March 6, 2025 at 7:44 pm
#298960
Sorry, my post was a bit blunt. I did not mean to be rude.
The 2024 loss is largely due to one-off non-cash adjustments (such as revaluation of used car values and depreciation changes) rather than a decline in core sales performance. When these items are removed, the “underlying” pre‑tax loss shrinks to about £130 million, a much smaller figure that would be more favorably viewed against the backdrop of increased sales and revenue.
Long story short I don’t think this will have any impact on AP.