Stellantis posts 20 bln euro net loss in second half of 2025 after EV writedowns

Core Viewpoint - Stellantis reported a net loss of 20.1 billion euros for the second half of 2025, primarily due to significant writedowns related to its electric vehicle (EV) strategy and vehicle quality issues [1]. Financial Performance - The company experienced a 10% year-on-year increase in net revenues for the July-December period [1]. - Adjusted operating income (AOI) was negative at 1.38 billion euros (approximately $1.63 billion) [1]. - Stellantis recorded 25.4 billion euros in writedowns for the year, attributed to overestimating the pace of the energy transition and quality problems linked to cost-cutting measures [1]. Future Outlook - Stellantis reiterated its forecasts for 2026, expecting a mid-single-digit percentage increase in net revenues and a low-single-digit adjusted operating margin [1]. - The company anticipates that industrial free cash flows will only return to positive territory in 2027 [1]. - Stellantis confirmed it would not pay a dividend for the current year [1].