Stellantis reported a net loss of €2.3 billion for the first half of 2025, down sharply from a €5.6 billion profit in the same period last year, as the automaker contends with macroeconomic pressures and weakening performance in North America and Europe.
The company posted net revenues of €74.3 billion, a 13% decline year-on-year, and adjusted operating income (AOI) dropped to €0.5 billion from €8.5 billion. The results included €3.3 billion in net charges excluded from AOI. Industrial free cash flow came in at negative €3.0 billion, reflecting subdued earnings and ongoing investments in capital expenditures and R&D.
Despite the downturn, Stellantis pointed to signs of sequential improvement across key metrics compared to the second half of 2024, including shipments, revenues, and operating income.
“2025 is turning out to be a tough year, but also one of gradual improvement,” said Antonio Filosa, who took over as CEO in June. “Signs of progress are evident when comparing H1 2025 to H2 2024, in the form of improved volumes, net revenues, and AOI, despite intensifying external headwinds.”
Stellantis maintained a strong industrial liquidity position of €47.2 billion as of June 30, 2025. Inventory levels stood at 1.2 million units, up slightly, reflecting both new product launches and stock discipline.
The automaker launched four new models in the first half, including the Citroën C3 Aircross and Ram ProMaster Cargo BEV, while updates to existing lines like the Ram Heavy Duty and Opel Mokka supported demand recovery, especially in Europe. The company gained 127 basis points in market share in the EU30 compared to the prior half and reported a rebound in North American order volumes.
Looking ahead, Stellantis plans to launch 10 additional models in 2025, such as the Jeep Compass on the STLA Medium platform and the Citroën C5 Aircross. It also confirmed the return of the 5.7-liter HEMI V-8 in the 2026 Ram 1500 and the reintroduction of models like the hybrid Jeep Cherokee and Dodge Charger SIXPACK.
The company estimated its total 2025 tariff impact at €1.5 billion, including €0.3 billion incurred in H1. Stellantis stated its full-year guidance assumes no major changes to current trade or tariff regimes.
Filosa, confirmed as executive director on July 18, emphasized a shift in corporate direction under new leadership. “We will fix what’s wrong by capitalising on everything that’s right in Stellantis,” he said. “Our new leadership team will continue making the tough decisions needed to re-establish profitable growth and significantly improved results.”
