FERRETTI SPA APPROVES THE CONSOLIDATED FINANCIAL RESULTS AS OF 30 JUNE 2026

The Board of Directors of Ferretti S.p.A. has reviewed and approved the Group’s Half-Year Financial Report for the period ended 30 June 2026.

Commenting on the results, Stassi Anastassov, Global Chief Executive Officer of Ferretti Group, said: “My first two months at Ferretti Group have been focused on listening, learning and gaining a thorough understanding of the business from within. I have spent time across our shipyards, meeting with employees, dealers, agents and owners, while assessing our performance across every brand and market.

What has become immediately apparent is that Ferretti Group remains an exceptional company, supported by world-renowned brands, highly skilled people and one of the strongest balance sheets in the industry. At the same time, our first-half performance reflects a market environment that is considerably more challenging than in recent years. Customer purchasing decisions are taking longer, competition has intensified across several segments, and order intake has not yet reached the level needed to replenish our backlog at the desired pace.

Our principal challenge today is therefore commercial rather than financial. The Group continues to generate healthy cash flow, maintains a robust financial position and benefits from outstanding operational capabilities. Our priority is to restore commercial momentum while safeguarding the quality of our order book, preserving pricing discipline and protecting the long-term value of our brands.

Over the past two months, we have already implemented several initiatives aimed at strengthening commercial execution, enhancing the owner experience, reinforcing product governance and increasing organisational accountability. These measures are intended not only to improve performance during the second half of 2026, but also to establish a stronger foundation for sustainable growth in 2027 and the years ahead.

While market conditions remain uncertain and are expected to stay that way in the near term, our strategy is not to pursue short-term volume at the expense of long-term value. Instead, we remain committed to making the right decisions for our customers, shareholders and the future strength of Ferretti Group. I am confident this disciplined approach will generate greater value over time.”

Marco Zammarchi, Executive Officer responsible for preparing the Company’s financial reports, confirms, pursuant to Article 154-bis, paragraph 2 of the Italian Consolidated Finance Act, that the accounting information contained in this press release is consistent with the Company’s accounting records, books and supporting documentation.

Non-IFRS Measures in addition to the Group’s consolidated financial results prepared in accordance with International Financial Reporting Standards (IFRS), Ferretti Group also reports certain non-IFRS financial measures, including EBITDA, Adjusted EBITDA, and Adjusted EBITDA/Net Revenue without Pre-Owned.

The Group believes these indicators provide a clearer basis for comparing operating performance across reporting periods by excluding the impact of selected items that could affect comparability. Management also considers these measures useful in evaluating the Group’s underlying operating performance. However, because similar measures may be defined differently by other companies, they may not be directly comparable. Accordingly, these non-IFRS measures should be viewed as supplementary information and not as a substitute for the financial results prepared in accordance with IFRS.

The financial information for the six months ended 30 June 2026 has not been audited by the Company’s independent external auditor.

For reporting purposes, the Group defines: EBITDA as profit after tax, before financial expenses (including operating foreign exchange effects but excluding exchange gains or losses relating to financial transactions), depreciation, amortisation and income tax expense, and after deducting financial income and income tax benefits. Adjusted EBITDA as EBITDA excluding specific non-recurring items, including one-off costs and other immaterial non-recurring events. Net Revenue without Pre-Owned as net revenue excluding revenue generated from the sale of pre-owned yachts.