º£½ÇÊÓƵ car maker JLR has posted pre-tax profit of £2.5 billion - a 15 per cent year-on-year rise and the firm's highest profit in a decade.
The company also said in its newly released annual results for the year to April that revenue was £29 billion which it described as "flat" when compared with 2023/24.
Its final quarter results also saw pre-tax profit hit £875 million - up from £661 million in 2024 and the manufacturer's tenth consecutive profitable quarter.
Revenue for the quarter was £7.7 billion, down 1.7 per cent on the fourth quarter of 2024.
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The car maker said the increased numbers reflected higher sales volumes.
At the end of the quarter, the cash balance was £4.6 billion and net cash was £278 million, with gross debt of £4.4 billion.
These figures come just weeks after the manufacturer announced it was pausing exports to the US due to the new tariffs being imposed by President Donald Trump.
Its annual results said it welcomed the subsequent US-º£½ÇÊÓƵ trade deal announced last week which sees a ten per cent tariff on vehicles imported into the US.
Formerly Jaguar Land Rover, the car maker is headquartered in Coventry and has a host of factories across the West Midlands and a base in Halewood, Merseyside.
Its annual results statement said new electric vehicle production lines had been successfully tested in Solihull in readiness for the manufacture of Range Rover Electric models there.
Meanwhile, production lines had also been installed at the same plant where electric Jaguars would be built while at its Halewood factory a new £3 million academy to train staff in electrification had been unveiled.
Chief executive Adrian Mardell said: "JLR has ended the year with strong annual and quarterly earnings, including delivering our tenth consecutive profitable quarter and our net debt zero target.
"We have achieved record sales of the Defender, revealed the stunning Jaguar Type 00 and we are preparing to launch the wonderful Range Rover Electric.
"This strong and consistent performance, the commitment of our people, partners and clients and the appeal of our luxury brands will support our response to current global economic challenges including the evolving global trading environment."
