As the Companies House deadline passed, RacingNews365 reviewed 2025 filings for eight UK-based Formula 1 teams and the governing body, revealing revenues, profitability, and strategic spending trends.

The analysis covers McLaren, Mercedes, Red Bull, Williams, Aston Martin, Alpine, Haas, and Cadillac. Audi, Ferrari, and Racing Bulls are excluded due to different reporting structures.

Combined turnover topped £3.2 billion in 2025, driven by prize money and sponsorship. Context matters under financial regulations, including the F1 cost cap, which shapes competitive investment.

Mercedes led on revenue at £633.378 million, hinting at a potential $1 billion mark in 2026. Haas trailed on £147.422 million, yet posted a record high for the team.

Profitability split evenly. Four teams reported profits after tax, while four recorded losses. Several loss-making teams narrowed deficits compared to 2024, reflecting tighter cost control.

McLaren’s results diverged from its title-winning form. A £53.836 million profit in 2024 shifted to a £17.360 million loss in 2025.

The reversal stems from loan repayments tied to COVID-era financing, including £179 million from MSP Sports Capital and UBS O’Connor. By September 2025, loans cleared and ownership consolidated under investors.

Mercedes delivered £133.143 million profit after tax, over five times the combined profits of the other three profitable teams. Earnings rose £15.468 million year-on-year, eclipsing Red Bull, Alpine, and Haas.

Williams and Aston Martin remained loss-making but improved, cutting deficits from over £45 million in 2024 to just above £25 million. Political headwinds, including the Williams rule change dispute, may shape decisions.

Cadillac’s 2025 accounts reflected a £121.9 million loss while preparing for its 2026 debut. With no prize money or commercial intake, a truer picture arrives with 2026 data in 2027.

Red Bull’s filings highlighted a major exit cost. Christian Horner received £100.482 million as compensation for loss of office, plus nearly £14 million in salary across two Red Bull entities.

Restructuring continues, reflected in Racing Bulls’ 2027 direction and the evolving driver decision process.

The governing body stayed profitable, posting just under £19.5 million in 2025, around £10 million lower year-on-year, amid stable commercial conditions and ongoing regulatory debate.

The filings underline shifting ownership, targeted spending, and entry costs. The competitive picture for 2026 will be shaped by regulation, execution, and how teams convert resources into performance.

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Daniel Miller

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.