Williams has reported a loss of nearly £50 million for the last financial year, even after receiving an extraordinary £555 million cash injection from its owners in 2024. Despite this, the team’s overall position has improved compared to the previous year as its rebuilding phase continues.
The team generated close to £180 million in revenue, resulting in a £49.8 million deficit. Operational expenses rose by £15 million, reaching £176.2 million. However, other income increased by 50%, showing positive financial momentum. The year ended with £25 million in available cash, placing the team in a stronger liquidity position.
Matthew Savage, one of the team’s directors, said:
“Whilst the Group remains in a loss position, this is in line with expectations and the Group’s strategy to continue investing in all areas of the business to drive both on-track and commercial performance in pursuit of success in the medium and long-term.
The balance sheet remains strong with net assets of £130.1m as at 31 December (2023: £67.3m), providing a sound financial base on which to continue the team’s long-term strategy of returning to the front of the grid and being financially stable.”
Massive Share Allotments Fuel Growth
During 2024, Williams raised significant additional capital through multiple share allotments £271.5 million in October and £284 million in December, totaling £555.5 million for the year. Since September 2020, the team has raised over £1.5 billion through ten separate allotments.
Owned by Dorilton Capital since 2020, the team’s valuation reached £920 million by late 2024 and has likely risen further. The scale of ongoing investment underscores a long-term commitment to achieving greater returns. Financial experts suggest the operation aims to emulate the success of investors like MSP Capital, which realized a tenfold return on its motorsport investments.
Positive Trajectory On and Off Track
Williams’ progress extends beyond its balance sheet. The team secured a major title partnership with Atlassian, described internally as the largest in its history. Several other brands joined during 2024, including Komatsu, Mercado Libre, Globant, Keeper Security, Vast Data, and Zoox.
On track, momentum is equally strong. Carlos Sainz joined Alex Albon on a multi-year deal, helping secure a podium finish in Azerbaijan. The team now holds fifth place in the Constructors’ Championship, a remarkable climb from its 2024 position.
Having scored just 17 points last year, Williams has already earned 101 points in 2025 with several races still remaining. The improved results are expected to bring a substantial prize money boost next season. Combined with growing sponsorship revenue and solid long-term funding, Williams appears financially and competitively stronger as its rebuild continues.
