Aston Martin: A Turnaround Running on Borrowed Time

For investors, Aston Martin is becoming a classic example of the difference between a better business and a safer stock.

The operating story has improved. First half 2026 revenue jumped 38% to £628.6 million, wholesale volumes increased 21% to 2,331 cars, and the company continued ramping up deliveries of its long awaited Valhalla hybrid supercar. Gross margin also improved significantly as the product mix shifted towards higher priced Specials and newer models.

But the balance sheet remains the problem.

Aston Martin reported a £154.2 million pre tax loss for the first half, while net debt reached roughly. . .