Gaydon, UK, 14 November 2025: Jaguar Land Rover Automotive plc (“JLR”) today reports its financial results for the three months to 30 September 2025 (Q2 FY26):
Update on cyber incident response
Decisive actions taken to restart business safely, support stakeholders and recover operations at pace following recent cyber incident. Actions included:
Investment in Reimagine transformation continues
Modern Luxury
Electrification / Sustainability
Jaguar Land Rover Automotive plc today reports its financial results for the three months to 30 September 2025 (Q2 FY26)
JLR’s revenue for the quarter was £4.9bn, down 24% versus Q2 FY25, while H1 revenue was £11.5bn, down 16% YoY. Revenues were impacted by the cyber incident and the planned wind down of legacy Jaguar models, ahead of the launch of new Jaguar.
On 2 September 2025, JLR announced that it had been impacted by a cyber incident, with the initial action being to shut down all global systems. Following a pause in production, manufacturing restarted on a phased basis from 8 October 2025. To support liquidity in its supply chain, JLR fast‑tracked a new £500m financing solution to allow qualifying suppliers to receive cash at the point of production scheduling.
Loss before tax and exceptional items was £(485)m for Q2 and £(134)m for H1, down from a profit of £398m and £1.1bn respectively a year ago. EBIT margin was (8.6)% for the second quarter, down from 5.1% a year ago, and (1.4)% for H1, down from 7.1% in H1 last year. This decrease in profitability is largely due to the cyber incident, the continuing impact of US tariffs, reduced volumes as referenced above and increased VME.
Exceptional items of £238m in the quarter reflect costs of £196m relating to the cyber incident and voluntary redundancy programme costs of £42m.
Loss after tax in the quarter was £(547)m, compared to a profit of £283m in the same quarter a year ago. For H1, the loss after tax was £(311)m compared to a profit of £785m last year. The decrease in profitability year‑on‑year was the result of the challenges referred to above.
Free cash outflow for the quarter was £(791)m and £(1.5)bn for H1, with a closing cash balance of £3.0bn. Total liquidity as at 30 September 2025 was £6.7bn, including undrawn RCF of £1.7bn and the new £2bn bridge facility, signed on 22 September 2025. Additionally, in October a £1.5bn UKEF guaranteed commercial loan was secured, providing further support to the balance sheet.
Looking ahead, JLR remains resilient and well placed to address the economic, geopolitical and policy challenges the industry faces. Investment spend is expected to remain at £18bn over the five‑year period from FY24. In light of the challenges faced, FY26 guidance has been revised, with EBIT margin in the range of 0% to 2% and free cash outflow of £2.2bn to £2.5bn.