diff --git a/core/Makefile b/core/Makefile
index 7e62ad4bb3..fbe22b7447 100644
--- a/core/Makefile
+++ b/core/Makefile
@@ -894,6 +894,7 @@ INSTALLED_FILES_JSON_RAMDISK := $(INSTALLED_FILES_FILE_RAMDISK:.txt=.json)
 $(INSTALLED_FILES_FILE_RAMDISK): .KATI_IMPLICIT_OUTPUTS := $(INSTALLED_FILES_JSON_RAMDISK)
 $(INSTALLED_FILES_FILE_RAMDISK) : $(INTERNAL_RAMDISK_FILES) $(FILESLIST)
 	@echo Installed file list: $@
+	@mkdir -p $(TARGET_RAMDISK_OUT)
 	@mkdir -p $(dir $@)
 	@rm -f $@
 	$(hide) $(FILESLIST) $(TARGET_RAMDISK_OUT) > $(@:.txt=.json)