Latvala said in a recent book that the job played his financial situation.
Jari-Matti Latvala’s company is net debt. Inka Soveri
In his recent book One rally (Big Dipper) Jari-Matti Latvala told how the Toyota World Championship Rally Team was washed by a great financial rescue.
The lifting was related to the issue between Latvala and the taxpayer, which was discussed in court. In the end, the debt was paid EUR 4.5 million.
– The work of the team manager helped to pay off tax debts. Without Toyota’s wash, I wouldn’t have been able to treat them, Latvala estimates.
The financial information of JML-Sports Oy, owned by Latvala, shows that the business of the former rally driver has been profitable, even hit for bread. Latvala was washed to Toyota boss in 2020, while he founded the company a year earlier.
In the last three years, the company has generated a million euros in turnover, and in the financial year 2021 had net sales of approximately EUR 900,000.
After the taxes of just over one million revenue last year, after taxes, EUR 48,300 was left. However, despite the 8 % increase in net sales, the result was clearly reduced from the previous year at 240,300 euros.
The combined result of the company’s history has been 1.63 million. Osiko Latvala has raised € 400,000 during that time.
Good situation
The situation in the Latvala company seems very good because the company is practically net debt. It has accrued 1.34 million equity and had more than half a million euros at the end of last year.
Jari-Matti Latvala is also a member of the board of the Toyota Gazoo Racing World Rally Team Oy. The company’s net sales last year were 196.7 million and the profit was EUR 14.5 million.
According to the company’s financial statements, no wage or fees have been paid to the members of the Board of Directors.
In early 2025, a company called JML -WRT Finland Oy was established, where Latvala is the only member of the board.
The company’s industry is motor sports and competition activities, promotional activities, sales and mediation of advertising space and advertising. In addition, the industry includes the design and manufacture, construction and construction of vehicles, racing cars and their parts, imports, export sales and rental, as well as the importation, export and sale of other motor and other sports products and textiles.