Stellantis Posts €20.1 Billion Loss, Halts Dividend Amid Costly EV Strategy Reversal

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.