FORMULA E RACE OPERATIONS LIMITED

1. FORMULA E RACE OPERATIONS LIMITED 2018-06-29 → present
2. FORMULA E OPCO 1 LIMITED 2016-09-01 → 2018-06-29

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

IFRS

Reporting scope

Standalone (parent only)

Auditor

Deloitte LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“As the Company relies on the support of its parent company, the directors of the Formula E Operations Limited provided a letter of support and with Liberty Global's majority stake in the Group, the directors of the Company continue to adopt the going concern basis in preparing its annual report and financial statements.”

Group structure

1. FORMULA E RACE OPERATIONS LIMITED · parent
   1. Formula E Mexico Race Operations, S.de R.L.de C.V. 99.97% · Mexico · Management of race activities in Mexico
   2. Formula E Enterprise, Inc. 100% · United States of America · Management of race activities in the USA
   3. Formula E Brazil Ltda 100% · Brazil · Management of race activities in Brazil

Significant events

• “Two new significant races have been added to the Season 10 calendar: a return to China (Shanghai) and a first for motorsport - racing in downtown Tokyo (Japan), adding together a further 1.5 billion potential fans with home races.”
• “On October 2, 2024, the acquisition of the shares sold by Warner Bros. Discovery to Liberty Global was completed and resulted in the majority ownership of the Group by Liberty Global (65.6%).”
• “In March 2025, a proposed transaction for the sale of the Maserati MSG Formula E team collapsed. Formula E have now taken temporary ownership of the team and will provide support whilst exploring alternative ownership.”

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

1

last 12 months

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

• Turnover

  -0.1%

  £162,477,526 → £162,355,869

• Cash

  -53%

  £2,060,269 → £968,821

• Net assets

  +8.5%

  £24,569,561 → £26,650,697

• Employees

  +14.8%

  61 → 70

• Operating profit

  -29.5%

  £5,675,281 → £4,001,411

• Profit before tax

  -56%

  £4,971,840 → £2,189,492

• Wages

  +17.5%

  £3,513,511 → £4,128,293

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