STELLANTIS DROPS PRELIMINARY H1 2025 FINANCIALS

EV Channels Review

Stellantis has released preliminary H1 2025 financial results that paint a concerning picture, marked by a significant €2.3 billion net loss and a substantial €3 billion industrial free cash flow outflow. The company attributes these results to a confluence of factors including lower-than-expected volumes in Europe, production ramp-up issues for new products, higher industrial costs, unfavorable foreign exchange rates, and a €330 million impact from tariffs. Significant one-time charges, totaling approximately €3.3 billion, further impacted profitability, stemming from product program decisions, impairments on Maserati platforms, changes in US CAFE penalty rates, and airbag recall expansions. While the company acknowledges the poor performance and the need for improvement, it highlights sequential progress from the latter half of 2024, with increased revenues and improved AOI margins. The second half of 2025 is expected to see improvement driven by new product launches, including the Jeep Cherokee and new B-segment cars in Europe. Stellantis plans to re-establish financial guidance on July 29th.