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Williams posts $67m loss despite revival
Oct.3 Williams has revealed another heavy annual loss, even as the historic team celebrates progress on and off the track. Financial filings show a post-tax deficit of $67.5 million in 2024 – the Grove outfit's fifth straight year in the red – bringing cumulative losses since 2020 to over $285m. Revenue, however, rose sharply by $67.6m to $243.2m, though soaring administrative expenses of $238.3m left the bottom line unchanged. The team also bolstered its balance sheet by raising more than $747m in new capital late last year, strengthening liquidity with $25m cash in hand. Williams said the result was 'in line with expectations and the Group's strategy to continue investing in...
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4w ago from OneStopStrategy.com
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