Stellantis (NYSE:STLA) posted a massive €22.3 billion net loss for the full year 2025, driven by a sweeping €25.4 billion wave of unusual charges as the automaker executes a costly and aggressive strategic reset.
Reflecting the heavy financial toll of its turnaround efforts, the company’s board has suspended the 2026 dividend and authorized up to €5 billion of hybrid debt issuance to shore up its balance sheet and protect liquidity.
The automaker’s net revenues for the year slipped 2% year-over-year to €153.5 billion.
Its adjusted operating loss landed at €842 million, translating to a negative margin of 0.5%.
Industrial free cash flow remained in the red but showed signs of structural improvement, ending the year at negative €4.5 billion.
Despite the staggering annual deficit, the second half of 2025 offered concrete signs of stabilization for the embattled manufacturer.
Stellantis reported a return to top-line growth during the latter six months of the year, with revenue climbing 10% alongside an 11% increase in consolidated shipments.
The late-year volume recovery suggests that drastic inventory corrections and commercial realignments undertaken earlier in the year are beginning to gain traction in the market.