Alpine experienced a reversal in its financial performance through 2024 resulting in a \u00a314.6million loss.<\/p>\n
The result, detailed in the team\u2019s full-year accounts, marks a \u00a322.4million drop in its position versus 2023.<\/p>\n
Alpine suffered \u00a314.6million loss in F1 2024<\/p>\n
Alpine finished sixth in the F1 2023 campaign, maintaining that position last season \u2013 largely courtesy of a surprise double-podium at the Sao Paulo Grand Prix.<\/p>\n
However, reductions in revenue and increased costs resulted in the downturn, with gross profits falling from \u00a372.4million ($97.5m) in 2023 to \u00a344.5million ($60m) last year.<\/p>\n
\u201cThe team endured a tough start to the 2024 season with weakened on-track performance,\u201d noted Duncan Minto, then director of the team. \u201cFollowing performance upgrades across the year and changes to senior management, the team had a strong second half of the season with a double podium finish at the S\u00e3o Paulo Grand Prix and ended the year by consolidating 6th place in the Constructors\u2019 Championship (2023: 6th).<\/p>\n
\u201cTurnover for the year, comprising mainly of sponsorship income and prize money, was \u00a3238.5 million (2023: \u00a3250.0 million) and the loss after taxation for the financial year was \u00a314.6 million (2023: \u00a37.8 million profit).\u201d<\/p>\n
A notable change was that, with prize money paid out a year in arrears, while Alpine finished sixth in 2024, throughout that campaign it received payments based on its 2023 result. By comparison, through 2023, it received payments based on finishing fourth, which entitled the team to a greater percentage of the prize fund. The net result was a downturn in prize money income of almost 13 per cent year on year.<\/p>\n
Should the team not improve on its current position in the Constructors\u2019 Championship, it will be entitled to the second smallest portion of the prize money fund next year, which will be split 11 ways courtesy of the arrival of Cadillac. PlanetF1.com estimates that could see its prize money entitlements drop from around \u00a367million ($90m) to around \u00a347million ($63m) \u2013 though that figure is dependent on F1\u2019s own commercial performances in both 205 and 2026.<\/p>\n
Alpine currently finds itself in a rebuilding phase and on the precipice of transforming from a full works operation into a customer team for F1 2026.<\/p>\n
Then, it will swap its in-house Renault power unit supply for customer Mercedes units after it was decided to end its own engine programme ahead of F1\u2019s next generation of regulations.<\/p>\n
Last month, it appointed Steve Nielsen as managing director, the F1 veteran returning to Enstone where he was part of Fernando Alonso\u2019s world championship-winning campaigns in 2005 and 2006.<\/p>\n
He\u2019s slotted in alongside Flavio Briatore, who continues as executive advisor on behalf of Renault\u2019s new CEO, Francois Provost.<\/p>\n
More on the health of F1 teams<\/p>\n
\ud83d\udc49 McLaren profits quadruple in \u00a3530million championship-winning campaign<\/a><\/p>\n