Business
Q1 results for three months ended 31 March 2026
Aston Martin Lagonda Global Holdings plc reported first quarter results for the three months ended March 31, 2026, with total revenue increasing 16% to £270.4 million, driven by a 17% rise in total ASP to £252k, largely due to 102 Valhalla deliveries, and a gross margin improvement to 34.7%. The company secured a new £50 million committed facility with the Yew Tree Consortium and completed the sale of Aston Martin F1 naming rights, enhancing pro forma liquidity to approximately £230 million. Full-year 2026 guidance remains unchanged, with wholesale volumes expected to be similar to the prior year and gross margin projected to improve into the high 30s%. 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\")\nFirst quarter results for the three months ended 31 March 2026\n\n________________________________________________________\n\n \n \n· Delivered Q1 2026 performance in line with guidance; core retail volumes significantly ahead of wholesale volumes in addition to a further 102 Valhalla deliveries\n· Enhanced product mix driving 17% increase in total ASP combined with transformation benefits delivers material gross margin improvement to 35%\n· Agreed new £50m committed facility with certain members of the Yew Tree Consortium which in addition to the completed sale of the Aston Martin F1 naming rights to AMR GP enhances pro forma liquidity at the end of Q1 2026 to c. £230m\n· FY 2026 guidance unchanged whilst remaining mindful of the broader macroeconomic and geopolitical backdrop\n \n\n\n\n\n£m\n\n\nQ1 2026\n\n\nQ1 2025\n\n\n% change\n\n\n\n\nTotal wholesale volumes1\n\n\n939\n\n\n950\n\n\n(1%)\n\n\n\n\nRevenue\n\n\n270.4\n\n\n233.9\n\n\n16%\n\n\n\n\nGross Profit\n\n\n93.9\n\n\n65.2\n\n\n44%\n\n\n\n\nGross Margin (%)\n\n\n34.7%\n\n\n27.9%\n\n\n680 bps\n\n\n\n\nAdjusted EBIT2\n\n\n(56.9)\n\n\n(64.5)\n\n\n12%\n\n\n\n\n\n\n\n\n\n\n\n\n\n \n\n\n\n\nOperating loss\n\n\n(8.9)\n\n\n(67.3)\n\n\n87%\n\n\n\n\nLoss before tax\n\n\n(65.5)\n\n\n(79.6)\n\n\n18%\n\n\n\n\n \n\n\n\n\n\n\n\n\n \n\n\n\n\nNet debt2\n\n\n(1,459.2)\n\n\n(1,267.4)\n\n\n(15%)\n\n\n\n\n1 Number of vehicles including Specials; 2 For definition of alternative performance measures please see Appendix\n \n \nAdrian Hallmark, Aston Martin Chief Executive commented:\n\"Q1 2026 confirms that we are on track to deliver material financial improvement this year. In line with our full year guidance, Q1 2026 total wholesale volumes were similar to the prior year, while gross margin increased into the mid-30s driven by Valhalla deliveries and the benefits of our transformation programme.\n\"Whilst we remain mindful of the uncertain global macroeconomic and geopolitical context, including the current conflict in the Middle East, we are focused on executing our strategy and achieving our unchanged 2026 full year gui...