Aston Martin Aramco F1 Team: Business Intelligence Profile

The team competes as a constructor — meaning it designs and builds its own chassis — in the FIA Formula One World Championship, the premier global single-seater racing series. Its legal operating entity is AMR GP Limited, and it is headquartered at Dadford Road, Silverstone, Northamptonshire NN12 8TJ in the United Kingdom. The Aston Martin name entered Formula One at the start of the 2021 season, when Canadian businessman Lawrence Stroll — who acquired the historic Aston Martin Lagonda car brand separately — relaunched what had previously been the Racing Point team. [LinkedIn] [Formula 1] [Wikipedia] [Aston Martin F1 Team] [Liquipedia]

The team's identity has two distinct layers. The Aston Martin name provides the heritage branding — green livery, a recognisable British automotive marque — while Saudi Arabian state energy company Aramco became the exclusive title partner from 1 January 2024, giving the full competition name 'Aston Martin Aramco Formula One Team'. Aramco is a commercial partner and sponsor, not an owner of the British racing structure. Lawrence Stroll remains the controlling shareholder and serves as Executive Chairman. [Democrata] [Demòcrata]

The team's commercial activities extend beyond race competition. It operates an official merchandise store — the Aston Martin Aramco Formula One Team Store — selling teamwear, driver-branded products, and licensed goods such as co-branded Timex watches. The team also actively recruits technical and commercial staff, with its Silverstone factory serving as both engineering base and the physical centre of its operations. On the sustainability side, the team has been certified to ISO 14001 Environmental Management Standard and claims to be the first Formula One team compliant with ISO 50001, a globally recognised energy management standard. [Aston Martin Aramco Formula One Team] [Aston Martin F1 Team]

For the year ended 31 December 2024, the team recorded total revenue of £280.7 million — a 14.7% increase on the prior year. That places it fourth in the Formula One paddock by revenue, behind Mercedes, McLaren, and Red Bull, according to reporting on City A.M. analysis. The revenue growth was driven by rising sponsorship and licensing income, per [Sportcal].

Cost growth is running slower than revenue growth, which is a marginal positive sign. Cost of sales reached £181.1 million in 2024, an 11.5% year-on-year increase against the 14.7% revenue rise. [The Judge 13] attributed this cost growth to the increasing complexity of operating a modern Formula One programme. Yet the team still posted a net loss of £45.8 million for 2024, its fifth consecutive loss-making year since adopting the Aston Martin name.

The cumulative impact is significant. Since 2020, the team has accumulated total losses of £189.5 million — confirmed by [The Judge 13] — or approximately £190 million by [City A.M.]'s rounding. These losses have been funded by shareholder capital, primarily through Lawrence Stroll's ownership consortium. The team's total annual budget is estimated at $250–270 million when infrastructure investments outside the Formula One cost cap are included, per a document reported by.

Revenue sources include investment from Lawrence Stroll and his consortium, title sponsorship from Aramco and technology partner Cognizant, prize money from the FIA Formula One Championship, and brand partnerships and merchandise. The team adheres to the Formula One cost cap on racing operations but continues parallel infrastructure investments not subject to that cap — meaning its total financial commitment to Formula One is materially larger than the regulated ceiling. [Scribd (uploaded document)]

One additional financial development sits outside the core trading results: in 2026, the Aston Martin car company — a separate listed entity from the racing team — announced it would permanently sell the right to use its name in Formula One to the F1 team for £50 million. [The Guardian] reported this as part of Aston Martin Lagonda's efforts to shore up its own balance sheet. This transaction formalises the licensing arrangement between the car brand and the racing operation, transferring a long-term cost from the team to an upfront asset acquisition.

The legal entity that operates the team is AMR GP Limited. Above it sits AMR GP Holdings, with Lawrence Stroll's vehicle — Racing Point UK Holdings Limited — recorded by UK Companies House as holding more than 25% but no more than 50% of AMR GP Holdings' shares. Stroll serves as Executive Chairman and is described across multiple sources as the controlling shareholder. [Wikipedia] [The Race] [Demòcrata] [Democrata]

The minority ownership base is broad and has expanded materially. [The Race] identifies significant minority positions held by Arctos, HPS, the Public Investment Fund of Saudi Arabia (PIF), Woody Johnson, Adrian Newey, and management. Robert 'Woody' Johnson — US businessman, sports team owner, and former US ambassador to the UK — acquired his minority stake in August 2026, per [Sportcal]. Newey holds an equity interest as part of his management package, aligning his financial incentives with the team's performance.

Aston Martin Lagonda, the separately listed car company, previously held a minority equity stake in the racing team. In July 2025, it announced the sale of its remaining 4.6% stake for approximately £110 million, per [Sportcal]. This transaction severed the last meaningful equity link between the car brand and the racing operation — the two are now connected through the separately negotiated naming rights agreement worth £50 million, not through shared ownership.

Aramco's role must be clearly distinguished from ownership. It is a strategic partner and title sponsor; it does not hold equity in the British racing structure, per [Democrata]. The five-year sponsorship agreement running to 2028 gives Aramco significant commercial presence — its name is in the team name — but no governance rights over team operations or strategy.

Andy Cowell joined Aston Martin Aramco on 1 October 2024 as Group Chief Executive Officer, reporting to Executive Chairman Lawrence Stroll. He had previously led Mercedes-AMG High Performance Powertrains, the engine division behind multiple Formula One constructors' championship titles. On 10 January 2025, the team restructured: Cowell formally became CEO and Team Principal, replacing Mike Krack in the team principal role as part of what the team described as a shift to a flatter structure. Krack moved to the role of Chief Trackside Officer, retaining operational responsibility at race weekends. [Aston Martin Aramco Formula One Team] [The Straits Times] [Liquipedia]

By November 2025, the structure changed again. Cowell moved to a new role as Chief Strategy Officer, focused on improving the technical partnership between the team, Honda, Aramco, and Valvoline. Adrian Newey — who had joined the team as Managing Technical Partner — took on the role of Team Principal from 2026, guiding the technical team and trackside operations. Executive Chairman Lawrence Stroll continues to lead the business functions of the team. [Aston Martin Aramco Formula One Team]

The logic behind the division is that each of the three roles plays to a distinct strength: Newey on technical direction and race operations, Cowell on the commercial and technical partnership strategy, Stroll on the business. Enrico Cardile was appointed F1 Chief Technical Officer alongside Cowell's original CEO appointment, further broadening the senior technical bench. [Aston Martin Aramco Formula One Team]

Mike Krack's background spans over 20 years in motorsport. Before joining Aston Martin in January 2022 as Team Principal, he led BMW's global motorsport operation and held senior roles at Porsche, and worked in Formula One engineering for Sauber and BMW-Sauber, including alongside Sebastian Vettel in 2006 and 2007. Krack served as Team Principal from January 2022 to January 2025, a period that included the team's best competitive result — fifth in the 2024 constructors' championship — before stepping into the trackside officer role. [Aston Martin Cognizant Formula One Team] [BBC Sport] [Liquipedia] [Aston Martin Aramco Formula One Team]

The 2024 constructors' championship standings confirmed the competitive picture precisely. McLaren led on 666 points, Ferrari second on 652, Red Bull third on 589, and Mercedes fourth on 468. Aston Martin scored 94 — less than one-fifth of McLaren's tally — to finish fifth, ahead of Alpine, Haas, RB, Williams, and Sauber. The gap to the top four is not marginal; it reflects a meaningful technical deficit in car performance. [Aston Martin Aramco Formula One Team]

The team's commercial infrastructure is, however, significantly stronger than its on-track position suggests. The Aramco title deal — valued at an estimated $75–95 million per year, per [F1Salaries.com], running exclusively to 2028 — gives the team a revenue base more consistent with a front-running constructor. Honda's works power unit partnership, effective from the 2026 season, is the most consequential technical upgrade in the team's history: as a works partner, Aston Martin will receive the same specification power unit as Honda's factory team rather than a customer-grade supply.

The partnership portfolio is broad. Ma'aden (Saudi mining company) holds a principal partner position with primary car surface branding; Cognizant provides official technology partnership covering AI, cloud, and data integration; and JCB joined as a sponsor partner in 2026. The team's sustainability credentials — ISO 14001 and the claimed first-mover on ISO 50001 — differentiate it in partner conversations where ESG positioning matters. [RTR Sports Marketing] [JCB] [Aston Martin Aramco Formula One Team]

The 2026 regulations represent the most significant rule change in Formula One in years: new chassis, new power unit specifications, and new aerodynamic rules that reset the competitive order. The combination of Adrian Newey's technical leadership, a Honda works power unit, and infrastructure investments made outside the cost cap positions Aston Martin Aramco as a credible aspirant for a step forward. Whether 'aspirant' translates to 'challenger' will only be visible in race results. [Aston Martin Aramco Formula One Team]

The Honda works partnership is the most operationally significant commitment the team has made. Honda confirmed in January 2026 that it will supply power units to Aston Martin Aramco from the 2026 season as a works partner — meaning Aston Martin receives Honda's own-specification unit rather than a rebadged customer engine. The partnership was formally celebrated at a launch event in Tokyo. In Formula One, the difference between a works and customer power unit is both technical (specification and development priority) and commercial (terms, exclusivity, and the depth of the engineering relationship). [Honda Motor Co., Ltd.] [Aston Martin Aramco Formula One Team]

The leadership restructure announced in November 2025 is explicitly framed around 2026 readiness. Andy Cowell moves to Chief Strategy Officer to focus on the Honda, Aramco, and Valvoline technical partnerships; Adrian Newey takes Team Principal responsibility for guiding the technical team and trackside operations; and Mike Krack continues as Chief Trackside Officer at races. The team stated that these changes were designed to ensure the leadership team is well prepared to play to its collective strengths in 2026. [Aston Martin Aramco Formula One Team]

On 25 June 2026, the team announced a multi-year partnership with Zscaler, a cybersecurity platform provider. The agreement gives Aston Martin Aramco access to Zscaler's Zero Trust Exchange platform to protect car design data, race strategy, and real-time data flows between the track and the UK-based race technology centre. In a sport where aerodynamic designs and strategy algorithms are commercially sensitive intellectual property — and where data travels continuously between factory and circuit — the cybersecurity partnership reflects a genuine operational priority, not only a commercial arrangement. [GlobeNewswire]

The FIA Cost Cap Administration issued its compliance assessment for the 2021 reporting period on 10 October 2022, finding Aston Martin in procedural breach of the Formula One Financial Regulations. The finding related to process rather than to exceeding the cost cap itself. A separate investigation in May 2022 — triggered by similarities between Aston Martin's upgraded AMR22 car and Red Bull's RB18 — concluded that no wrongdoing had been committed: the FIA confirmed Aston Martin's aerodynamic upgrades were compliant with technical regulations, following a full CAD check and development process audit. [FIA] [Formula 1]

The 2024 reporting period produced a second procedural breach finding. On 29 September 2025, AMR GP Ltd entered into an Accepted Breach Agreement with the FIA Cost Cap Administration after failing to deliver signed copies of its audited annual financial statements by the March deadline. [Reuters] reported that the FIA described it as a 'very minor' procedural infraction attributable to unpredictable factors beyond the team's control. No financial penalties were levied; the FIA confirmed there was no allegation or evidence that the team had sought or gained any unfair advantage.

Separately, in 2025 Aston Martin — the car company, not the racing team — initiated legal proceedings in the UK High Court against IMR Industries, an Italian supplier that halted deliveries over concerns about the car company's financial stability. [IndexBox] reported that Aston Martin sought a permanent injunction to compel IMR to resume deliveries, with a temporary injunction already granted. This litigation relates to the Aston Martin Lagonda car business and its supply chain, rather than to the racing team directly, but it is evidence of the broader financial pressure across the Aston Martin brand ecosystem.

On the planning and infrastructure side, West Northamptonshire Council granted full planning permission for a major development at the Buckingham Road, Silverstone site on 24 July 2025, enabling further expansion of the race technology campus. An earlier application at the same site received permission in March 2023. The team holds ISO 14001 environmental certification and operates under GDPR and UK ICO frameworks; no completed data protection enforcement action against the team has been identified in the reviewed evidence, per [OpenIntel].