The McLaren F1 team recorded a surprising financial loss of £17.3 million GBP after tax in 2025 despite a bumper year on and off-track, where it won both championship titles.
Lando Norris guided McLaren to its first championship double since 1998 in 2025 and won the first drivers' title for the team since Lewis Hamilton in 2008, with the team earning turnover of £588.483 million GBP - a rise of £100 million GBP from the 2024 financial year.
This increased turnover is the result of increased commercial revenue from McLaren's vast array of sponsors and the prize money it earned from Formula 1 for its performance in the constructors' championship, as it successfully defended its constructors' crown.
In the official financial declaration to Companies House, a legal requirement for any company trading in the UK, McLaren then recorded cost of sales of £534.332 million in 2025, leaving it with a gross profit of £54.141 million GBP. In 2024, cost of sales was £159.309 million less at £375.023 million GBP, leaving a gross profit of £113.370 million before any expenses were paid.
On the gross profit of £54.141 million in 2025, the team paid expenses of £129.651 million, which, after some additional income was added, left a before-tax loss for the year of £42.758 million, a fall of nearly £91 million GBP from the £48.462 million profit before tax 12 months prior.
After interest was added and deducted, and then tax applied to the loss, it left McLaren with a bottom-line loss figure of £17.360 million GBP, a fall of £71.196 million GBP from the bottom-line profit of £53.836 million GBP in 2024.
However, the team enjoys strong financial reserves with net assets of £45.948 million GBP on the books, down slightly from the £60.212 million GBP in 2024.
Elsewhere, McLaren Racing CEO Zak Brown enjoyed a bumper pay packet for the year.
The documents show that the highest-paid director within the company, believed to be Brown, received a base salary of £8.215 million - a rise from £6.126 million in 2024.
It is also described that payments "in relation to the long-term incentive schemes" were made to Brown, totalling £73.682 million GBP - up from £31.077 million GBP in 2024. This total would make Brown one of the highest-paid executives in all of sport.
One reason for the surprising financial loss of McLaren was that it repaid loans after a cash investment during COVID, when the team nearly went bust.
MSP Sports Capital invested in the team in December 2020, co-investing with UBS O'Connor LLC and the Najafi Companies, with UBS O'Connor, investment group Caspian and Ares Capital all investing a total of £179 million.
By September 2025, the loan notes had been fully repaid with the investors acquiring the wider McLaren Group, granting full ownership.
The Bahraini Mumtalakat sovereign wealth fund remains the majority shareholder.
Below, you can check out the rest of the financial records examined by RacingNews365 during this filing season for the UK-based teams.
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