European automaker Stellantis NV recorded a net loss for 2025 due to a €25.4bn write-down due to a change in business strategy, according to reports.
The loss totalled €22.332bn, or €7.75 per share, compared with a net profit of €5.52bn, or €1.84 per share, in 2024.
Revenue fell 2 per cent to €153.508 billion.
The operating loss, excluding one-off factors, was €842m compared with a profit of €8.65bn a year earlier. Its profit margin slipped to 5 per cent from 5.5 per cent.
The company confirmed it would not pay a dividend for last year due to the loss.
Car deliveries in North America last year grew by 2.8% (to 1.472 million units), in the Middle East and Africa – by 1.5% (to 542 thousand), in South America – by 9.7% (to 1 million), while in the Asia-Pacific region (including India and China) – unchanged (61 thousand). At the same time in Europe, car sales decreased by 3.3% (to 2.49 million).
Maserati deliveries fell by 30% to 7.9 thousand units.
In 2026, Stellantis expects revenue growth of 4-6% and forecasts adjusted operating profit margin of about 1-3%.
The carmaker’s stock price is down 1% during trading on Thursday in Milan. The company’s capitalisation has fallen 47% over the past 12 months (to €24.4bn).
Stellantis was formed in early 2021 through the merger of Fiat Chrysler Automobiles (FCA) and PSA Group.