First-half revenue rose 38% to £629mn, driven by a sharp increase in deliveries of its Special models, which carry much higher average selling prices. Total deliveries rose 21% to 2,331 cars.
Underlying operating losses narrowed by 10% to £109mn, reflecting the better gross margins on its Special models.
Free cash outflows improved from £321mn to £198mn, driven by lower operating losses and capital expenditure. Net debt rose by 12% to £1.5bn.
Full-year guidance was largely maintained, with underlying operating profit expected to rise towards breakeven (consensus: £91mn loss), helping to materially improve free cash outflows (2025: £410mn outflow).
The shares were broadly flat in early trading.
Our view
HL view to follow.
Aston Martin key facts
All ratios are sourced from LSEG Datastream, based on previous day’s closing values. Please remember yields are variable and not a reliable indicator of future income. Keep in mind key figures shouldn’t be looked at on their own – it’s important to understand the big picture.
This article is original Hargreaves Lansdown content, published by Hargreaves Lansdown. It was correct as at the date of publication, and our views may have changed since then. Unless otherwise stated estimates, including prospective yields, are a consensus of analyst forecasts provided by LSEG. These estimates are not a reliable indicator of future performance. Yields are variable and not guaranteed. Investments rise and fall in value so investors could make a loss.
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