General Motors: Annual Profit Confirmed, Q4 Impacted by Exceptional Charges
General Motors has released its profitable 2025 results, with a net income attributable to shareholders of $2.7 billion and an adjusted EBIT of $12.7 billion, while the fourth quarter was impacted by exceptional charges related to the refocusing on electric vehicle strategy.
Annual and Quarterly Financial Overview
General Motors posted profitable results for 2025, with a net income attributable to shareholders of $2.7 billion and an adjusted EBIT of $12.7 billion, in line with its operational trajectory. However, the automaker recorded a net loss of $3.3 billion in the fourth quarter, related to over $7.2 billion in exceptional charges, primarily associated with the adjustment of its electric vehicle strategy, restructuring actions in China, and Cruise.
Operational Performance Excluding Exceptional Items
Excluding exceptional items, the operational performance remains strong: adjusted EBIT for the quarter increased to $2.8 billion, with an adjusted EBIT margin of 6.3%, showing improvement over the year. For the full year 2025, GM reported an adjusted EBIT of $12.7 billion, within its initial forecast range, and an adjusted automotive free cash flow of $10.6 billion.
2026 Outlook and Shareholder Returns
For 2026, the automaker anticipates a significant improvement in its results, with an expected net income between $10.3 and $11.7 billion and an adjusted EBIT between $13 and $15 billion. In this context, the board of directors has announced a 20% increase in the quarterly dividend, raised to $0.18 per share, as well as a new $6 billion share buyback program with no predefined expiration. The number of shares outstanding has already been reduced to 904 million at the end of 2025, down from 995 million a year earlier.
