Stellantis reported a significant net loss of €20.1 billion for the second half of 2025, primarily due to substantial writedowns totaling €25.4 billion for the year, reflecting a scaled-back approach to electric vehicle (EV) ambitions.
This strategic shift comes after the company "over-estimated" the pace of the energy transition. The automaker also experienced an adjusted operating loss of €1.38 billion in the second half and has suspended its dividend for 2026.
Despite these setbacks, net revenues increased by 10% year-on-year in the latter half of 2025, with vehicle shipments up 11%. Stellantis reiterated its 2026 forecasts for mid-single-digit net revenue growth and a low-single-digit adjusted operating margin, but anticipates industrial free cash flows to turn positive only in 2027.
The company also noted rising costs related to U.S. tariffs.