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Aston Martin (Q1 Results): showing signs of improvement

It was a good start to the year for Aston Martin, but it’s a long road back to profitability.
Aston Martin - ongoing supply chain issues dent performan

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Aston Martin’s first-quarter revenue rose 16% to £270mn, driven by a sharp increase in deliveries of its Special models, which carry higher average selling prices.

Underlying operating losses narrowed by 12% to £57mn, largely as a result of the revenue growth.

Free cash outflows improved by 3% to £117mn, with reduced capital expenditure helping to offset cash being tied up in inventory. Net debt rose 15% to £1.5bn.

Full-year guidance has been maintained, with car deliveries expected to be similar to 2025’s level of 5,448. Underlying operating profit is expected to improve towards breakeven, helping to “materially improve” free cash outflows.

The shares rose 6.7% 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.

This article is not advice or a recommendation to buy, sell or hold any investment. No view is given on the present or future value or price of any investment, and investors should form their own view on any proposed investment.

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Written by
Aarin Chiekrie
Aarin Chiekrie
Equity Analyst

Aarin is a member of the Equity Research team and a CFA Charterholder. Alongside our other analysts, he provides regular research and analysis on individual companies and wider sectors. Having a keen interest in global economics, he knows how macro-events can impact individual companies.

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Article history
Published: 29th April 2026