Vertu Motors (AIM:VTU) said its insurers have agreed a £3.9m business-interruption insurance settlement linked to the September 2025 Jaguar Land Rover cyber-attack, and the board expects the additional recovery to lift FY26 adjusted profit before tax above the market consensus referenced in its March trading update.
The settlement, disclosed on 30 April, is subject to a £0.5m policy deductible leaving a £3.4m net recovery to the Group, of which a £1m interim payment was already notified in the 5 March trading update and the remainder will be recognised as underlying income in the year ended 28 February, and Vertu Motors is the UK's fourth-largest automotive retailer with a network of 191 sales outlets.
Reflecting the additional £2.4m insurance recovery, the Board now expects FY26 adjusted profit before tax to be ahead of the current market consensus of £21.6m (range £21m–£22m) referenced in the Group's 5 March update, and this announcement is made as inside information under Article 7 and Article 17 of the Market Abuse Regulation.
Preliminary results for the year ended 28 February will be announced on 13 May, when the Group will reflect the full recovery in reported underlying income.
