Stellantis

Antonio Filosa was appointed CEO of the Stellantis group in late May 2025.

Stellantis generated €153.5 billion in net revenues in 2025, down 2% year on year – despite a 1% increase in volumes – mainly due to strong forex headwinds and net pricing declines. It ended the year with an adjusted operating loss of €0.8 billion and a negative 0.5% adjusted operating income (AOI) margin. Free cash flow was a negative €4.5 billion, representing a year-on-year improvement. The group was in an overall net cash position of €6.7 billion at end-2025.

The group reported a €22.3 billion net loss for the year, mainly due to non-recurring expenses recognised as a result of its strategic reset announced in February 2026. In view of this, Stellantis’ Board of Directors decided to suspend the dividend payment for 2025.

In accordance with the stand-still undertakings given as part of the merger between PSA and FCA, the core shareholders of Stellantis (Exor, Peugeot 1810, Bpifrance and Dongfeng Motor) undertook not to increase their holdings in Stellantis for a period of seven years following the completion of the merger (i.e. until 16 January 2028). However, as an exception to that undertaking, Peugeot 1810 may acquire a 1.5% interest in Stellantis from Dongfeng Motor or Bpifrance, or may buy on the open market the same number of Stellantis shares as the number of Stellantis shares that Bpifrance may sell to another counterparty.

Robert Peugeot is Vice-Chairman of the Stellantis Board of Directors and is a member of the Remuneration Committee.