Aston Martin F1 posts £46 million loss in 2024

Aston Martin’s Formula One team has reported another year of heavy losses, posting a £45.8 million deficit for 2024 – its fifth consecutive annual loss since adopting the iconic British marque. Yet rising revenues, major investments, and the arrival of engineering legend Adrian Newey signal optimism for the Silverstone-based outfit’s long-term ambitions.

Aston Martin Formula One recorded net losses of £45.8 million (US$61 million) for the year ending 31 December 2024, extending its streak of red ink to five straight seasons. Since rebranding under the Aston Martin name in 2020, the team’s total losses have reached £189.5 million (US$252.5 million). However, revenues climbed 14.7% year-on-year to £280.7 million, underscoring the squad’s growing commercial pull despite its financial setbacks.

The team’s owner, Canadian billionaire Lawrence Stroll, continues to pour substantial resources into transforming Aston Martin from a midfield contender into a front-running force. Though results on the track have lagged behind expectations, the recent signing of celebrated engineer Adrian Newey – who will join ahead of the new 2026 regulations – has boosted hopes of a competitive resurgence.

Commercially, Aston Martin remains one of the UK’s top Formula One teams by turnover, behind only Mercedes, McLaren, and Red Bull. A series of multi-year sponsorship deals signed in 2025 is expected to strengthen the team’s finances further, though their impact will only be reflected in next year’s accounts.

In July 2025, private equity investors valued the team at £2.4 billion (US$3.3 billion) after Aston Martin Lagonda Holdings sold its minority stake for £110 million. The valuation highlights the team’s enduring appeal to investors and the belief that Stroll’s long-term vision could eventually turn years of investment into sustained success – both on and off the track.