**Summary of Aston Martin Lagonda Global Holdings plc Q3 2025 Results**
**Overview**
Aston Martin Lagonda Global Holdings plc (AML) reported its Q3 2025 results, highlighting challenges from macroeconomic headwinds, including U.S. tariffs and weak demand in China. Despite these pressures, the company emphasized strategic actions to improve financial performance, reduce costs, and optimize its product cycle plan.
**Key Financial Highlights**
**Revenue**Declined 26% year-to-date (YTD) to £739.6 million, driven by lower wholesale volumes and reduced Special deliveries.
**Gross Profit**Fell 44% YTD to £209.4 million, with a gross margin of 28.3% (down from 37.9% in 2024).
**Adjusted EBIT**Loss widened to £172.1 million (YTD), compared to £121.5 million in 2024.
**Net Debt**: Increased to £1381.0 millionup from £1216.5 million in Q3 2024.
**Wholesale Volumes**Down 8% YTD to 3,352 units, with Q3 volumes declining 13% to 1,430 units.
**Operational Updates**
**Valhalla Deliveries**Commenced in October 2025, with ~150 units expected in Q4 2025 and ~500 in 2026, expected to boost profitability.
**Cost Reduction**Immediate actions to lower FY25 capex to £350 million and SG&A to £275 million.
**Product Cycle Plan**Under review to reduce 5-year capex from £2 billion to £1.7 billion, focusing on cost discipline.
**Regional Performance**
**UK**Volumes down 5% YTD
Q3 down 32%.
**Americas**Volumes down 3% YTD
Q3 down 9%.
**EMEA ex. UK**Volumes down 8% YTD
Q3 up 10%.
**APAC**Volumes down 17% YTD
Q3 down 24%with China demand remaining subdued.
**Outlook**
**Q4 2025**Expected sequential improvement driven by new model deliveries (DBX S, Vantage S, Valhalla) and cost efficiencies.
**FY 2025**Total wholesale volumes to decline mid-to-high single digits
adjusted EBIT <mark style="background-color:yellow">below</mark> prior consensus
gross margin in low 30s%.
**FY 2026**Anticipated material improvement in profitability and cash flow, supported by Valhalla deliveries and operating leverage.
**Management Commentary**
CEO Adrian Hallmark highlighted proactive steps to address challenges, including cost optimization and product cycle review. Executive Chairman Lawrence Stroll reaffirmed confidence in the brand’s long-term prospects despite near-term headwinds.
**Conclusion**
Aston Martin faces near-term pressures but is taking strategic actions to improve financial performance and position itself for growth in 2026, driven by new models and cost discipline. The company remains focused on its vision of being a leading ultra-luxury British brand.