Jaguar Land Rover (JLR) reported a pretax profit of £14 million ($19 million) for the 12 months through March 2026, down from £2.5 billion a year earlier. CEO P.B. Balaji stated, "JLR faced a challenging year with revenue and profit impacted by multiple headwinds, including a pause in production following the cyber incident," adding that "we recovered well in the fourth quarter as production returned to normal levels." Revenue for the full financial year was £22.9 billion, a drop of 20.9 percent year-on-year.
The cyberattack began on August 31, 2025, prompting JLR to pause production on September 1, and by September 22 it had caused production lines to cease all production for three weeks. Regular production capabilities were reached by mid-November. The Cyber Monitoring Centre (CMC) estimates the attack cost the UK economy approximately £1.9 billion, describing it as the most damaging cyberattack in British history. In the third quarter of the fiscal year, wholesale volumes collapsed 43.3% year-on-year to 59,200 units, while retail sales fell 25.1% to 79,600 units.
In addition to the cyber incident, JLR's profitability was impacted by incremental US tariffs, market challenges in China, and the planned wind-down of legacy Jaguar models ahead of the new Jaguar launch. Profit before tax in the fourth quarter was £458 million, down from £875 million in the prior year. To support liquidity in its supply chain, JLR fast-tracked a £500 million financing solution to allow qualifying suppliers to receive cash upfront, and the UK government issued a £1.5 billion loan guarantee to prevent supply chain collapse.
Cyber security threat analysis firm Cyfirma identified the Scattered Spider Lapsus$ Hunters group as the likely attacker; the group claimed responsibility on Telegram, sharing screenshots of JLR's internal IT systems. Looking ahead, the company stated it remains "resilient and well placed" to address global economic challenges and "demonstrated the commitment of our people, suppliers and retail partners." JLR plans to invest £18 billion over the next five years (2024-2029) and is preparing for a major product offensive, including the Range Rover Electric and entirely electric new Jaguar models.
Note: This summary draws on SupplyChainBrain's publicly visible headline + subhead + opening paragraph and on sector background on automotive cybersecurity and production disruptions.
Key Takeaways:
1. JLR's annual pretax profit plunged from £2.5 billion to £14 million (99%+ decline)
2. August 2025 cyberattack halted production for 6 weeks, normal capacity restored mid-November
3. Q3 wholesale volumes fell 43.3% to 59,200 units; ~£1.9 billion UK economy damage estimated
4. US tariffs and China market challenges added pressure; UK government issued £1.5 billion guarantee for suppliers
5. Company plans £18 billion investment 2024-2029, preparing Range Rover Electric and electric Jaguar models
