Photo: Formula Motorsport Ltd
Formula Motorsport Limited, the promoter of both FIA Formula 2 and FIA Formula 3, has reported revenue of €82million for the 2025 financial year, the highest-ever annual turnover in its history, according to its recently-published financial statements.
The London-based company has now almost doubled its total revenues in the seven years since it began running the FIA F3 championship in 2019. Most of that increase has come from the sale of media rights, race promotion fees and sponsorship income as the two championships have continued to surge in global popularity.
That “commercial exploitation” accounted for approximately half of FML’s revenue for the year-ended 31 December 2025, with the other half coming from the sale of new cars to teams competing in the two championships and “associated parts, tyres and engine maintenance revenues”.
With teams needing to purchase the new F3 car ahead of the 2025 season, “Other F3 related income” jumped from €9.2million to €21.5million compared to 2024, while F2-related income showed a corresponding decrease of €12million, with that championship in the second year of its three-year cycle.
The 2% growth in revenue compared to the prior year also reflects the loss of one-off income generated by the sale of cars and parts for Apple’s ‘F1 The Movie’ project, which used modified F2 cars to represent the fictional APXGP team’s F1 cars. FML does not provide further details on the income generated from cooperating with this project.
While the top line figure has continued to grow, FML’s profit after tax fell by one-third to €13.1million as a result of a significant foreign exchange loss.
In December 2025, the company paid a dividend to its sole shareholder, Delta Topco Ltd, of €68.9million, representing almost 90% of its accumulated profits. On the same day, Delta Topco transferred $32.6million to Liberty GR Holding Company Limited, the Formula 1 Group’s UK holding company.
Liberty GR Holding used the proceeds to acquire the site of Formula 1’s Media and Technology Centre, located in Biggin Hill on the outskirts of Greater London, the deal going through on the same day as the dividends were paid. Biggin Hill is used for F1’s race weekend broadcasts, including F2 and F3.