Aston Martin Lagonda Global Holdings plc reported its Q1 2026 results, showing performance in line with guidance. Key highlights include
**Financial Performance**Revenue increased by 16% to £270.4 million, driven by a 17% rise in total Average Selling Price (ASP) due to Valhalla deliveries. Gross profit surged 44% to £93.9 million, with gross margin improving to 34.7%. Adjusted EBIT loss narrowed to £56.9 million, and net loss before tax was £65.5 million.
**Operational Metrics**Total wholesale volumes remained stable at 939 units, with core retail volumes outpacing wholesale. Valhalla deliveries reached 102 units, contributing to the improved product mix.
**Liquidity and Debt**Pro forma liquidity improved to £230 million, supported by a new £50 million facility from the Yew Tree Consortium and the sale of Aston Martin F1 naming rights. Net debt increased to £1,459.2 million, primarily due to working capital outflows and FX impacts.
**Outlook**FY 2026 guidance remains unchanged, with expectations of similar wholesale volumes, gross margin improvement into the high 30s%, and material free cash flow improvement. The company remains cautious about macroeconomic and geopolitical challenges, including U.S. tariffs and the Middle East conflict.
**Strategic Focus**Aston Martin continues its transformation program, focusing on cost optimization, cash flow generation, and a revised product cycle plan to balance innovation with cost discipline.
Overall, Aston Martin is on track to deliver material financial improvement in 2026, despite ongoing global uncertainties.
| Metric | Q1 2026 | Q1 2025 | % Change |
|---|---|---|---|
| Total Wholesale Volumes | 939 | 950 | -1% |
| Revenue (£m) | 270.4 | 233.9 | 16% |
| Gross Profit (£m) | 93.9 | 65.2 | 44% |
| Gross Margin (%) | 34.7% | 27.9% | 680 bps |
| Adjusted EBIT (£m) | -56.9 | -64.5 | 12% |
| Operating Loss (£m) | -8.9 | -67.3 | 87% |
| Loss Before Tax (£m) | -65.5 | -79.6 | 18% |
| Net Debt (£m) | -1,459.2 | -1,267.4 | -15% |