RE: Valkyrie and Vantage hit the track20 Sep 2025 11:11
Recent highlights from the latest results, H1 2025:
Burning through 175m per day, average in H1
Losses INCREASED 42%. Revenue DOWN 34% Gross profit DOWN 54%. EBIT DOWN 33%. Net Debt UP 15%
FREE CASH OUTFLOW of £321m, highest in recent times
Decrease in net cash £230m in 91 days, that’s £2.5m per day cash burn for Q2
Cash balance £123m under what they normally raise cash at.
EMEA sales down 28%
APAC sales down 15%
In Q3 2025, the Group expects to enhance its liquidity position through the c.£110m gross proceeds from the forthcoming sale of its investment in the Aston Martin Aramco Formula One™ Team.
Net debt of £1,378m as at 30 June 2025 increased from £1,163m as at 31 December 2024 primarily due to a decrease in the cash balance
Only a THIRD of Valhalla have secured sales with second deposit