Jaguar Land Rover reported its highest annual profit in nine years, driven by “sustained global demand” for its luxury vehicles.
The automaker recorded a pre-tax profit of £2.2 billion before exceptional items—the highest since 2015—along with record annual revenues of £29 billion. The company’s revenue peaked in the fourth quarter at £7.9 billion, elevating its order book to 133,000 vehicles at the fiscal year-end.
Range Rover, Range Rover Sport, and Defender models comprised 76% of the orders, and the upcoming Range Rover Electric attracted 28,700 prospective buyers to its waiting list.
Chief Executive Adrian Mardell commented on the achievement:
“This has been a year of great strategic progress at JLR, and I extend my gratitude to our clients, employees, suppliers, and partners for their contribution to our success.
We have achieved a record financial performance, generating £2.3 billion in free cash flow, which helped reduce our net debt to £700 million. The cornerstone of our success has been the robust global demand for our modern luxury vehicles, especially our Range Rover and Defender lines, supported by ongoing operational enhancements.”
