Automotive giant Jaguar Land Rover continues to suffer fallout from 2025 cyber attack with year-on-year quarterly revenues down 39% to £4.5bn and hefty losses. Tony McDonough reports
Carmaker Jaguar Land Rover (JLR) saw a return to normal production in mid-November following a devastating cyber attack – but continues to take a financial hit from the crisis.
JLR, which employs around 3,500 people at its plant in Halewood in Merseyside, has just published its financial results for the three months to December 31, 2025, the third quarter of its fiscal year.
They show revenues down 39% year-on-year to £4.5bn. Total for the year-to-date is £16bn, down 24% on the previous year. Pre-tax losses came in at £310m, against a pre-tax profit of £523m in the previous year.
At the end of August 2025 JLR was hit by a cyber attack which shut down production at factories in the UK, including Halewood. This shutdown lasted through September and into early October. It had to spend £196m on outside consultants alone.
Chief executive PB Balaji, who succeeded Adrian Mardell in November, said: “Q3 was a challenging quarter with performance impacted by the production shutdown we initiated in response to the cyber incident, the planned wind down of legacy Jaguar and US tariffs.
“Thanks to the commitment of our dedicated teams, we returned vehicle production to normal levels by mid‑November, and we are focused on building our business back stronger.
“While the external environment remains volatile, we expect performance to improve significantly in the fourth quarter and we have clear plans to manage global challenges. We have a resilient business and remain focused on transformation.
“2026 is set to be an exciting year for JLR as we develop our next generation vehicles, including the launch of the Range Rover Electric and the unveiling of the first new Jaguar.”
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JLR’s total liquidity at December 31, 2025, was £6.6bn, including the undrawn £1.7bn RCF, an undrawn £1.5bn bridge facility and an undrawn £1.5bn UKEF guaranteed commercial loan.
It says investment spend is expected to remain at £18bn over the five‑year period from FY24. In light of the challenges faced, FY26 guidance is reaffirmed, with EBIT margin in the range of 0% to 2% and free cash outflow of £2.2bn to £2.5bn.