Antonio Filosa attends the presentation of the new Fiat 500 Hybrid at the Stellantis FIAT Mirafiori factory in Turin, Italy, November 25, 2025.
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Automotive giant Stellar announced its first-ever annual loss on Thursday after recording substantial writedowns as part of a major strategic change.
The multinational conglomerate, which owns well-known brands such as Jeep, Dodge, Fiat, Chrysler and Peugeot, job a net loss for the whole of 2025 of 22.3 billion euros ($26.3 billion), compared to an annual profit of 5.5 billion euros a year ago.
The net loss was impacted by 25.4 billion euros in writedowns, Stellantis said, as the company sharply scales back its electric vehicle strategy.
Despite the results, the company’s shares rose on Thursday after CEO Antonio Filosa discussed Stellantis’ North American operations leading a turnaround for the company, including better-than-expected results for the region in the second half.
“North America is experiencing very strong growth in volume. (…) It’s very encouraging,” Filosa told investors during his results. “This growth will be the world’s largest contribution to Stellantis’ profitability.”
The company’s shares in Milan and New York were up about 5% as of 10:40 a.m. ET.
Filosa said continued growth expected in North America will be driven by new products, as well as increased production of trucks with Hemi V8 engines. He also said that the company’s decision to cancel its plug-in hybrid electric vehicles will contribute to profitability.
Stellantis’ results come as automakers around the world seek to roll back their electric vehicle plans. Automotive giants, including General manager, Ford And Hondafor example, have all announced billions of dollars in spending to write down investments in electric vehicles in recent months. This trend highlights the changing dynamics at play on the path to full electrification.
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Stellantis shares listed in Milan so far this year.
“Our full-year 2025 results reflect the cost of overestimating the pace of the energy transition and the need to refocus our business around our customers’ freedom to choose from the full range of electric, hybrid and internal combustion technologies,” Filosa said in a statement.
“In 2026, our focus will be on continuing to close the execution gaps of the past, providing further momentum to our return to profitable growth,” he added.
Stellantis announced that it had suspended its dividend for 2026, as it had previously reported, and issued up to €5 billion in hybrid bonds. It also reiterated its guidance for 2026, including single-digit percentage increase in net sales and low single-digit adjusted operating margin.
Other earnings highlights:
Adjusted operating loss of 842 million euros in 2025, compared to adjusted operating profit of 8.65 billion euros in 2024.It estimates net tariff expenditure at 1.6 billion euros in 2026. Stellantis said it expects positive industrial free cash flow in 2027.During the second half of 2025, Stellantis delivered a “strong” performance, noting that consolidated shipments amounted to 2.8 million units, with North America showing the highest contribution.
Net revenues increased by 10% to €79.25 billion in the second half of 2025 compared to the same period last year.
These results reflect the initial impact of improved operational efficiencies, disciplined business strategies and the strength of the company’s global brand portfolio, Stellantis said.
