Stellantis has reported a €22.3 billion ($26.3 billion) net loss for 2025, marking the first annual loss since the automotive group was created in January 2021 through the 50/50 merger of Fiat Chrysler Automobiles (FCA) and France’s PSA Group. The result represents a sharp reversal from 2024, when the company posted a full-year profit of €5.5 billion.
According to Stellantis, the substantial loss stems largely from €25.4 billion in charges recorded in the second half of 2025. These charges include costs tied to a reset of its product strategy and EV supply chain to better align with actual consumer demand and evolving regulatory conditions.
The company also revised its process for estimating contractual warranty provisions and booked additional expenses primarily related to workforce reductions in Europe. The decision to scale back electric vehicle investments accounted for the majority of the write-downs.
“Our 2025 full year results reflect the cost of over-estimating the pace of the energy transition and of the need to reset our business around our customers’ freedom to choose from the full range of electric, hybrid and internal combustion technologies,” Stellantis CEO Antonio Filosa said.
Beyond the net loss, Stellantis reported a 2% decline in net revenues for 2025, totaling €153.5 billion ($181.3 billion). The company attributed the drop mainly to foreign exchange headwinds and pricing declines during the first half of the year. In light of the financial setback, Stellantis announced it will suspend its dividend for 2026.
Despite the difficult headline figures, the automaker pointed to signs of stabilization in the latter half of the year. During the second half of 2025, under its new leadership team, Stellantis recorded revenue growth of 10% and a 50% increase in industrial free cash flow (IFCF).
“In the second half of the year we began to see initial, positive signs of progress with the early results of our drive to improve quality, strong execution of the launches of our new product wave and a return to top line growth,” CEO Antonio Filosa said. The company reported consolidated shipments of 2.8 million vehicles in the second half of 2025, supported by growth in North America.
Looking ahead, Stellantis reaffirmed its outlook for 2026, projecting a mid-single-digit percentage increase in net revenues and a low-single-digit adjusted operating margin. The company also expects to generate positive industrial free cash flow by 2027.
“In 2026 our focus will be on continuing to close the execution gaps of the past, adding further momentum to our return to profitable growth,” CEO Filosa said.
Future growth is expected to be supported by an expanded product portfolio aimed at broadening market coverage. In North America, Stellantis highlighted the introduction of the new Jeep Cherokee and Dodge Charger Sixpack as key moves back into the mid-size SUV and internal combustion muscle car segments.
Additionally, the late-2025 launch of the Ram 1500 Hemi V8 and Express models is anticipated to provide further sales momentum.
In South America, the company is counting on the Ram Dakota midsize pickup to drive results. Meanwhile, in Europe, the all-electric Jeep Compass and Citroën C5 Aircross, along with the recently launched Fiat 500 Hybrid, are expected to strengthen Stellantis’ lineup and offer customers a broader mix of electric, hybrid, and internal combustion options aligned with varying market demands.
