Aston Martin unveils £1.3m open-top Valhalla Spider as supercar helps to narrow the British firm's losses

Aston Martin reported third-quarter results where Valhalla hypercar deliveries helped offset a 9% decline in core-model volumes. According to Investing.com, core-model volumes fell to 1,304 vehicles from 1,428 the previous year, while total wholesale volumes were 1,431. SUV volumes decreased by 14%, and sales in Europe, the Middle East, and Africa excluding Britain fell 20%. Revenue rose 36% to £388.7 million, though this was below an estimate of £392 million.

The company's adjusted pre-tax loss was £75.6 million, which was wider than the average analyst estimate of £60 million and the £106.9 million loss reported a year earlier. Adjusted EBIT was a loss of £24.9 million compared to a profit of £50.6 million the previous year. Investing.com notes that adjusted net financing costs rose to £149 million for the first nine months, driven by extra interest on a new £450 million term loan and an £11 million non-cash loss from revaluing U.S. dollar debt.

This Is Money reports that almost all examples of the new Valhalla Spider have already been sold, even though production is not scheduled to begin until the second half of 2027. This has provided a boost to the company's third-quarter results.

Brief written by urgent.news from This Is Money, Investing.com — 2 reports on this story. Machine-written — may contain errors; check the original before relying on it.