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JLR DELIVERSON NET CASH POSITIVE TARGET AFTER STRONG FY 25 SALES

  • Wholesales for FY25 were 400,898units, flat year-on-year
  • Wholesales in Q4 FY25 were 111,413units, up 1%vs. Q4 FY24
  • Retail sales for FY25 were428,854units, flatyear-on-year
  • Retail sales in Q4 FY25 were 108,232, down5.1% vs. Q4 FY24
  • Mix of Range Rover, Range Rover Sport and Defender in FY25 was 8%of total wholesales
  • Key Reimagine strategy targetof being net cash positive achieved

Gaydon, UK 07 April 2025 JLR today announcesstrongwholesale and retail sales for the fourth quarter of FY25 (three-month period to 31 March 2025) and the full year ended 31 March 2025,reflecting consistent,sustained global demand, as it achieved a net cash positive position, a key Reimagine strategy target.

Wholesale volumes for the fourth quarter of111,413units (excluding the Chery Jaguar Land Rover China JV), up 6.7%vs.Q3 FY25 and up 1.1%year-on-year. Compared to the prior year, wholesale volumes for the fourth quarter were higher inNorth America (14.4%), Europe (10.9%), flat in the UK (0.8%), lower in China (-29.4%)and Overseas (-8.1%).

Retail sales for the fourthquarter of 108,232 units (including the Chery Jaguar Land Rover China JV)were down 5.1% compared to Q4 FY24 andup1.8%compared to Q3 FY25.

The overall mix of the most profitable Range Rover, Range Rover Sport and Defender models was66.3% of total wholesale volumes in Q4 FY25 and 67.8% for the full year.

For the full year ended 31 March 2025, wholesale volumes of 400,898 and retail sales of 428,854 were flat at -0.1% and -0.7% respectively, compared to the prior year.In addition, JLR achieved its net debt zero target, ending the financial year net cash positive, a key Reimagine strategy target.

JLR will report its full year results for the year ended 31 March 2025in Mayand,as usual, provide guidance on theoutlook for FY26 at that time.

Additional volume detail is available on the Investor Relations pages of the JLR website (https://www.jaguarlandrover.com/investor-relations).

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