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JLR Profit Crashes in FY26 After Cyberattack and Tariffs

A sharp fourth‑quarter rebound gives the carmaker room to press on with its electric rollout.

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Jaguar Land Rover, like other automakers, suffered last year when the United States slapped tariffs on imports, which led the automaker to halt delivery of vehicles to the country in April
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Overview

  • JLR, which reported results Thursday, said profit before tax fell to £14 million for the year to March 31 and it recorded a £244 million net loss.
  • The company linked the slump to a five‑week UK factory shutdown after a September 1 cyberattack, ongoing US import tariffs that raised costs and disrupted deliveries, tougher China competition, and the planned wind‑down of older Jaguar models.
  • Revenues reached £6.9 billion in the fourth quarter, down 11.1% year on year but up 51.4% from the prior quarter as production returned to normal and quarterly profit rose to £458 million with an EBIT margin near 9%.
  • Full‑year revenue fell 20.9% to £22.9 billion and free cash flow was negative £2.2 billion, yet JLR ended with £2.8 billion in cash and about £6.9 billion in total liquidity and kept its £18 billion 2024–2029 investment plan for the Range Rover Electric and the first all‑electric Jaguar, the Type 01.
  • Tata Motors Passenger Vehicles shares jumped Friday in India after investors focused on JLR’s quarter‑on‑quarter turnaround as factories recovered from the cyber stoppage.