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Jaguar Land Rover reported a 24% hit to its second quarter results ending Sept. 30, 2025 (Q2 FY26), blaming a cyberattack that shuttered global vehicle production in September and the impact of U.S. tariffs.
Its results showed Q2 revenues of £4.9 billion ($6.44 billion), while first half year revenues were £11.5 billion, down 16% YoY due to production stoppages and the planned wind-down of legacy Jaguar models.
Losses booked, before tax and exceptional items, were £485 million for Q2 and £134 million for H1, down from a profit of £398 million and £1.1 billion respectively for the same periods in 2024, JLR’s CFO Richard Molyneux told an investors’ meeting on Nov. 14.
Exceptional items of £238 million in the quarter reflected cyber-related costs of £196 million and voluntary redundancy program costs, cutting 500 jobs in its U.K. operations, of £42 million, said Molyneux.
EBIT margin was down 8.6% for Q2 and 1.4% for H1 while the company has now downgraded its EBIT forecast guidance for full year ending March 2026 from between 0% to 2%. JLR said in a statement that vehicle production has now returned to normal levels.
“JLR has made strong progress in recovering its operations safely and at pace following the cyber incident,” CEO Adrian Mardell said in a statement. “The speed of recovery is testament to the resilience and hard work of our colleagues.”
Looking forward he highlighted the forthcoming launches of the Range Rover Electric and the new electric Jaguar models as he prepares to retire after 35 years with the company, handing the baton to PB Balaji, the former CFO of JLR’s parent company, Tata Motors.
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