Stellantis reported its 2025 financial results, closing with net revenues of 153.5 billion euros, down 2% compared to 2024. The decrease is mainly attributed to unfavorable exchange rate effects and the decline in net prices in the first half of 2025. The company recorded a net loss of 22.3 billion euros, reflecting extraordinary charges of 25.4 billion euros incurred throughout the year. These charges are linked to a strategic shift aimed at putting customer preferences and freedom of choice back at the center of corporate plans. The adjusted operating loss stood at 842 million euros, with an AOI margin of (0.5%), negatively influenced by several specific items. Industrial free cash flow (IFCF) was negative by 4.5 billion euros.
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Negative results for Stellantis
The second half of 2025, corresponding to the first six full months of the new management, showed signs of recovery. Net revenues for the half-year grew by 10% compared to the same period in 2024, while the IFCF for the second half was negative by 1.5 billion euros, an improvement of approximately 50% compared to the first half of 2025 and 73% compared to the second half of 2024. At the end of 2025 available industrial liquidity was 46 billion euros. To preserve a solid capital structure, the Board of Directors authorized the suspension of the 2026 dividend and the issuance of hybrid bonds up to 5 billion euros.
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Loss of 22.3 billion euros
On the industrial and commercial front, Stellantis aims to expand its offering with a new wave of products that broadens market coverage, introducing models in new segments and powertrain options in North America, Enlarged Europe, South America, and Middle East and Africa. The goal is to seize more profitable growth opportunities. The group confirmed the financial guidance for 2026, forecasting a progressive improvement in net revenues, AOI margin, and industrial free cash flows throughout the year, with expected progress from the first to the second half of 2026.
