Aston Martin posts widening of losses but upbeat on outlook

(Sharecast News) - Aston Martin Lagonda reported a widening of its first-half losses on Wednesday but said its performance had improved "materially" and struck an upbeat tone on the outlook.

In the six months to the end of June, pre-tax losses widened to �154.2m from �140.8m in the same period a year earlier.

Total wholesale volumes rose by 21% to 2,331, while revenue was up 38% at �628.6m due to an increase in special models, driven by Valhalla deliveries and core volumes.

Chief executive Adrian Hallmark said the first half demonstrates the company is "on track to deliver material financial improvement this year compared with 2025".

"Q2 2026 total wholesale volumes increased by 43% compared to the prior year period as our focus on smoothing production cadence materialised, with core retail volumes continuing to run ahead of supply," he said.

"Valhalla deliveries in H1 2026 supported the improved financial performance including gross profit increasing by 68% from �127m to �213m with gross margin up to 34%. We expect an even stronger second half, as transformation benefits flow through and Specials deliveries continue."

Hallmark also said the �550m debt financing announced last week significantly strengthens liquidity, providing the company with "additional resilience and further flexibility" to execute its current and future product plans.

At 1057 BST, the shares were up 1.5% at 37p.

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