Stellantis N.V. Interim Report Q1 2026

Stellantis N.V. reported its interim financial results for the three months ended March 31, 2026. The company saw a significant improvement in net profit, reaching €377 million compared to a net loss of €387 million in the same period of 2025. This turnaround was primarily driven by a 6.5% increase in net revenues to €38,132 million, fueled by volume growth in North America, Enlarged Europe, and Middle East & Africa. Adjusted operating income also saw a substantial rise to €960 million from €327 million in Q1 2025, with the margin improving to 2.5%. Shipments increased by 12.1% to 1,361 thousand units. Available liquidity stood at €48,278 million as of March 31, 2026. The company experienced a net cash used in operating activities of €2,718 million. Key drivers for the improved financial performance included higher volumes, positive net pricing, and improved industrial costs in North America, despite unfavorable foreign exchange impacts. Enlarged Europe saw increased shipments but a decrease in adjusted operating income due to negative net pricing and mix. The Middle East & Africa region reported higher volumes and positive net pricing, but a decrease in adjusted operating income due to foreign exchange effects. South America experienced a slight decrease in net revenues and adjusted operating income, while Asia Pacific saw a decrease in net revenues and adjusted operating income due to unfavorable mix, pricing, and foreign exchange headwinds. The company also issued new Hybrid perpetual notes totaling €4.0 billion in March 2026.