Aston Martin cuts 2025 outlook amid global economic challenges

LONDON - Aston Martin Lagonda Global Holdings plc announced on Monday it expects a mid to high single-digit percentage decline in wholesale volumes for 2025 compared to last year, citing macroeconomic headwinds including tariff impacts.

The luxury automaker delivered approximately 1,430 wholesale units in the third quarter of 2025, falling short of previous guidance that projected volumes broadly similar to the same period last year (1,641 units). The company attributed the shortfall to weaker demand in North America, where tariffs continue to impact sales, and in the Asia-Pacific region, including Greater China.

Aston Martin now forecasts its adjusted EBIT for fiscal year 2025 to be below the lower end of market consensus, which stands at a loss of £110 million. The company also no longer expects to generate positive free cash flow in the second half of 2025, reversing previous guidance.

The British manufacturer confirmed its Valhalla hypercar deliveries will commence in the fourth quarter of 2025, though with only about 150 units expected to be delivered in the period—fewer than initially planned. The company cited delays related to vehicle engineering and finalizing mandatory homologation approvals.

Management has initiated an immediate review of future costs and capital expenditure. Capital spending for 2025 is now expected to reach approximately £375 million, down from the previous forecast of £400 million.

Despite current challenges, Aston Martin expects 2026 profitability and free cash flow to "materially improve" compared to 2025, driven by consistent Valhalla deliveries and ongoing cost reduction programs.

The company completed the sale of shares in AMR GP during the third quarter, receiving gross proceeds of approximately £108 million, which supported its total liquidity position of around £250 million at the end of the period.

Aston Martin will provide more details in its third-quarter results announcement on October 29, according to the press release statement.

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