JLR Q3 PERFORMANCE IMPACTED BY PREVIOUSLY INDICATED CHALLENGES

DEFENDER RALLY SUCCESSFULLY REACH HALFWAY MARK ON 2026 DAKAR

JLR Q3 PERFORMANCE IMPACTED BY PREVIOUSLY INDICATED CHALLENGES

• Revenue for Q3 was £4.5bn, down 39% year‑on‑year (YoY), and £16.0bn YTD, down 24% YoY; volumes impacted following the cyber incident and the time taken thereafter to distribute vehicles globally, as vehicle production returned to normal levels by mid‑November
• Volumes also impacted by planned wind down of legacy Jaguar models ahead of new Jaguar launch, a deterioration of market conditions in China and incremental US tariffs impacting JLR’s US exports
• Loss before tax and exceptional items of £(310)m in Q3 and £(444)m YTD, down from a profit of £523m and £1.6bn respectively a year ago, due to the challenges above
• EBIT margin was (6.8)% for Q3 and (2.9)% YTD; guidance reaffirmed at 0.0% to 2.0% for FY26
• Business well positioned for significantly improved performance in Q4

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JLR Q3 SALES IMPACTED BY CYBER INCIDENT AS PREVIOUSLY INDICATED

• Wholesales in Q3 FY26 were 59,200* units, down 43.3% vs. Q3 FY25
• Retail sales in Q3 FY26 were 79,600* units, down 25.1% vs. Q3 FY25
• Volumes in quarter initially impacted by production stoppages following cyber incident and time required to distribute vehicles globally after production restart
• Planned wind down of legacy Jaguar models ahead of new Jaguar launch continued to impact volumes throughout the quarter, as expected
• Range Rover, Range Rover Sport and Defender model mix was 74.3% of total wholesale volumes in Q3 FY26, up from 70.3% in Q3 FY25 and down from 76.7% in prior quarter

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QUARTER THREE RESULTS 2025/26

59,149

WHOLESALES (UNITS)

£4,538m

REVENUE

£(310)M

PROFIT/(LOSS) BEFORE TAX & EXC. ITEMS

£(1,509)M

FREE CASH FLOW

(6.8)%

EBIT %

0.7%

EBITDA %

"
Q3 was 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. 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. We have a resilient business and remain focused on transformation. 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.
- P.B. Balaji, Chief Executive Officer

Q3 FY26 YTD RESULTS 2025/26

212,600

WHOLESALES (UNITS)

£16,042m

REVENUE

£(444)M

PROFIT/(LOSS) BEFORE TAX & EXC. ITEMS

£(3,058)M

FREE CASH FLOW

(2.9)%

EBIT %

3.6%

EBITDA %

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