Half Year 2026 Aston Martin Lagonda Global Holdings PLC Earnings Call Transcript
Key Points
- Aston Martin Lagonda Global Holdings PLC (AMGDF) delivered over 220 Valhallas, marking a significant milestone for their first mid-engine PHEV supercar.
- Retail volumes significantly outpaced wholesales, indicating strong consumer demand and effective stock optimization.
- The company reported a 38% increase in revenue compared to H1 2025, driven by increased wholesales and an improved product mix.
- Gross profit increased by 68%, reflecting the success of the Valhalla deliveries and transformation benefits.
- A new £550 million debt financing was announced, enhancing liquidity and providing flexibility for future product plans.
- Despite improvements, Aston Martin Lagonda Global Holdings PLC (AMGDF) reported an adjusted EBIT loss of £109 million in H1 2026.
- Depreciation and amortization increased by 45% to £172 million, impacting overall profitability.
- The company faced FX headwinds due to the strengthening of the pound against the US dollar, affecting financial results.
- Net adjusted financing costs increased significantly to £99 million, primarily due to non-cash US dollar debt revaluations.
- The automotive industry continues to face challenges from global macroeconomic and geopolitical environments, including the conflict in the Middle East and US tariffs.
Good morning, or good afternoon, all, and welcome to the Aston Martin Lagonda first half 2026 results call. My name is Adam, and I'll be your operator today. If you'd like to ask a question during the Q&A portion of today's call, you may do so by pressing star followed by one on your telephone keypad.
Now I will now hand the floor to CEO, Adrian Hallmark to begin. So Adrian, please go ahead.
So good morning, everyone.
Thank you for joining us today for Aston Martin's 2026 half-year results. It's a pleasure to be here alongside Doug Lafferty, CFO.
Before Doug takes you through the financials in detail, I will provide a short summary of our performance in the first six months of the year with time for questions on the results at the end of the session. As we outlined at the start of the year, 2026 was about delivering material improvement in financial performance driven by an enhanced product mix and benefits from the ongoing
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