17th Sep 2025 18:25
(Alliance News) - Autins Group PLC on Wednesday reported a narrowed loss but lower revenue during its financial year to date, amid ongoing volatility in the automotive sector.
In a statement ahead of its annual general meeting, the Rugby, Warwickshire-based industrial materials and technology business said revenue for the first five months of the financial year ending March 31, 2026, totalled GBP7.7 million, falling 3.7% from GBP8.0 million the year before.
Pretax net loss for the five-month period, meanwhile, narrowed to GBP258,000 from GBP714,000 a year earlier.
Autins said the automotive industry has continued to see "volatile trading conditions", as a result of delays to the introduction of its new model, "confusion" over government legislation and changing trade tariffs.
The company also noted that major customer Jaguar Land Rover Automotive PLC, the holding company of Jaguar Land Rover, stopped all production in the UK at the beginning of September after a "cyber incident", which Autins said has had "material effect" on its own UK operations.
The company has taken "proactive measures" to reduce its exposure to the incident at JLR, including the utilisation of its banked hours system for employees, delaying or cancelling raw material orders and pausing discretionary spend.
"Despite the headwinds faced by the automotive industry our "Survive and Thrive" model has continued to deliver improving results, as seen in our material reduction in net loss for the period to 31 August 2025," said Chief Executive Officer Andy Bloomer.
"The JLR cyberattack is concerning not just for Autins, but the wider automotive supply chain the true impact of which will not be known for some time. Autins is doing everything possible to protect our business now and ensure we are ready to benefit as we come out the other side."
Shares in Autins closed down 12% at 8.85 pence in London on Wednesday. The stock is down 16% over the past year.
By Emily Parsons, Alliance News reporter
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