Auto giant Stellantis posts first-ever annual loss after EV writedowns

automobile giant Stellantis It posted its first annual loss on Thursday after saying it had overestimated the pace of the energy transition.

The multinational conglomerate, which owns well-known names such as Jeep, Dodge, Fiat, Chrysler and Peugeot, sent Net loss for the full year 2025 was 22.3 billion euros ($26.3 billion), compared with a full-year profit of 5.5 billion euros the previous year.

Pointing to a major strategic change, Stellantis said the net loss was affected by a loss of 25.4 billion euros compared to last year.

Stellantis said it was suspending its 2026 dividend and issuing hybrid bonds worth up to 5 billion euros, as it had previously signaled. It also reiterated its 2026 forecasts, including a mid-single-digit percentage increase in net revenues and a low-single-digit adjusted operating margin.

“Our 2025 results reflect the cost of overestimating the pace of the energy transition and the need to reset our business around our customers’ freedom to choose among the full range of electric, hybrid and internal combustion technologies,” Stellantis CEO Antonio Filosa said in a statement. he said.

“Our focus in 2026 will be to continue closing historical execution gaps, further accelerating our return to profitable growth,” he added.

Other earnings highlights:

• Stellantis said it expects positive industrial free cash flow in 2027.
• The company reported an adjusted operating loss of 842 million euros in 2025, compared to adjusted operating income of 8.65 billion euros in 2024.

Stellantis reported “solid” performance in the second half of 2025, with consolidated shipments reaching 2.8 million units, with North America the strongest contributor.

Net revenues increased by 10% to 79.25 billion euros in the second half of 2025 compared to the same period in the previous year.

Stellantis said these results reflect the initial impact of increased operational efficiencies, disciplined commercial strategies and the strength of the firm’s global brand portfolio.

Milan-listed Stellantis shares are down more than 31% so far this year.