Stellantis: in 2025 loss at 22.3 billion, revenues -2%. Filosa reassures on 2026: share price rebounds

Stellantis, which confirmed the 2026 guidance provided on 6 February along with its preliminary results, closed 2025 with a net loss of EUR 22.332 billion (compared to a profit pr EUR 5.52 billion in 2024) due to EUR 25.4 billion in extraordinary charges for the full year, which "primarily reflects a strategic shift to put customer preferences and freedom of choice back at the heart of the company's plans". Revenues fell by 2 per cent to EUR 153.508 billion, mainly due to the negative effects of exchange rates and falling net prices in the first half of 2025.

In the afternoon conference call with analysts, CEO Antonio Filosa was optimistic about the outlook for the current year. 'In the second half of 2025,' he said, 'revenues have returned to growth. The decisive reset we announced on 6 February by putting the customer back at the centre of everything we do will allow us to return to profitable growth. 2026 will be our execution year. We are committed to delivering progressive performance improvements on all key business indicators'. Filosa added that 'the second part of 2025 showed encouraging signs, reflecting the benefits of the reset'.

In January Stellantis, he continued, 'saw an encouraging rebound in market share and we expect the same in February. In the second half of 2025 we returned to revenue growth and the momentum continued into early 2026. This will be an important basis for being profitable in 2026'.

Filosa then provided information on the evolution of the partnership with China's Leapmotor, in which Stellantis has a share of around 20 per cent, but above all 51 per cent of the international joint venture. "The one with Leapmotor," he explained, "is a strong partnership from a commercial point of view, thanks to which we have increased our market coverage, but also a technical partnership that takes us to higher levels in the field of electrification. Collaboration that 'will be improved on the technological level'. Words that seem to confirm the rumours about the unprecedented adoption of Leapmotor technologies for the electric models of Stellantis' European brands, a move that aims to cut the costs of electrification of the group's range. In his presentation, Filosa recalled the 'strategic' progress of the collaboration with Leapmotor, including the launches of numerous models in Europe, while sales of the joint venture with the Chinese brand have exceeded 50,000 units, 80 per cent of which are in Europe.

His words have pushed the Stellantis share price up 6 per cent to EUR 6.90 after last weeks' slump linked to the heavy balance sheet write-down. Since the beginning of the year, however, the stock is still down around 30 per cent and in the past 12 months by almost 50 per cent.