Stellantis published its financial results for the 2025 financial year on 26 February 2026. Sales came to €153.5bn, down 2% on 2024, mainly due to unfavourable exchange rate effects and net price cuts in the first half.
The group posted a net loss of €22.3bn. This was due to exceptional charges of €25.4bn for the year, linked in particular to a strategic repositioning designed to put customer preferences and freedom of technological choice back at the heart of the carmaker’s plans.
Adjusted operating profit came to a loss of €842m, representing a negative margin of 0.5%. Industrial cash flow was negative by €4.5bn for the year.
CEO Antonio Filosa says: “Our 2025 annual results reflect the cost of overestimating the pace of the energy transition and the need to refocus our business around our customers’ freedom to choose from the full range of electric, hybrid and thermal technologies.”
He added: “In the second half of the year, we began to see initial positive signs of progress, with the initial results of our quality improvement actions, the successful execution of our new wave product launches and a return to sales growth. In 2026, our priority will be to continue to close the execution gaps of the past and accelerate our return to profitable growth.”
In enlarged Europe, shipments fell by 3% over the year, mainly due to the decline in the historical models of the Peugeot, Opel and Fiat brands. This decline was partially offset by higher volumes for the Opel/Vauxhall Frontera and Fiat Grande Panda. Sales there fell by 2%, driven by pricing pressures and lower volumes, while adjusted operating profit showed a loss of €651m.
Improvement in the second half
However, the second half of 2025 marks an improvement. Sales rose by 10% year-on-year over the period, to €79.2bn euros. Consolidated shipments reached 2.8 million vehicles, up 11% on the second half of 2024.
North America made a strong contribution to this growth, with 231,000 additional units, up 39% year-on-year. Industrial cash flow for the second half of the year remains negative at €1.5bn, but improves by 73% compared with the same period in 2024.
At 31 December 2025, available industrial liquidity stands at €45.7bn. To preserve its financial strength, the Board of Directors has authorised the suspension of the 2026 dividend and the issue of hybrid bonds of up to €5bn.
For 2026, Stellantis forecasts sales growth in the mid-single-digit percentage range, a low-single-digit adjusted operating margin and an improvement in industrial cash flow year-on-year, with an improvement expected between the first and second half.
