In March, Carbon Revolution – which supplies carbon-fibre wheels to the likes of Ferrari, Lamborghini, Chevrolet and Ford – announced it would enter voluntary administration, citing a desire to get back on track amid financial uncertainty.
The depth of its financial difficulties have now been uncovered, with the Australian Financial Review (AFR) citing a report by administrator McGrathNicol that uncovered $347 million in losses since July 2022.
According to the report, Carbon Revolution lost $97 million in the 2024-25 financial year and had lost $43 million between July 2025 and the end of March 2026. Two months ago it was reported the company had accrued circa-US$160 million (A$230 million) in debts.
While Carbon…