REG - Aston Martin Lagonda - Notice of GM and FY 2025 Trading Update

Aston Martin Lagonda Global HoldingsAnnouncement

20/02/2026 07:00

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RNS Number : 7420T  Aston Martin Lagonda Glob.Hldgs PLC  20 February 2026

20 February 2026

Aston Martin Lagonda Global Holdings plc

("Aston Martin", or "AML", or the "Company", or the "Group")

Proposed Sale of Aston Martin Naming Rights to Aston Martin F1 Team

and FY 2025 Trading Update

 

F1 naming rights

Aston Martin today announces that following an offer from AMR GP Holdings
Limited ("AMR GP"), it is proposing to sell the right to use Aston Martin as
part of the 'Aston Martin F1 Team' name and as a chassis name to AMR GP in
perpetuity, as well as certain related branding rights, in each case limited
to specified uses in the context of AMR GP's F1® operations, for
consideration of £50m in cash (the "Proposed Transaction"). In 2024, Aston
Martin extended its long-term Sponsorship Arrangement until at least 2045,
with the Naming Arrangements for AMR to use the 'Aston Martin' name in F1
until 2055 at the latest.

FY 2025 Trading Update

In 2025, Aston Martin navigated a highly challenging trading environment
whilst continuing to deliver operational milestones. Despite external factors,
including, but not limited to heightened tariffs in the U.S. and, as guided,
fewer high margin Special deliveries impacting financial performance, the
Group made progress on its business transformation journey, driving
operational efficiencies in cost and capex, whilst continuing to expand its
model line-up.

The following unaudited FY 2025 Trading Update is provided ahead of the FY
2025 Results scheduled for 25 February 2026:

·   The Group delivered total wholesale volumes of 5,448 (FY 2024: 6,030),
with retails outpacing wholesale volumes. This included 152 Valhalla
deliveries in Q4 2025.

·     The Group currently expects FY 2025 gross margin of circa 29.5%
and adjusted EBIT slightly below the lower end of the analyst consensus range
(lower end of the January 2026 analyst consensus: £(184m)).

·    The previously announced actions taken by the Group to reduce
SG&A and capex in FY 2025 are expected to result in adjusted operating
expenses (excl. D&A) decreasing 16% to £262m (FY 2024: £313m) and
capital expenditure of £341m (FY 2024: £401m).

·    Total liquidity at 31st December 2025 remained broadly flat compared
to Q3 2025 at £250m. This reflects a sequential improvement in performance in
Q4 2025, for which period modest positive free cash flow is expected.

The £50m consideration from the Proposed Transaction will enhance the Group's
liquidity position.

The Group continues to expect material improvement in FY 2026 financial
performance driven by an enhanced product mix including c.500 Valhalla
deliveries, ongoing benefits from the transformation programme and a continued
disciplined approach to operations.

Substantial Property Transaction

Shareholder approval by ordinary resolution under the Companies Act 2006 (the
"Act") is required from the Company's shareholders for the Proposed
Transaction as a "substantial property transaction" under s190 of the Act. A
Circular and Notice of Meeting will be published later today.

Shareholders accounting for 54.27 per cent of the total issued share capital
of the Company have provided irrevocable undertakings to vote in favour of the
resolution relating to the Proposed Transaction.

Shareholders who have provided irrevocable undertakings:

 Shareholder                              Number of Shares  % shareholding of the Company's issued share capital
 Members of the Yew Tree Consortium       330,574,088.      32.65
 Geely International (Hong Kong) Limited  142,530,859       14.08
 Mercedes-Benz AG                         76,320,195        7.54

 

Related Party Transaction

Lawrence Stroll is a related party of the Company for the purposes of the UK
Listing Rules by virtue of his position as Executive Chairman and a director
of the Company.  Additionally, Lawrence Stroll is a related party of the
Company by virtue of being the lead investor in Yew Tree Consortium, a
substantial shareholder of the Company. As Lawrence Stroll also indirectly
controls the majority of the voting rights of AMR GP, AMR GP is an associate
of Lawrence Stroll and therefore, AMR GP is also a related party of the
Company.

The Proposed Transaction constitutes a notifiable related party transaction
under UK Listing Rule 8.2.1R.  Accordingly, the Board of Directors of the
Company (comprised for these purposes of independent Directors) confirms that
it considers that the Proposed Transaction is fair and reasonable as far as
shareholders of the Company are concerned, and that the Board has been so
advised by Goldman Sachs International as sponsor to the Company. Goldman
Sachs International has taken into account the commercial assessment of the
Board of Directors of the Company.

 

Enquiries

 

Investors and Analysts

James Arnold                        Head of Investor Relations
                    +44 (0) 7385 222347

 
 
        james.arnold@astonmartin.com

Maddie Herborn                  Investor Relations Analyst
               +44 (0) 7345 000730

 
 
        madeleine.herborn@astonmartin.com

Media

Kevin Watters                       Director of Communications
               +44 (0) 7764 386683

 
 
        kevin.watters@astonmartin.com

FGS Global

James Leviton and Jenny Bahr
                             +44 (0) 20 7251 3801

 

 

About Aston Martin Lagonda

Aston Martin's vision is to be the world's most desirable, ultra-luxury
British brand, creating the most exquisitely addictive performance cars.

Founded in 1913 by Lionel Martin and Robert Bamford, Aston Martin is
acknowledged as an iconic global brand synonymous with style, luxury,
performance, and exclusivity. Aston Martin fuses the latest technology, time
honoured craftsmanship and beautiful styling to produce a range of critically
acclaimed luxury models including the Vantage, DB12, Vanquish, DBX and its
first mid-engined plug-in hybrid, Valhalla. Aligned with its Racing. Green.
sustainability strategy, Aston Martin is developing alternatives to the
Internal Combustion Engine through a blended drivetrain approach and plans to
have a line-up of electrified sports cars and SUVs.

Based in Gaydon, England, Aston Martin Lagonda designs, creates, and exports
cars which are sold in more than 50 countries around the world. Its sports
cars are manufactured in Gaydon with its luxury DBX SUV range proudly
manufactured in St Athan, Wales.

Lagonda was founded in 1899 and came together with Aston Martin in 1947 when
both were purchased by the late Sir David Brown, and the company is now listed
on the London Stock Exchange as Aston Martin Lagonda Global Holdings plc.

Cautionary statement

 

No representations or warranties, express or implied, are made as to, and no
reliance should be placed on, the accuracy, fairness or completeness of the
information presented or contained in this release. This release contains
certain forward-looking statements, which are based on current assumptions and
estimates by the management of Aston Martin Lagonda Global Holdings plc
("Aston Martin Lagonda"). Past performance cannot be relied upon as a guide to
future performance and should not be taken as a representation that trends or
activities underlying past performance will continue in the future. Such
statements are subject to numerous risks and uncertainties that could cause
actual results to differ materially from any expected future results in
forward-looking statements. These risks may include, for example, changes in
the global economic situation, and changes affecting individual markets and
exchange rates.

Aston Martin Lagonda provides no guarantee that future development and future
results achieved will correspond to the forward-looking statements included
here and accepts no liability if they should fail to do so. Aston Martin
Lagonda undertakes no obligation to update these forward-looking statements
and will not publicly release any revisions that may be made to these
forward-looking statements, which may result from events or circumstances
arising after the date of this release.

This release is for informational purposes only and does not constitute or
form part of any invitation or inducement to engage in investment activity,
nor does it constitute an offer or invitation to buy any securities, in any
jurisdiction including the United States, or a recommendation in respect of
buying, holding or selling any securities.

Goldman Sachs International ("GS"), which is authorised by the Prudential
Regulation Authority and regulated by the Financial Conduct Authority and the
Prudential Regulation Authority in the UK, is acting exclusively for the
Company and no one else in connection with the matters referred to in this
announcement and will not be responsible to anyone other than the Company for
providing the protections afforded to clients of GS or for providing advice in
connection with the matters referred to in this announcement. No
representation or warranty, express or implied, is made by GS as to the
contents of this announcement.

 

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