Aston Martin Reports Improved Q2 Financials Amid Strong Valhalla Deliveries
Aston Martin Lagonda reported a significant improvement in its first-half financial performance for 2026, driven by strong wholesale volume growth and the successful launch of its high-margin Valhalla plug-in hybrid supercar. Revenue rose 38% to £629 million as deliveries increased by 21%, with over 220 units of the Valhalla model sold at an average price exceeding £1.15 million, boosting gross profit and margin. Despite these gains, adjusted EBIT remained negative at £109 million due to ongoing operational costs. The company maintained its full-year guidance for a high-30% gross margin and around 500 Valhalla deliveries. Free cash outflow narrowed significantly compared to the prior year, supported by new financing that increased liquidity to approximately £340 million. However, Aston Martin still faces challenges with net debt of £1.5 billion and a leverage ratio of nearly nine times EBITDA. Management emphasized progress in inventory reduction but noted slower-than-expected sell-downs, particularly for the DBX model in the U.S.
Topics: automotive financial_performance gross_profit revenue_growth