“I’m delighted we now have more seasons ahead and my thanks go to Fred Vasseur and many others at Scuderia Ferrari for continuing to show faith in our project.

“This announcement is just another example of the long-term ambition of MoneyGram Haas F1 Team — our investment and growth in the sport continues.”

Ferrari currently supplies both Haas and Sauber, although the latter is set to become a fully-fledged Audi works team in 2026.

It remains to be seen if Ferrari picks up another customer team for the start of the new rules cycle.