Overview
- JLR reported Q2 revenue of £4.9bn, down 24% year over year, and a £485m loss that included £196m in cyber-related costs.
- Production stopped for the whole of September and restarted on October 8, with the CEO saying output of all luxury brands has now resumed.
- JLR confirmed a data breach linked to the September attack, while the group Scattered Lapsus$ Hunters has claimed responsibility.
- The UK government offered a guarantee expected to unlock up to £1.5bn to support JLR’s supply chain, and the company launched a supplier financing program.
- Executives warned Q3 will remain weak due to lost volume, softer demand in China and Europe, and higher US tariffs, and lowered EBIT margin guidance to 0–2% for FY26 from 5–7%.