Overview
- The automaker reported a 2025 net loss of €22.3 billion driven by €25.4 billion in charges linked to a strategic reset away from all‑in electrification.
- Management suspended the 2026 dividend and authorized up to €5 billion in hybrid bonds, with about €6.5 billion of cash outflows from the charges to be paid over four years.
- Second‑half 2025 showed early stabilization as net revenues rose 10% year over year and shipments increased 11% to 2.8 million, though H2 adjusted operating income was a €1.38 billion loss.
- Stellantis said UAW‑represented employees will receive no 2025 profit‑sharing, and the stock, down more than 30% year to date, rose in early trading on the results.
- The company reaffirmed a shift to a mix of electric, hybrid and combustion models, guiding to mid‑single‑digit revenue growth and a low‑single‑digit margin in 2026, with positive industrial free cash flow targeted in 2027.