Revenue for Q2 was £4.9bn, down 24% year‑on‑year (YoY), while H1 revenue was £11.5bn, down 16% YoY
London, November 14, 2025, (Oilandgaspress) ––Jaguar Land Rover Automotive plc (“JLR”) 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 £6.6bn, 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.
Other Highlights:
Loss before tax and exceptional items of £(485)m for Q2 and £(134)m for H1, down from a profit of £398m and £1.1bn respectively a year ago, due to the challenges above and the continuing impact of US tariffs
Exceptional items of £238m in the quarter reflect cyber related costs of £196m and voluntary redundancy programme costs of £42m
EBIT margin was (8.6)% for Q2 and (1.4)% for H1; guidance is revised to 0% to 2% for FY26
Action taken to support balance sheet following cyber incident with £3.5bn additional liquidity backstop facilities secured
Operations recovered at pace following cyber incident, with production now returned to normal levels
Transformation programme launched in June starting to drive planned cost savings
Restart of the systems used to wholesale vehicles, supporting cash generation for JLR
Restart of JLR’s Global Parts Logistics Centre, to help keep customers’ cars on the road
Fast‑track introduction of supplier financing scheme to provide qualifying JLR suppliers with cash upfront during the production restart phase
Production downtime used to accelerate development and testing work for electrification, such as underbody build validation and implementation of ADAS testing rig at Solihull, and EMA readiness at Halewood; part of commitment to invest £18bn over five years from FY24
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JLR became the first global OEM to adopt new Pirelli P Zero tyres containing more than 70% renewable and recycled materials, and FSC™ (Forest Stewardship Council™) certified natural rubber
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Jaguar Type 00 completes its global reveal and arrives in London in December
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JLR opened a solar farm at its centre in Gaydon, UK, capable of meeting nearly a third of the site’s energy requirements and opened a 20 megawatt (MW) solar farm at the CJLR production facility in China, which now generates over half the site’s energy requirements
The JLR Foundation awarded its first grants to four carefully selected charities in the communities in which JLR operates, which align with its mission to empower young people to reach their full potential through the development of essential skills and career prospects
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