Stellantis Posts First Annual Loss; CEO Elkann Admits Overestimating Energy Transition Pace

Automotive News, February 26 — Tonight, Stellantis Group announced its full-year financial results for 2025. The group achieved a net revenue of €153.5 billion (IT Home note: approximately 12.4 trillion RMB at current exchange rates), down 2% year-over-year from 2024, mainly due to unfavorable exchange rate issues and the negative impact of declining net vehicle prices in the first half of 2025.

Stellantis reported a net loss of €22.3 billion (approximately 180.786 billion RMB at current exchange rates), primarily due to strategic adjustments to meet customer preferences and costs of €25.4 billion related to changes in regulatory environment and frameworks. This is also the first recorded annual loss in the company’s history.

Stellantis expects that in 2026, net revenue will grow by a mid-single-digit percentage, with adjusted operating profit margins remaining in the low single digits, and industrial free cash flow will also increase year-over-year. The group anticipates a gradual improvement in operational performance from the first half to the second half of 2026, with the goal of achieving positive industrial free cash flow in 2027.

CEO Antonio Filosa stated, “The full-year performance in 2025 reflects that we overestimated the costs associated with the energy transition and highlights the need to realign our business around customer demand, allowing all customers to freely choose among electric, hybrid, and internal combustion engine models. In the second half of 2025, we began to see initial positive signs of progress. Our efforts to improve product and service quality are paying off, new product launches are being executed strongly, and revenue has recovered with year-over-year growth. In 2026, our focus will be on addressing operational deviations from previous periods to restore profitable growth for the group.”

On February 6, 2026, Stellantis announced significant adjustments to its business, resulting in approximately €22.2 billion (about 17.997 billion RMB at current exchange rates) in costs in the second half of 2025 (not included in adjusted operating profit), with about €6.5 billion in cash expected to be paid over the next four years. These costs mainly stem from:

Adjustments to product planning and electric vehicle supply chain to reflect customer demand and regulatory changes;

Revisions to warranty estimate procedures;

Other costs mainly related to previously announced personnel reductions in Europe.