Business
Preliminary Results FY2025
Aston Martin Lagonda Global Holdings plc reported preliminary results for the twelve months ended 31 December 2025, navigating a challenging environment with a 10% decrease in wholesale volumes to 5,448 units and a 21% revenue decline to £1,258 million, impacted by tariffs and fewer high-margin Specials. Despite a 37% drop in gross profit to £370 million and an adjusted EBIT loss of £189 million, the company saw a 5% increase in core ASP to £185k and achieved modest positive free cash flow in Q4 2025, ending the year with £250 million in liquidity, further enhanced by a proposed £50 million sale of naming rights in Q1 2026. The company anticipates a material improvement in financial performance for FY 2026 driven by an enhanced product mix, including approximately 500 Valhalla deliveries, and ongoing transformation benefits. Disclaimer*
About this update from Aston Martin Lagonda Global Holdings Plc
[{"type":"text","content":"\n\nAston Martin Lagonda Global Holdings plc\n(\"Aston Martin\", or \"AML\", or the \"Company\"; or the \"Group\")\nPreliminary results for the twelve months ended 31 December 2025\n\n· Navigated a highly challenging trading environment whilst continuing to deliver operational milestones including product launches and operational transformation\n· Immediate actions taken to reduce SG&A and CAPEX in FY 2025 partially offset the impact of external challenges and the Group's disciplined approach to production and fewer high margin Specials\n· FY 2025 core ASP increased 5% to £185k, reflecting inclusion of new core model derivatives\n· Commenced production of Valhalla with first 152 deliveries in Q4 2025, supporting strong sequential quarterly performance and total ASP growth\n· Improved cash collections in Q4 2025 resulted in modest positive free cash flow in Q4 2025 and year-end total liquidity of £250m, further enhanced by the proposed sale of the Aston Martin naming rights to AMR GP for a consideration of £50m in Q1 2026\n· In FY 2026, expect material improvement in financial performance driven by an enhanced product mix, benefits from the ongoing transformation programme and disciplined approach to operations\n\n\n\n\n\n£m\n\n\nFY 2025\n\n\nFY 2024\n\n\n% change\n\n\nQ4 2025\n\n\nQ4 2024\n\n\n% change\n\n\n\n\nTotal wholesale volumes1\n\n\n5,448\n\n\n6,030\n\n\n(10%)\n\n\n2,096\n\n\n2,391\n\n\n(12%)\n\n\n\n\nRevenue\n\n\n1,257.7\n\n\n1,583.9\n\n\n(21%)\n\n\n518.1\n\n\n589.3\n\n\n(12%)\n\n\n\n\nGross profit\n\n\n369.8\n\n\n583.9\n\n\n(37%)\n\n\n160.4\n\n\n207.0\n\n\n(23%)\n\n\n\n\nGross margin (%)\n\n\n29.4%\n\n\n36.9%\n\n\n(750 bps)\n\n\n31.0%\n\n\n35.1%\n\n\n(410 bps)\n\n\n\n\nAdjusted EBIT2\n\n\n(189.2)\n\n\n(82.8)\n\n\n (129%)\n\n\n(17.1)\n\n\n38.7\n\n\nn/m\n\n\n\n\nOperating (loss)/profit\n\n\n(259.2)\n\n\n(99.5)\n\n\n(161%)\n\n\n(68.4)\n\n\n33.3\n\n\nn/m\n\n\n\n\nLoss before tax\n\n\n(363.9)\n\n\n(289.1)\n\n\n(26%)\n\n\n(111.2)\n\n\n(60.2)\n\n\n(85%)\n\n\n\n\n\n\n\n\n\n\n\n\n\n \n\n\n \n\n\n \n\n\n \n\n\n\n\nNet debt2\n\n\n(1,380.3)\n\n\n(1,162.7)\n\n\n(19%)\n\n\n(1,380.3)\n\n\n(1,162.7)\n\n\n(19%)\n\n\n\n\n1 Number o...