The company on Thursday reiterated its 2026 forecasts, including a mid-single-digit percentage increase in net revenues and a low-
Stellantis on Thursday reported a net loss of €20.10 billion (US$23.80 billion) for the second half of 2025, after multi-billion euro charges the automaker booked earlier this month to reflect its scaled-back electric-vehicle ambitions.
The huge loss, in line with preliminary ranges provided three weeks ago, underscores how auto groups globally are taking a hit from a slower-than-expected and more complex shift from petrol-engine cars to electric vehicles, as both the US and Europe water down EV targets.
The Jeep-to-Peugeot maker said it had booked a total of €25.40 billion in writedowns last year, including €22.20 billion for the second half it announced on Feb 6, sending its shares tanking.
This led to 2025 results “reflecting the cost of over-estimating the pace of the energy transition,” Chief Executive Antonio Filosa said.
In the second half, Stellantis booked an adjusted operating loss of €1.38 billion, also in line with the preliminary estimate.
Net revenues were however up 10 per cent year-on-year in the July-December period to €79.25 billion, with an encouraging 11 per cent increase in vehicle shipments over the six months.
Analysts at Citi said this set of results was an “obvious low point” for Stellantis.
“Whilst we could foresee some sort of sentiment recovery in Stellantis at some stage, we see better quality and less risk in other European (and US) OEMs,” they said in a note.
Milan-listed shares were down 0.3 per cent by 0920 GMT, slightly underperforming Italy’s blue-chip index, after they have already lost about 20 per cent since the announcement of the EV-related impairments.
Shares in the automaker, created in Jan 2021 through the merger of Fiat Chrysler and Peugeot maker PSA, hit their record-low of €5.73 on Feb 6 and are down 30 per cent so far this year.
