JLR revenue drops 25% amid £196m cyber attack costs
JLR’s revenue for the second quarter of the financial year dropped by 24% year-on-year to £4.9 billion due to the effects of the cyber attack which hit the OEM at the beginning of September and has cost it £196m.
In its latest financial results (to 30 September 2025), the carmaker said its revenue for the first half of the financial year was also down 16% to £11.5bn. JLR said the impact of the cyber incident combined with the planned wind down of legacy Jaguar models contributed to the drop in revenue. The almost £200m was reported as an exceptional item, along with £42m related to voluntary redundancy programme costs.
The OEM also experienced a big hit to its profitability, largely due to the cyber attack as well as the continuing impact of US tariffs. Last year, the carmaker achieved a profit of £1.1bn in H1, while this year that figure was a £134m loss.
“It has been a challenging quarter for JLR,” said Adrian Mardell, CEO of the carmaker, who is stepping down from the role and will be succeeded by PB Balaji. “JLR has made strong progress in recovering its operations safely and at pace following the cyber incident. In our response we prioritised client, retailer and supplier systems and I am pleased to confirm that production of all our luxury brands has resumed.”
He added: “While we are mindful of the economic, geopolitical and policy challenges that our industry faces, we are resilient and well placed to make strong progress.”
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In its financial accounts, JLR said it remains “resilient and well placed” to address the economic and geopolitical uncertainty facing the industry. Investment spend is expected to remain at £18bn over the five-year period from 2024.
Speaking on leaving his role as CEO, Mardell said: “As I approach the end of my 35-year career at JLR, I am immensely proud of what we have achieved together. Leading JLR as CEO over the past three years has been the greatest honour of my career and I am confident that the next chapter will bring continued success for this great business under the leadership of PB Balaji.”
