Aston Martin Lagonda has posted a worse-than-expected quarterly loss as it battles tariffs, taxes and geopolitical uncertainty, but the luxury carmaker insists its turnaround remains on course.
Financial results
Pre-tax losses widened to £88.7 million in the second quarter from £61.2 million a year ago, pushing the first-half deficit to £154.2 million. Underlying operating losses narrowed to £52 million from £57 million, but still missed forecasts.
Revenues in the first half jumped 38% to £628.6 million, with wholesale volumes up 21%. The company said it had seen a “materially improved” first-half performance.
Valhalla and outlook
Aston Martin cheered the sale of 220 of its new Valhalla plug-in hybrid supercar and expects orders to ramp up further in the second half. Chief executive Adrian Hallmark said: “First half 2026 demonstrates that we are on track to deliver material financial improvement this year compared with 2025. Second quarter 2026 total wholesale volumes increased by 43% compared to the prior year period.”
He added: “We expect an even stronger second half, as transformation benefits flow through and Specials deliveries continue.”
External pressures
The group has been hit by rising US tariffs, higher taxes on luxury cars in China, and the Middle East conflict, which it described as “the latest macroeconomic and geopolitical uncertainty”. It said it has managed to limit the direct impact on the business in the first half and continues to monitor the situation.
To shore up its balance sheet, Aston Martin last week agreed a £550 million debt funding deal from BlackRock-owned HPS Investment Partners, on top of more than £600 million already secured from chairman Lawrence Stroll since he took control.
Cost-cutting
In February, the company announced up to 600 job cuts, or a fifth of its global workforce of 2,800, as part of a drive to reduce costs by around £40 million. That followed 170 redundancies announced at the start of 2025.
