Stellantis reported a net loss of €22.3 billion for the 2025 financial year, following substantial write-downs linked primarily to its electric vehicle strategy.
The results mark a sharp reversal from 2024, when the company posted an operating profit of nearly €3.7 billion. The downturn comes amid leadership changes and a broader reassessment of the group’s electrification plans.
See also: Stellantis Reintroduces Diesel Options Across Several European Models Amid Demand Shift
Antonio Filosa, who took over as chief executive in June 2025 after the departure of long-time CEO Carlos Tavares, initiated impairments of approximately €22.2 billion in early February. The write-downs were largely associated with investments in battery-electric vehicle operations and related capacity expansion.
“Our 2025 full year results reflect the cost of over-estimating the pace of the energy transition and of the need to reset our business around our customers’ freedom to choose from the full range of electric, hybrid and internal combustion technologies,” Filosa said in a statement.
See also: Stellantis Considers Exit From Samsung SDI Battery Venture In Indiana
Stellantis reported one-off exceptional charges of €24.3 billion and an operating loss of €842 million. The adjusted operating margin fell to -0.5%, compared with +5.5% in 2024. Net revenue declined 2% year-on-year to €153.5 billion, which the company attributed mainly to adverse currency movements and price reductions in the first half of the year. Operating cash flow turned negative at €4.65 billion, compared with positive €1.53 billion in the previous year.
Under Tavares, Stellantis had invested heavily in production capacity and supply chains to support anticipated growth in battery-electric vehicle demand. While the group pursued multi-energy platforms rather than exclusively dedicated BEV architectures, it nonetheless committed significant capital to electrification. Demand growth, particularly in North America, fell short of earlier expectations.
See also: Stellantis Takes €22.2 Billion Charges as CEO Pivots Away From Aggressive EV Push
Filosa said the company began to see signs of improvement in the second half of the year. “In the second half of the year we began to see initial, positive signs of progress with the early results of our drive to improve quality, strong execution of the launches of our new product wave and a return to top line growth,” he said. “In 2026 our focus will be on continuing to close the execution gaps of the past, adding further momentum to our return to profitable growth.”
The company indicated that restructuring efforts are ongoing and may result in further costs as Stellantis adjusts its strategy and operations.