Aston Martin narrows loss on Valhalla Coupe sales; maintains guidance

Aston Martin Lagonda Global Holdings PLC on Wednesday maintained its annual guidance, as higher sales, driven by its Valhalla Coupe, steered the company to a narrowed loss.

The Gaydon, England-based luxury carmaker reported a pretax loss of £77.1 million for the third quarter ended September 30, narrowed from £111.9 million a year earlier. For the first nine months of 2026, pretax loss narrowed to £231.3 million from £252.7 million a year earlier.

Revenue rose 36% to £388.7 million in the third quarter from £285.2 million, while nine-month revenue increased 38% to £1.02 billion from £739.6 million.

Gross margin improved to 37.4% in the third quarter from 29.0%, and to 35.2% for the nine-month period from 28.3%. Free cash outflow narrowed to £27.6 million in the quarter from £94.0 million, and to £225.2 million for the first nine months from £415.0 million.

Total wholesale volumes - meaning cars sold through dealerships - for the first nine months rose 12% to 3,762 from 3,352 a year earlier. Aston Martin said the increase was primarily driven by around 350 Valhalla Coupe deliveries within its Specials division.

Aston Martin maintained its 2026 guidance, expecting full-year wholesale volumes to be similar to 2025 and gross margin to improve to the high 30s percentage range.

Chief Executive Adrian Hallmark said: "Our year-to-date 2026 performance demonstrates tangible and consistent progress towards the financial transformation of Aston Martin. Valhalla deliveries, and the benefits of our transformation programme, have lifted gross margin to 35%, while free cash outflow almost halved as we move towards our goal of cash generation.

"We expect this momentum to continue into [the fourth quarter] and beyond, in line with our unchanged full year 2026 guidance and outlook."

Shares in Aston Martin, which was demoted from the FTSE 250 index in September, were down 1.5% to 37.46p per share on Wednesday afternoon in London.

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