FORMULA ONE DIGITAL MEDIA LIMITED

Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. About these numbers

Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.

Accounting basis

FRS 101

Reporting scope

Standalone (parent only)

Auditor

KPMG LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The company's business activities, together with the factors likely to affect its future development, its financial position and its principal risk exposures, are described in the Strategic Report on page 3. The company had net current assets of $77.6m as at 31 December 2024 (2023-$45.2m). The company and its fellow Formula 1 subsidiaries have access to considerable financial resources, and also benefit from revenues generated from a significant number of material long-term contracts with geographically diverse customers from across a range of different industries. The company also has access to the wider resources of its fellow Formula 1 subsidiaries, together with access to the Group's $500.0m undrawn revolving credit facility ("RCF"). The Group's performance in 2024, its expectations for 2025, expected levels of leverage, the stable capital structure with no impending maturities and a significant portfolio of interest rate swaps fixing a significant proportion of floating rate debt, and continued access to significant readily available liquidity, support the directors' view that the company has adequate resources to continue to meet all liabilities as and when they fall due for a period of at least 12 months from the date of approval of these financial statements. Accordingly, the financial statements have been prepared on a going concern basis.”

Significant events

• “Most recently, the 2023 Emilia-Romagna Grand Prix was cancelled due to severe flooding in the region.”
• “Additionally, the 2022 Russian Grand Prix was cancelled due to circumstances arising from Russia's invasion of Ukraine, and during the 2021 and 2020 seasons, a number of events were cancelled and/or replaced due to the COVID-19 pandemic.”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

3

last 12 months

Capital events

0

last 24 months

Officers appointed

0

last 12 months

Officers resigned

0

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.

• Turnover

  +20.1%

  £131,277,984 → £157,638,992

• Cash

  —

  Not reported

• Net assets

  +57.7%

  £43,558,933 → £68,684,952

• Employees

  —

  Not reported

• Operating profit

  +19.9%

  £28,361,749 → £34,000,000

• Profit before tax

  +19.9%

  £28,348,406 → £33,993,328

Each % is (latest − prior) ÷ |prior| for the line item as filed. The comparison is only shown when the latest and prior accounts cover broadly equal-length periods — short or long stubs (typical around incorporation or a year-end change) are suppressed rather than misrepresented. Lines a company doesn't report are omitted. About these numbers