Antonio Filosa attends the presentation of the brand new Fiat 500 Hybrid on the Stellantis FIAT Mirafiori plant in Turin, Italy, on November 25, 2025.
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Auto large Stellantis on Thursday reported its first-ever annual loss after reserving substantial write-downs amid a serious strategic shift.
The multinational conglomerate, which owns family names together with Jeep, Dodge, Fiat, Chrysler and Peugeot, posted a full-year 2025 internet lack of 22.3 billion euros ($26.3 billion), in contrast with full-year revenue of 5.5 billion euros a yr in the past.
The web loss was impacted by 25.4 billion euros in write-downs, Stellantis stated, because the agency sharply scales again its electrical automobile technique.
Regardless of the outcomes, shares of the corporate had been up Thursday after CEO Antonio Filosa mentioned Stellantis’ North American operations main a turnaround for the corporate, together with better-than-expected outcomes for the area through the second half of the yr.
“North America is a really sturdy development in quantity. … It is rather encouraging,” Filosa informed traders throughout its outcomes. “This development would be the largest contributor on the planet for Stellantis’ profitability.”
Shares of the corporate in Milan and New York had been up roughly 5% as of 10:40 a.m. ET.
Filosa stated anticipated continued development in North America will probably be led by new merchandise in addition to the elevated manufacturing of vehicles with Hemi V8 engines. He additionally stated the corporate’s resolution to cancel its plug-in hybrid electrical autos will assist with profitability.
Stellantis’ outcomes come as carmakers throughout the globe look to stroll again their EV plans. Automotive giants together with GM, Ford and Honda, for instance, have all introduced billions of {dollars} in costs to put in writing down EV investments in current months. The development underscores the shifting dynamics at play on the highway to full electrification.
Milan-listed shares of Stellantis thus far this yr.
“Our 2025 full yr outcomes replicate the price of over-estimating the tempo of the power transition and of the necessity to reset our enterprise round our prospects’ freedom to select from the total vary of electrical, hybrid and inside combustion applied sciences,” Filosa stated in a press release.
“In 2026 our focus will probably be on persevering with to shut the execution gaps of the previous, including additional momentum to our return to worthwhile development,” he added.
Stellantis stated it had suspended its dividend for 2026, because it had beforehand flagged, and issued as much as 5 billion euros of hybrid bonds. It additionally reiterated its 2026 forecasts, together with a mid-single-digit proportion enhance in internet income and a low-single-digit adjusted working margin.
Different earnings highlights:
- Adjusted working lack of 842 million euros in 2025, in contrast with an adjusted working earnings of 8.65 billion euros in 2024.
- Estimates internet tariff bills of 1.6 billion euros in 2026.
- Stellantis stated it expects constructive industrial free money stream in 2027.
Over the second half of 2025, Stellantis it delivered a “stable” efficiency, noting consolidated shipments got here in at 2.8 million items, with North America posting the strongest contribution.
Web income rose 10% to 79.25 billion euros by the latter half of 2025 when put next with the identical interval a yr in the past.
These outcomes replicate the preliminary impression of improved operational efficiencies, disciplined industrial methods and the power of the agency’s world model portfolio, Stellantis stated.
