?data=MJ4gA0_yDFtqC1yqBcP05xuqfDwJaGxJNnZLNMId0g9UHfEzGp8WL-hq5QrPhu3RmgKq65EYwtW50VzPd53N_OkW4Pq9NamRUTFuEwbsqud5Uyrd7mTkdg28vpM_RGsBqYy7i1zoFfGSYCEmlpqJLL9dtzFFYwyw9YXh1SUIwf7nuSh8r34oRK0ygmprYYF78GOSFiF004TxLmrysICIC3hnxcvi0NSR6DmWJasYX5c=" rel="nofollow" target="_blank" title="Futures Earn introduces an innovative way">Futures Earn introduces an innovative way</a> to put trading capital to work, built around the idea that “Your Futures Balance Earns Too.” By integrating an interest-earning mechanism directly into the futures account, it allows eligible balances to automatically generate interest while remaining available for futures trading. Users do not need to choose between trading and earning, transfer funds out of their futures account, or subscribe to a separate earning product.</p>
<p>Dedicated futures earning products remain relatively uncommon across the industry. Among the offerings currently available, some are limited to a single stablecoin, require minimum trading volumes, or operate as time-limited campaigns. MEXC Futures Earn combines broader asset coverage, higher earning potential, and lower barriers to participation. It supports eligible USDT- and USDE-margined futures pairs, with no minimum trading volume requirement or fixed end date. USDT-margined pairs offer a 5% base APR plus up to 15% in additional rewards, bringing the maximum APR to 20%, while USDE-margined pairs offer a 4.75% base APR. Eligible futures account balances of at least 100 USDT automatically accrue interest hourly, with rewards settled daily, while remaining available for trading.</p>
<p><strong>Making Capital Efficiency More Accessible</strong></p>
<p>Institutional market participants have long prioritized capital efficiency and typically have access to more sophisticated tools for managing and deploying capital. MEXC believes retail traders should also have greater opportunities to improve how they use their funds. MEXC remains committed to putting retail traders at the heart of its product and service development, offering innovative products and services such as 0-fee trading, deep liquidity, exclusive <a href="https://www.globenewswire.com/Tracker?data=6otx-Gf-uH_kJTENxjEog-PXfR3VXIYj2Oh0tbkmHTdfC-yQsc76w-hWtxfNPYVj9iciYF0LN6-RpZRrNLIXd3-YJW4cNOKoEMq5wscMP16qFiGQPoRsH1YHbXKcn6aN09qy9XE44CrRi8nkydTXlrFc-bXg0EGjlNmWlTHdrS8=" rel="nofollow" target="_blank" title="VVIP benefits">VVIP benefits</a>, and Futures Earn to optimize trading costs, trade execution, and capital utilization. Looking ahead, MEXC will continue to break down barriers and empower more retail traders to achieve greater capital efficiency and unlock more value from their capital.</p>
<p>To learn more about MEXC Futures Earn, visit the <a href="https://www.globenewswire.com/Tracker?data=JlsWP2tCGeUGGThVDT6i3ZNHRFLdy5sDA7BHjcgRVKqBnW0oTaRyYuLlgGiO6YPeqBTLdVbUjV7sFaZMHRYAlUlcYTndL2HVOuuEBMGS6REwflpAoWdbE8AnHXo1pqFXpyjeo_pnW-Mr4ort7GCHKLGozWbB9ApxRszaN_YZ2D1Wzuil6qKHBsu7w9J5lM5b" rel="nofollow" target="_blank" title="official product page">official product page</a>.</p>
<p><strong>About MEXC</strong></p>
<p>Founded in 2018, <strong>MEXC is a leading global multi-asset trading platform built as your 0-fee gateway to infinite opportunities.</strong> Serving users across 170+ markets, MEXC provides simple and efficient access to crypto, stocks, tokenized assets, derivatives, and a growing range of TradFi-linked opportunities through one account and one gateway.</p>
<p>With 0 trading fees, deep liquidity, broad asset coverage, and a high-performance trading experience, MEXC is designed for retail users who want to discover earlier, act faster, and trade with fewer barriers. As crypto and traditional finance continue to converge, MEXC is committed to making global opportunities more accessible, helping users trade freely and MEXCmize every opportunity.</p>
<p><a href="https://www.globenewswire.com/Tracker?data=sjT48pxpvPAzaV5lEUnBbTiOstMmPKGvd4zdfIx8sJ0_96dY9H2_-ZECU-xxpsWrE7TktjXCi3OcIM8Dq2OSD_1mJXMhEqNc-QQ07QzY08s=" rel="nofollow" target="_blank" title="MEXC Official Website">MEXC Official Website</a>｜<a href="https://www.globenewswire.com/Tracker?data=CFxLb7tcX8d-JbxsggdDS5_QHhfq3-DwGPNlw5NVs_uxG4HB0f7AeUW0uz8BcYVYXGGnn2L8ALDEBp77sGdNXg==" rel="nofollow" target="_blank" title="X"> X </a>｜ <a href="https://www.globenewswire.com/Tracker?data=a_L1WrpdVCLGT2gZzOAytdjZYQOhg67v7WReZ4KfYkxyKOzx4OW1KK48TFb87MYh9iqw9lkVBviA6gZ-TEmQiA==" rel="nofollow" target="_blank" title="Telegram">Telegram</a> ｜<a href="https://www.globenewswire.com/Tracker?data=Yv5mcxsyIlimIG5Xx6Pw4oqZskJKZwHa23N20GuSqZ0KoR5gg_DKAgVSzpSaNwMnTQfDidncDVuFEvbNJMe5phKJgOwn7sWvxZfLk6QmYfuyWTSYDA1BdSQHWV0oN_arWC6yTEmr-hFWvLGccRcJNg==" rel="nofollow" target="_blank" title="How to Sign Up on MEXC">How to Sign Up on MEXC</a></p>
<p>For media inquiries, please contact MEXC PR team: <a href="https://www.globenewswire.com/Tracker?data=VCO_03Md17Kh1eWyCpQzagOiW0C7enJjUP2eUkQen_4TN2bYb5e1k5pg53zfboNPIFN3FA99HCZVAUTeBS9pAQ==" rel="nofollow" target="_blank" title="media@mexc.com">media@mexc.com</a></p>
<p><strong><em>Risk Disclaimer:</em></strong></p>
<p><em>This content does not constitute investment advice. Given the volatility of financial markets, including digital assets, tokenized assets, and traditional financial products, investors should carefully assess market conditions, underlying asset fundamentals, and potential financial risks before making any investment or trading decisions.</em></p>
<p>A photo accompanying this announcement is available at <a href="https://www.globenewswire.com/Tracker?data=PG3VvrgTOlheLhVClT1-jnGw5sM50WSEWusDo-KR0OEyXoAyqRpVCUsWKoLsgipxn682EfFKW_FXS7gHKGNNKc0JwryOYNfWVA37BlajSe5GZcmFAKMmjDKO-p3KYMHZmUsYVStTbHMN4M_mkE4E-ZqGqmiJQMCQf5LXpqyhP2WH8Phvk8D9qC8rfv7O2UkaZd8lT9f1u_84QuLaJ77_QAdsV8zsItEvmHb-H-vfDlMX22CTaRJpe4VcZKxICOIdn13JbqAxzyWnlGC6YPhimA==" rel="nofollow" target="_blank" title="">https://www.globenewswire.com/NewsRoom/AttachmentNg/b3fee2d5-6a50-4d79-8bf7-13757095b826</a>.<em> </em></p>
<p><img alt="" src='https://ml.globenewswire.com/media/ZGQyNTM4NWYtZWZlMC00YTE5LTgwNmEtNTQzNzc4NTg0NWI0LTEzMTI2NDktMjAyNi0xMS0wMy1lbg==/tiny/MEXC.png' referrerpolicy='no-referrer-when-downgrade' />  </p>
]]></content:encoded>
					
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		<item>
		<title>STRONG MIX AND PERSONALIZATIONS SUSTAIN Q3 GROWTH AND FURTHER 2026 GUIDANCE UPGRADE</title>
		<link>https://asiainsiders.net/strong-mix-and-personalizations-sustain-q3-growth-and-further-2026-guidance-upgrade/</link>
					<comments>https://asiainsiders.net/strong-mix-and-personalizations-sustain-q3-growth-and-further-2026-guidance-upgrade/#respond</comments>
		
		<dc:creator><![CDATA[Asia Insider]]></dc:creator>
		<pubDate>Tue, 03 Nov 2026 11:30:00 +0000</pubDate>
				<category><![CDATA[Business]]></category>
		<category><![CDATA[GlobeNewswire]]></category>
		<guid isPermaLink="false">https://asiainsiders.net/strong-mix-and-personalizations-sustain-q3-growth-and-further-2026-guidance-upgrade</guid>

					<description><![CDATA[ Net revenues of Euro 1,896 million, up 7% versus prior year (up 10% at constant currency(1)) Operating profit (EBIT)(1) of Euro 563 million, with Operating profit (EBIT) margin of 29.7%, up 12% versus prior year (up 23% at constant currency)Net profit of Euro 431 million and diluted EPS at Euro 2.44EBITDA(1) of Euro 753 million, with EBITDA margin of 39.7%, up 12% versus prior year (up 20% at constant currency)Industrial free cash flow(1)(2) of Euro 567 million, up 43% versus...]]></description>
										<content:encoded><![CDATA[
<ul>
<li style="margin-top:0cm; margin-bottom:0cm;">Net revenues of Euro 1,896 million, up 7% versus prior year (up 10% at constant currency<sup>(1)</sup>)</li>
</ul>
<ul>
<li style="margin-top:0cm; margin-bottom:0cm;">Operating profit (EBIT)<sup>(1)</sup> of Euro 563 million, with Operating profit (EBIT) margin of 29.7%, up 12% versus prior year (up 23% at constant currency)</li>
<li style="margin-top:0cm; margin-bottom:0cm;">Net profit of Euro 431 million and diluted EPS at Euro 2.44</li>
<li style="margin-top:0cm; margin-bottom:0cm;">EBITDA<sup>(</sup><sup>1</sup><sup>)</sup> of Euro 753 million, with EBITDA margin of 39.7%, up 12% versus prior year (up 20% at constant currency)</li>
<li style="margin-top:0cm; margin-bottom:0cm;">Industrial free cash flow<sup>(1)(2)</sup> of Euro 567 million, up 43% versus the prior year</li>
</ul>
<p align="justify" style="text-align:justify;">“Uniqueness, innovation and focus: three key factors to keep the promises of our last Capital Markets Day. Deliveries of our F80 supercar and personalizations, led by the Ferrari 296 Speciale family, support our robust financial growth and reflect our clients’ ever-deepening desire to make each Ferrari uniquely their own. Building on this solid foundation, we are further raising our full-year guidance,” said Benedetto Vigna, CEO of Ferrari. “Our order book now reaches into 2028, and we still have two more launches to come this year. In addition, we continue to create engaging events around the world to further tighten the bonds with our clients and partners across Racing, Sports Cars and Lifestyle”.</p>
<div class="pcrstb-wrap"><table style="border-collapse: collapse; width:100%; border-collapse:collapse ;">
<tr>
<td colspan="4" style="border-top: solid black 1pt ; text-align: center ; vertical-align: middle; "><b>For the three months ended</b></td>
<td style="border-top: solid black 1pt ; text-align: center ; vertical-align: middle; "><b>(In Euro million,</b></td>
<td colspan="4" style="border-top: solid black 1pt ; text-align: center ; vertical-align: middle; "><b>For the nine months ended</b></td>
</tr>
<tr>
<td colspan="4" style="border-bottom: solid black 1pt ; text-align: center ; vertical-align: middle; "><b>September 30,</b></td>
<td style="border-bottom: solid black 1pt ; text-align: center ; vertical-align: middle; "><b> unless otherwise stated)</b></td>
<td colspan="4" style="border-bottom: solid black 1pt ; text-align: center ; vertical-align: middle; "><b>September 30,</b></td>
</tr>
<tr>
<td style="border-bottom: solid black 1pt ; text-align: center ; vertical-align: middle; "><b>2026</b></td>
<td style="border-bottom: solid black 1pt ; text-align: center ; vertical-align: middle; "><b>2025</b></td>
<td colspan="2" style="border-bottom: solid black 1pt ; text-align: center ; vertical-align: middle; "><b>Change</b></td>
<td style="border-bottom: solid black 1pt ; "> </td>
<td style="border-bottom: solid black 1pt ; text-align: center ; vertical-align: middle; "><b>2026</b></td>
<td style="border-bottom: solid black 1pt ; text-align: center ; vertical-align: middle; "><b>2025</b></td>
<td colspan="2" style="border-bottom: solid black 1pt ; text-align: center ; vertical-align: middle; "><b>Change</b></td>
</tr>
<tr>
<td style="border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; ">1,896</td>
<td style="border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; ">1,766</td>
<td style="border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; ">130</td>
<td style="border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; ">7%</td>
<td style="border-bottom: solid black 1pt ; text-align: center ; vertical-align: middle; ">Net revenues</td>
<td style="border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; ">5,682</td>
<td style="border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; ">5,344</td>
<td style="border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; ">338</td>
<td style="border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; ">6%</td>
</tr>
<tr>
<td style="border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; ">563</td>
<td style="border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; ">503</td>
<td style="border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; ">60</td>
<td style="border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; ">12%</td>
<td style="border-bottom: solid black 1pt ; text-align: center ; vertical-align: middle; "> Operating profit (EBIT)</td>
<td style="border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; ">1,716</td>
<td style="border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; ">1,597</td>
<td style="border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; ">119</td>
<td style="border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; ">7%</td>
</tr>
<tr>
<td style="border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; "><i>29.7%</i></td>
<td style="border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; "><i>28.4%</i></td>
<td colspan="2" style="border-bottom: solid black 1pt ; text-align: center ; vertical-align: middle; "><i>130 bps</i></td>
<td style="border-bottom: solid black 1pt ; text-align: center ; vertical-align: middle; "><i>Operating profit (EBIT) margin</i></td>
<td style="border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; "><i>30.2%</i></td>
<td style="border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; "><i>29.9%</i></td>
<td colspan="2" style="border-bottom: solid black 1pt ; text-align: center ; vertical-align: middle; "><i>30 bps</i></td>
</tr>
<tr>
<td style="border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; ">431</td>
<td style="border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; ">382</td>
<td style="border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; ">49</td>
<td style="border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; ">13%</td>
<td style="border-bottom: solid black 1pt ; text-align: center ; vertical-align: middle; ">Net profit</td>
<td style="border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; ">1,307</td>
<td style="border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; ">1,219</td>
<td style="border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; ">88</td>
<td style="border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; ">7%</td>
</tr>
<tr>
<td style="border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; ">2.45</td>
<td style="border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; ">2.14</td>
<td style="border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; ">0.31</td>
<td style="border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; ">14%</td>
<td style="border-bottom: solid black 1pt ; text-align: center ; vertical-align: middle; ">Basic EPS (in Euro)</td>
<td style="border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; ">7.40</td>
<td style="border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; ">6.83</td>
<td style="border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; ">0.57</td>
<td style="border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; ">8%</td>
</tr>
<tr>
<td style="border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; ">2.44</td>
<td style="border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; ">2.14</td>
<td style="border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; ">0.30</td>
<td style="border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; ">14%</td>
<td style="border-bottom: solid black 1pt ; text-align: center ; vertical-align: middle; ">Diluted EPS (in Euro)</td>
<td style="border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; ">7.39</td>
<td style="border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; ">6.82</td>
<td style="border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; ">0.57</td>
<td style="border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; ">8%</td>
</tr>
<tr>
<td style="border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; "> </td>
<td style="border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; "> </td>
<td style="border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; "> </td>
<td style="border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; "> </td>
<td style="border-bottom: solid black 1pt ; text-align: center ; vertical-align: middle; "> </td>
<td style="border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; "> </td>
<td style="border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; "> </td>
<td style="border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; "> </td>
<td style="border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; "> </td>
</tr>
<tr>
<td style="border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; ">753</td>
<td style="border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; ">670</td>
<td style="border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; ">83</td>
<td style="border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; ">12%</td>
<td style="border-bottom: solid black 1pt ; text-align: center ; vertical-align: middle; ">EBITDA</td>
<td style="border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; ">2,230</td>
<td style="border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; ">2,072</td>
<td style="border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; ">158</td>
<td style="border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; ">8%</td>
</tr>
<tr>
<td style="border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; "><i>39.7%</i></td>
<td style="border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; "><i>37.9%</i></td>
<td colspan="2" style="border-bottom: solid black 1pt ; text-align: center ; vertical-align: middle; "><i>180 bps</i></td>
<td style="border-bottom: solid black 1pt ; text-align: center ; vertical-align: middle; "><i>EBITDA margin</i></td>
<td style="border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; "><i>39.2%</i></td>
<td style="border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; "><i>38.8%</i></td>
<td colspan="2" style="border-bottom: solid black 1pt ; text-align: center ; vertical-align: middle; "><i>40 bps</i></td>
</tr>
<tr>
<td style="border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; ">567</td>
<td style="border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; ">396<sup>(</sup><sup>2</sup><sup>)</sup></td>
<td style="border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; ">171</td>
<td style="border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; ">43%</td>
<td style="border-bottom: solid black 1pt ; text-align: center ; vertical-align: middle; ">Free Cash Flow from Industrial Activities</td>
<td style="border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; ">1,496</td>
<td style="border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; ">1,214<sup>(2)</sup></td>
<td style="border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; ">282</td>
<td style="border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; ">23%</td>
</tr>
</table></div>
<p align="justify" style="text-align:justify;"><b>Maranello (Italy), November 3, 2026</b> – Ferrari N.V. (NYSE/EXM: RACE) (“Ferrari” or the “Company”) today announces its consolidated preliminary unaudited results<sup>(</sup><sup>3</sup><sup>)</sup> for the third quarter and nine months ended September 30, 2026.</p>
<p align="justify" style="text-align:justify;"><b>Business dynamics in Q3 2026</b></p>
<p align="justify" style="text-align:justify;">Within Sports Cars, the business performance continued to benefit from the enrichment of the product mix and the increased contribution of personalizations. In the quarter, deliveries were 3,368 units as Ferrari continued to execute its planned model change-over. Deliveries of the Amalfi, the 296 Speciale, the 12Cilindri Spider and the Purosangue increased, the 849 Testarossa and the 296 Speciale Aperta continued their ramp-up phase, and the 849 Testarossa Spider commenced deliveries. The Roma Spider, the 296 GTS and the SF90 XX family phased out. Shipments of the F80 progressed in line with plans.</p>
<p align="justify" style="text-align:justify;">Following the launch of the 12Cilindri Manuale at the beginning of July, client engagement experiences continued in the quarter, with the record-setting auction of the Ferrari Luce “Chassis 0” at Monterey Car Week and the digital debut of the track model 296 GT3 Modificata.</p>
<p align="justify" style="text-align:justify;">Racing revenues increased in the quarter, mainly driven by higher sponsorships and a positive contribution from the rental of engines to other Formula 1 racing teams. The quarter also reflected Ferrari’s continued competitiveness in motorsport, with podium finishes recorded by both Scuderia Ferrari in Formula 1 and the 499P Hypercar in the FIA World Endurance Championship. In the quarter, the Hypersail project made further progress, including the flying monohull entering its final construction phase.</p>
<p align="justify" style="text-align:justify;">Lifestyle initiatives were rich in the quarter, including the capsule collection launched for the Monza Grand Prix, the continued evolution of tailored experiences offered through Casa Ferrari and the Fan Zones, as well as the launch of the Sketch Body, a distinctive project within the Collectibles offer that celebrates the intersection of art, innovation and heritage.<b><br /></b></p>
<p><b>Total net revenues</b></p>
<p align="justify" style="text-align:justify;">Net revenues for Q3 2026 were Euro 1,896 million, up 7% (up 10% at constant currency). Revenues from Cars and spare parts were Euro 1,586 million, up 7%, thanks to a richer sports cars mix and higher personalizations. Sponsorship, commercial and brand revenues reached Euro 220 million, up 4%, mainly attributable to higher sponsorships and lifestyle activities, partially offset by lower Formula 1 commercial revenues linked to the prior year Formula 1 ranking. Other revenues also grew in the quarter, mostly reflecting rental of engines to other Formula 1 racing teams. Foreign exchange impact, net of currency hedges, resulted in a negative effect primarily due to the US Dollar and the Japanese Yen.</p>
<div class="pcrstb-wrap"><table style="border-collapse: collapse; width:100%; border-collapse:collapse ;">
<tr>
<td colspan="4" style="border-top: solid black 1pt ; text-align: center ; vertical-align: middle; "><b>For the three months ended</b></td>
<td style="border-top: solid black 1pt ; text-align: center ; vertical-align: middle; "><b>(Euro million)</b></td>
<td colspan="4" style="border-top: solid black 1pt ; text-align: center ; vertical-align: middle; "><b>For the nine months ended</b></td>
</tr>
<tr>
<td colspan="4" style="border-bottom: solid black 1pt ; text-align: center ; vertical-align: middle; "><b>September 30,</b></td>
<td style="border-bottom: solid black 1pt ; "> </td>
<td colspan="4" style="border-bottom: solid black 1pt ; text-align: center ; vertical-align: middle; "><b>September 30,</b></td>
</tr>
<tr>
<td style="text-align: center ; vertical-align: middle; "><b> </b></td>
<td style="text-align: center ; vertical-align: middle; "><b> </b></td>
<td colspan="2" style="text-align: center ; vertical-align: middle; "><b>Change</b></td>
<td> </td>
<td style="text-align: right ; vertical-align: middle; "><b> </b></td>
<td style="text-align: right ; vertical-align: middle; "><b> </b></td>
<td colspan="2" style="text-align: center ; vertical-align: middle; "><b>Change</b></td>
</tr>
<tr>
<td style="text-align: center ; vertical-align: middle; "><b>2026</b></td>
<td style="text-align: center ; vertical-align: middle; "><b>2025</b></td>
<td colspan="2" style="text-align: right ; vertical-align: middle; "><b>at constant</b></td>
<td> </td>
<td style="text-align: center ; vertical-align: middle; "><b>2026</b></td>
<td style="text-align: center ; vertical-align: middle; "><b>2025</b></td>
<td colspan="2" style="text-align: right ; vertical-align: middle; "><b>at constant</b></td>
</tr>
<tr>
<td style="border-bottom: solid black 1pt ; text-align: center ; vertical-align: middle; "><b> </b></td>
<td style="border-bottom: solid black 1pt ; text-align: center ; vertical-align: middle; "><b> </b></td>
<td colspan="2" style="border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; "><b>currency</b></td>
<td style="border-bottom: solid black 1pt ; "> </td>
<td style="border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; "><b> </b></td>
<td style="border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; "><b> </b></td>
<td colspan="2" style="border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; "><b>currency</b></td>
</tr>
<tr>
<td style="border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; ">1,586</td>
<td style="border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; ">1,479</td>
<td style="border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; ">7%</td>
<td style="border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; ">10%</td>
<td style="border-bottom: solid black 1pt ; text-align: center ; vertical-align: middle; ">Cars and spare parts<sup>(</sup><sup>4</sup><sup>)</sup></td>
<td style="border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; ">4,771</td>
<td style="border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; ">4,522</td>
<td style="border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; ">6%</td>
<td style="border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; ">8%</td>
</tr>
<tr>
<td style="border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; ">220</td>
<td style="border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; ">211</td>
<td style="border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; ">4%</td>
<td style="border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; ">7%</td>
<td style="border-bottom: solid black 1pt ; text-align: center ; vertical-align: middle; ">Sponsorship, commercial and brand<sup>(</sup><sup>5</sup><sup>)</sup></td>
<td style="border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; ">647</td>
<td style="border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; ">607</td>
<td style="border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; ">7%</td>
<td style="border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; ">8%</td>
</tr>
<tr>
<td style="border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; ">90</td>
<td style="border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; ">76</td>
<td style="border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; ">18%</td>
<td style="border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; ">17%</td>
<td style="border-bottom: solid black 1pt ; text-align: center ; vertical-align: middle; ">Other<sup>(</sup><sup>6</sup><sup>)</sup></td>
<td style="border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; ">264</td>
<td style="border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; ">215</td>
<td style="border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; ">22%</td>
<td style="border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; ">24%</td>
</tr>
<tr>
<td style="border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; ">1,896</td>
<td style="border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; ">1,766</td>
<td style="border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; ">7%</td>
<td style="border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; ">10%</td>
<td style="border-bottom: solid black 1pt ; text-align: center ; vertical-align: middle; ">Total net revenues</td>
<td style="border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; ">5,682</td>
<td style="border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; ">5,344</td>
<td style="border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; ">6%</td>
<td style="border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; ">9%</td>
</tr>
</table></div>
<p><b>Operating profit (EBIT) and EBITDA</b></p>
<p align="justify" style="text-align:justify;">Q3 2026 Operating profit (EBIT) was Euro 563 million, up 12% versus the prior year (up 23% at constant currency) and with an Operating profit (EBIT) margin of 29.7%. The increase was mostly attributable to a positive product mix – mainly supported by the F80 – and higher personalizations. This was partially offset by higher depreciation and amortization, in line with the start of production of new models and increased marketing expenses. Q3 2026 EBITDA reached Euro 753 million, up 12% versus the prior year (up 20% at constant currency) and with an EBITDA margin of 39.7%.</p>
<div class="pcrstb-wrap"><table style="border-collapse: collapse; width:100%; border-collapse:collapse ;">
<tr>
<td colspan="5" style="border-top: solid black 1pt ; text-align: center ; vertical-align: middle; "><b>For the three months ended</b></td>
<td style="border-top: solid black 1pt ; text-align: center ; vertical-align: middle; "><b>(Euro million)</b></td>
<td colspan="6" style="border-top: solid black 1pt ; text-align: center ; vertical-align: middle; "><b>For the nine months ended</b></td>
</tr>
<tr>
<td colspan="5" style="border-bottom: solid black 1pt ; text-align: center ; vertical-align: middle; "><b>September 30,</b></td>
<td style="border-bottom: solid black 1pt ; "> </td>
<td colspan="6" style="border-bottom: solid black 1pt ; text-align: center ; vertical-align: middle; "><b>September 30,</b></td>
</tr>
<tr>
<td style="text-align: center ; vertical-align: middle; "><b> </b></td>
<td style="text-align: center ; vertical-align: middle; "><b> </b></td>
<td colspan="2" style="text-align: center ; vertical-align: middle; "><b>Change</b></td>
<td colspan="3"> </td>
<td style="text-align: right ; vertical-align: middle; "><b> </b></td>
<td style="text-align: right ; vertical-align: middle; "><b> </b></td>
<td colspan="3" style="text-align: center ; vertical-align: middle; "><b>Change</b></td>
</tr>
<tr>
<td style="text-align: center ; vertical-align: middle; "><b>2026</b></td>
<td style="text-align: center ; vertical-align: middle; "><b>2025</b></td>
<td colspan="2" style="text-align: right ; vertical-align: middle; "><b>at constant</b></td>
<td colspan="3"> </td>
<td style="text-align: center ; vertical-align: middle; "><b>2026</b></td>
<td style="text-align: center ; vertical-align: middle; "><b>2025</b></td>
<td> </td>
<td colspan="2" style="text-align: right ; vertical-align: middle; "><b>at constant</b></td>
</tr>
<tr>
<td style="border-bottom: solid black 1pt ; text-align: center ; vertical-align: middle; "><b> </b></td>
<td style="border-bottom: solid black 1pt ; text-align: center ; vertical-align: middle; "><b> </b></td>
<td colspan="2" style="border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; "><b>currency</b></td>
<td colspan="3" style="border-bottom: solid black 1pt ; "> </td>
<td style="border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; "><b> </b></td>
<td style="border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; "><b> </b></td>
<td style="border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; "><b> </b></td>
<td colspan="2" style="border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; "><b>currency</b></td>
</tr>
<tr>
<td style="border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; ">753</td>
<td style="border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; ">670</td>
<td style="text-align: right ; vertical-align: middle; ">12%</td>
<td style="text-align: right ; vertical-align: middle; ">20%</td>
<td colspan="3" style="text-align: center ; vertical-align: middle; ">EBITDA</td>
<td style="border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; ">2,230</td>
<td style="border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; ">2,072</td>
<td colspan="2" style="border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; ">8%</td>
<td style="border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; ">13%</td>
</tr>
<tr>
<td style="border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; ">563</td>
<td style="border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; ">503</td>
<td style="border-top: solid black 1pt ; border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; ">12%</td>
<td style="border-top: solid black 1pt ; border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; ">23%</td>
<td colspan="3" style="border-top: solid black 1pt ; border-bottom: solid black 1pt ; text-align: center ; vertical-align: middle; ">Operating profit (EBIT)</td>
<td style="border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; ">1,716</td>
<td style="border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; ">1,597</td>
<td colspan="2" style="border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; ">7%</td>
<td style="border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; ">15%</td>
</tr>
<tr>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
</tr>
</table></div>
<p></p>
<p align="justify" style="text-align:justify;">The decrease in net financial expenses for the quarter was mostly driven by a positive net foreign exchange effect. The effective tax rate<sup>(</sup><sup>7</sup><sup>)</sup> in the quarter was 23.0%, mainly reflecting the estimate of the benefit attributable to the new Patent Box. As a result, the Net profit in the quarter increased to Euro 431 million and the diluted earnings per share reached Euro 2.44, compared to Euro 2.14 in Q3 2025.</p>
<p align="justify" style="text-align:justify;">Industrial free cash flow in the quarter was strong at Euro 567 million, sustained by profitability and a positive change in working capital, partially offset by capital expenditures<sup>(</sup><sup>8</sup><sup>)</sup>.</p>
<p align="justify" style="text-align:justify;">Net Industrial Cash<sup>(1)</sup> as of September 30, 2026 was Euro 219 million, compared to a Net Industrial Debt position of Euro 131 million as of June 30, 2026, also reflecting the share repurchases for Euro 173 million.</p>
<p align="justify" style="text-align:justify;"><b>2026 guidance further upgraded, based on the updated assumptions:</b></p>
<ul>
<li style="margin-top:0cm; margin-bottom:0cm; text-align:justify;">Stronger personalizations than initially expected</li>
<li style="margin-top:0cm; margin-bottom:0cm; text-align:justify;">Lower than anticipated currency headwinds, net of hedges</li>
<li style="margin-top:0cm; margin-bottom:0cm; text-align:justify;">Second place in the Formula 1 Championship</li>
</ul>
<p align="justify" style="text-align:justify;">Confirmed the below, compared with 2025:</p>
<ul>
<li style="margin-top:0cm; margin-bottom:0cm; text-align:justify;">Significant model change-over to shape the year and positive product mix</li>
<li style="margin-top:0cm; margin-bottom:0cm; text-align:justify;">Higher racing and lifestyle revenues</li>
<li style="margin-top:0cm; margin-bottom:0cm; text-align:justify;">Increased brand investments, as well as racing and digital expenses</li>
<li style="margin-top:0cm; margin-bottom:0cm; text-align:justify;">Higher D&amp;A in line with start of production of new models</li>
</ul>
<p align="justify" style="text-align:justify;">Our guidance is based on current visibility on the Middle East crisis effects.</p>
<div class="pcrstb-wrap"><table align="center" style="border-collapse: collapse; width:100%; border-collapse:collapse ;">
<tr>
<td style="border-top: solid black 1pt ; border-bottom: solid black 1pt ; "><i>(€B, unless otherwise stated)</i></td>
<td style="border-top: solid black 1pt ; border-bottom: solid black 1pt ; text-align: center ; vertical-align: middle; "><b>UPGRADED <br />2026</b><br /><b>GUIDANCE </b></td>
<td style="border-top: solid black 1pt ; border-bottom: solid black 1pt ; text-align: center ; vertical-align: middle; "><b>PREVIOUS</b><br /><b>2026</b><br /><b>GUIDANCE</b></td>
<td style="border-top: solid black 1pt ; border-bottom: solid black 1pt ; text-align: center ; vertical-align: middle; "><b>2025</b></td>
</tr>
<tr>
<td style="border-bottom: solid black 1pt ; "><b>NET REVENUES</b></td>
<td style="border-bottom: solid black 1pt ; text-align: center ; vertical-align: middle; ">~7.65</td>
<td style="border-bottom: solid black 1pt ; text-align: center ; vertical-align: middle; ">~7.60</td>
<td style="border-bottom: solid black 1pt ; text-align: center ; vertical-align: middle; ">7.15</td>
</tr>
<tr>
<td style="border-bottom: solid black 1pt ; "><b>ADJ. EBITDA </b>(margin %)</td>
<td style="border-bottom: solid black 1pt ; text-align: center ; vertical-align: middle; ">≥3.00<br />≥39.2%</td>
<td style="border-bottom: solid black 1pt ; text-align: center ; vertical-align: middle; ">≥2.97<br />≥39.0%</td>
<td style="border-bottom: solid black 1pt ; text-align: center ; vertical-align: middle; ">2.77 <br />38.8%</td>
</tr>
<tr>
<td style="border-bottom: solid black 1pt ; "><b>ADJ. OPERATING PROFIT (EBIT) </b>(margin %)</td>
<td style="border-bottom: solid black 1pt ; text-align: center ; vertical-align: middle; ">≥2.285<br />≥29.8%</td>
<td style="border-bottom: solid black 1pt ; text-align: center ; vertical-align: middle; ">≥2.26<br />≥29.5%</td>
<td style="border-bottom: solid black 1pt ; text-align: center ; vertical-align: middle; ">2.11<br />29.5%</td>
</tr>
<tr>
<td style="border-bottom: solid black 1pt ; "><b>ADJ. DILUTED EPS </b>(€)</td>
<td style="border-bottom: solid black 1pt ; text-align: center ; vertical-align: middle; ">≥9.85<sup>(</sup><sup>9</sup><sup>)</sup></td>
<td style="border-bottom: solid black 1pt ; text-align: center ; vertical-align: middle; ">≥9.68<sup>(</sup><sup>10</sup><sup>)</sup></td>
<td style="border-bottom: solid black 1pt ; text-align: center ; vertical-align: middle; ">8.96<sup>(</sup><sup>11</sup><sup>)</sup></td>
</tr>
<tr>
<td style="border-bottom: solid black 1pt ; "><b>INDUSTRIAL FCF</b></td>
<td style="border-bottom: solid black 1pt ; text-align: center ; vertical-align: middle; ">Up to 1.65</td>
<td style="border-bottom: solid black 1pt ; text-align: center ; vertical-align: middle; ">≥1.55</td>
<td style="border-bottom: solid black 1pt ; text-align: center ; vertical-align: middle; ">1.54</td>
</tr>
</table></div>
<p><b><br /></b></p>
<p align="justify" style="text-align:justify;"><b>Subsequent events:</b></p>
<ul>
<li style="margin-top:0cm; margin-bottom:0cm; text-align:justify;">From October 1, 2026, to October 30, 2026, the Company purchased 176,262 common shares for total consideration of €61.5 million. The share repurchases were made under the third tranche of the multi-year share buyback program of approximately €3.5 billion expected to be executed by 2030, as announced during the Capital Markets Day held in October 2025. At October 30, 2026, the Company held in treasury 2,038,689 common shares, corresponding to 1.15% of issued common shares and 0.87% of issued share capital (including special voting shares).</li>
</ul>
<p><b><br /></b></p>
<p align="justify" style="text-align:justify;"><b>About Ferrari </b><br />Ferrari is one of the world’s leading luxury brands, encompassing racing, sports cars and lifestyle. In each of these three souls, the Prancing Horse is a symbol of exclusivity, innovation and cutting-edge performance. The brand’s heritage and global recognition are closely associated with its Formula 1 racing team, Scuderia Ferrari, the most successful in the sport’s history. Since the inaugural World Championship in 1950, Scuderia Ferrari has claimed 16 Constructors’ and 15 Drivers’ world titles. From its home in Maranello, Italy, Ferrari designs, engineers, and produces some of the world’s most iconic and recognisable luxury sports cars, sold in over 60 markets worldwide. In lifestyle, Ferrari designs and creates a selection of personal luxury goods, collectibles and experiences that embody the brand’s elevated style and passion.</p>
<p align="justify" style="text-align:justify;"><b>Forward Looking Statements</b><br />In this document, unless otherwise specified, the terms “we”, “our”, “us”, the “Group”, the “Company” and “Ferrari” refer to Ferrari N.V., individually or together with its subsidiaries, as the context may require. This document, and in particular the section entitled “2026 Guidance”, contain forward-looking statements. These statements may include terms such as “may”, “will”, “expect”, “could”, “should”, “intend”, “estimate”, “anticipate”, “believe”, “remain”, “continue”, “on track”, “successful”, “grow”, “design”, “target”, “objective”, “goal”, “forecast”, “projection”, “outlook”, “prospects”, “plan”, “guidance” and similar expressions. Forward-looking statements are not guarantees of future performance. Rather, they are based on the Group’s current expectations and projections about future events and, by their nature, are subject to inherent risks and uncertainties. They relate to events and depend on circumstances that may or may not occur or exist in the future and, as such, undue reliance should not be placed on them. Actual results may differ materially from those expressed in such statements as a result of a variety of factors, including: our ability to preserve and enhance the value of the Ferrari brand; our ability to attract and retain qualified personnel; the success of our racing activities; our ability to keep pace with advances in high performance automotive technology, and meet the challenges and costs of continually integrating leading-edge innovations into our car portfolio over time, while continuing to create distinctive and desirable designs for our new models; increases in costs, including as a result of increasingly stringent fuel economy, emissions and safety standards, disruptions of supply or shortages of components and raw materials; our ability to successfully carry out our controlled volume and growth strategy, while increasing our presence in growth market countries; changes in general economic conditions (including changes in the markets in which we operate) and changes in demand for luxury goods, including high performance luxury cars, which is volatile; macro events, pandemics and conflicts, including the ongoing conflicts in Ukraine and the Middle East region, and the related issues potentially impacting sourcing and transportation; trading policies and tariffs; competition in the luxury performance automobile industry; changes in client preferences and automotive trends; our ability to preserve the value of our cars over time and our relationship with the automobile collector and enthusiast community; disruptions at our manufacturing facilities in Maranello and Modena; climate change and other environmental impacts, as well as an increased focus of regulators and stakeholders on environmental matters; our ability to maintain the functional and efficient operation of our information technology systems and to defend against the risk of cyberattacks; the ability of our current management team to operate and manage effectively, and the reliance upon a number of key members of executive management and employees; the performance of our dealer network on which we depend for sales and services; product warranties, product recalls and liability claims; the sponsorship and commercial revenues and expenses of our racing activities, as well as the popularity of motor sports more broadly; the performance of our lifestyle activities; our ability to protect our intellectual property rights and to avoid infringing the intellectual property rights of others; changes in tax or fiscal policies and regulatory, political and labor conditions in the jurisdictions in which we operate; our continued compliance with customs regulations of various jurisdictions; labor relations and collective bargaining agreements; our ability to ensure that our employees, agents and representatives comply with applicable law and regulations; exchange rate fluctuations, interest rate changes, credit risk and other market risks; our ability to service and refinance our debt; our ability to provide or arrange for adequate access to financing for our clients and dealers, and associated risks; the adequacy of our insurance coverage to protect us against potential losses; potential conflicts of interest due to director and officer overlaps with our largest shareholders, and other factors discussed elsewhere in this document.</p>
<p align="justify" style="text-align:justify;">The Group expressly disclaims and does not assume any liability in connection with any inaccuracies in any of the forward-looking statements in this document or in connection with any use by any third party of such forward-looking statements. Any forward-looking statements contained in this document speak only as of the date of this document and the Company does not undertake any obligation to update or revise publicly forward-looking statements. Further information concerning the Group and its businesses, including factors that could materially affect the Company’s financial results, is included in the Company’s reports and filings with the U.S. Securities and Exchange Commission, the AFM and CONSOB.</p>
<p>For further information:<br />Ferrari Media &amp; PR<br />tel.: +39 0536 241053<br />Email: <a href="https://www.globenewswire.com/Tracker?data=r6xlgNJDfRXCwoX8Ghya1KJRZEd0X1ORnhVICBtXMjZ_V_YUjCjP7qSisF6vog0QgtPJyuJXjZesoCTaY95c3Z2wvyYEx3OzhtAxqRHEYao=" rel="nofollow" target="_blank" title="media@ferrari.com">media@ferrari.com</a></p>
<p>Investor Relations<br />tel.: +39 0536 241395<br />Email: <a href="https://www.globenewswire.com/Tracker?data=ijx-KFgh4PAsj36CSx5XdGwHbjHWk7LltTrQwAkpM3IdYF8bmuk0SeZ5IQuG_Ns-NR5e7hH20t4ojx4fqikx8z3_xshGpTVr6yJXRhXy5ww=" rel="nofollow" target="_blank" title="ir@ferrari.com">ir@ferrari.com</a></p>
<p><a href="https://www.globenewswire.com/Tracker?data=hDYIdLrqdpQeyKzgolXYtq7hp7nfC8PdIt5q562EAlQLJxbw0I7mVpU-PzcjKdHrpJEX7kv2ulA-_UNW6hxtUfVLw61viLfTwQNRoGjVzTk=" rel="nofollow" target="_blank" title="www.ferrari.com">www.ferrari.com</a> <b><br /></b></p>
<p align="justify" style="text-align:justify;"><b>Earnings call</b></p>
<p align="justify" style="text-align:justify;">On November 3, 2026, at 3:00 p.m. CET, management will hold a conference call to present the Q3 2026 results to financial analysts and institutional investors. Please note that registering in advance is required to access the conference call details. The call can be followed live and a recording will subsequently be available on the Group’s website https://www.ferrari.com/en-EN/corporate/investors. The supporting document will be made available on the website prior to the call.</p>
<p align="justify" style="text-align:justify;"><b>Appendix and non-GAAP financial measures</b></p>
<p align="justify" style="text-align:justify;">Operations are monitored through the use of various non-GAAP financial measures that may not be comparable to other similarly titled measures of other companies. Accordingly, investors and analysts should exercise appropriate caution in comparing these supplemental financial measures to similarly titled financial measures reported by other companies.</p>
<p align="justify" style="text-align:justify;">We believe that these supplemental financial measures provide comparable measures of financial performance which then facilitate management’s ability to identify operational trends, as well as make decisions regarding future spending, resource allocations and other operational decisions.</p>
<p align="justify" style="text-align:justify;">Certain totals in the tables included in this document may not add due to rounding.</p>
<p align="justify" style="text-align:justify;"><b>Shipments<sup>(</sup></b><sup>12</sup><b><sup>)(</sup></b><sup>13</sup><b><sup>)</sup></b></p>
<div class="pcrstb-wrap"><table style="border-collapse: collapse; width:100%; border-collapse:collapse ;">
<tr>
<td colspan="3" style="border-top: solid black 1pt ; text-align: center ; vertical-align: middle; "><b>For the three months ended</b></td>
<td style="border-top: solid black 1pt ; text-align: center ; vertical-align: middle; "><b>Shipments</b></td>
<td colspan="3" style="border-top: solid black 1pt ; text-align: center ; vertical-align: middle; "><b>For the nine months ended</b></td>
</tr>
<tr>
<td colspan="3" style="border-bottom: solid black 1pt ; text-align: center ; vertical-align: middle; "><b>September 30,</b></td>
<td style="border-bottom: solid black 1pt ; text-align: center ; vertical-align: middle; "><b>(units)</b></td>
<td colspan="3" style="border-bottom: solid black 1pt ; text-align: center ; vertical-align: middle; "><b>September 30,</b></td>
</tr>
<tr>
<td style="border-bottom: solid black 1pt ; text-align: center ; vertical-align: middle; "><b>2026</b></td>
<td style="border-bottom: solid black 1pt ; text-align: center ; vertical-align: middle; "><b>2025</b></td>
<td style="border-bottom: solid black 1pt ; text-align: center ; vertical-align: middle; "><b>Change (units)</b></td>
<td style="border-bottom: solid black 1pt ; "> </td>
<td style="border-bottom: solid black 1pt ; text-align: center ; vertical-align: middle; "><b>2026</b></td>
<td style="border-bottom: solid black 1pt ; text-align: center ; vertical-align: middle; "><b>2025</b></td>
<td style="border-bottom: solid black 1pt ; text-align: center ; vertical-align: middle; "><b>Change (units)</b></td>
</tr>
<tr>
<td style="border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; ">1,487</td>
<td style="border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; ">1,449</td>
<td style="border-bottom: solid black 1pt ; text-align: center ; vertical-align: middle; ">38</td>
<td style="border-bottom: solid black 1pt ; text-align: center ; vertical-align: middle; ">EMEA</td>
<td style="border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; ">4,801</td>
<td style="border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; ">4,796</td>
<td style="border-bottom: solid black 1pt ; text-align: center ; vertical-align: middle; ">5</td>
</tr>
<tr>
<td style="border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; ">1,050</td>
<td style="border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; ">1,045</td>
<td style="border-bottom: solid black 1pt ; text-align: center ; vertical-align: middle; ">5</td>
<td style="border-bottom: solid black 1pt ; text-align: center ; vertical-align: middle; ">Americas</td>
<td style="border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; ">2,867</td>
<td style="border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; ">3,060</td>
<td style="border-bottom: solid black 1pt ; text-align: center ; vertical-align: middle; ">(193)</td>
</tr>
<tr>
<td style="border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; ">143</td>
<td style="border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; ">248</td>
<td style="border-bottom: solid black 1pt ; text-align: center ; vertical-align: middle; ">(105)</td>
<td style="border-bottom: solid black 1pt ; text-align: center ; vertical-align: middle; ">Mainland China, Hong Kong and Taiwan</td>
<td style="border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; ">583</td>
<td style="border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; ">759</td>
<td style="border-bottom: solid black 1pt ; text-align: center ; vertical-align: middle; ">(176)</td>
</tr>
<tr>
<td style="border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; ">688</td>
<td style="border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; ">659</td>
<td style="border-bottom: solid black 1pt ; text-align: center ; vertical-align: middle; ">29</td>
<td style="border-bottom: solid black 1pt ; text-align: center ; vertical-align: middle; ">Rest of APAC</td>
<td style="border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; ">1,919</td>
<td style="border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; ">1,873</td>
<td style="border-bottom: solid black 1pt ; text-align: center ; vertical-align: middle; ">46</td>
</tr>
<tr>
<td style="border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; ">3,368</td>
<td style="border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; ">3,401</td>
<td style="border-bottom: solid black 1pt ; text-align: center ; vertical-align: middle; ">(33)</td>
<td style="border-bottom: solid black 1pt ; text-align: center ; vertical-align: middle; ">Total Shipments</td>
<td style="border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; ">10,170</td>
<td style="border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; ">10,488</td>
<td style="border-bottom: solid black 1pt ; text-align: center ; vertical-align: middle; ">(318)</td>
</tr>
</table></div>
<p><b><br /></b></p>
<p align="justify" style="text-align:justify;"><b>Key performance metrics and reconciliations of NON-GAAP financial measures</b></p>
<div class="pcrstb-wrap"><table style="border-collapse: collapse; width:100%; border-collapse:collapse ;">
<tr>
<td colspan="2" style="border-top: solid black 1pt ; text-align: center ; vertical-align: middle; "><b>For the three months ended</b></td>
<td style="border-top: solid black 1pt ; text-align: center ; vertical-align: middle; "><b>(Euro million)</b></td>
<td colspan="2" style="border-top: solid black 1pt ; text-align: center ; vertical-align: middle; "><b>For the nine months ended</b></td>
</tr>
<tr>
<td colspan="2" style="border-bottom: solid black 1pt ; text-align: center ; vertical-align: middle; "><b>September 30,</b></td>
<td style="border-bottom: solid black 1pt ; "> </td>
<td colspan="2" style="border-bottom: solid black 1pt ; text-align: center ; vertical-align: middle; "><b>September 30,</b></td>
</tr>
<tr>
<td style="border-bottom: solid black 1pt ; text-align: center ; vertical-align: middle; "><b>2026</b></td>
<td style="border-bottom: solid black 1pt ; text-align: center ; vertical-align: middle; "><b>2025</b></td>
<td style="border-bottom: solid black 1pt ; "> </td>
<td style="border-bottom: solid black 1pt ; text-align: center ; vertical-align: middle; "><b>2026</b></td>
<td style="border-bottom: solid black 1pt ; text-align: center ; vertical-align: middle; "><b>2025</b></td>
</tr>
<tr>
<td style="border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; ">1,896</td>
<td style="border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; ">1,766</td>
<td style="border-bottom: solid black 1pt ; text-align: center ; vertical-align: middle; ">Net revenues</td>
<td style="border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; ">5,682</td>
<td style="border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; ">5,344</td>
</tr>
<tr>
<td style="border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; ">902</td>
<td style="border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; ">882</td>
<td style="border-bottom: solid black 1pt ; text-align: center ; vertical-align: middle; ">Cost of sales</td>
<td style="border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; ">2,711</td>
<td style="border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; ">2,586</td>
</tr>
<tr>
<td style="border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; ">173</td>
<td style="border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; ">160</td>
<td style="border-bottom: solid black 1pt ; text-align: center ; vertical-align: middle; ">Selling, general and administrative costs</td>
<td style="border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; ">522</td>
<td style="border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; ">469</td>
</tr>
<tr>
<td style="border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; ">251</td>
<td style="border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; ">222</td>
<td style="border-bottom: solid black 1pt ; text-align: center ; vertical-align: middle; ">Research and development costs</td>
<td style="border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; ">714</td>
<td style="border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; ">680</td>
</tr>
<tr>
<td style="border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; ">8</td>
<td style="border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; ">2</td>
<td style="border-bottom: solid black 1pt ; text-align: center ; vertical-align: middle; ">Other expenses/(income), net</td>
<td style="border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; ">27</td>
<td style="border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; ">20</td>
</tr>
<tr>
<td style="border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; ">1</td>
<td style="border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; ">3</td>
<td style="border-bottom: solid black 1pt ; text-align: center ; vertical-align: middle; ">Result from investments</td>
<td style="border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; ">8</td>
<td style="border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; ">8</td>
</tr>
<tr>
<td style="border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; ">563</td>
<td style="border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; ">503</td>
<td style="border-bottom: solid black 1pt ; text-align: center ; vertical-align: middle; ">Operating profit (EBIT)</td>
<td style="border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; ">1,716</td>
<td style="border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; ">1,597</td>
</tr>
<tr>
<td style="border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; ">4</td>
<td style="border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; ">13</td>
<td style="border-bottom: solid black 1pt ; text-align: center ; vertical-align: middle; ">Financial expenses/(income), net</td>
<td style="border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; ">19</td>
<td style="border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; ">34</td>
</tr>
<tr>
<td style="border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; ">559</td>
<td style="border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; ">490</td>
<td style="border-bottom: solid black 1pt ; text-align: center ; vertical-align: middle; ">Profit before taxes</td>
<td style="border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; ">1,697</td>
<td style="border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; ">1,563</td>
</tr>
<tr>
<td style="border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; ">128</td>
<td style="border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; ">108</td>
<td style="border-bottom: solid black 1pt ; text-align: center ; vertical-align: middle; ">Income tax expenses</td>
<td style="border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; ">390</td>
<td style="border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; ">344</td>
</tr>
<tr>
<td style="border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; ">23.0%</td>
<td style="border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; ">22.0%</td>
<td style="border-bottom: solid black 1pt ; text-align: center ; vertical-align: middle; ">Effective tax rate</td>
<td style="border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; ">23.0%</td>
<td style="border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; ">22.0%</td>
</tr>
<tr>
<td style="border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; ">431</td>
<td style="border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; ">382</td>
<td style="border-bottom: solid black 1pt ; text-align: center ; vertical-align: middle; ">Net profit</td>
<td style="border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; ">1,307</td>
<td style="border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; ">1,219</td>
</tr>
<tr>
<td style="border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; ">2.45</td>
<td style="border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; ">2.14</td>
<td style="border-bottom: solid black 1pt ; text-align: center ; vertical-align: middle; ">Basic EPS (€)</td>
<td style="border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; ">7.40</td>
<td style="border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; ">6.83</td>
</tr>
<tr>
<td style="border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; ">2.44</td>
<td style="border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; ">2.14</td>
<td style="border-bottom: solid black 1pt ; text-align: center ; vertical-align: middle; ">Diluted EPS (€)</td>
<td style="border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; ">7.39</td>
<td style="border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; ">6.82</td>
</tr>
<tr>
<td style="border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; ">753</td>
<td style="border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; ">670</td>
<td style="border-bottom: solid black 1pt ; text-align: center ; vertical-align: middle; ">EBITDA</td>
<td style="border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; ">2,230</td>
<td style="border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; ">2,072</td>
</tr>
<tr>
<td style="border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; ">738</td>
<td style="border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; ">658</td>
<td style="border-bottom: solid black 1pt ; text-align: center ; vertical-align: middle; ">of which EBITDA (Industrial activities only)</td>
<td style="border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; ">2,187</td>
<td style="border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; ">2,040</td>
</tr>
</table></div>
<p align="justify" style="text-align:justify;"><b>Total net revenues, EBITDA and Operating profit (EBIT) at constant currency</b> eliminate the effects of changes in foreign currency (transaction and translation) and of foreign currency hedges.</p>
<div class="pcrstb-wrap"><table style="border-collapse: collapse; width:100%; border-collapse:collapse ;">
<tr>
<td colspan="2" style="border-top: solid black 1pt ; text-align: center ; vertical-align: middle; "><b>For the three months ended</b></td>
<td style="border-top: solid black 1pt ; text-align: center ; vertical-align: middle; "><b>(Euro million)</b></td>
<td colspan="2" style="border-top: solid black 1pt ; text-align: center ; vertical-align: middle; "><b>For the nine months ended</b></td>
</tr>
<tr>
<td colspan="2" style="border-bottom: solid black 1pt ; text-align: center ; vertical-align: middle; "><b>September 30,</b></td>
<td style="border-bottom: solid black 1pt ; text-align: center ; vertical-align: middle; "><b> </b></td>
<td colspan="2" style="border-bottom: solid black 1pt ; text-align: center ; vertical-align: middle; "><b>September 30,</b></td>
</tr>
<tr>
<td style="text-align: center ; vertical-align: middle; "><b> </b></td>
<td style="text-align: center ; vertical-align: middle; "><b>2026</b></td>
<td style="text-align: center ; vertical-align: middle; "><b> </b></td>
<td> </td>
<td style="text-align: center ; vertical-align: middle; "><b>2026</b></td>
</tr>
<tr>
<td style="text-align: center ; vertical-align: middle; "><b>2026</b></td>
<td style="text-align: center ; vertical-align: middle; "><b>at constant</b></td>
<td style="text-align: center ; vertical-align: middle; "><b> </b></td>
<td style="text-align: center ; vertical-align: middle; "><b>2026</b></td>
<td style="text-align: center ; vertical-align: middle; "><b>at constant</b></td>
</tr>
<tr>
<td style="border-bottom: solid black 1pt ; text-align: center ; vertical-align: middle; "><b> </b></td>
<td style="border-bottom: solid black 1pt ; text-align: center ; vertical-align: middle; "><b>currency</b></td>
<td style="border-bottom: solid black 1pt ; text-align: center ; vertical-align: middle; "><b> </b></td>
<td style="border-bottom: solid black 1pt ; "> </td>
<td style="border-bottom: solid black 1pt ; text-align: center ; vertical-align: middle; "><b>currency</b></td>
</tr>
<tr>
<td style="border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; ">1,586</td>
<td style="border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; ">1,588</td>
<td style="border-bottom: solid black 1pt ; text-align: center ; vertical-align: middle; ">Cars and spare parts</td>
<td style="border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; ">4,771</td>
<td style="border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; ">4,835</td>
</tr>
<tr>
<td style="border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; ">220</td>
<td style="border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; ">220</td>
<td style="border-bottom: solid black 1pt ; text-align: center ; vertical-align: middle; ">Sponsorship, commercial and brand</td>
<td style="border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; ">647</td>
<td style="border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; ">647</td>
</tr>
<tr>
<td style="border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; ">90</td>
<td style="border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; ">89</td>
<td style="border-bottom: solid black 1pt ; text-align: center ; vertical-align: middle; ">Other</td>
<td style="border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; ">264</td>
<td style="border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; ">268</td>
</tr>
<tr>
<td style="border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; ">1,896</td>
<td style="border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; ">1,897</td>
<td style="border-bottom: solid black 1pt ; text-align: center ; vertical-align: middle; ">Total net revenues</td>
<td style="border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; ">5,682</td>
<td style="border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; ">5,750</td>
</tr>
</table></div>
<p></p>
<div class="pcrstb-wrap"><table style="border-collapse: collapse; width:100%; border-collapse:collapse ;">
<tr>
<td colspan="2" style="border-top: solid black 1pt ; text-align: center ; vertical-align: middle; "><b>For the three months ended</b></td>
<td style="border-top: solid black 1pt ; text-align: center ; vertical-align: middle; "><b>(Euro million)</b></td>
<td colspan="2" style="border-top: solid black 1pt ; text-align: center ; vertical-align: middle; "><b>For the nine months ended</b></td>
</tr>
<tr>
<td colspan="2" style="border-bottom: solid black 1pt ; text-align: center ; vertical-align: middle; "><b>September 30,</b></td>
<td style="border-bottom: solid black 1pt ; text-align: center ; vertical-align: middle; "><b> </b></td>
<td colspan="2" style="border-bottom: solid black 1pt ; text-align: center ; vertical-align: middle; "><b>September 30,</b></td>
</tr>
<tr>
<td style="text-align: center ; vertical-align: middle; "><b> </b></td>
<td style="text-align: center ; vertical-align: middle; "><b>2026</b></td>
<td style="text-align: center ; vertical-align: middle; "><b> </b></td>
<td> </td>
<td style="text-align: center ; vertical-align: middle; "><b>2026</b></td>
</tr>
<tr>
<td style="text-align: center ; vertical-align: middle; "><b>2026</b></td>
<td style="text-align: center ; vertical-align: middle; "><b>at constant</b></td>
<td style="text-align: center ; vertical-align: middle; "><b> </b></td>
<td style="text-align: center ; vertical-align: middle; "><b>2026</b></td>
<td style="text-align: center ; vertical-align: middle; "><b>at constant</b></td>
</tr>
<tr>
<td style="border-bottom: solid black 1pt ; text-align: center ; vertical-align: middle; "><b> </b></td>
<td style="border-bottom: solid black 1pt ; text-align: center ; vertical-align: middle; "><b>currency</b></td>
<td style="border-bottom: solid black 1pt ; text-align: center ; vertical-align: middle; "><b> </b></td>
<td style="border-bottom: solid black 1pt ; "> </td>
<td style="border-bottom: solid black 1pt ; text-align: center ; vertical-align: middle; "><b>currency</b></td>
</tr>
<tr>
<td style="border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; ">753</td>
<td style="border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; ">759</td>
<td style="border-bottom: solid black 1pt ; text-align: center ; vertical-align: middle; ">EBITDA</td>
<td style="border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; ">2,230</td>
<td style="border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; ">2,283</td>
</tr>
<tr>
<td style="border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; ">563</td>
<td style="border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; ">569</td>
<td style="border-bottom: solid black 1pt ; text-align: center ; vertical-align: middle; ">Operating profit (EBIT)</td>
<td style="border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; ">1,716</td>
<td style="border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; ">1,769</td>
</tr>
</table></div>
<p align="justify" style="text-align:justify;"><b>EBITDA</b> is defined as net profit before income tax expense, financial expenses/(income), net and amortization and depreciation. <b>Adjusted EBITDA</b> is defined as EBITDA as adjusted for certain income and costs, which are significant in nature, expected to occur infrequently, and that management considers not reflective of ongoing operational activities.</p>
<div class="pcrstb-wrap"><table style="border-collapse: collapse; width:100%; border-collapse:collapse ;">
<tr>
<td colspan="3" style="border-top: solid black 1pt ; text-align: center ; vertical-align: middle; "><b>For the three months ended</b></td>
<td style="border-top: solid black 1pt ; text-align: center ; vertical-align: middle; "><b>(Euro million)</b></td>
<td colspan="3" style="border-top: solid black 1pt ; text-align: center ; vertical-align: middle; "><b>For the nine months ended</b></td>
</tr>
<tr>
<td colspan="3" style="border-bottom: solid black 1pt ; text-align: center ; vertical-align: middle; "><b>September 30,</b></td>
<td style="border-bottom: solid black 1pt ; "> </td>
<td colspan="3" style="border-bottom: solid black 1pt ; text-align: center ; vertical-align: middle; "><b>September 30,</b></td>
</tr>
<tr>
<td style="border-bottom: solid black 1pt ; text-align: center ; vertical-align: middle; "><b>2026</b></td>
<td style="border-bottom: solid black 1pt ; text-align: center ; vertical-align: middle; "><b>2025</b></td>
<td style="border-bottom: solid black 1pt ; text-align: center ; vertical-align: middle; "><b>Change</b></td>
<td style="border-bottom: solid black 1pt ; "> </td>
<td style="border-bottom: solid black 1pt ; text-align: center ; vertical-align: middle; "><b>2026</b></td>
<td style="border-bottom: solid black 1pt ; text-align: center ; vertical-align: middle; "><b>2025</b></td>
<td style="border-bottom: solid black 1pt ; text-align: center ; vertical-align: middle; "><b>Change</b></td>
</tr>
<tr>
<td style="border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; ">431</td>
<td style="border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; ">382</td>
<td style="border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; ">49</td>
<td style="border-bottom: solid black 1pt ; text-align: center ; vertical-align: middle; ">Net profit</td>
<td style="border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; ">1,307</td>
<td style="border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; ">1,219</td>
<td style="border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; ">88</td>
</tr>
<tr>
<td style="border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; ">128</td>
<td style="border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; ">108</td>
<td style="border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; ">20</td>
<td style="border-bottom: solid black 1pt ; text-align: center ; vertical-align: middle; ">Income tax expense</td>
<td style="border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; ">390</td>
<td style="border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; ">344</td>
<td style="border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; ">46</td>
</tr>
<tr>
<td style="border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; ">4</td>
<td style="border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; ">13</td>
<td style="border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; ">(9)</td>
<td style="border-bottom: solid black 1pt ; text-align: center ; vertical-align: middle; ">Financial expenses/(income), net</td>
<td style="border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; ">19</td>
<td style="border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; ">34</td>
<td style="border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; ">(15)</td>
</tr>
<tr>
<td style="border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; ">190</td>
<td style="border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; ">167</td>
<td style="border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; ">23</td>
<td style="border-bottom: solid black 1pt ; text-align: center ; vertical-align: middle; ">Amortization and depreciation</td>
<td style="border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; ">514</td>
<td style="border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; ">475</td>
<td style="border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; ">39</td>
</tr>
<tr>
<td style="border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; ">753</td>
<td style="border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; ">670</td>
<td style="border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; ">83</td>
<td style="border-bottom: solid black 1pt ; text-align: center ; vertical-align: middle; ">EBITDA </td>
<td style="border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; ">2,230</td>
<td style="border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; ">2,072</td>
<td style="border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; ">158</td>
</tr>
<tr>
<td style="border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; ">&#8211;</td>
<td style="border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; ">&#8211;</td>
<td style="border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; ">&#8211;</td>
<td style="border-bottom: solid black 1pt ; text-align: center ; vertical-align: middle; ">Adjustments</td>
<td style="border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; ">&#8211;</td>
<td style="border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; ">&#8211;</td>
<td style="border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; ">&#8211;</td>
</tr>
<tr>
<td style="border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; ">753</td>
<td style="border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; ">670</td>
<td style="border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; ">83</td>
<td style="border-bottom: solid black 1pt ; text-align: center ; vertical-align: middle; ">Adjusted EBITDA</td>
<td style="border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; ">2,230</td>
<td style="border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; ">2,072</td>
<td style="border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; ">158</td>
</tr>
</table></div>
<p align="justify" style="text-align:justify;"><b>Adjusted Operating profit</b> or Adjusted Earnings Before Interest and Taxes or <b>Adjusted EBIT</b> represents Operating profit (EBIT) as adjusted for certain income and costs which are significant in nature, expected to occur infrequently, and that management considers not reflective of ongoing operational activities.</p>
<div class="pcrstb-wrap"><table style="border-collapse: collapse; width:100%; border-collapse:collapse ;">
<tr>
<td colspan="3" style="border-top: solid black 1pt ; text-align: center ; vertical-align: middle; "><b>For the three months ended</b></td>
<td style="border-top: solid black 1pt ; text-align: center ; vertical-align: middle; "><b>(Euro million)</b></td>
<td colspan="3" style="border-top: solid black 1pt ; text-align: center ; vertical-align: middle; "><b>For the nine months ended</b></td>
</tr>
<tr>
<td colspan="3" style="border-bottom: solid black 1pt ; text-align: center ; vertical-align: middle; "><b>September 30,</b></td>
<td style="border-bottom: solid black 1pt ; "> </td>
<td colspan="3" style="border-bottom: solid black 1pt ; text-align: center ; vertical-align: middle; "><b>September 30,</b></td>
</tr>
<tr>
<td style="border-bottom: solid black 1pt ; text-align: center ; vertical-align: middle; "><b>2026</b></td>
<td style="border-bottom: solid black 1pt ; text-align: center ; vertical-align: middle; "><b>2025</b></td>
<td style="border-bottom: solid black 1pt ; text-align: center ; vertical-align: middle; "><b>Change</b></td>
<td style="border-bottom: solid black 1pt ; "> </td>
<td style="border-bottom: solid black 1pt ; text-align: center ; vertical-align: middle; "><b>2026</b></td>
<td style="border-bottom: solid black 1pt ; text-align: center ; vertical-align: middle; "><b>2025</b></td>
<td style="border-bottom: solid black 1pt ; text-align: center ; vertical-align: middle; "><b>Change</b></td>
</tr>
<tr>
<td style="border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; ">563</td>
<td style="border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; ">503</td>
<td style="border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; ">60</td>
<td style="border-bottom: solid black 1pt ; text-align: center ; vertical-align: middle; ">Operating profit (EBIT)</td>
<td style="border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; ">1,716</td>
<td style="border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; ">1,597</td>
<td style="border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; ">119</td>
</tr>
<tr>
<td style="border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; ">&#8211;</td>
<td style="border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; ">&#8211;</td>
<td style="border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; ">&#8211;</td>
<td style="border-bottom: solid black 1pt ; text-align: center ; vertical-align: middle; ">Adjustments</td>
<td style="border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; ">&#8211;</td>
<td style="border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; ">&#8211;</td>
<td style="border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; ">&#8211;</td>
</tr>
<tr>
<td style="border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; ">563</td>
<td style="border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; ">503</td>
<td style="border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; ">60</td>
<td style="border-bottom: solid black 1pt ; text-align: center ; vertical-align: middle; ">Adjusted Operating profit (EBIT)</td>
<td style="border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; ">1,716</td>
<td style="border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; ">1,597</td>
<td style="border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; ">119</td>
</tr>
</table></div>
<p align="justify" style="text-align:justify;"><b>Adjusted Net profit</b> represents net profit as adjusted for certain income and costs (net of tax effect) which are significant in nature, expected to occur infrequently, and that management considers not reflective of ongoing operational activities.</p>
<div class="pcrstb-wrap"><table style="border-collapse: collapse; width:100%; border-collapse:collapse ;">
<tr>
<td colspan="3" style="border-top: solid black 1pt ; text-align: center ; vertical-align: middle; "><b>For the three months ended</b></td>
<td style="border-top: solid black 1pt ; text-align: center ; vertical-align: middle; "><b>(Euro million)</b></td>
<td colspan="3" style="border-top: solid black 1pt ; text-align: center ; vertical-align: middle; "><b>For the nine months ended</b></td>
</tr>
<tr>
<td colspan="3" style="border-bottom: solid black 1pt ; text-align: center ; vertical-align: middle; "><b>September 30,</b></td>
<td style="border-bottom: solid black 1pt ; "> </td>
<td colspan="3" style="border-bottom: solid black 1pt ; text-align: center ; vertical-align: middle; "><b>September 30,</b></td>
</tr>
<tr>
<td style="border-bottom: solid black 1pt ; text-align: center ; vertical-align: middle; "><b>2026</b></td>
<td style="border-bottom: solid black 1pt ; text-align: center ; vertical-align: middle; "><b>2025</b></td>
<td style="border-bottom: solid black 1pt ; text-align: center ; vertical-align: middle; "><b>Change</b></td>
<td style="border-bottom: solid black 1pt ; "> </td>
<td style="border-bottom: solid black 1pt ; text-align: center ; vertical-align: middle; "><b>2026</b></td>
<td style="border-bottom: solid black 1pt ; text-align: center ; vertical-align: middle; "><b>2025</b></td>
<td style="border-bottom: solid black 1pt ; text-align: center ; vertical-align: middle; "><b>Change</b></td>
</tr>
<tr>
<td style="border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; ">431</td>
<td style="border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; ">382</td>
<td style="border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; ">49</td>
<td style="border-bottom: solid black 1pt ; text-align: center ; vertical-align: middle; ">Net profit</td>
<td style="border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; ">1,307</td>
<td style="border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; ">1,219</td>
<td style="border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; ">88</td>
</tr>
<tr>
<td style="border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; ">&#8211;</td>
<td style="border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; ">&#8211;</td>
<td style="border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; ">&#8211;</td>
<td style="border-bottom: solid black 1pt ; text-align: center ; vertical-align: middle; ">Adjustments</td>
<td style="border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; ">&#8211;</td>
<td style="border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; ">&#8211;</td>
<td style="border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; ">&#8211;</td>
</tr>
<tr>
<td style="border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; ">431</td>
<td style="border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; ">382</td>
<td style="border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; ">49</td>
<td style="border-bottom: solid black 1pt ; text-align: center ; vertical-align: middle; ">Adjusted net profit</td>
<td style="border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; ">1,307</td>
<td style="border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; ">1,219</td>
<td style="border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; ">88</td>
</tr>
</table></div>
<p></p>
<p align="justify" style="text-align:justify;"><b>Basic and diluted EPS<sup>(</sup></b><sup>14</sup><b><sup>) </sup></b>are determined as per the table here below. <b>Adjusted EPS</b> represents EPS as adjusted for certain income and costs (net of tax effect) which are significant in nature, expected to occur infrequently, and that management considers not reflective of ongoing operational activities.</p>
<div class="pcrstb-wrap"><table style="border-collapse: collapse; width:100%; border-collapse:collapse ;">
<tr>
<td colspan="3" style="border-top: solid black 1pt ; text-align: center ; vertical-align: middle; "><b>For the three months ended</b></td>
<td style="border-top: solid black 1pt ; text-align: center ; vertical-align: middle; "><b>(Euro million, unless otherwise stated)</b></td>
<td colspan="3" style="border-top: solid black 1pt ; text-align: center ; vertical-align: middle; "><b>For the nine months ended</b></td>
<td> </td>
</tr>
<tr>
<td colspan="3" style="text-align: center ; vertical-align: middle; "><b>September 30,</b></td>
<td style="text-align: center ; vertical-align: middle; "><b> </b></td>
<td colspan="3" style="text-align: center ; vertical-align: middle; "><b>September 30,</b></td>
<td style="border-bottom: solid black 1pt ; "> </td>
</tr>
<tr>
<td style="border-top: solid black 1pt ; border-bottom: solid black 1pt ; text-align: center ; vertical-align: middle; "><b>2026</b></td>
<td style="border-top: solid black 1pt ; border-bottom: solid black 1pt ; text-align: center ; vertical-align: middle; "><b>2025</b></td>
<td style="border-top: solid black 1pt ; border-bottom: solid black 1pt ; text-align: center ; vertical-align: middle; "><b>Change</b></td>
<td style="border-top: solid black 1pt ; border-bottom: solid black 1pt ; text-align: center ; vertical-align: middle; "> </td>
<td style="border-top: solid black 1pt ; border-bottom: solid black 1pt ; text-align: center ; vertical-align: middle; "><b>2026</b></td>
<td style="border-top: solid black 1pt ; border-bottom: solid black 1pt ; text-align: center ; vertical-align: middle; "><b>2025</b></td>
<td colspan="2" style="border-top: solid black 1pt ; border-bottom: solid black 1pt ; text-align: center ; vertical-align: middle; "><b>Change</b></td>
</tr>
<tr>
<td style="border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; ">430</td>
<td style="border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; ">381</td>
<td style="border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; ">49</td>
<td style="border-bottom: solid black 1pt ; text-align: center ; vertical-align: middle; ">Net profit attributable to the owners of the Company</td>
<td style="border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; ">1,305</td>
<td style="border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; ">1,217</td>
<td colspan="2" style="border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; ">88</td>
</tr>
<tr>
<td style="border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; ">175,730</td>
<td style="border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; ">178,148</td>
<td style="border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; "> </td>
<td style="border-bottom: solid black 1pt ; text-align: center ; vertical-align: middle; ">Weighted average number of common shares (thousand)</td>
<td style="border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; ">176,309</td>
<td style="border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; ">178,340</td>
<td colspan="2" style="border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; "> </td>
</tr>
<tr>
<td style="border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; ">2.45</td>
<td style="border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; ">2.14</td>
<td style="border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; ">0.31</td>
<td style="border-bottom: solid black 1pt ; text-align: center ; vertical-align: middle; ">Basic EPS (in Euro)</td>
<td style="border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; ">7.40</td>
<td style="border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; ">6.83</td>
<td colspan="2" style="border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; ">0.57</td>
</tr>
<tr>
<td style="border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; ">&#8211;</td>
<td style="border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; ">&#8211;</td>
<td style="border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; ">&#8211;</td>
<td style="border-bottom: solid black 1pt ; text-align: center ; vertical-align: middle; ">Adjustments </td>
<td style="border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; ">&#8211;</td>
<td style="border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; ">&#8211;</td>
<td colspan="2" style="border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; ">&#8211;</td>
</tr>
<tr>
<td style="border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; ">2.45</td>
<td style="border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; ">2.14</td>
<td style="border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; ">0.31</td>
<td style="border-bottom: solid black 1pt ; text-align: center ; vertical-align: middle; ">Adjusted basic EPS (in Euro)</td>
<td style="border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; ">7.40</td>
<td style="border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; ">6.83</td>
<td colspan="2" style="border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; ">0.57</td>
</tr>
<tr>
<td style="border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; ">175,931</td>
<td style="border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; ">178,348</td>
<td style="border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; "> </td>
<td style="border-bottom: solid black 1pt ; text-align: center ; vertical-align: middle; ">Weighted average number of common shares for diluted earnings per common share (thousand)</td>
<td style="border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; ">176,510</td>
<td style="border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; ">178,540</td>
<td colspan="2" style="border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; "> </td>
</tr>
<tr>
<td style="border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; ">2.44</td>
<td style="border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; ">2.14</td>
<td style="border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; ">0.30</td>
<td style="border-bottom: solid black 1pt ; text-align: center ; vertical-align: middle; ">Diluted EPS (in Euro)</td>
<td style="border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; ">7.39</td>
<td style="border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; ">6.82</td>
<td colspan="2" style="border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; ">0.57</td>
</tr>
<tr>
<td style="border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; ">&#8211;</td>
<td style="border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; ">&#8211;</td>
<td style="border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; ">&#8211;</td>
<td style="border-bottom: solid black 1pt ; text-align: center ; vertical-align: middle; ">Adjustments </td>
<td style="border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; ">&#8211;</td>
<td style="border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; ">&#8211;</td>
<td colspan="2" style="border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; ">&#8211;</td>
</tr>
<tr>
<td style="border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; ">2.44</td>
<td style="border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; ">2.14</td>
<td style="border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; ">0.30</td>
<td style="border-bottom: solid black 1pt ; text-align: center ; vertical-align: middle; ">Adjusted diluted EPS (in Euro)</td>
<td style="border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; ">7.39</td>
<td style="border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; ">6.82</td>
<td colspan="2" style="border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; ">0.57</td>
</tr>
<tr>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
</tr>
</table></div>
<p align="justify" style="text-align:justify;"><b>Capex and R&amp;D</b></p>
<div class="pcrstb-wrap"><table style="border-collapse: collapse; width:100%; border-collapse:collapse ;">
<tr>
<td colspan="2" style="border-top: solid black 1pt ; text-align: center ; vertical-align: middle; "><b>For the three months ended</b></td>
<td style="border-top: solid black 1pt ; text-align: center ; vertical-align: middle; "><b>(Euro million)</b></td>
<td colspan="2" style="border-top: solid black 1pt ; text-align: center ; vertical-align: middle; "><b>For the nine months ended</b></td>
</tr>
<tr>
<td colspan="2" style="border-bottom: solid black 1pt ; text-align: center ; vertical-align: middle; "><b>September 30,</b></td>
<td style="border-bottom: solid black 1pt ; "> </td>
<td colspan="2" style="border-bottom: solid black 1pt ; text-align: center ; vertical-align: middle; "><b>September 30,</b></td>
</tr>
<tr>
<td style="border-bottom: solid black 1pt ; text-align: center ; vertical-align: middle; "><b>2026</b></td>
<td style="border-bottom: solid black 1pt ; text-align: center ; vertical-align: middle; "><b>2025</b></td>
<td style="border-bottom: solid black 1pt ; "> </td>
<td style="border-bottom: solid black 1pt ; text-align: center ; vertical-align: middle; "><b>2026</b></td>
<td style="border-bottom: solid black 1pt ; text-align: center ; vertical-align: middle; "><b>2025</b></td>
</tr>
<tr>
<td style="border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; ">226</td>
<td style="border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; ">230</td>
<td style="border-bottom: solid black 1pt ; text-align: center ; vertical-align: middle; ">Capital expenditures<sup>(8)</sup></td>
<td style="border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; ">715</td>
<td style="border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; ">693</td>
</tr>
<tr>
<td style="border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; ">118</td>
<td style="border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; ">106</td>
<td style="border-bottom: solid black 1pt ; text-align: center ; vertical-align: middle; ">of which capitalized development costs<sup>(</sup><sup>15</sup><sup>)</sup> (A)</td>
<td style="border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; ">352</td>
<td style="border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; ">326</td>
</tr>
<tr>
<td style="border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; ">151</td>
<td style="border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; ">138</td>
<td style="border-bottom: solid black 1pt ; text-align: center ; vertical-align: middle; ">Research and development costs expensed (B)</td>
<td style="border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; ">451</td>
<td style="border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; ">444</td>
</tr>
<tr>
<td style="border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; ">269</td>
<td style="border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; ">244</td>
<td style="border-bottom: solid black 1pt ; text-align: center ; vertical-align: middle; ">Total research and development (A+B)</td>
<td style="border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; ">803</td>
<td style="border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; ">770</td>
</tr>
<tr>
<td style="border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; ">100</td>
<td style="border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; ">84</td>
<td style="border-bottom: solid black 1pt ; text-align: center ; vertical-align: middle; ">Amortization of capitalized development costs (C)</td>
<td style="border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; ">263</td>
<td style="border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; ">236</td>
</tr>
<tr>
<td style="border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; ">251</td>
<td style="border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; ">222</td>
<td style="border-bottom: solid black 1pt ; text-align: center ; vertical-align: middle; ">Research and development costs as recognized <br />in the consolidated income statement (B+C)</td>
<td style="border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; ">714</td>
<td style="border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; ">680</td>
</tr>
</table></div>
<p><b><br /></b></p>
<p align="justify" style="text-align:justify;"><b>Free Cash Flow </b>and<b> Free Cash Flow from Industrial Activities </b>are two of management’s primary key performance indicators to measure the Group’s performance. Free Cash Flow is defined as consolidated cash flows from operating activities less investments in property, plant and equipment (excluding right-of-use assets recognized during the period in accordance with IFRS 16 — Leases), and intangible assets. Free Cash Flow from Industrial Activities is defined as Free Cash Flow adjusted to exclude the operating cash flow from our financial services activities (Free Cash Flow from Financial Services Activities). Free Cash Flow from Financial Services Activities is defined as cash flows from operating activities of our financial services activities less investments in property, plant and equipment (excluding right-of-use assets recognized during the period in accordance with IFRS 16 — Leases), intangible assets of our financial services activities.</p>
<div class="pcrstb-wrap"><table style="border-collapse: collapse; width:100%; border-collapse:collapse ;">
<tr>
<td colspan="2" style="border-top: solid black 1pt ; text-align: center ; vertical-align: middle; "><b>For the three months ended</b></td>
<td style="border-top: solid black 1pt ; text-align: center ; vertical-align: middle; "><b>(Euro million)</b></td>
<td colspan="2" style="border-top: solid black 1pt ; text-align: center ; vertical-align: middle; "><b>For the nine months ended</b></td>
</tr>
<tr>
<td colspan="2" style="border-bottom: solid black 1pt ; text-align: center ; vertical-align: middle; "><b>September 30,</b></td>
<td style="border-bottom: solid black 1pt ; "> </td>
<td colspan="2" style="border-bottom: solid black 1pt ; text-align: center ; vertical-align: middle; "><b>September 30,</b></td>
</tr>
<tr>
<td style="border-bottom: solid black 1pt ; text-align: center ; vertical-align: middle; "><b>2026</b></td>
<td style="border-bottom: solid black 1pt ; text-align: center ; vertical-align: middle; "><b>2025</b></td>
<td style="border-bottom: solid black 1pt ; "> </td>
<td style="border-bottom: solid black 1pt ; text-align: center ; vertical-align: middle; "><b>2026</b></td>
<td style="border-bottom: solid black 1pt ; text-align: center ; vertical-align: middle; "><b>2025</b></td>
</tr>
<tr>
<td style="border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; ">737</td>
<td style="border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; ">588</td>
<td style="border-bottom: solid black 1pt ; text-align: center ; vertical-align: middle; ">Cash flow from operating activities</td>
<td style="border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; ">2,037</td>
<td style="border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; ">1,830</td>
</tr>
<tr>
<td style="border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; ">(226)</td>
<td style="border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; ">(230)</td>
<td style="border-bottom: solid black 1pt ; text-align: center ; vertical-align: middle; ">Investments in property, plant and<br /> equipment and intangible assets</td>
<td style="border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; ">(715)</td>
<td style="border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; ">(693)</td>
</tr>
<tr>
<td style="border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; ">511</td>
<td style="border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; ">358</td>
<td style="border-bottom: solid black 1pt ; text-align: center ; vertical-align: middle; ">Free Cash Flow</td>
<td style="border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; ">1,322</td>
<td style="border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; ">1,137</td>
</tr>
<tr>
<td style="border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; ">(56)</td>
<td style="border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; ">(38)</td>
<td style="border-bottom: solid black 1pt ; text-align: center ; vertical-align: middle; ">Free Cash Flow from Financial Services Activities</td>
<td style="border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; ">(174)</td>
<td style="border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; ">(77)</td>
</tr>
<tr>
<td style="border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; ">567</td>
<td style="border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; ">396</td>
<td style="border-bottom: solid black 1pt ; text-align: center ; vertical-align: middle; ">Free Cash Flow from Industrial Activities<sup>(</sup><sup>16</sup><sup>)</sup></td>
<td style="border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; ">1,496</td>
<td style="border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; ">1,214</td>
</tr>
</table></div>
<p align="justify" style="text-align:justify;"><b>Net Industrial (Debt)/Cash</b>, defined as total Debt less Cash and Cash Equivalents (Net (Debt)/Cash), further adjusted to exclude the debt and cash and cash equivalents related to our financial services activities (Net (Debt)/Cash of Financial Services Activities). Net Debt of Financial Services Activities is defined as debt of our financial services activities less cash and cash equivalents of our financial services activities. The Net Debt of Financial Services Activities primarily relates to our asset-backed financing (securitizations) of the receivables generated by our financial services activities in the United States.</p>
<div class="pcrstb-wrap"><table style="border-collapse: collapse; width:100%; border-collapse:collapse ;">
<tr>
<td style="border-top: solid black 1pt ; border-bottom: solid black 1pt ; "><b>(Euro million)</b></td>
<td style="border-top: solid black 1pt ; border-bottom: solid black 1pt ; text-align: center ; vertical-align: middle; vertical-align: top ; "><b>Sept. 30, 2026</b></td>
<td style="border-top: solid black 1pt ; border-bottom: solid black 1pt ; text-align: center ; vertical-align: middle; vertical-align: top ; "><b>Jun. 30,</b><br /><b>2026</b></td>
<td style="border-top: solid black 1pt ; border-bottom: solid black 1pt ; text-align: center ; vertical-align: middle; vertical-align: top ; "><b>Mar. 31, 2026</b></td>
<td style="border-top: solid black 1pt ; border-bottom: solid black 1pt ; text-align: center ; vertical-align: middle; vertical-align: top ; "><b>Dec. 31,</b><br /><b>2025</b></td>
</tr>
<tr>
<td style="border-bottom: solid black 1pt ; ">Debt</td>
<td style="border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; ">(3,122)</td>
<td style="border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; ">(3,166)</td>
<td style="border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; ">(2,929)</td>
<td style="border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; ">(2,884)</td>
</tr>
<tr>
<td style="border-bottom: solid black 1pt ; ">of which lease liabilities as per IFRS 16</td>
<td style="border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; ">(156)</td>
<td style="border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; ">(157)</td>
<td style="border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; ">(161)</td>
<td style="border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; ">(162)</td>
</tr>
<tr>
<td style="border-bottom: solid black 1pt ; ">Cash and Cash Equivalents</td>
<td style="border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; ">1,729</td>
<td style="border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; ">1,486</td>
<td style="border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; ">1,857</td>
<td style="border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; ">1,467</td>
</tr>
<tr>
<td style="border-bottom: solid black 1pt ; ">Net (Debt)/Cash</td>
<td style="border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; ">(1,393)</td>
<td style="border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; ">(1,680)</td>
<td style="border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; ">(1,072)</td>
<td style="border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; ">(1,417)</td>
</tr>
<tr>
<td style="border-bottom: solid black 1pt ; ">Net (Debt)/Cash of Financial Services Activities</td>
<td style="border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; ">(1,612)</td>
<td style="border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; ">(1,549)</td>
<td style="border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; ">(1,460)</td>
<td style="border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; ">(1,385)</td>
</tr>
<tr>
<td style="border-bottom: solid black 1pt ; ">Net Industrial (Debt)/Cash</td>
<td style="border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; ">219</td>
<td style="border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; ">(131)</td>
<td style="border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; ">388</td>
<td style="border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; ">(32)</td>
</tr>
</table></div>
<p></p>
<hr />
<p align="justify" style="text-align:justify;"><sup>1</sup>   The term EBIT is used as a synonym for Operating profit. Adjusted metrics equaled the reported ones, since there were no adjustments impacting EBITDA, EBITDA margin, EBIT, EBIT margin, Net profit, Basic EPS and Diluted EPS in the periods presented. Refer to specific paragraph on non-GAAP financial measures.</p>
<p align="justify" style="text-align:justify;"><sup>2</sup>    Free cash flow from industrial activities for the three and nine months ended September 30, 2025 have been re-presented to include Euro 32 million mainly related to withholding taxes, which were paid in the third quarter.</p>
<p align="justify" style="text-align:justify;"><sup>3</sup>   These results have been prepared in accordance with the IFRS Accounting Standards (“IFRS Accounting Standards”) as issued by the International Accounting Standards Board (“IASB”) as well as IFRS Accounting Standards as adopted by the European Union</p>
<p align="justify" style="text-align:justify;"><sup>4</sup>       Includes net revenues generated from shipments of our cars, any personalization generated on these cars, as well as sales of spare parts</p>
<p align="justify" style="text-align:justify;"><sup>5</sup>       Includes net revenues earned by our racing teams (mainly in the Formula 1 World Championship and the World Endurance Championship) through sponsorship agreements and our share of the Formula 1 World Championship commercial revenues, as well as net revenues generated through the Ferrari brand, including lifestyle collections, merchandising, licensing and royalty income</p>
<p align="justify" style="text-align:justify;"><sup>6</sup>       Primarily relates to financial services activities, management of the Mugello racetrack and other sports-related activities, as well as net revenues generated from the rental of engines to other Formula 1 racing teams</p>
<p align="justify" style="text-align:justify;"><sup>7</sup>    In Q3 2026 the effective tax rate benefits from the new Patent Box regime regulated by Law Decree No. 146 and effective from October 22, 2021, which provides for a 110% super tax deduction for costs relating to eligible intangible assets</p>
<p align="justify" style="text-align:justify;"><sup>8</sup>   Capital expenditures excluding right-of-use assets recognized during the period in accordance with IFRS 16 &#8211; Leases</p>
<p><sup>9</sup>    Calculated using the weighted average diluted number of common shares as of September 30, 2026 (176,510 thousand)</p>
<p align="justify" style="text-align:justify;"><sup>10</sup>  Calculated using the weighted average diluted number of common shares as of June 30, 2026 (176,804 thousand)</p>
<p align="justify" style="text-align:justify;"><sup>11</sup>  Calculated using the weighted average diluted number of common shares as of December 31, 2025 (178,321 thousand)</p>
<p align="justify" style="text-align:justify;"><sup>12</sup>  Excluding strictly limited racing cars (such as the XX Programme and the 499P Modificata), one-off and pre-owned cars, and other special sales</p>
<p align="justify" style="text-align:justify;"><sup>13</sup>  EMEA includes: Italy, UK, Germany, Switzerland, France, Middle East (includes the United Arab Emirates, Saudi Arabia, Bahrain, Lebanon, Qatar, Oman and Kuwait), Africa and European markets not separately identified; Americas includes: United States of America, Canada, Mexico, the Caribbean and Central and South America; Rest of APAC mainly includes: Japan, Australia, Singapore, Indonesia, South Korea, Thailand, India and Malaysia</p>
<p align="justify" style="text-align:justify;"><sup>14</sup>  The weighted average number of common shares for diluted earnings per share was increased to take into consideration the theoretical effect of the potential common shares that would be issued for outstanding share-based awards granted by the Group (assuming 100 percent of the target awards vested)</p>
<p align="justify" style="text-align:justify;"><sup>15</sup>  Capitalized as intangible assets</p>
<p align="justify" style="text-align:justify;"><sup>16</sup> Free cash flow from industrial activities for the three and nine months ended September 30, 2025 has been re-presented to include Euro 32 million mainly related to withholding taxes, which were paid in the third quarter. Starting from the three and six months ended June 30, 2026 the free cash flow from industrial activities excludes withholding taxes.</p>
<p></p>
<p id="gnw_attachments_section-header"> <strong>Attachment</strong> </p>
<ul id="gnw_attachments_section-items">
<li> <a target="_blank" href="https://www.globenewswire.com/Tracker?data=Pmy33hKAUrBc3CG7UhcT_4uRSs-P6tZQ4BAiTX93BjQ1vaIhdhvbmPzG63a85jhFIhuLyrf14l5I6tzk3M7jUh96_rTdwwpOAoWYfkACXswegI-Rm4Dz4BHKzy1znclwsGC74rs1O-aQekkLb8uyVK9g1Qi0SzmZv-RcHCOZgBiU-PTcI57T2MPnj4rCzYRuF6b-Ni_X_mDW93G-1efXYg==" title="2026_11_03 - Ferrari Q3 2026 Results Press Release" rel="nofollow">2026_11_03 &#8211; Ferrari Q3 2026 Results Press Release</a> </li>
</ul>
<p><img alt="" src='https://ml-eu.globenewswire.com/media/MjFlZDBmMmQtOWMxYi00ZTZiLWJkMjUtYWEyOGIyNDVmY2M1LTEwMzE0OTMtMjAyNi0xMS0wMy1lbg==/tiny/Ferrari-N-V-.png' referrerpolicy='no-referrer-when-downgrade' />  </p>
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		<title>Inside FREELANDER Nightfall, a Brand Evening in Wuhu</title>
		<link>https://asiainsiders.net/inside-freelander-nightfall-a-brand-evening-in-wuhu/</link>
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		<dc:creator><![CDATA[Asia Insider]]></dc:creator>
		<pubDate>Mon, 02 Nov 2026 11:29:00 +0000</pubDate>
				<category><![CDATA[Business]]></category>
		<category><![CDATA[GlobeNewswire]]></category>
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					<description><![CDATA[ SHANGHAI, Nov. 02, 2026 (GLOBE NEWSWIRE) -- FREELANDER hosted its international guests at FREELANDER Nightfall at the Hengli Hotel in Wuhu last month, as part of the 2026 Chery International User Summit. Conceived as a brand experience rather than a launch event, the evening brought together intelligent technology and British style. Arriving at FREELANDER Nightfall Guests were greeted by Mornine, an embodied AI humanoid robot from Chery International’s AiMOGA brand, with FREELANDER 8 on display at the entrance and live...]]></description>
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<p>SHANGHAI, Nov. 02, 2026 <a href="https://www.globenewswire.com" target="_blank">(GLOBE NEWSWIRE)</a> &#8212; FREELANDER hosted its international guests at FREELANDER Nightfall at the Hengli Hotel in Wuhu last month, as part of the 2026 Chery International User Summit. Conceived as a brand experience rather than a launch event, the evening brought together intelligent technology and British style.</p>
<p><strong>Arriving at FREELANDER Nightfall</strong></p>
<p>Guests were greeted by Mornine, an embodied AI humanoid robot from Chery International’s AiMOGA brand, with FREELANDER 8 on display at the entrance and live jazz setting the mood. Inside, the experience zones held a FREELANDER 8 wheel display, samples of the exterior finishes and a Harman Kardon sound installation. The international five-seat version of FREELANDER 8 made its first public appearance alongside the six-seat version.</p>
<p align="center" style="text-align:center;"><img decoding="async" alt="Image 1 Guests at FREELANDER Nightfall at the Hengli Hotel in Wuhu" height="338" src="https://ml.globenewswire.com/Resource/Download/e0a9ffe4-abf3-4306-a4f5-ce72b6b67585/image-1-guests-at-freelander-nightfall-at-the-hengli-hotel-in-wuhu.jpg" width="600" data-dpi="96" data-caption="Image 1" data-filename="Image 1 Guests at FREELANDER Nightfall at the Hengli Hotel in Wuhu.jpg" /></p>
<p align="center" style="text-align:center;"><em>Guests at FREELANDER Nightfall at the Hengli Hotel in Wuhu</em></p>
<p><strong>On Stage</strong></p>
<p>Ms Lucia Mao, CEO of FREELANDER International, told the brand story, announced the AI Voice Assistant and introduced i-ATS (Intelligent All-Terrain System). Mr Phil Simmons, EVP of the FREELANDER Design Hub, then took guests through the design of FREELANDER 8, from the Castle-Style Body Design to the Iconic Triangle Window.</p>
<p>“For me, bringing FREELANDER to the world means more than entering new markets. It means earning the trust of our customers, every day. That takes a great product, strong local partners and service people can rely on,” said Ms Mao.</p>
<p align="center" style="text-align:center;"><img decoding="async" alt="Image 2 Mr Phil Simmons presents the design of FREELANDER 8 at FREELANDER Nightfall" src="https://ml.globenewswire.com/Resource/Download/d666b660-cc15-4988-b600-1d8fc52db3d6/image-2-mr-phil-simmons-presents-the-design-of-freelander-8-at-freelander-nightfall.jpg" data-dpi="96" data-caption="Image 2" data-filename="Image 2 Mr Phil Simmons presents the design of FREELANDER 8 at FREELANDER Nightfall.jpg" /></p>
<p align="center" style="text-align:center;"><em>Mr Phil Simmons, EVP of the FREELANDER Design Hub, presents the design of FREELANDER 8 at FREELANDER Nightfall</em></p>
<p><strong>A Night for Partners</strong></p>
<p>FREELANDER signed partnership agreements with EK Kanoo Group in Bahrain and Saud Bahwan Group in Oman, and presented its dealer partners with framed photographs autographed by Mr Simmons.</p>
<p>The evening set out what FREELANDER 8 stands for: British Craftsmanship, Smart Confidence and All-Terrain Freedom, with i-ATS at the core of its all-terrain capability. This combination reflects the brand slogan “Beyond the Legend”. FREELANDER 8 is expected to launch in the UAE in the first quarter of 2027.</p>
<p><strong>About FREELANDER</strong></p>
<p>FREELANDER is a British Premium Intelligent All-Terrain Brand, jointly developed by JLR and Chery Group. JLR owns the FREELANDER brand and has established a dedicated FREELANDER Design Hub to lead its design. Chery provides advanced intelligent technology and a top-tier global supply chain. The brand’s global foundation includes more than 5,000 employees, five strategic hubs and fully integrated capabilities spanning design, R&amp;D, manufacturing and global operations.</p>
<p>Daniel Bao<br />freelander.international@mychery.com<br />https://www.cheryinternational.com/</p>
<p>Photos accompanying this announcement are available at</p>
<p><a href="https://www.globenewswire.com/Tracker?data=ONymJeGiVQcNf6Q8gHr4HEMk1Yo00Dmd38Gj0hEBqFZ1JoQiQvvbTWIGe981Ir9dWcvEQzHE0OU2SYwYyQzYzGxZcFvDWajy_X0P8_YG7JE9A2NNOAKKNlrIHqx8WsnupaiQR4u8ty47nYgIKBMdKz7bp2K8ZBct2H53T5g9-IIOzbRrLrBdIFu9NRVt2A0l3CMF7uwIkoz-2Lgou4XXVwNjAYQJL4v2rGc_NyLsszrjufvnrLSIcoG8QDp-mpjwsXFITSBC40LDeqWuKSmykA==" rel="nofollow" target="_blank" title="">https://www.globenewswire.com/NewsRoom/AttachmentNg/e0a9ffe4-abf3-4306-a4f5-ce72b6b67585</a></p>
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		<title>International Media Get Their First Taste of FREELANDER in Wuhu</title>
		<link>https://asiainsiders.net/international-media-get-their-first-taste-of-freelander-in-wuhu/</link>
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		<dc:creator><![CDATA[Asia Insider]]></dc:creator>
		<pubDate>Mon, 02 Nov 2026 11:29:00 +0000</pubDate>
				<category><![CDATA[Business]]></category>
		<category><![CDATA[GlobeNewswire]]></category>
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					<description><![CDATA[ SHANGHAI, Nov. 02, 2026 (GLOBE NEWSWIRE) -- International media from Spain, Slovenia, Qatar and other countries were among the guests at the 2026 Chery International User Summit in Wuhu last month. For most, it was a first chance to see FREELANDER in person and to join the first test drive of the international variant of FREELANDER 8, the brand’s premium intelligent all-terrain SUV. Their first reports have since been published in Spain and Slovenia.  FREELANDER 8 reaches the top...]]></description>
										<content:encoded><![CDATA[
<p>SHANGHAI, Nov. 02, 2026 <a href="https://www.globenewswire.com" target="_blank">(GLOBE NEWSWIRE)</a> &#8212; International media from Spain, Slovenia, Qatar and other countries were among the guests at the 2026 Chery International User Summit in Wuhu last month. For most, it was a first chance to see FREELANDER in person and to join the first test drive of the international variant of FREELANDER 8, the brand’s premium intelligent all-terrain SUV. Their first reports have since been published in Spain and Slovenia.</p>
<p align="center" style="text-align:center;"><img decoding="async" alt="Image 1 FREELANDER 8 reaches the top of the hill-climb ramp on the obstacle course" height="338" src="https://ml.globenewswire.com/Resource/Download/c1b90632-8b0c-4980-8308-2b0bdeb1e7b1/image-1-freelander-8-reaches-the-top-of-the-hill-climb-ramp-on-the-obstacle-course.jpg" width="600" data-dpi="96" data-caption="Image 1" data-filename="Image 1 FREELANDER 8 reaches the top of the hill-climb ramp on the obstacle course.jpg" /></p>
<p align="center" style="text-align:center;"><em>FREELANDER 8 reaches the top of the hill-climb ramp on the obstacle course during the first test drive of the international variant of FREELANDER 8</em></p>
<p>The test drive took guests through mud and gravel at Tuju Campground, then a steep hill-climb ramp, water and cross-axle sections on the obstacle course, and a paved test course. The i-ATS (Intelligent All-Terrain System) helps drivers adapt to changing terrain. In Smart Mode, it selects a suitable mode as conditions change. A separate session introduced SIVP (Super Intelligent Valet Parking), which will be available in selected markets for supported parking scenarios, subject to system operating conditions. All driving took place on dedicated courses.</p>
<p align="center" style="text-align:center;"><img loading="lazy" decoding="async" alt="Image 2 Side view of FREELANDER 8 in motion on the paved test course" height="338" src="https://ml.globenewswire.com/Resource/Download/5b23c4dd-8a85-43fa-a0da-c123e7984383/image-2-side-view-of-freelander-8-in-motion-on-the-paved-test-course.jpg" width="600" data-dpi="96" data-caption="Image 2" data-filename="Image 2 Side view of FREELANDER 8 in motion on the paved test course.jpg" /></p>
<p align="center" style="text-align:center;"><em>Side view of FREELANDER 8 in motion on the paved test course during the first test drive of the international variant of FREELANDER 8</em></p>
<p><strong>What Stayed With Them</strong></p>
<p>A guest from Qatar put it simply: “to experience it in real life, it was a different thing.” A guest from Spain admitted their heart was pounding on the steep descent, then added: “I trust the car.”</p>
<p>Guests left with a clearer sense of FREELANDER’s British design heritage and of how British Craftsmanship, Smart Confidence and All-Terrain Freedom come together in FREELANDER 8. The model is expected to launch in the UAE in the first quarter of 2027.</p>
<p><strong>About FREELANDER</strong></p>
<p>FREELANDER is a British Premium Intelligent All-Terrain Brand, jointly developed by JLR and Chery Group. JLR owns the FREELANDER brand and has established a dedicated FREELANDER Design Hub to lead its design. Chery provides advanced intelligent technology and a top-tier global supply chain. The brand’s global foundation includes more than 5,000 employees, five strategic hubs and fully integrated capabilities spanning design, R&amp;D, manufacturing and global operations.</p>
<p><strong>Media contact</strong><br />Daniel Bao<br />freelander.international@mychery.com<br />https://www.cheryinternational.com/</p>
<p>Photos accompanying this announcement are available at </p>
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		<title>SANYIPACE Spotlights S850DSTKM for Professional Sewer Inspection and Maintenance</title>
		<link>https://asiainsiders.net/sanyipace-spotlights-s850dstkm-for-professional-sewer-inspection-and-maintenance/</link>
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		<dc:creator><![CDATA[Asia Insider]]></dc:creator>
		<pubDate>Sun, 01 Nov 2026 09:00:00 +0000</pubDate>
				<category><![CDATA[Business]]></category>
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					<description><![CDATA[ The system combines self-leveling imaging, camera-head locating support, and recording capabilities for professional inspection workflowsBERLIN, Nov. 01, 2026 (GLOBE NEWSWIRE) -- SANYIPACE is highlighting its S850DSTKM sewer inspection camera and its applications in professional drainage maintenance. Part of the company’s pipe inspection range, the system combines self-leveling imaging, a built-in 512 Hz sonde, and cable-distance tracking to support pipe assessment and inspection documentation. Integrated Inspection and Locating Capabilities The S850DSTKM features a self-leveling camera head that keeps inspection images upright...]]></description>
										<content:encoded><![CDATA[
<p><em>The system combines self-leveling imaging, camera-head locating support, and recording capabilities for professional inspection workflows</em></p>
<p>BERLIN, Nov. 01, 2026 <a href="https://www.globenewswire.com" target="_blank">(GLOBE NEWSWIRE)</a> &#8212; SANYIPACE is highlighting its <a href="https://www.globenewswire.com/Tracker?data=Hs0FW1Q3oh3W84Ej6jczScVDtfnuMTHWNmcsb3arZx0_8S0QuNLaFNumv3PuKE5H7wReqxlFmiN5SUIt1SarRLQeraDXh2jbKPgc1g8mTdWyUuTaKGsHHfWwWBBZtcKXRn3scgz7UfL5R8g6dwJ-IpamR5JF2d_dxr0Tq1a0MSe60iDibtn13_56qu7lquylEbW7Gv4TMCh7ZyQNew_y64F7WVXrEX2yYWu6lH32BV3antwXDnLPlKx9lO0ie0Eb6noxnsXVKQB8G5yjYG5Bbio2MQNeg16-2dKSLN9zjFg=" rel="nofollow" target="_blank" title=""><u>S850DSTKM sewer inspection camera</u></a> and its applications in professional drainage maintenance. Part of the company’s pipe inspection range, the system combines self-leveling imaging, a built-in 512 Hz sonde, and cable-distance tracking to support pipe assessment and inspection documentation.</p>
<p><strong>Integrated Inspection and Locating Capabilities</strong></p>
<p><img loading="lazy" decoding="async" alt="SANYIPACE sewer inspection camera with integrated 512 Hz sonde for locating the camera head underground." data-mce-style="display: block; margin-left: auto; margin-right: auto;" height="340" src="https://ml.globenewswire.com/Resource/Download/284a93a5-19f6-468c-a2cd-38c652db1f05/image1.png" style="display:block; margin-left:auto; margin-right:auto;" width="600" data-dpi="96" data-caption="The integrated 512 Hz sonde supports underground camera-head locating with a compatible receiver." data-filename="image1.png" /><br />The S850DSTKM features a <a href="https://www.globenewswire.com/Tracker?data=FYKs1mJU0wBAa1l20v93kOo7Oium-mJUk-NB1uvwHelHzlxCG28G1vgdfcO0YuxK36sRjtrKOG6xb5b24xBkiAFKqKADFG4-HZfvFZGW6PcJ5uc-5ACrICFrJCid1lu8MO3smM26b6_WaImZMC0ck5hKJ_L9EnHasv64vbh6CRc=" rel="nofollow" target="_blank" title=""><u>self-leveling camera</u></a> head that keeps inspection images upright as the camera moves through a pipe. A 10-inch IPS monitor displays 1080P images, while 12 LEDs with five brightness settings provide adjustable illumination.</p>
<p>An integrated distance counter displays deployed cable length in meters or feet. The built-in 512 Hz sonde works with a compatible receiver to help operators locate the camera head from above ground. A compatible receiver is required for above-ground locating and is available separately or as part of selected packages.</p>
<p>Together, these functions help operators connect visible findings with cable-distance records and an approximate above-ground position of the camera head. Locating performance depends on the receiver and conditions at the inspection site.</p>
<p><strong>Configurations for Different Inspection Requirements</strong></p>
<p><img loading="lazy" decoding="async" alt="SANYIPACE S850DSTKM sewer inspection system with a 10-inch monitor, push cable reel, and locating receiver." data-mce-style="display: block; margin-left: auto; margin-right: auto;" height="600" src="https://ml.globenewswire.com/Resource/Download/1b246fd1-4d8a-4f1c-b074-c1a4ad9783a8/image2.png" style="display:block; margin-left:auto; margin-right:auto;" width="600" data-dpi="96" data-caption="SANYIPACE S850DSTKM sewer inspection system and locating equipment." data-filename="image2.png" />The S850DSTKM is suited to professional plumbers, drain-cleaning technicians, and property maintenance teams conducting recurring sewer-line inspections. Its imaging, locating support, and recording capabilities help these users assess visible pipe conditions and document findings for maintenance planning.</p>
<p>The system pairs a 23 mm camera head with a 7 mm push cable and is available in 30- and 50-meter configurations. Selection depends on inspection distance, pipe diameter, bends, and access conditions.</p>
<p>Photo, video, and audio recording allow professionals to preserve findings for customer communication, maintenance records, and follow-up assessments. A 32 GB memory card is included, with storage support up to 128 GB.</p>
<p><strong>About SANYIPACE</strong><img loading="lazy" decoding="async" alt="Official SANYIPACE brand logo." data-mce-style="display: block; margin-left: auto; margin-right: auto;" height="314" src="https://ml.globenewswire.com/Resource/Download/8b997d4d-8206-413b-a268-7b530df56b83/image3.png" style="display:block; margin-left:auto; margin-right:auto;" width="600" data-dpi="96" data-caption="SANYIPACE specializes in sewer and pipe inspection cameras." data-filename="image3.png" />Founded in 2018, <a href="https://www.globenewswire.com/Tracker?data=hgVl8pot9Qi12eAdddW-3m-Cy0seLZJijyMnsbiOvc01PGG3tQAzHNqo6hV09y9zx-sInDKho-Lrlv8y8Vm9oA7aWo3SJBdQMeWHztKFTGloRe_1AIDBvzggdhMef1f6" rel="nofollow" target="_blank" title=""><u>SANYIPACE</u></a> specializes in sewer and pipe inspection cameras for plumbing professionals, drain-service contractors, and maintenance teams. Its product range includes systems with various camera heads, cable lengths, self-leveling imaging, recording functions, and locating capabilities to support different inspection requirements. Customers can explore the S850DSTKM and other models on SANYIPACE’s European website, including available cable configurations and compatible receiver packages.</p>
<p><strong>Product Information: </strong><a href="https://www.globenewswire.com/Tracker?data=hgVl8pot9Qi12eAdddW-3pcCp38YXpZ9-YJRPAI9fCnGVJNcuvGz5YQFSaorKqv2fh3XnZJe1KfdT1WqAgtjYuxy30auVt_rUS9CWSoC6x88ilBVWkNqiXtz5QmGwBR8LOKJI0_PEjOej46X8NEuMp0_RWe_K9gfpAgGGc9pgXvmavx1ixSaYa-BP0FAHGxDXjeMD3A7Vpua9VpiXp9Xpa5M_Kei6zxF0JACQljdVGdl6nzjTgpxpgWn4OpsEKioX-IoL8tkLmRjjajyUQMD3ysbSvIPzca71nXVDU8iv1hZYJ4ph1Adu-Omc-nU-tVt" rel="nofollow" target="_blank" title=""><u>SANYIPACE S850DSTKM Sewer Inspection Camera</u></a></p>
<p><strong>Media Contact</strong></p>
<p><strong>Company Name: </strong>SANYIPACE Kanalkamera<br /><strong>Contact Person:</strong> Sam<br /><strong>Email:</strong> <a href="https://www.globenewswire.com/Tracker?data=9FtNu_tZWseuNsD-mEWn90DYeLaqX_tz5_mZcLr6wLUN_j3mzBKg91Wj5Tqm4fs9gC60vpXuTBD3GpTYqk-LNqzxKpFMi-0XB0SyKjDXlD8=" rel="nofollow" target="_blank" title=""><u>support@sanyipace.eu</u></a><br /><strong>Website:</strong><a href="https://www.globenewswire.com/Tracker?data=nF1oRyTHo1LzwvLseX0IemwTTwYjgIhxuKJCVQs_WzR7Myi5xxj8wkxhrmEhDkwkTIE1pD7_-bZL1gaHj0Oj9WG8HUdk1qUIfk6GMs2l0wM=" rel="nofollow" target="_blank" title=""> <u>https://sanyipace.eu</u></a></p>
<p>Photos accompanying this announcement are available at</p>
<p><a href="https://www.globenewswire.com/Tracker?data=dGBUwaajKLQrkrFjrtzJNkrLtlDG4hJxip_ZC86Bp0a7tQyMXCLpeNyOJPzxtnCjpemXwPj5AT75HYMXW1gjv4SKcJU8q4HCmmt14kQnIvo-VZHgmmsPoGj_IZL0Ri1VV1NJHqmFgUyKUe0V3OLEUnt1teJcJqNRryJH7fFZb8VHXjZAgOmmJ4OKkbcik__Vs2TdZlI4ArAymm74-pe1BUhgXgdHcqCq_fcU2MfPrJLMeO4Qv3HSB77jF_CPcQNv1yIr8BHKvPl3ibz3Lk0QVw==" rel="nofollow" target="_blank" title="">https://www.globenewswire.com/NewsRoom/AttachmentNg/284a93a5-19f6-468c-a2cd-38c652db1f05</a></p>
<p><a href="https://www.globenewswire.com/Tracker?data=dGBUwaajKLQrkrFjrtzJNkrLtlDG4hJxip_ZC86Bp0a7tQyMXCLpeNyOJPzxtnCjY9pxBQFjQnRqpZRk63dFtVwyKuRUnkfmiSRia_KJJ_agikuH7wTCFhyUT1IDEyqcDbwN-9zy6E8zuvYyszOLXhWjA0jdSBeT_41UJshmGR6RswklBUpVMkFrnNU6gB0f_hCm7tbrwCo_ETuCTNQ3ptYvL-ek_NbGJzAE3fg7X9jl1mou9Yvi8Gqa95M7g2dY_XZBxoRekzwT9vCqnrPgEw==" rel="nofollow" target="_blank" title="">https://www.globenewswire.com/NewsRoom/AttachmentNg/1b246fd1-4d8a-4f1c-b074-c1a4ad9783a8</a></p>
<p><a href="https://www.globenewswire.com/Tracker?data=dGBUwaajKLQrkrFjrtzJNkrLtlDG4hJxip_ZC86Bp0a7tQyMXCLpeNyOJPzxtnCjwRuTQf5sOXxcQAvngY0VdjecE8oylRcmIrSdcH5skKWSWBBjoYU63YunLqdQ594BFypLtBkXBQT-tFwkTJ0eL_SLN0YX0CrYFHNm90alQwkSopjTMIHcCtMLsLap4B32VVNpk_HqGQ-_brzvmO8zOpMeyhGmY1eD7pi3W78tjgB3baFDuSmYw8UfZ6VVbObFBavuhprVc1MdwSmwQjpQ5Q==" rel="nofollow" target="_blank" title="">https://www.globenewswire.com/NewsRoom/AttachmentNg/8b997d4d-8206-413b-a268-7b530df56b83</a></p>
<p><img alt="" src='https://ml.globenewswire.com/media/OWIyNjZkYmEtMzJhNC00MmUwLTlkYTAtOTE1YWViMWY2MWM5LTUwMDE1MzYyNi0yMDI2LTExLTAxLWVu/tiny/SANYIPACE.png' referrerpolicy='no-referrer-when-downgrade' />  </p>
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		<title>International Guests Put FREELANDER to the Test in Wuhu</title>
		<link>https://asiainsiders.net/international-guests-put-freelander-to-the-test-in-wuhu/</link>
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		<dc:creator><![CDATA[Asia Insider]]></dc:creator>
		<pubDate>Sun, 01 Nov 2026 08:41:00 +0000</pubDate>
				<category><![CDATA[Business]]></category>
		<category><![CDATA[GlobeNewswire]]></category>
		<guid isPermaLink="false">https://asiainsiders.net/international-guests-put-freelander-to-the-test-in-wuhu</guid>

					<description><![CDATA[ BEIJING, Nov. 01, 2026 (GLOBE NEWSWIRE) -- During the 2026 Chery International User Summit, hosted by Chery Automobile (9973.HK) in Wuhu, international guests tested FREELANDER 8 across mud, steep slopes and paved roads, offering first-hand feedback on the brand’s approach to combining all-terrain capability with everyday comfort. FREELANDER is a British Premium Intelligent All-Terrain Brand, jointly developed by JLR and Chery. Testing in Rain and Mud The programme brought together driving experiences at Tuju Campground, an obstacle course and a...]]></description>
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<p>BEIJING, Nov. 01, 2026 <a href="https://www.globenewswire.com" target="_blank">(GLOBE NEWSWIRE)</a> &#8212; During the 2026 Chery International User Summit, hosted by Chery Automobile (9973.HK) in Wuhu, international guests tested FREELANDER 8 across mud, steep slopes and paved roads, offering first-hand feedback on the brand’s approach to combining all-terrain capability with everyday comfort. FREELANDER is a British Premium Intelligent All-Terrain Brand, jointly developed by JLR and Chery.</p>
<p><strong>Testing in Rain and Mud</strong></p>
<p>The programme brought together driving experiences at Tuju Campground, an obstacle course and a paved test course. Rain added to the challenge, giving participants an opportunity to assess the vehicle on slippery surfaces as well as on the road.</p>
<p>On a steep descent, a guest from Spain said their heart was “still pounding a little bit”, before adding: “But I trust the car.” A guest from Egypt welcomed the wet conditions as a demanding test of the slope.</p>
<p align="center" style="text-align:center;"><img loading="lazy" decoding="async" alt="1-1" height="338" src="https://ml.globenewswire.com/Resource/Download/ddbb9207-a18e-4581-a6d2-7c8ccb5d35b0/1-1.jpg" width="600" data-dpi="96" data-caption="A guest drives FREELANDER 8 at Tuju Campground" data-filename="1-1.jpg" /><br /><em>A guest drives FREELANDER 8 at Tuju Campground</em></p>
<p><strong>Comfort on the Road</strong></p>
<p>On the paved course, a guest from the United Kingdom described FREELANDER 8 as “far more comfortable than I had expected.” A guest from Qatar said experiencing the car in person felt different from hearing about its capabilities.</p>
<p>The vehicle’s i-ATS Intelligent All-Terrain System offers nine terrain modes, while its All-Terrain Dual Lock System helps maintain traction. Dual-chamber air suspension with Continuously Controlled Damping supports ride comfort across changing surfaces.</p>
<p><strong>Intelligent Parking</strong></p>
<p>The programme also introduced SIVP, or Super Intelligent Valet Parking, for parking and vehicle recall through a smartphone app in supported scenarios. Availability is market-dependent and subject to system operating conditions; the driver remains responsible at all times.</p>
<p>The guests’ responses highlighted how confidence on difficult terrain and comfort on ordinary roads both shape perceptions of the brand.</p>
<p>Media contact<br />Daniel Bao<br />freelander.international@mychery.com<br />https://www.cheryinternational.com/</p>
<p>A photo accompanying this announcement is available at:<br /><a href="https://www.globenewswire.com/Tracker?data=EPonY7oOqv3my2Sg1Nsg-SaEhGmXUSQbd-6t0rLUORTvOwELBN14fomNvqPcHCAi6U2C-cFM67rqj5l5WmQxoT6kUsc77BH4LTaz-5TQWV3Stk1IdR3di1CFFS9apovU7QgaIwF1-eAkRgLBXmMTyOhvI8085g3vvIopC5Y4xWZk7PwQ6Smng_nMwypA7OrlTeEMJaxPoTipwTwwLLRCr_mdbSvyY7is9OExj4SFaej0TfmfzyufU45SdF2dd0KoMvsY_dLS6mq691bvOplVZg==" rel="nofollow" target="_blank" title="">https://www.globenewswire.com/NewsRoom/AttachmentNg/ddbb9207-a18e-4581-a6d2-7c8ccb5d35b0</a></p>
<p><img alt="" src='https://ml.globenewswire.com/media/NmU3Y2UxMjQtMjk3Yi00NTVhLWJhMTAtZGQ5Mjk3MzQxYWViLTEyOTc5ODItMjAyNi0xMS0wMS1lbg==/tiny/Chery-Automobile-Co-Ltd-.png' referrerpolicy='no-referrer-when-downgrade' />  </p>
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		<title>Dataline Raises $10.6M to Give AI Agents Data They Can Trust</title>
		<link>https://asiainsiders.net/dataline-raises-10-6m-to-give-ai-agents-data-they-can-trust/</link>
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		<dc:creator><![CDATA[Asia Insider]]></dc:creator>
		<pubDate>Sat, 31 Oct 2026 10:58:00 +0000</pubDate>
				<category><![CDATA[Business]]></category>
		<category><![CDATA[GlobeNewswire]]></category>
		<guid isPermaLink="false">https://asiainsiders.net/dataline-raises-10-6m-to-give-ai-agents-data-they-can-trust</guid>

					<description><![CDATA[ Dataline announced a $10.6 million funding round alongside the initial cohort of AI Data Launch partners, marking a major step toward becoming the data lifeline in the era of AI.Road Town, BVI, Oct. 31, 2026 (GLOBE NEWSWIRE) -- The round was co-led by Lattice and Samsung-backed Dispersion Capital, with participation from AI fund Symbolic Capital. Dataline also drew a deep bench of strategic backers spanning web2 and web3, including Coinbase Ventures, Anagram, a former Head of the CFTC, and founders...]]></description>
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<p><em>Dataline announced a $10.6 million funding round alongside the initial cohort of AI Data Launch partners, marking a major step toward becoming the data lifeline in the era of AI.</em></p>
<p>Road Town, BVI, Oct. 31, 2026 <a href="https://www.globenewswire.com" target="_blank">(GLOBE NEWSWIRE)</a> &#8212; The round was co-led by Lattice and Samsung-backed Dispersion Capital, with participation from AI fund Symbolic Capital. Dataline also drew a deep bench of strategic backers spanning web2 and web3, including Coinbase Ventures, Anagram, a former Head of the CFTC, and founders and partners from Robinhood, Venmo, Anchorage, NEA, General Catalyst, Jump Capital, and FalconX.</p>
<p>The Data Launch cohort brings together a roster of leading AI and web3 projects to establish the best data for AI, including Kite, Aerodrome, B3OS, Sentient, Sahara, Hyperliquid, Polymarket, Kalshi, Primus, Cluster, Apro, Base, Robinhood Chain, BNB, Sui, TON, and others. As part of the launch, Dataline co-announced with Base and Robinhood Chain that builders on both chains will get free Dataline access.</p>
<p>The raise builds on early traction that has already validated demand for the network. To date, Dataline has powered 19.4 million onchain transactions with a 96.4% agent task success rate and grown a community of more than 300,000 people worldwide. The protocol was also named a winner of the 2025 BNB Chain AI Hackathon.</p>
<p>Community participation is growing alongside network usage. Dataline&#8217;s first quest with Legion drew over 1,000 unique participants, who completed over 750 quests and over 1,000 raids. Quest 2 begins October 15, providing the community with another chance of earning rewards. In November, Dataline plans to hold a Uniswap Continuous Clearing Auction (CCA) on Base and on Robinhood Chain.</p>
<p><b>OpenRouter for data</b></p>
<p>Autonomous AI agents are only as good as the strength of the data behind them. Dataline is the decentralized network for agent-payable data, providing a two-sided marketplace where anyone can publish a feed and any agent can pay per call with x402. Just as OpenRouter is the routing layer for AI tokens, Dataline is the routing layer for AI data. Via a single integration, every API response carries an AI confidence score weighing source reliability, freshness, and consistency, so agents can flag or refuse bad data before acting on it.</p>
<p><b>Bringing more data online</b></p>
<p>In addition to Dataline&#8217;s curated and verified feeds, the protocol also lets anyone publish data and price it per call, like a job board for data where AI agents and humans alike can post and pick up work. A requester posts a bounty for the data they need, and any fulfiller in the network claims it, supplies the data, and gets paid. Payments settle instantly through x402, sellers&#8217; credentials never leave the gateway, and an optional zero-knowledge attestation tier lets providers attach a verifiable proof bundle to every response.</p>
<p>Quality is enforced economically rather than by any central authority. Fulfillers stake tokens to submit their responses: good data earns the bounty, while bad data gets the stake slashed. The result is a constantly expanding marketplace of cross-verified, custom-fetched data on demand.</p>
<p><b>Data is the lifeblood of AI</b></p>
<p>&#8220;After building AI agents ourselves, we realized that clean and reliable data is the lifeblood of AI,&#8221; said Nuo Shi, cofounder of Dataline. &#8220;Today&#8217;s AI is capable enough to know what data it needs, sometimes better than we do. So we built an open network that not only delivers the most reliable data streams, but also lets AI request help to gather the data it can&#8217;t reach on its own.&#8221;</p>
<p><b>About Dataline</b></p>
<p>Dataline is the decentralized data network for AI agents, providing one integration for all markets. The protocol delivers cross-verified data sources with AI-generated confidence scores, along with a network of custom-fetched data requests to power a smarter AI workforce.</p>
<p>Website: <a href="https://www.globenewswire.com/Tracker?data=aoe7QpEn7wpQI4dpkOkOUYUDJ1CuI3yJu_BzT8YnJ-KnhBSqnbVurTFfewUFEZhnwKI7dA6ea2dH0x2voV5LEfEixvO7OwjamL9qBJzw28A=" rel="nofollow" target="_blank" title="dataline.xyz">dataline.xyz</a><br />X: @DatalineAI</p>
<pre>CONTACT: info@zexprwire.com</pre>
<p><img alt="" src='https://ml-eu.globenewswire.com/media/MTMwNzQ1YWEtY2E2Zi00ZDZkLTllNDUtZWJiNTkwOTgxYTZmLTcwMDAyODQ4OC0yMDI2LTEwLTMxLWVu/tiny/DATALINE.png' referrerpolicy='no-referrer-when-downgrade' />  </p>
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		<title>CGTN: Tea, tunes and ties: China-Germany cultural exchanges flourish</title>
		<link>https://asiainsiders.net/cgtn-tea-tunes-and-ties-china-germany-cultural-exchanges-flourish/</link>
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		<dc:creator><![CDATA[Asia Insider]]></dc:creator>
		<pubDate>Sat, 31 Oct 2026 07:11:00 +0000</pubDate>
				<category><![CDATA[Business]]></category>
		<category><![CDATA[GlobeNewswire]]></category>
		<guid isPermaLink="false">https://asiainsiders.net/cgtn-tea-tunes-and-ties-china-germany-cultural-exchanges-flourish</guid>

					<description><![CDATA[ CGTN published an article spotlighting the rich and diverse cultural exchanges between China and Germany. The article assesses how cultural exchanges are bringing people from the two countries closer and build mutual understanding and friendship. BEIJING, Oct. 31, 2026 (GLOBE NEWSWIRE) -- Peng Liyuan, wife of Chinese President Xi Jinping, met with Elke Budenbender, wife of German President Frank-Walter Steinmeier, for a tea reception in Beijing on Friday, as the German president is on a state visit to China from...]]></description>
										<content:encoded><![CDATA[
<p align="justify" style="text-align:justify;"><em>CGTN published an article spotlighting the rich and diverse cultural exchanges between China and Germany.</em> <em>The article assesses how cultural exchanges are bringing people from the two countries closer and build mutual understanding and friendship.</em></p>
<p align="justify" style="text-align:justify;">BEIJING, Oct. 31, 2026 <a href="https://www.globenewswire.com" target="_blank">(GLOBE NEWSWIRE)</a> &#8212; Peng Liyuan, wife of Chinese President Xi Jinping, met with Elke Budenbender, wife of German President Frank-Walter Steinmeier, for a tea reception in Beijing on Friday, as the German president is on a state visit to China from October 27 to October 31.</p>
<p align="justify" style="text-align:justify;">Recalling her trip to Germany alongside President Xi in 2017, Peng spoke warmly of the friendship between the two countries and praised Budenbender&#8217;s long-standing dedication to protecting the rights and interests of women and children.</p>
<p align="justify" style="text-align:justify;">The two watched a short film highlighting the vibrant cultural and people-to-people exchanges between the two nations.</p>
<p align="justify" style="text-align:justify;">Peng said that the two countries enjoy rich and diverse cooperation in areas including education and culture. She expressed the hope that the Chinese and German people will keep up their frequent exchanges, deepen mutual understanding and forge closer bonds of friendship.</p>
<p align="justify" style="text-align:justify;">For her part, Budenbender thanked Peng for her warm hospitality and spoke highly of Peng&#8217;s contributions to cultural and people-to-people exchanges between the two countries. She said she stands ready to contribute to stronger cooperation in relevant fields and deeper friendship between the two peoples.</p>
<p align="justify" style="text-align:justify;"><strong>China-Germany cultural exchanges</strong></p>
<p align="justify" style="text-align:justify;">China-Germany cultural exchange has grown into a rich, interlocking fabric woven through language, festivals, arts, tourism, education and more.</p>
<p align="justify" style="text-align:justify;">The Leibniz Confucius Institute in Hanover runs summer camps, remote language-partner programs and speech contests, drawing a growing number of German students to China. The Bonn-based Burg Chinese Chorus, meanwhile, brought 80 students and teachers to Yunnan, where they sang around a campfire at the Yi Torch Festival, learning more than 60 Chinese songs and experiencing local culture firsthand.</p>
<p align="justify" style="text-align:justify;">Festivals and arts carry language learning into shared public experience. Berlin&#8217;s Red Town Hall has hosted the &#8220;Happy Chinese New Year&#8221; gala for 12 consecutive years, with 300 guests watching dance, folk music and martial arts. Frankfurt&#8217;s Spring Festival temple fair brought Chaoshan Yingge dance and Ansai waist drums to German streets. In Duisburg, the China Festival paired concerts and film screenings with tai chi and pop-electronic music, while a Chengdu exhibition placed German and Chinese artists in the same frame to explore technology and perception.</p>
<p align="justify" style="text-align:justify;">Tourism links are being cultivated in parallel. Gansu&#8217;s cultural tourism roadshow in Berlin drew more than 40 German travel industry representatives, and one German agent had already organized 38 camper vans from Türkiye to China. China&#8217;s visa-free policy for German citizens, extended through 2026, has made two-way travel markedly easier.</p>
<p align="justify" style="text-align:justify;">The exchange is no longer a series of isolated events but a connected ecosystem – institutional, creative and everyday – that gives &#8220;rich and diverse&#8221; a concrete meaning.</p>
<p align="justify" style="text-align:justify;"><em>For more information, please click:</em><br /><em>https://news.cgtn.com/news/2026-10-31/Tea-tunes-and-ties-China-Germany-cultural-exchanges-flourish-1RFI4qyVmwg/p.html</em></p>
<pre>CONTACT: Email: CGTN Digital cgtn@cgtn.com</pre>
<p><img alt="" src='https://ml.globenewswire.com/media/OGVhZDBiNWEtMWUwMi00ZDdhLWFhMDYtOTVjNzdhMDZjYWNjLTEzMDA5MTAtMjAyNi0xMC0zMS1lbg==/tiny/China-Global-Television-Networ.png' referrerpolicy='no-referrer-when-downgrade' />  </p>
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		<title>EU Retail Leverage Limits Set Minimum Margin at 5% for Gold CFDs and 10% for Oil</title>
		<link>https://asiainsiders.net/eu-retail-leverage-limits-set-minimum-margin-at-5-for-gold-cfds-and-10-for-oil/</link>
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		<dc:creator><![CDATA[Asia Insider]]></dc:creator>
		<pubDate>Fri, 30 Oct 2026 11:00:00 +0000</pubDate>
				<category><![CDATA[Business]]></category>
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		<guid isPermaLink="false">https://asiainsiders.net/eu-retail-leverage-limits-set-minimum-margin-at-5-for-gold-cfds-and-10-for-oil</guid>

					<description><![CDATA[ Limassol, Cyprus, Oct. 30, 2026 (GLOBE NEWSWIRE) --  Under the retail CFD rules now in force across the EU, gold and oil carry different margin minimums of 5% for gold and 10% for oil, even when the two look similar on a chart.¹ For a retail trader, that difference sets how much of a position’s value must be committed to open it. Libertex, regulated by the Cyprus Securities and Exchange Commission (CySEC) under CIF License 164/12 and operated in...]]></description>
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<p><strong>Limassol, Cyprus, Oct. 30, 2026 <a href="https://www.globenewswire.com" target="_blank">(GLOBE NEWSWIRE)</a> &#8212; </strong> Under the retail CFD rules now in force across the EU, gold and oil carry different margin minimums of 5% for gold and 10% for oil, even when the two look similar on a chart.¹ For a retail trader, that difference sets how much of a position’s value must be committed to open it. Libertex, regulated by the Cyprus Securities and Exchange Commission (CySEC) under CIF License 164/12 and operated in Europe by Indication Investments Ltd., breaks down how those minimums differ across gold, oil, currency and crypto CFDs, and what to check before opening a position. For traders <a href="https://www.globenewswire.com/Tracker?data=LPPV4Hjv3Fbyru-VZpEMbd1pV34vr7Bu32BEWNROACSXHbMctpIlby6cctUXnuiTfKUKrm2hRTfRdC_q2VS0AWCNl9oUPMdXSj7Hp8dCNSqsdxnktNntbsT5UDm_j257MIlFie8dYko0svUYPYfmgXu1XDUt6ZRxGCtwDA31iGlwRBncPXszXMn5pqP3tPy1" rel="nofollow" target="_blank" title="evaluating an online broker's regulation, fees and risk">evaluating an online broker&#8217;s regulation, fees and risk</a>, regulatory leverage caps set the minimum margin, while a broker may require more.</p>
<p>&#8220;Gold and oil can look alike on a chart, but they don&#8217;t ask for the same margin,&#8221; said Marios Chailis, CMO at Libertex Group. &#8220;If you size an oil trade the way you&#8217;d size a gold trade, at maximum leverage you&#8217;re putting up twice the margin.&#8221; </p>
<p><strong>EU Retail Leverage Limits by Asset Class</strong></p>
<p>The limits were set by ESMA in 2018³ and are applied through national rules, including CySEC Directive DI87-09 in Cyprus, most recently amended in September 2025.² The maximum leverage on a retail CFD account depends on the volatility of the underlying asset. Major currency pairs carry the highest limit and cryptocurrencies the lowest. Each limit converts directly into a minimum initial margin: 20:1 leverage means at least 5% of the position&#8217;s value must be deposited, and 2:1 means at least 50%.¹</p>
<p><strong>Minimum Margin to Open a €10,000 CFD Position on a Retail Account</strong></p>
<div class="pcrstb-wrap"><table align="left" style="border-collapse: collapse; width:100%; border-collapse:collapse ;">
<tr>
<td><b> Asset class </b></td>
<td><b> Maximum retail leverage </b></td>
<td><b> Minimum initial margin </b></td>
<td><b> Minimum margin on €10,000 </b></td>
</tr>
<tr>
<td style="border-top: solid black 1pt ; border-right: solid black 1pt ; border-bottom: solid black 1pt ; border-left: solid black 1pt ; vertical-align: top ; ">Major currency pairs, such as EUR/USD</td>
<td style="border-top: solid black 1pt ; border-right: solid black 1pt ; border-bottom: solid black 1pt ; border-left: solid black 1pt ; vertical-align: top ; ">30:1</td>
<td style="border-top: solid black 1pt ; border-right: solid black 1pt ; border-bottom: solid black 1pt ; border-left: solid black 1pt ; vertical-align: top ; ">3.33%</td>
<td style="border-top: solid black 1pt ; border-right: solid black 1pt ; border-bottom: solid black 1pt ; border-left: solid black 1pt ; vertical-align: top ; ">€333</td>
</tr>
<tr>
<td style="border-top: solid black 1pt ; border-right: solid black 1pt ; border-bottom: solid black 1pt ; border-left: solid black 1pt ; vertical-align: top ; ">Non-major currency pairs and gold</td>
<td style="border-top: solid black 1pt ; border-right: solid black 1pt ; border-bottom: solid black 1pt ; border-left: solid black 1pt ; vertical-align: top ; ">20:1</td>
<td style="border-top: solid black 1pt ; border-right: solid black 1pt ; border-bottom: solid black 1pt ; border-left: solid black 1pt ; vertical-align: top ; ">5%</td>
<td style="border-top: solid black 1pt ; border-right: solid black 1pt ; border-bottom: solid black 1pt ; border-left: solid black 1pt ; vertical-align: top ; ">€500</td>
</tr>
<tr>
<td style="border-top: solid black 1pt ; border-right: solid black 1pt ; border-bottom: solid black 1pt ; border-left: solid black 1pt ; vertical-align: top ; ">Commodities other than gold, such as oil</td>
<td style="border-top: solid black 1pt ; border-right: solid black 1pt ; border-bottom: solid black 1pt ; border-left: solid black 1pt ; vertical-align: top ; ">10:1</td>
<td style="border-top: solid black 1pt ; border-right: solid black 1pt ; border-bottom: solid black 1pt ; border-left: solid black 1pt ; vertical-align: top ; ">10%</td>
<td style="border-top: solid black 1pt ; border-right: solid black 1pt ; border-bottom: solid black 1pt ; border-left: solid black 1pt ; vertical-align: top ; ">€1,000</td>
</tr>
<tr>
<td style="border-top: solid black 1pt ; border-right: solid black 1pt ; border-bottom: solid black 1pt ; border-left: solid black 1pt ; vertical-align: top ; ">Individual stocks</td>
<td style="border-top: solid black 1pt ; border-right: solid black 1pt ; border-bottom: solid black 1pt ; border-left: solid black 1pt ; vertical-align: top ; ">5:1</td>
<td style="border-top: solid black 1pt ; border-right: solid black 1pt ; border-bottom: solid black 1pt ; border-left: solid black 1pt ; vertical-align: top ; ">20%</td>
<td style="border-top: solid black 1pt ; border-right: solid black 1pt ; border-bottom: solid black 1pt ; border-left: solid black 1pt ; vertical-align: top ; ">€2,000</td>
</tr>
<tr>
<td style="border-top: solid black 1pt ; border-right: solid black 1pt ; border-bottom: solid black 1pt ; border-left: solid black 1pt ; vertical-align: top ; ">Cryptocurrencies</td>
<td style="border-top: solid black 1pt ; border-right: solid black 1pt ; border-bottom: solid black 1pt ; border-left: solid black 1pt ; vertical-align: top ; ">2:1</td>
<td style="border-top: solid black 1pt ; border-right: solid black 1pt ; border-bottom: solid black 1pt ; border-left: solid black 1pt ; vertical-align: top ; ">50%</td>
<td style="border-top: solid black 1pt ; border-right: solid black 1pt ; border-bottom: solid black 1pt ; border-left: solid black 1pt ; vertical-align: top ; ">€5,000</td>
</tr>
</table></div>
<p><strong><br /></strong><strong><br />Why Gold CFDs Get More Leverage Than Oil CFDs</strong></p>
<p>The rules place gold alongside non-major currency pairs at 20:1, while oil, natural gas and other commodities carry the 10:1 limit. ESMA set gold&#8217;s limit after its analysis of historical prices found that, at the same probability of a margin close-out, gold CFDs could carry roughly twice the leverage of oil CFDs.³ That historical finding does not mean gold will move less than oil in the future.</p>
<p>A trader choosing where to trade gold should confirm the broker holds a CySEC or other EU license, that retail leverage stays within the 20:1 limit, and that the required margin appears on screen when they place an order. Libertex offers CFDs on gold and oil alongside more than 1,000 underlying assets on its proprietary platform.</p>
<p>Gold and oil prices can both move sharply around supply news, central bank decisions and inventory data. Leverage magnifies the resulting gains and losses relative to the margin committed.</p>
<p><strong>How Margin Close-Out Works Across a Retail Account</strong></p>
<p>The same rules set a margin close-out level, often called a stop-out, for every retail account. When account equity falls below 50% of the total regulatory minimum initial margin for all open CFD positions, the broker must close one or more of them.¹</p>
<p>That threshold applies across all open positions together. Assuming both use the regulatory minimum margin, a crypto CFD requiring €5,000 and a gold CFD requiring €500 give a combined minimum of €5,500, so close-out is required once account equity falls below €2,750, and a loss on one position can trigger the close-out of another.</p>
<p><strong>Frequently Asked Questions</strong></p>
<p><strong>Question: How much money do I need to open a gold or forex CFD trade?</strong></p>
<p>Answer: It depends on the position size and the asset. At the EU retail limits, a €1,000 position needs at least €50 in margin on gold and €33.33 on a major currency pair such as EUR/USD, and a broker may require more.</p>
<p><strong>Question: Does a lower margin requirement mean a smaller potential loss?</strong></p>
<p>Answer: No. Margin is what a position needs to open, not the most it can lose. For two €10,000 positions held in the same direction, the same adverse percentage price move produces the same trading loss before costs. At the regulatory leverage caps, however, the gold position requires €500 in initial margin and the oil position requires €1,000. Negative balance protection limits a retail client&#8217;s maximum losses from CFD trading, including related costs, to the funds in the CFD trading account.</p>
<p><strong>Question: Can a broker ask for more margin than the EU minimum?</strong></p>
<p>Answer: Yes. The EU rules set the maximum leverage a broker can offer a retail client, so a broker can set a higher margin requirement on any instrument. The required margin for each instrument appears in its trading specifications.</p>
<p><strong>Question: Can a broker offer more than 30:1 leverage to retail traders in the EU?</strong></p>
<p>Answer: No. An EU-authorized broker cannot offer retail clients more than the limit set for each asset class, and 30:1 on major currency pairs is the highest. Higher leverage offered to a retail trader points to a firm outside EU regulation, or to that client being treated as professional rather than retail.</p>
<p><strong>Question: Does leverage apply when buying real stocks?</strong></p>
<p>Answer: Not when shares are bought outright. On Libertex, real stocks are a separate product from stock CFDs. Owning real shares involves no leverage, while a stock CFD carries the 5:1 retail limit.</p>
<p>Before opening a position, check the instrument&#8217;s required margin and how the trade would affect the account&#8217;s combined margin and close-out level. Libertex, named Best Global Broker at the 2025 Ultimate Fintech Awards and part of the Libertex Group founded in 1997, offers a <a href="https://www.globenewswire.com/Tracker?data=fTnMHuFVBo6iSCLxr-bS4g9LfGWrfjamYK_h9THlrbdtbJHWFpMtVgDvkyf37hHsqX5iAlFGteAEnqyhsYrpKf5ouX3o_w85TzJsBqQJy78=" rel="nofollow" target="_blank" title="€50,000 demo account">€50,000 demo account</a> on the same proprietary high-performance platform used for live trading, where both can be tested with simulated capital.</p>
<p>Sources: </p>
<p>¹ Cyprus Securities and Exchange Commission. <em>Directive DI87-09 for the Restriction on the Marketing, Distribution or Sale of Contracts for Differences (CFDs) to Retail Clients.</em> CySEC, 2019, amended Sept. 2025.</p>
<p>² “CySEC Caps CFD Leverage at 10:1 for Non-Major Commodities and Indices.” <em>FinanceFeeds</em>, 2025, financefeeds.com/cysec-caps-cfd-leverage-at-101-for-non-major-commodities-and-indices/.</p>
<p>³ European Securities and Markets Authority. <em>Decision (EU) 2018/796 to Temporarily Restrict Contracts for Differences in the Union in Accordance with Article 40 of Regulation (EU) No 600/2014.</em> ESMA, 2018. </p>
<p><strong>About Libertex</strong></p>
<p>Libertex is a multi-award-winning online broker and part of the <strong>Libertex Group, founded in 1997</strong>. Operated in Europe by <strong>Indication Investments Ltd., regulated and supervised by the Cyprus Securities and Exchange Commission (CySEC) under CIF License 164/12</strong>. The platform provides access to global financial markets, including forex, commodities, indices, ETFs, and cryptocurrencies via CFDs, as well as real stocks.</p>
<p>Libertex serves clients through its proprietary high-performance trading platform, has received <strong>45+ international industry awards</strong>, and is the <strong>Official Online Trading Partner of the Audi Revolut F1 Team</strong>.</p>
<p>Learn more:<a href="https://www.globenewswire.com/Tracker?data=KnezpHFV0Io2-4_NDDxk7tJPSaeJU1wSbv9n4VcqiWtq9t_aMikcAN0ZcZQHhJk2diDehCUpMUOwPUYDtz_r4wnM50GLtn4Uhx-7fPqrNWA=" rel="nofollow" target="_blank" title=""> https://libertex.com</a></p>
<p><strong>Risk Warning</strong></p>
<p>CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. <strong>83% of retail investor accounts lose money when trading CFDs with this provider.</strong> You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.</p>
<pre>CONTACT: Sabrina Nuñez Content writer, Zen Media PR@zenmedia.com</pre>
<p><img alt="" src='https://ml.globenewswire.com/media/ZGIzMTcxYmUtOTQ4MS00OWRhLTg2OTctMGM0ZDUwYWQwZjM5LTEyNTYyNDgtMjAyNi0xMC0zMC1lbg==/tiny/LIBERTEX-HOLDING-CYPRUS-LTD.png' referrerpolicy='no-referrer-when-downgrade' />  </p>
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		<title>J &#038; J SNACK FOODS SCHEDULES FOURTH QUARTER and FISCAL YEAR EARNINGS CONFERENCE CALL AND WEBCAST</title>
		<link>https://asiainsiders.net/j-j-snack-foods-schedules-fourth-quarter-and-fiscal-year-earnings-conference-call-and-webcast/</link>
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		<dc:creator><![CDATA[Asia Insider]]></dc:creator>
		<pubDate>Fri, 30 Oct 2026 11:00:00 +0000</pubDate>
				<category><![CDATA[Business]]></category>
		<category><![CDATA[GlobeNewswire]]></category>
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					<description><![CDATA[ Mount Laurel, NJ., Oct. 30, 2026 (GLOBE NEWSWIRE) --  J &#38; J Snack Foods Corp. (Nasdaq: JJSF) today announced that it will release financial results for its fourth quarter and fiscal year ended September 26, 2026, before the stock market opens on Wednesday, November 18, 2026. The Company will hold a conference call and webcast to discuss the results at 10:00 a.m. Eastern Time that same day. Investors interested in participating in the live call can pre-register by clicking on...]]></description>
										<content:encoded><![CDATA[
<p><b>Mount Laurel, NJ., Oct. 30, 2026 <a href="https://www.globenewswire.com" target="_blank">(GLOBE NEWSWIRE)</a> &#8212; </b> J &amp; J Snack Foods Corp. (Nasdaq: JJSF) today announced that it will release financial results for its fourth quarter and fiscal year ended September 26, 2026, before the stock market opens on Wednesday, November 18, 2026. The Company will hold a conference call and webcast to discuss the results at 10:00 a.m. Eastern Time that same day.</p>
<p>Investors interested in participating in the live call can pre-register by clicking on this <a href="https://www.globenewswire.com/Tracker?data=-m79M8vkSTpjJ_23xCFs7Ye2-4joCf211J88Jcu7NksxkAfwFVhCSS4PqArPBrR_mwmzW3iIj_OZqzT8heJWY0vfYQGNY-BssZZK9NNS_9lvnxGHsIo0K5y7jc-oT5Gm6WERQsf1dCOXOZaae5D9XtWW6hTcI3MEqhr_z4epbj0=" rel="nofollow" target="_blank" title=""><b>Registration Link</b></a> to receive the dial-in number and a personal PIN, which are required to access the conference call.  The live audio webcast will be accessible on the Company’s investor relations website at <a href="https://www.globenewswire.com/Tracker?data=3SvB702WHw-daeYnfw8Dg_JB8u5T_-vT8APEKdQ06qq2E9ih_7MMc4DB2203qnFM2wZl6PL-E8EttvroSXskK0FGN8anXlrKsxtpX4iD-0gPUFcGwjM1npmhcbUpR64MrY_1mI1JhYEh3fHbxW06o2D1hOIsdiPpa0WIiXCLXjKVsZO0lms6PNx8XjbHNXvZxE0yFy4F4qPnqr2DXonK49ilFB3_yyOG08r1rKv5J-NSbrSj7PLr7cS9ma_ffxPS_Kx_YAGDpqoPgUmBkSTObGHevlrLvbs-WFys3IOBK3Jf09xS4AeP8fPrtW2Uy-We" rel="nofollow" target="_blank" title="">https://www.jjsnack.com/investors/</a> or directly at <a href="https://www.globenewswire.com/Tracker?data=EbGfcv8I-3m_u_pmA_87zLD5gVtspXAF1lCA8gCHf_MQHBB-OkT7HOzemn3uCEEvK_kZ5qDq_IW3X0j04sTdBtxMsMiIe2n-Y3H3HUIzD5k=" rel="nofollow" target="_blank" title="here">here</a>.  </p>
<p><b>About J &amp; J Snack Foods Corp. </b></p>
<p>J &amp; J Snack Foods Corp. is a leader and innovator in the snack food industry, providing innovative, niche, and affordable branded snack foods and beverages to foodservice and retail supermarket outlets. Manufactured and distributed nationwide, our principal products include SUPERPRETZEL, the #1 soft pretzel brand in the world, as well as internationally known ICEE and SLUSH PUPPIE frozen beverages, DIPPIN’ DOTS ice cream, LUIGI’S Real Italian Ice, MINUTE MAID* frozen ices, WHOLE FRUIT sorbet and frozen fruit bars, HOLA! CHURROS, and THE FUNNEL CAKE FACTORY funnel cakes and several bakery brands within DADDY RAY’S, COUNTRY HOME BAKERS and HILL &amp; VALLEY. For more information, please visit <a href="https://www.globenewswire.com/Tracker?data=fiAfo8Iaat9ajHHH_ft0KgYyGhDFgfMw5iUQbr9fnuAxozvrB23WzVyoO-p3jz0PrD1Aa-usFvf-4ZtkSngcGvB31jpCC8kvesJlbcVinFrRXuVs3o3VcGHoseTQWnwQYKIXYCxFQqmT7H2aUMmIJtYZLuRVfbcS5iU_BtBk0LNq5R9Wr7SpshaDFphH9IToHfJOhnlTb1Hazb6lZdxuWB2g6_dkDwJPWQ2KVH41_GORIOzxxuPTwnQhFueXY070_KBYOwBdpyV0VvgtYysRhQ==" rel="nofollow" target="_blank" title="">http://www.jjsnack.com</a>.</p>
<p>*MINUTE MAID is a registered trademark of The Coca-Cola Company.</p>
<p><b>Investor Contact: </b><br />Reed Anderson, ICR<br />(646) 277-1260 <br /><a href="https://www.globenewswire.com/Tracker?data=bPFSDnicd8CpZzcsUTcLDdz3AJ5D2865pm16uMNu04nNOi6xNAVDjvchOi0_9GjPowUZGphuL2lWlDpq0MTAeJ2n1hci_RYeS6zlDgii1EyfRy7aD5beY_hVuPul32-x" rel="nofollow" target="_blank" title="reed.anderson@icrinc.com">reed.anderson@icrinc.com</a></p>
<p><img alt="" src='https://ml.globenewswire.com/media/N2QwN2YyYTEtMDIwNS00M2VkLWJhNGUtZjI5NDU2YTJiOGMxLTEwMzk4MDktMjAyNi0xMC0zMC1lbg==/tiny/J-J-Snack-Foods-Corp-.png' referrerpolicy='no-referrer-when-downgrade' />  </p>
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