Stellantis Reports a Net Loss of 22.3 Billion Euros in 2025 Following a Major Strategic Reset

Financial Performance in 2025

Stellantis released its financial results for the fiscal year 2025 on Thursday. The group reported a net revenue of 153.5 billion euros, a decrease of 2% compared to 2024. This decline was due to unfavorable exchange rates and a clear pricing erosion in the first half of 2025, partially offset by an increase in volumes and product mix. The net loss amounted to 22.3 billion euros, primarily due to 25.4 billion euros in charges related to a profound strategic reorientation aimed at responding to changes in customer preferences and regulatory frameworks. On February 6, 2026, Stellantis had announced a major reset of its operations, generating about 22.2 billion euros in charges, with approximately 6.5 billion euros in disbursements expected over the next four years.

Second Half of 2025 Performance

In the second half of 2025, Stellantis displayed a strong performance with 2.8 million vehicles delivered, an increase of 277,000 units, or +11% year-over-year. This growth was widespread across all regions. The group also noted a significant improvement in quality since the beginning of 2025: the number of defects reported during the first month of service of vehicles decreased by more than 50% in North America and by more than 30% in broader Europe. For 2026, Stellantis anticipates an increase in net revenue, a single-digit adjusted operating margin, and an improvement in the generation of available industrial cash flows on a year-over-year basis.

Expectations for Progressive Improvement

The group expects a gradual improvement in net revenue, adjusted operating margin, and the generation of free industrial cash flows year-over-year. A sequential improvement is also anticipated from the first to the second half of 2026. Stellantis is supporting this repositioning by launching a wave of new products aimed at expanding its market coverage. In North America, the Jeep Cherokee and the Dodge Charger SIXPACK mark a decisive return to the mid-size SUV and muscle car segments with internal combustion engines, complemented by the launches of the Ram 1500 HEMI V8 and Express at the end of 2025.