Stellantis Reports Full Year 2025 Financial Results
Decisive Reset to Meet Customer Preferences
Focus on Strong Execution in 2026
-- Net revenues of EUR153.5 billion, down 2% compared to 2024, mainly due to
FX headwinds and also from H1 2025 net pricing declines
-- Net loss of EUR22.3 billion due to EUR25.4 billion of full year unusual
charges, primarily reflects a strategic shift to put customer preferences
and freedom-of-choice back at the heart of the Company's plans
-- Adjusted operating loss(2) of EUR842 million with AOI margin(3) of (0.5)%,
AOI negatively impacted by a number of specific items
-- Industrial free cash flows(4) were negative EUR4.5 billion
-- H2 2025, the first full 6 months of the renewed leadership team, saw
improvements in revenue growth and IFCF(4). Top-line growth was
re-established with a 10% year-over-year increase in Net revenues. H2
2025 IFCF(4) of negative EUR1.5 billion represents approximately 50%
improvement compared to H1 2025, and 73% improvement compared to H2 2024
-- Industrial available liquidity(9) was EUR46 billion at the end of 2025.
To preserve a strong balance sheet the Board authorized the suspension of
the 2026 dividend and the issuance of up to EUR5 billion of hybrid bonds
-- New product wave broadens market coverage with added white-space products
and powertrain options across North America, Enlarged Europe, South
America and Middle East & Africa targeting profitable growth
opportunities
-- 2026 Financial Guidance Affirmed. Company expects to progressively
improve Net revenues, AOI margin(3) and Industrial free cash flows(4) in
2026, and to see progressive improvements from H1 2026 to H2 2026
"Our 2025 full year results reflect the
cost of over-estimating the pace of the
energy transition and of the need to
reset our business around our customers'
freedom to choose from the full range of
electric, hybrid and internal combustion
technologies." "In the second half of
the year we began to see initial,
positive signs of progress with the
early results of our drive to improve
quality, strong execution of the
launches of our new product wave and a
return to top line growth. In 2026 our
focus will be on continuing to close the
execution gaps of the past, adding
further momentum to our return to
profitable growth." Antonio Filosa, CEO
2026 Dodge Charger SIXPACK - 2026 NA
Car of the Year$(R)$
FY 2026
FINANCIAL
GUIDANCE Net
revenues:
Mid-Single Digit
% Increase AOI
margin(3) :
Low-Single Digit
% Industrial
free cash
flows(4) :
Improved Y-o-Y
(incl. EUR2B in
2026 payments
related to H2
'25 charges)
Expect Positive
Industrial free
EUR million / units cash flow(4) in
million FY 2025 FY 2024 Change H2 2025 H2 2024 Change 2027
--------------------- -------- ------- ------------------ -------- ------- ------------------ ----------------
I
F
R
S Net revenues 153,508 156,878 (2)% 79,247 71,861 +10%
------------------ -------- ------- ------------------ -------- ------- ------------------
Net profit/(loss) (22,332) 5,520 n.m. (20,076) (127) n.m.
------------------ -------- ------- ------------------ -------- ------- ------------------
Diluted EPS (7.75) 1.84 n.m. (6.96) (0.05) n.m.
------------------ -------- ------- ------------------ -------- ------- ------------------
Cash flows from
operating
activities(5) (4,650) 1,535 n.m. (2,363) (2,435) +3%
------------------ -------- ------- ------------------ -------- ------- ------------------
N
O
N
-
G
A
A Adjusted operating
P income/(loss)(2) (842) 8,648 (110)% (1,382) 185 n.m.
------------------ -------- ------- -------- -------
Adjusted operating
income margin(3) (0.5)% 5.5% (600) bps (1.7)% 0.3% (200) bps
------------------ -------- ------- ------------- --- -------- ------- ------------- ---
Adjusted diluted
EPS(5) (0.42) 2.48 (117)% (0.60) 0.08 n.m.
------------------ -------- ------- ------------------ -------- ------- ------------------
Industrial free
cash flows(4) (4,525) (6,045) +25% (1,520) (5,653) +73%
------------------ -------- ------- ------------------ -------- ------- ------------------
Consolidated
shipments(1) 5,484 5,415 +1% 2,820 2,543 +11%
------------------ -------- ------- ------------------ -------- ------- ------------------
Combined
shipments(1) 5,573 5,526 +1% 2,883 2,595 +11%
------------------ -------- ------- ------------------ -------- ------- ------------------ ----------------
________________________________________________________________________________________________________________________________________
All reported data is unaudited. Reference should be made to the section "Safe Harbor Statement" included elsewhere within this document
n.m - not meaningful
AMSTERDAM -- February 26, 2026 -- Stellantis N.V. reported its Full Year 2025 results, with Net revenues of EUR153.5 billion, down 2% from 2024 due to strong FX headwinds and H1 2025 net pricing declines, which were partially offset by higher volume and mix. The Company posted a Net loss of EUR22.3 billion, driven by EUR25.4 billion in charges primarily related to a profound strategic shift to meet customer preferences, and reflect shifts in regulatory frameworks.
In 2026, Stellantis' expanding product wave is broadening market coverage and targeting new opportunities for profitable growth. For example, in North America, the Jeep(R) Cherokee and Dodge Charger SIXPACK mark a decisive re--entry into the mid--SUV and ICE muscle--car segments, with additional momentum expected from the late--2025 launch of the Ram 1500 HEMI(R) V8 and Express models. In South America, the mid-size pickup Ram Dakota anchors the lineup, while in Enlarged Europe, the Citroën C5 Aircross BEV, the Jeep(R) Compass BEV and the recently launched Fiat 500 Hybrid further strengthen the Company's ability to meet the full range of its customers' needs.
Company Delivers Return to Top-Line Growth in H2 2025
Stellantis delivered a solid performance in the second half of 2025, with consolidated shipments reaching 2.8 million units--an increase of 277,000 vehicles, or +11% year-over-year. Growth was broad-based, with every region reporting higher volumes.
-- North America posted the strongest contribution, adding 231,000 units--a
+39% year-over-year increase, reflecting the benefits of normalized
inventory dynamics, compared with the prior year's inventory reduction
initiative, along with increased commercial momentum in the region.
-- Stellantis' Net revenues in H2 2025 rose 10% compared with the same
period in 2024.
These results reflect the initial impact of improved operational efficiencies, disciplined commercial strategies, and the strength of Stellantis' global brand portfolio. Furthermore, the renewed focus on quality management is delivering early results, with the number of issues reported for vehicles in their first month of service decreasing by over 50% in North America, and by over 30% in Enlarged Europe since the beginning of 2025.
Executes Decisive Reset to Align with Customers and Support Profitable Growth
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February 26, 2026 02:04 ET (07:04 GMT)
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