Owner of automakers such as Fiat, Jeep, Peugeot, Citroën, Chrysler, Alfa Romeo, Dodge and Maserati, Stellantis set a less than favorable record when reporting its consolidated figures for the year 2025 this Thursday, February 26.
The group reported a net loss of €22.3 billion for the period, reversing a profit of €5.5 billion recorded in 2024. This is the first time the company has closed a year in the red since it was created in 2019, from the merger between Fiat Chrysler and the French group PSA.
Stellantis highlighted that the loss followed a €25.4 billion accounting write-down related to a thorough review of the company's investment strategy for the electric vehicle segment.
“Our results for fiscal year 2025 reflect the cost of having overestimated the pace of the energy transition and the need to restructure our business,” said Antonio Filosa , CEO of Stellantis, in a statement about the financial results.
“In 2026, our focus will be on continuing to address past execution gaps, further driving our return to profitable growth,” added the executive, who replaced former CEO Carlos Tavares in July of last year.
The decision to recalibrate the focus on electric vehicles, and consequently this billion-dollar write-down, was announced earlier this month. It was accompanied by a discourse centered on customer freedom of choice, whether for electric, hybrid, or traditional vehicles.
This path had already been taken by other automakers. In January, for example, General Motors announced a $6 billion impact in accounting write-downs related to the category. Similarly, Ford estimated a $19.5 billion loss in the segment in December 2025.
In the case of Stellantis, the announcement of this course correction at that time was accompanied by other measures, such as the decision not to pay dividends in 2026 – maintained today – the cancellation of models and projects, such as the RAM 1500 EV and the Jeep Wrangler 4x3, and a reorganization of global manufacturing processes.
At the same time, the group announced a $13 billion investment in its US operations – the largest investment the company has ever made in that market, with the aim of boosting its growth in the country.
In today's report, among other points, Stellantis highlighted the expansion of its more traditional portfolio in markets such as North America, with a return to the mid-size SUV segment.
According to the company, the region made the most significant contribution to the results in the second half of 2025, already under Filosa's management, with a 39% growth in deliveries, to 231,000 units.
In other figures from the balance sheet, the group's net revenue was €153.5 billion, a year-on-year decrease of 2%. The company cited the strong impacts of exchange rates and price reductions in the first half of 2025, but noted that these were partially offset by higher volume and product mix.
During the period, Stellantis reported an adjusted operating loss of €842 million, compared to an adjusted operating profit of €8.6 billion recorded in the same period a year earlier. Cash flow from operating activities was negative €4.6 billion.
The company reiterated its projections for 2026, including its goal of mid-single-digit revenue growth. However, it also increased its forecast of negative impacts from the trade war imposed by Donald Trump, from €1.2 billion in 2025 to €1.6 billion this year.
With its main listing on the Milan stock exchange, Stellantis shares registered a slight increase of 0.18% in pre-market trading on Thursday. Yesterday, the shares closed down 0.77%, giving the group a market value of €22.2 billion.
