Jaguar cyberattack losses increase to £260m
05/02/2026 | Financial Times
Jaguar Land Rover (JLR) has reported a second consecutive quarter of significant losses, with the total cost of a major cyberattack reaching nearly £260 million. For the final quarter of 2025, the manufacturer recorded a pre-tax loss of £310 million, a sharp decline from the £523 million profit achieved during the same period the previous year. Revenue also fell by 39% to £4.5 billion.
The company attributed the downturn to reduced vehicle volumes, ongoing cyber-related expenses, and the impact of US tariffs and the phase-out of legacy Jaguar models ahead of an electric brand relaunch. Despite forecasting a negative free cash flow of up to £2.5 billion by March, the firm has not yet utilised a £1.5 billion government-guaranteed loan. JLR Chief Executive PB Balaji expects performance to improve as sales recover from the disruption.
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