ORDINARY SHAREHOLDERS’ MEETING
FERRETTI GROUP IS THE STAR
ORDINARY SHAREHOLDERS’ MEETING OF FERRETTI S.P.A.
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Approved the separate financial statements of Ferretti S.p.A. for the year ended 31 December 2025 and examined the consolidated financial statements of the Ferretti Group for the year ended December 31, 2025
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Profit of Ferretti S.p.A. for the year amounted to Euro 44,635,297.39 as of December 31, 2025
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Approved the distribution of a dividend to shareholders in the amount of Euro 0.11 for each of the 338,482,654 shares issued and outstanding on the ex-dividend date (i.e., on 15 June 2026), for a maximum amount of Euro 37,233,091.94, with record date on 16 June 2026 and payment date on 17 June 2026
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Net new yacht revenues amounted to Euro 1,231.7 million, up 5.0% (Euro 1,173.3 million as of 31 December 2024)
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Adjusted EBITDA amounted to Euro 202.8 million, with a margin of 16.5%, up 6.7% and 30 basis points (Euro 190.0 million as of 31 December 2024)
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Net financial position of Euro 111.0 million of net cash
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Approved by binding vote the first section of the report on the remuneration policy and compensation paid prepared pursuant to Article 123-ter of Legislative Decree no. 58 of 24 February 1998 (the “TUF”) (i.e., the remuneration policy for the financial year 2026)
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Consultative vote in favor of the second section of the report on the remuneration policy and compensation paid prepared pursuant to Article 123-ter of the TUF (i.e., the report on compensation paid in 2025)
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Appointment of the Board of Directors, following determination of the number of members and term of office, appointment of the Chairman of the Board of Directors, and determination of the remuneration of the members of the Board of Directors
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Appointment of the Board of Statutory Auditors and its Chairman for the financial years 2026–2028, and determination of the remuneration of the members of the Board of Statutory Auditors
Forlì, 14 May 2026 – The ordinary Shareholders’ Meeting of Ferretti S.p.A. (“Ferretti” or the “Company”), a company listed on the regulated market Euronext Milan, organized and managed by Borsa Italiana S.p.A., was held today, on a single call, under the chairmanship of Hao Qinggui, in accordance with the procedures set out in Article 106, paragraph 2, of Italian Decree-Law No. 18/2020 converted into Law No. 27/2020, the effects of which were most recently extended by Decree-Law No. 200/2025 converted, with amendments, into Law No. 26/2026 (the “Shareholders’ Meeting”).
Mr. Tan Ning, the Chairman of the Board of Directors, declared: “It is a great honor for me to be elected Chairman of the Board and wish to express my sincere gratitude to the Shareholders for their trust and continued support.
I would also like to extend my heartfelt thanks to the outgoing Board of Directors and Board of Statutory Auditors, as well as to the outgoing CEO, Mr Alberto Galassi, for work carried out during his mandate in the past twelve years.
The new Board of Directors represents continuity, stability, and growth. It leverages a long-term industrial vision aimed at enhancing the Group and its brands, as well as maintaining the manufacturing presence in Italy and the global commercial network, in line with the path undertaken since 2012″.
Separate and consolidated financial statements as at December 31, 2025
The Shareholders’ Meeting examined and approved the separate financial statements of Ferretti for the financial year ended December 31, 2025, which reported a profit of Euro 44,635,297.39.
The Shareholders’ Meeting also acknowledged the consolidated financial statements of Ferretti Group, including the consolidated sustainability reporting, for the financial year ended December 31, 2025.
Allocation of net profit and distribution of a dividend
The Shareholders’ Meeting also resolved to allocate the net profit for the year, amounting to Euro 44,635,297.39, as follows:
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to the legal reserve, in the amount of Euro 2,231,764.87, pursuant to Article 2430 of the Italian Civil Code;
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to the distribution, in favor of the shareholders, of Euro 0.11 for each of the 338,482,654 ordinary shares of Ferretti outstanding on the ex-dividend date, by way of dividend, for a maximum aggregate amount of Euro 37,233,091.94;
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to retained earnings, the remaining portion of the net profit, for a minimum aggregate amount of Euro 5,170,440.58.
The dividend will be paid on June 17, 2026, with ex-dividend date on June 15, 2026, and record date on June 16, 2026.
For further information, please refer to the explanatory report on item 1 (one) on the agenda of the Shareholders’ Meeting, available on the Company’s website, www.ferrettigroup.com, under the section “Investor Relations – Governance – Shareholders’ Meeting”, and on the authorized storage mechanism “eMarket Storage”, at www.emarketstorage.com.
Report on the remuneration policy for the financial year 2026 and on the remuneration paid in the financial year 2025 pursuant to Article 123-ter of the TUF
The Shareholders’ Meeting (i) approved by binding vote – pursuant to and for the purposes of Article 123-ter, paragraphs 3-bis and 3-ter, of the TUF – the first section of the report on the remuneration policy and compensation paid prepared pursuant to Article 123-ter of the TUF (i.e., the remuneration policy for the year 2026); and (ii) expressed a favorable consultative vote – pursuant to and for the purposes of Article 123-ter, paragraph 6, of the TUF – on the second section of the report on the remuneration policy and compensation paid prepared pursuant to Article 123-ter of the TUF (i.e., the report on compensation paid in the financial year 2025).
For further information, please refer to (i) the explanatory report on item 2 (two) on the agenda of the Shareholders’ Meeting and (ii) the report on the remuneration policy and compensation paid, both available on the Company’s website, www.ferrettigroup.com, under section “Investor Relations – Governance – Shareholders’ Meeting” and on the authorized storage mechanism “eMarket Storage”, at www.emarketstorage.com.
Appointment of the Board of Directors, following determination of the number of members and term of office, appointment of the Chairman of the Board of Directors, and determination of the remuneration of the members of the Board of Directors
The Shareholders’ Meeting determined that the Board of Directors shall consist of 9 (nine) members and appointed the new Board of Directors, which shall remain in charge for a term of 3 (three) financial years and therefore until the date of the shareholders’ meeting called to approve the financial statements for the year ending December 31, 2028, composed of the following persons:
