UK’s largest car maker posts £310m Q3 loss as it counts £64m in cyber attack costs, with production only returning to normal levels in mid-November
A worker in the Jaguar Land Rover Wolverhampton factory(Image: PA Media)
Jaguar Land Rover (JLR) has reported further losses as it continues to grapple with the financial fallout from the major cyber attack last autumn. The UK’s largest car manufacturer has incurred an additional £64 million in costs linked to the cyber breach, which necessitated a five-week production halt across its UK plants from September last year.
The company reported a £310 million pre-tax loss for its third quarter ending in December, down from the £523 million profit recorded the previous year. Revenues for the final quarter of 2025 plummeted by 39% year-on-year to £4.5 billion, as sales volumes were hit by the cyber incident, with production only resuming normal levels in mid-November.
JLR said the losses were exacerbated by the ongoing impact of US tariffs, the planned phase-out of legacy Jaguar models ahead of new launches, and deteriorating conditions in China. However, the group expressed optimism about a significant improvement in its performance in the final quarter.
PB Balaji, the new CEO of JLR who succeeded former boss Adrian Mardell in November, described it as a “challenging quarter for JLR 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”.
He added: “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.
“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.
Today’s statement said: “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 is reaffirmed, with EBIT margin in the range of 0% to 2% and free cash outflow of £2.2bn to £2.5bn.”