Stellantis Reports €22.3 Billion Net Loss in 2025, Initiates Strategic Reset

Amsterdam – Stellantis N.V. Reported a net loss of €22.3 billion for the full year 2025, despite net revenues of €153.5 billion. The loss is primarily attributed to €25.4 billion in unusual charges related to a strategic shift aimed at aligning with evolving customer preferences and regulatory changes. The company is focused on a decisive reset and strong execution in 2026, with expectations for progressive improvement in financial performance.

Financial Performance Overview

Stellantis’ 2025 net revenues decreased by 2% compared to 2024, impacted by foreign exchange headwinds and net pricing declines in the first half of the year. These declines were partially offset by increased sales volume and a favorable product mix. The adjusted operating loss amounted to €842 million, with an AOI (Adjusted Operating Income) margin of -0.5%.

Second-Half 2025 Recovery

The second half of 2025 showed signs of recovery, with consolidated shipments reaching 2.8 million units – an 11% increase year-over-year. North America led the growth, with a 39% increase in units, driven by normalized inventory levels and increased commercial momentum. Net revenues in H2 2025 rose 10% compared to the same period in 2024. Industrial free cash flows remained negative at €4.5 billion for the full year, but improved to negative €1.5 billion in H2, a 50% improvement from H1 and a 73% improvement from H2 2024.

Strategic Reset and Charges

On February 6, 2026, Stellantis announced a comprehensive business reset, resulting in approximately €22.2 billion in charges, primarily impacting the second half of 2025. These charges include adjustments to the product plan and EV supply chain to better reflect customer demand and regulatory shifts, a revised estimation process for warranty provisions, and costs associated with workforce reductions in Enlarged Europe. Approximately €6.5 billion of these charges are expected to be paid out over the next four years.

Product Expansion and Market Coverage

Stellantis is expanding its product offerings across key markets. In North America, the Jeep Cherokee and Dodge Charger SIXPACK are re-entering the mid-SUV and ICE muscle car segments, respectively. The Ram 1500 HEMI V8 and Express models are also slated for launch. In South America, the Ram Dakota mid-size pickup truck is a key offering, even as in Enlarged Europe, the Citroën C5 Aircross BEV, Jeep Compass BEV, and Fiat 500 Hybrid are strengthening the company’s position.

Financial Outlook for 2026

Stellantis has reaffirmed its 2026 financial guidance, projecting a mid-single-digit percentage increase in net revenues, a low-single-digit AOI margin, and improved industrial free cash flow generation compared to 2025. The company anticipates sequential improvement from the first half to the second half of the year.

Dividend Suspension and Bond Issuance

To preserve a strong balance sheet, the Board of Directors has authorized the suspension of the 2026 dividend and the issuance of up to €5 billion of hybrid bonds.

Upcoming Events

• Full Year 2025 Results Management Call: February 26, 2026, at 2:00 p.m. CET / 8:00 a.m. EST.
• Annual General Meeting: April 14, 2026.
• Transition to Quarterly Reporting: Beginning with Q1 2026 results on April 30, 2026.
• Stellantis Investor Day: May 21, 2026, Auburn Hills, Michigan & virtually.

Stellantis’ leadership believes that the decisive actions taken will support profitable growth and improved financial results in 2026, driven by a renewed focus on customer preferences and a broader range of powertrain options.