The Formula 1 team Williams has released its financial report for 2024.

According to the documents, the British team experienced losses amounting to £49.846 million ($67.3 million) against total financial investments exceeding £550 million. Since September 2020, Williams has repeatedly raised additional capital through stock offerings, with total inflows surpassing £1.5 billion.

“While we continue to face losses, these are in line with our expectations and our strategy of investing across all areas of the business to enhance both our current and commercial performance in pursuit of success in the medium and long term. The balance sheet remains stable: as of December 31, net assets stood at £130.1 million (2023: £67.3 million – Note from ‘Championship’), providing a solid financial foundation for the team’s long-term strategy aimed at returning to leading positions and ensuring financial stability,” stated Matthew Savage, Chairman of Dorilton Capital, according to the team’s press office.