Stellantis(US:STLA) Yahoo Finance·2026-02-26 12:31Core Viewpoint - Stellantis reported a significant full-year loss primarily due to a $26 billion charge related to electric vehicles (EVs), but showed signs of improvement in the second half of the year under CEO Antonio Filosa's leadership [1]. Financial Performance - Stellantis achieved H2 net revenue of 79.25 billion euros ($93.47 billion), aligning with the forecast range of 78 billion to 80 billion euros ($91.87 to $94.23 billion) and representing a 10% increase from 71.86 billion euros ($84.64 billion) in the previous year [2]. - The company recorded a second-half adjusted operating income (AOI) loss of 1.38 billion euros ($1.63 billion), within the forecast range of 1.2 billion to 1.5 billion euros ($1.41 billion to $1.77 billion), contrasting with a gain of 185 million euros ($218 million) in H2 2024 and a profit of 10.2 billion euros ($12 billion) in 2023 [3]. Production and Shipments - Global shipments improved in H2, with an 11% increase to 277,000 units, with all regions reporting higher volumes [4]. Full-Year Results and Charges - For the full year, Stellantis reported a net loss of 22.3 billion euros ($26.3 billion), attributed to 25.4 billion euros ($29.96 billion) in unusual charges [4]. - The company disclosed a 22.2 billion euro ($26 billion) EV-related charge, with cash payments of 6.5 billion euros ($7.7 billion) to be made over the next four years and additional charges of 14.7 billion euros ($17.34 billion) expected in the second half of 2025 [5]. Strategic Adjustments - The charges stemmed from the company's decision to abandon its previous aggressive EV targets, reflecting an overestimation of the energy transition pace and a misalignment with customer preferences [6]. - The write-down included the cancellation of the planned Ram 1500 BEV and battery gigafactories in Italy and Germany, as well as impairments to several EV platforms, primarily due to new US emissions regulations and a need to realign production plans [6].