Stellantis NV posted a staggering €20.1 billion net loss for the second half of 2025, following €22.2 billion in electric-vehicle strategy charges. The automaker's adjusted operating income fell to negative €1.38 billion, while net revenues surprisingly rose 10% during the period. The company recorded €25.4 billion in total writedowns for 2025, with CEO Antonio Filosa attributing the results to overestimating the energy transition pace.

The impairment charges stem partly from vehicle quality issues linked to cost-cutting under former chief Carlos Tavares. The writedowns include approximately €6.5 billion in cash outflows to be spread over four years beginning 2026. Stellantis confirmed it will not distribute a dividend this year as the company navigates its strategic reset following aggressive EV expansion plans that have backfired financially.

For the full year 2025, Stellantis reported a net loss of €22.3 billion, with adjusted operating margin at negative 0.5%. While annual sales declined 2% to €153.51 billion, the automaker maintains expectations for mid-single-digit revenue growth in 2026. Industrial free cash flow is projected to turn positive only in 2027 as the company works to close execution gaps from its previous strategy.