Formula 1 reports record £429.6 Million turnover in 2025
Formula 1 Reports Record £429.6 Million Turnover in 2025
Newly released financial documents from Formula One Management Limited have revealed a landmark year for the sport, with a record turnover of £429.6 million ($574.2 million USD) posted for the 2025 season.
The accounts, filed with Companies House, cover the 24-race campaign that saw Lando Norris secure the world title. This surge in revenue represents a roughly nine per cent increase from the £393.3 million recorded during the 2024 period.
Breaking Down the Numbers
While the top-line growth is significant, the granular data shows a complex financial landscape. The gross turnover climbed to £429.6 million, while cost of sales rose to £207.1 million, up from £192.1 million in 2024. This resulted in a gross profit of £222.5 million.
Despite an increase in administrative expenses—rising by £18.6 million year-on-year to reach £198.7 million—the organization managed to grow its operating profit to £23.8 million, a slight increase from the £21.1 million reported in 2024.
However, the bottom line tells a different story. After accounting for interest, the profit before tax remained relatively flat at £19.958 million. Following tax obligations, the overall profit for the 2025 financial year stood at £19.406 million, a notable decrease from the £29.471 million achieved in 2024.
Looking Ahead: Regional Risks and HQ Relocation
The financial outlook for the upcoming 2026 season remains uncertain. The current figures do not account for potential disruptions in the Middle East caused by the ongoing Iran War, which may lead to postponed or cancelled Grand Prix events. Because F1’s primary income is derived from race-hosting fees, any reduction in the calendar could impact future revenue. The full extent of these geopolitical risks will not be visible until the 2026 accounts are published in September 2027.
In addition to these economic variables, Formula 1 is preparing for a significant corporate move. The organization is set to transition its London headquarters from St James' Market to new premises in Westminster. Having entered into a lease agreement for a property on Broadway near Buckingham Palace in early 2026, F1 expects to occupy the new space in early 2027.
As the business side of the sport continues to evolve, fans can expect more financial updates soon. While Mercedes already filed its 2025 figures in June, statements from major UK-based teams, including Red Bull, McLaren, Williams, and Aston Martin, are expected by the end of September.
Simone Scanu
He’s a software engineer with a deep passion for Formula 1 and motorsport. He co-founded Formula Live Pulse to make live telemetry and race insights accessible, visual, and easy to follow.