Stellantis reports big loss of $26.3 billion, but improves second-quarter results as turnaround slows
Big Three automaker Stellantis ( STLA ) reported its biggest full-year loss after taking a $26 billion EV-related charge, but saw better second-quarter (H2) results suggesting the company’s turnaround under CEO Antonio Filosa may be working.
Stellantis – which counts brands such as Ram, Jeep, Fiat, and Alfa Romeo in its product portfolio – reported H2 net profit of 79.25 billion euros ($93.47 billion), in the range of 78 to 80 billion euros ($91.87 to $94.23 billion) above the forecast of more than one billion euros 10.6 (10 billion euros). reported last year.
Stellantis posted second quarter adjusted earnings (AOI) loss of 1.38 billion euros ($1.63 billion), also in the range of 1.2 billion to 1.5 billion euros ($1.41 billion to 1.77 billion), a reversal of the quarter’s 185 million euros ($1 billion 218) reported a second quarter decrease of 2 million euros. 10.2 billion euro ($12 billion) profit reported in 2023.
Global shipments also improved in H2, with the company seeing an 11% jump to 277K units, with each region reporting higher volumes.
For the full year, Stellantis reported a net loss of 22.3 billion euros ($26.3 billion), due to 25.4 billion euros ($29.96 billion) of “extraordinary charges,” the company said.
Stellantis stock was little changed in premarket trading in New York.
“Our results for the full year 2025 show the cost of overestimating the speed of the energy transition and the need to reset our business in terms of the freedom of our customers to choose from a complete list of technologies for the use of electric power, hybrids and interior jewelry,” said CEO Antonio Filosa in a statement.
Read more: Live posting of corporate earnings
The results come after the company disclosed an EV-related charge of 22.2 billion euros ($26 billion) earlier this month. Cash payments of 6.5 billion euros ($7.7 billion) will be paid over the next four years, and the total cost of 14.7 billion euros ($17.34 billion) will be taken into account in the company’s results for the second half of 2025, Stelantis said. The cost will not impact the company’s adjusted operating income, however.
The lawsuits were a direct result of the company’s abandonment of its previous EV goals, said CEO Antonio Filosa, adding that they “significantly reflect the cost of overestimating the pace of the energy transition that has distanced us from the needs, means and desires of many real-world car buyers.”
The write-down also included the cancellation of the planned Ram 1500 BEV and battery gigafactories in Italy and Germany, as well as the cancellation of several EV platforms. The largest part of the cost was related to restructuring production plans and customer preferences, as well as the impact of new US emissions regulations that show significantly reduced expectations for battery electric vehicle products.
