Aston Martin reported improved first half numbers, driven by deliveries of its Valhalla hybrid supercar, backed by a recently completed £550m refinancing.

Revenues for the six months ended June rose 38% to £629m from £454m a year earlier, boosted by more than 220 Valhalla deliveries, higher core wholesale volumes and a 17% increase in average selling prices.

The company's adjusted operating ⁠loss ​narrowed to £52m in second quarter from £57m a ​year earlier.

Gross profit climbed 68% to £213m, with gross margin improving to 34% from 28%, while adjusted earnings swung to a profit of £63m from a £3m loss a year earlier. Capital expenditure fell to £120m from £171m as investment remained focused on the future product pipeline.

The debt-laden car maker saw gross debt nudge up to £1.66bn at the end of June, while liquidity stood at £145m before the completion of a new £550m financing package in July. The company said the refinancing, comprising a £450m senior secured term loan and a £100m delayed-draw facility, increases pro forma liquidity to around £340m and reduces near-term refinancing risk.

CEO Adrian Hallmark said: "The new £550m debt financing announced last week, significantly strengthens our liquidity, providing us with both additional resilience and further flexibility to execute our current and future product plans."

The company's shares rose 1.5% at 37 pence in mid-day following a morning slide of 2%.

Aston Martin reiterated its operational guidance for 2026, expecting wholesale volumes to be broadly in line with 2025, including around 500 Valhalla deliveries, while forecasting a material improvement in financial performance through a richer product mix, cost savings and benefits from its ongoing transformation programme.

Macroeconomic uncertainty, including US tariff risks, China's luxury car tax changes and geopolitical tensions, continued to present obstacles, however.

Hallmark added: "H1 2026 demonstrates that we are on track to deliver material financial improvement this year compared with 2025. We expect an even stronger second half, as transformation benefits flow through and Specials deliveries continue."

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