Aston Martin has revealed it expects to report lower-than-expected annual profits after citing a “highly challenging” trading environment last year.

The luxury carmaker said that heightened tariffs in the US had impacted its figures, which are expected to be at the lower end of previous guidance when it reports its results next week (25 February).

Aston Martin revealed that it delivered total wholesale volumes of 5,448 cars, down from the 6,030 it sold in the 2024 financial year, as it said retails outpaced wholesale volumes. This included 152 Valhalla deliveries in Q4 2025.

The carmaker said its 2025 financial year gross margin will be around 29.5%, with adjusted earnings “slightly below the lower end of the analyst consensus range”.

Alongside the trading update, Aston Martin also announced the sale of naming rights for its F1 team to a related party for a cash consideration of £50m, which it said would enhance its liquidity position.

The company’s total liquidity, as of 31 December, remained broadly flat compared to Q3 at £250m. Aston Martin said this reflects a “sequential improvement in performance in Q4”, for which it expects to report “modest” positive free cash flow.

“The group continues to expect material improvement in FY2026 financial performance driven by an enhanced product mix including circa 500 Valhalla deliveries, ongoing benefits from the transformation programme and a continued disciplined approach to operations,” an Aston Martin statement said.

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