P1racenews AI automatic summary:
Mercedes has released its 2024 financial data on Companies House, reporting bumper profits in Lewis Hamilton’s final season with the team.
Mercedes has reported an after-tax profit of nearly £120 million for 2024, Lewis Hamilton’s final season with the Brackley team. Hamilton announced his move to Ferrari for 2025 before the 2024 season began, marking an end to his successful stint with Mercedes. The team saw a sharp rise in after-tax profit in 2024, reaching £120,344,000, attributed to higher commercial revenues from sponsorship and licensing, accounting for over 60% of income. Mercedes reported a turnover of £636.025 million in 2024, up from £546.450 million in 2023, signifying an increase of £89.575 million year-on-year. Operating profit for Mercedes in 2024 stood at £160.64 million, a significant rise from 2023’s £46.854 million. The team paid £42.702 million in tax for 2024, resulting in an after-tax profit of £120.344 million, representing a rise of £36.498 million from 2023. All UK-based F1 teams, including Red Bull and McLaren, have similar reporting requirements, due by September 30, 2025, while early filing is possible.
