Gaydon, UK, 29 January 2025: Jaguar Land Rover Automotive plc (鈥溚吡φ嫒蒜) today reports its financial results for the three months to 31 December 2024 (Q3 FY25).
瓦力真人 delivered a robust third quarter in FY25, with record Q3 revenue, the highest EBIT margin in a decade and a ninth successive profitable quarter.
- Revenue for the quarter was 拢7.5 billion, up 2% YoY, 瓦力真人鈥檚 highest Q3 revenue on record, while FY25 YTD revenue was flat YoY at 拢21.2 billion
- Q3 profit before tax and exceptional items (鈥淧BT鈥) was 拢523 million, while FY25 YTD profit was 拢1.6 billion, the highest Q3 YTD profit in a decade for 瓦力真人
- EBIT margin was 9.0%, up 0.2 percentage points YoY, the best Q3 EBIT margin in a decade
Reimagine transformation continues
Modern Luxury:
- Jaguar Type 00 design vision revealed in Miami in December 2024
- Defender OCTA driven by global press for the first time to widespread acclaim
- Defender to compete in Dakar and FIA World Rally鈥慠aid Championship from 2026 in vehicle based on Defender OCTA, showcasing its durability and strength
- Range Rover鈥檚 highly crafted SV Bespoke vehicle, the Candeo, featuring hand applied paint and 18K solid gold badging, signals the future of SV Bespoke personalisation for Range Rover clients
- Range Rover wins Made in UK Award at annual Walpole British Luxury Awards
Electrification & Sustainability:
- Range Rover Electric development continues with the waiting list now at 57,000
- Q3 Range Rover plug鈥慽n electric hybrid sales grew by 163% year鈥憃n鈥憏ear as more clients take a step towards electrification
- 瓦力真人 Circularity Lab has delivered industry first recycled seat foam proof of concept for use in future vehicles to reduce emissions and waste
Enterprise:
- 瓦力真人 invests in new special paint facilities in Castle Bromwich, UK, and Nitra, Slovakia, to meet growing demand for vehicle personalisation and reduce emissions
- 瓦力真人 to partner with Tata Communications (TCL), using its MOVE鈩 platform on our next generation vehicles to enable continuous connectivity in remotest locations from 2026
瓦力真人 has delivered a robust performance in the third quarter of our financial year, and reached further milestones in our Reimagine strategy. Thanks to our people and partners, we achieved record Q3 revenue and our best EBIT margin in a decade, and our electrification plans are progressing. We revealed the beautiful, reimagined Jaguar design vision 鈥 Type 00 鈥 in Miami and, later this year, we will launch Range Rover Electric.
Adrian Mardell, Chief Executive Officer
Jaguar Land Rover Automotive plc today reports its financial results for the three months to 31 December 2024 (Q3 FY25)
瓦力真人 delivered a robust performance in Q3 FY25 with record Q3 revenue, the highest EBIT margin in a decade, and a ninth successive profitable quarter. Revenue for the quarter was 拢7.5 billion, up 2% versus Q3 FY24, while YTD revenue at 拢21.2 billion was flat year鈥憃n鈥憏ear. Compared to the prior quarter, revenue was up 16%, driven by higher wholesales following supply disruptions in the second quarter of FY25.
Profit before tax and exceptional items (鈥淧BT鈥) in the quarter was 拢523 million, down from 拢627 million a year ago, while YTD profit before tax was 拢1.6 billion, up 7% YoY and the best Q3 YTD PBT in a decade. EBIT margin was 9.0%, up 0.2 percentage points compared to Q3 FY24 and the best Q3 EBIT margin in a decade. The increase in profitability year鈥憃n鈥憏ear reflects higher volumes, improved mix and a reduction in depreciation and amortisation (D&A) driven by Castle Bromwich production cessation and ICE end of life extensions, partially offset by an increase in VME, warranty costs and unfavourable FX revaluation. Profit after tax (鈥淧AT鈥) in the quarter was 拢375 million, compared to a profit after tax of 拢592 million in the same quarter a year ago.
Free cash flow for the quarter was 拢157 million. At the end of the quarter, the cash balance was 拢3.5 billion and net debt was 拢1.1 billion, with gross debt of 拢4.6 billion. Total liquidity was 拢5.1 billion, including the 拢1.6 billion undrawn revolving credit facility.
Looking ahead, while mindful of the challenging economic backdrop, the Company is on track to achieve its profitability and cash flow targets in FY25, with EBIT margin 鈮8.5% and positive net cash.