The Highs and Lows of Stellantis 2025 Results at a Glance

• Net revenues of €153.5 billion, down 2% compared to 2024, mainly due to foreign exchange headwinds and also from H1 2025 net pricing declines.
• Net loss of €22.3 billion due to €25.4 billion of full-year unusual charges. This primarily reflects the so-claimed strategic shift to put customer preferences and freedom-of-choice back at the heart of the Company’s plans.
• Adjusted operating loss of €842 million with an Adjusted Operating Income (AOI) margin of (0.5)%.
• Industrial free cash flows (IFCF) were negative €4.5 billion.
• H2 2025, the first full 6 months of the revamped leadership team, saw improvements in revenue growth and IFCF. Top-line growth was re-established with a 10% year-over-year increase in Net revenues. H2 2025 IFCF of negative €1.5 billion represents ~50% improvement compared to H1 2025, and 73% improvement compared to H2 2024.
• Industrial available liquidity was €46 billion at the end of 2025. To preserve a strong balance sheet the Board authorized the suspension of the 2026 dividend and the issuance of up to €5 billion of hybrid bonds.
• New product wave broadens market coverage with added “white-space” products and powertrain options across North America, Enlarged Europe, South America and Middle East & Africa targeting profitable growth opportunities.
• 2026 Financial Guidance Affirmed. Company expects to progressively improve Net revenues, AOI margin and Industrial free cash flows in 2026, and to see progressive improvements from H1 2026 to H2 2026.

FY 2026 Financial Guidance – all reported data is unaudited
• Net revenues: Mid-Single Digit % Increase
• AOI margin(3): Low-Single Digit %
• Industrial free cash flows(4): Improved Y-o-Y
• (incl. €2B in 2026 payments related to H2 ’25 charges)
• Expect Positive Industrial free cash flow(4) in 2027