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F1 Hits £400 Million Turnover Record Despite Profit Dip
Highlights
- Formula 1 reported record £429.6 million turnover for 2025.
- Operating profit rose slightly to £23.8 million in 2025.
- Profit after tax fell to £19.4 million from £29.5 million.
- F1 to relocate London headquarters to Westminster by early 2027.
- Financial reports awaited from Red Bull, McLaren, Williams, Aston Martin.
- Middle East conflict risks potential future race cancellations.
Formula 1 reports record £429.6m turnover for 2025, per Companies House filings, reflecting a nine percent rise year-on-year across a 24-race season.
The headline growth arrives with mixed profitability. Operating profit edges to £23.8m, but profit after tax drops to £19.4m amid higher costs and a markedly lower tax charge.
Promoter fees remain the primary income driver, underpinned by sustained demand for calendar slots and event growth, even as cost of sales climbs in parallel.
Record turnover of £429.6 million caps F1’s 2025 financial year.
Gross profit increases to £222.5m from £201.3m, while cost of sales rises to £207.1m from £192.1m, compressing margins despite the stronger top line.
Administrative expenses jump by £18.6m to almost £199m, limiting gains. That leaves operating profit modestly ahead of 2024’s £21.1m, but below the pace of revenue growth.
Profit after tax declines to £19.4 million, down from £29.5 million in 2024.
After financing, profit before tax is effectively flat at just under £20m. The tax bill tumbles to £552,000, contributing to the year’s lower bottom line.
Management also flags regional instability in the Middle East as a risk to future race calendars. Any related income impact will only appear in next year’s disclosures.
F1 will relocate its London headquarters to Westminster, targeting occupation in early 2027.
Off-track, F1 activates a break clause on its St James’ Market lease and signs a new agreement near Buckingham Palace, aligning with anticipated 2027 changes and potential shorter 2027 races.
The new site requires refurbishment through 2026, with F1 targeting early 2027 occupancy. The move consolidates commercial operations and modernises workspace for a growing organisation.
Team finances remain in focus. Red Bull, McLaren, Williams, and Aston Martin are due to file 2025 accounts by month-end, while Mercedes has already reported.
Commercial appetite appears resilient, evidenced by events such as a record Italian GP, but scheduling risks and cost inflation continue to test margins.
Visual Summary
F1
£429.6M
2025 Turnover
🚀 +9%
2025 Turnover
🚀 +9%
£222.5M
Gross Profit ▲
Gross Profit ▲
£19.4M
After Tax ▼
After Tax ▼
£199M+
Expenses
Expenses
Future Uncertainty
HQ Move
🏆
Norris 2025
F1 SOARS TO RECORD £429.6M TURNOVER
But profits come down to earth on rising costs—
The financial race gets tighter in 2025!
But profits come down to earth on rising costs—
The financial race gets tighter in 2025!
Formula 1 posts its highest-ever revenue for the Lando Norris title year.
But rapid expense growth means profits after tax drop 34%—a warning flag as the series steers into an uncertain financial future.
But rapid expense growth means profits after tax drop 34%—a warning flag as the series steers into an uncertain financial future.
🏢 F1 moves its headquarters in 2026.
⛈️ Potential race cancellations threaten next year’s numbers.
📈 Teams’ financial results due soon!
Daniel Miller reports on Formula 1 Grand Prix weekends with race-day analysis, team-radio highlights, and point-standings updates. He explains power-unit upgrades, aerodynamic developments, and driver rivalries in straightforward, SEO-friendly language for a global F1 audience.
