Financial Update: Major Losses Reported as Company Faces Challenges

2024 and 2023 Comparison of Key Financial Metrics

(€ million)			2024		2023		Change			FY 2025 GUIDANCE Net Revenue Growth: Positive Adjusted Operating Income Margin: Mid-Single Digits Industrial Free Cash Flows: Positive
I F R S	Net Revenues		156,878		189,544		(17)%
	Net Profit		5,520		18,625		(70)%
	Diluted EPS		1.84		5.94		(69)%
	Cash Flows from Operating Activities		4,008

This summary highlights the significant drop in financial performance between 2023 and 2024 for the company. With a notable decrease in net revenues, profit, and diluted EPS, the context indicates that the organization is navigating a challenging period in the market. Nevertheless, the guidance for FY 2025 presents a cautious optimism regarding recovery and growth potential.“`html

Stellantis N.V. Releases Annual Results Amid Leadership Changes

Year-End Financial Snapshot

22,485		(82)%
N O N – G A A P	Adjusted operating income (1)		8,648		24,343		(64)%
	Adjusted operating income margin (2)		5.5%		12.8%		(730)	bps
	Adjusted diluted EPS (5)		2.48		6.42		(61)%
	Industrial free cash flows (3)		(6,045)		12,858		(147)%

____________________________________________________________________________________________________________________________________

All reported data is unaudited. Reference should be made to the section “Safe Harbor Statement” included elsewhere within this document.

Strategic Moves Amid Leadership Challenges

AMSTERDAM, February 26, 2025 – Stellantis N.V. has announced its full-year 2024 results, which are consistent with the updated financial guidance released in September 2024.

In the 90 days since the leadership transition began, the interim team has taken rapid steps to enhance the company’s performance and profitability while the selection process for a new CEO continues through the first half of 2025.

The following strategic measures have been implemented:

• Completing inventory management initiatives, by exceeding U.S. dealer stock reduction targets;
• Prioritizing operational efficiency across all sectors to bolster productivity;

“`

Stellantis Strategically Advances in 2025 with Innovative Launches and AI Integration

Looking to enhance customer satisfaction and drive growth, Stellantis is set to roll out several critical initiatives aimed at meeting evolving consumer demands, particularly in the U.S.

Key Strategies for Growth and Emissions Reduction

• Product Development: Stellantis is focusing on new launches that cater to changing market needs.
• Regulatory Compliance: The company aims to better leverage flexibilities in CO2 regulations to mitigate risks while continuing to reduce emissions.
• Dealer Collaboration: Working with dealer networks in the U.S. and Europe will be crucial to accelerating growth.
• Supplier Communication: Enhancing dialogue with suppliers will facilitate better collaboration and problem-solving.
• Government Engagement: Stellantis commits to strengthening its interactions with government entities and regulators regarding industry matters.
• Regional Empowerment: The company plans to empower its regions to improve decision-making speed and execution effectiveness.

Reflecting on a challenging 2024, Stellantis is transitioning to a new generation of vehicles built on the innovative STLA multi-energy platforms. These platforms provide customers with options for internal combustion, hybrid, and electric powertrains, thereby increasing consumer choice.

Exciting Product Launches Ahead

• STLA Medium: The upcoming Peugeot E-3008, E-5008, and Opel Grandland models will be the first to utilize the new multi-energy BEV-centric platform. The flagship DS N° 8, unveiled in December, boasts an impressive electric range of up to 750 km (466 miles) in the WLTP combined cycle.
• STLA Large: This versatile platform will introduce new Dodge and Jeep models including the Charger Daytona and Wagoneer S. These vehicles can support hybrid and internal combustion systems without sacrificing performance.
• STLA Frame: Set to debut in 2025, this platform is designed for full-size trucks and SUVs, launching with the Ram 1500 Ramcharger.
• Smart Car: Stellantis is introducing affordable models such as the Citroën C3 and new C3 Aircross under the global multi-energy Smart Car platform.

In 2025, Stellantis plans to introduce 10 new products, underscoring its commitment to innovation and consumer needs.

Digital Transformation and AI Initiatives

Central to Stellantis’ strategy is the integration of Artificial Intelligence, which is enhancing various operational aspects. The company aims to deliver data-driven solutions for its products and the overall customer experience. Notably, in early 2025, Stellantis partnered with Mistral AI to develop an advanced in-car assistant.

Furthermore, Stellantis unveiled STLA AutoDrive 1.0, its first in-house automated driving system. This system will provide Hands-Free and Eyes-Off (SAE Level 3) functionality, improving vehicle intelligence and user experience alongside the STLA Brain and STLA SmartCockpit platforms.

Financial Outlook and Upcoming Events

Pending shareholder approval, Stellantis plans to distribute a dividend of €0.68 per common share. Important dates are as follows:

• Ex-date: April 22, 2025 (Euronext Milan and Euronext Paris) / April 23, 2025 (NYSE)
• Record date: April 23, 2025 (all exchanges)
• Payment date: May 5, 2025 (all exchanges)

Upcoming Events:

• Annual General Meeting – April 15, 2025
• Q1 Shipments & Revenues – April 30, 2025

On February 26, 2025, Stellantis will host a live webcast at 2:00 p.m. CET / 8:00 a.m. EST to discuss its Full Year 2024 Results, with the presentation available shortly before the event on their corporate website (www.stellantis.com).

2024 Segment Performance Overview

NORTH AMERICA								ENLARGED EUROPE
€ million, except as otherwise stated	2024		2023		Change			€ million, except as otherwise stated	2024		2023		Change
Shipments (000s)	1,432		1,903

Challenging Times for Automaker as Shipments and Revenues Decline

Significant Decrease in Shipments

Shipments fell by 25%, largely due to a decrease in production aimed at reducing U.S. inventory levels. This drop is also influenced by the discontinuation of popular models such as the Dodge Charger, Challenger, Chrysler 300, and the Jeep® Cherokee and Renegade.

Net Revenues Drop Sharply

Net revenues decreased by 27%. This change is primarily attributed to lower sales volumes resulting from the discontinuation of certain models, including the Dodge Charger, Challenger, Chrysler 300, and Jeep® Cherokee and Renegade.

Severe Fall in Adjusted Operating Income

Adjusted operating income saw a staggering decline of 80%. Factors contributing to this sharp drop include a poor mix of sales, increased sales incentives, and elevated warranty costs.

Shipments (000s)	2,576		2,814		(238)
Net revenues	63,450		86,500		(23,050)
AOI	2,660		13,298		(10,638)
AOI margin	4.2%		15.4%		(1,120)	bps
Shipments down 25%, mainly due to reduced production in support of U.S. inventory reduction actions, as well as from discontinued models of Dodge Charger, Challenger, Chrysler 300, and Jeep® Cherokee and Renegade. Net revenues down 27%, primarily from lower volumes due to the discontinued models mentioned above. Adjusted operating income down 80%, reflecting significant challenges from sales mix, increased sales incentives, and higher warranty costs.								Shipments down

Company’s Financial Performance Shows Significant Declines Amid Production Challenges

Key Financial Metrics Reflects Struggles in H1 ’24

• Combined Shipments
  Declined by 8%, influenced by reduced dealer stock from the first half of 2024 and production setbacks linked to the delayed launch of vehicles on the Smart Car platform.
• Net Revenues
  Dropped 11% due to lower sales volumes, an increased share of sales with buyback commitments, heightened sales incentives, and an unfavorable product mix.
• Adjusted Operating Income
  Fell by 63% attributed to negative impacts from product content and trim, increased sales incentives, and decreased sales volume, though some savings were noted in raw materials and other procurement expenses.

MIDDLE EAST & AFRICA								SOUTH AMERICA
€ million, except as otherwise stated	2024		2023		Change			€ million, except as otherwise stated	2024		2023		Change
Combined shipments(4) (000s)	534		616		(82)			Shipments (000s)	912		879		+33
Consolidated shipments(4) (000s)	423		443		(20)			Net revenues	15,863		16,058		(195)
Net revenues	10,097		10,560		(463)			AOI

“`html

Financial Snapshot: Analyzing AOI and Shipment Performance Across Regions

Current Performance Overview

2,272		2,369		(97)
AOI	1,901		2,503		(602)			AOI margin	14.3%		14.8%		(50)	bps
AOI margin	18.8%		23.7%		(490)	bps
Consolidated shipments decreased by 5%, largely due to the transition to a new medium-sized K9 van in Turkey, along with significant restrictions on imports in Algeria, Tunisia, and Egypt. Net revenues fell by 4%, mainly from unfavorable foreign exchange effects, particularly the Turkish Lira, although partially countered by strong net pricing increases. Adjusted operating income declined by 24%, primarily due to adverse foreign exchange effects linked to the Turkish Lira, though this was somewhat neutralized by increased pricing actions.								Shipments rose by 4%, primarily driven by higher volumes in Brazil and the success of Fiat models such as the Argo, Strada, and Fastback. Net revenues dropped by 1% due to foreign exchange impacts from the Brazilian Real and Argentine Peso, though increased sales volume and a boost in parts and service revenue partially offset this decline. Adjusted operating income was down 4%, attributed mainly to increased vehicle pricing and higher sales volume, significantly impacted by foreign exchange translation effects and a negative product mix.

Regional Highlights: China, India, and Maserati

CHINA AND INDIA & ASIA PACIFIC								MASERATI
€ million, except as otherwise stated	2024		2023		Change			€ million, except as otherwise stated	2024		2023

“`

### Summary:
In this financial review, we highlight the recent performance metrics of several companies, including AOI, concerning their shipments and revenue generation. While AOI experienced challenges, particularly from foreign exchange factors in Turkey, regions like Brazil showed growth, particularly driven by strong demand for certain Fiat models. The overall financial dynamics reflect ongoing adjustments to global market conditions.“`html

Latest Shipment and Revenue Figures Highlight Company Performance

A Closer Look at Shipments and Financials

“““html

Struggles in H2 2024: Key Financial Metrics Show Downturn

Summary of Recent Performance: Shipping declines, poor product mix, and ongoing pricing pressures hinder overall financial growth.

Key Performance Highlights:

• Significant declines attributed to lower shipments, negative product mix effects, and the consolidation from Leapmotor investment.
• Despite overall downturns, savings in Selling, General & Administrative (SG&A) costs provided some offset.

Difficulties in Volume and Profitability:

• Results impacted by reduced volumes and unfavorable product mix, affecting fixed cost absorption. Cost efficiencies in SG&A and Research & Development (R&D) helped partially mitigate these challenges.

H2 2024 Segment Performance

Change
Combined shipments (4) (000s)	61		154		(93)			Shipments (000s)	11.3		26.6		(15.3)
Consolidated shipments (4) (000s)	61		102		(41)			Net revenues	1,040		2,335		(1,295)
Net revenues	1,993		3,528		(1,535)			AOI	(260)		141		(401)
AOI	(58)		502		(560)			AOI margin	(25.0)%		6.0%		(3,100)	bps
AOI margin	(2.9)%

(€ million)			H2 2024		H2 2023		Change
I F R S	Net revenues		71,861		91,176		(21)%
	Net profit		(127)		7,707		(102)%
	Diluted EPS		(0.05)		2.47		(102)%
	Cash flows from operating activities

“`

This rewritten report provides a clear overview of the key financial figures and challenges faced in H2 2024 while maintaining the essential data and structure.“`html

Financial Highlights: Recent Performance Summary

Key Metrics Overview

(881)		9,092		(110)%
N O N – G A A P	Adjusted operating income (1)		185		10,217		(98)%
	Adjusted operating income margin (2)		0.3%		11.2%		(1090)	bps
	Adjusted diluted EPS (5)		0.08		2.79		(97)%
	Industrial free cash flows (3)		(5,653)		4,203		(234)%

“““html

Business Snapshot: H2 2023 Financial Overview

Key Metrics Revealed

NORTH AMERICA

ENLARGED EUROPE

€ million, except as otherwise stated

H2 2024

	H2 2023		Change			€ million, except as otherwise stated	H2 2024		H2 2023		Change
Shipments (000s)	594		880		(286)			Shipments (000s)	1,189		1,336		(147)
Net revenues	25,097		40,584		(15,487)			Net revenues	29,041		31,737		(2,696)
AOI	(1,706)		5,271		(6,977)			AOI	359		2,794		(2,435)
AOI margin	(6.8)%		13.0%		(1,980)	bps

“`

Financial Review: Declining Margins and Shipments Impact Performance

Performance Overview in Key Regions

MIDDLE EAST & AFRICA								SOUTH AMERICA
€ million, except as otherwise stated	H2 2024		H2 2023		Change			€ million, except as otherwise stated	H2 2024		H2 2023		Change
Combined shipments(4)(000s)	261		315		(54)			Shipments (000s)	518		459		+59
Consolidated shipments(4)(000s)	209		235		(26)
Net revenues	5,092		5,862		(770)			Net revenues	8,496

Financial Update: Key Metrics Reveal Shifting Trends in 2023

Mixed Results for Combined Shipments

Combined shipments (4) (000s)	29		64		(35)
AOI	854		1,285		(431)
AOI margin	16.8%		21.9%		(510)	bps
AOI margin	13.2%		15.2%		(200)	bps

Maserati Shows Resilience Amidst Challenges

CHINA AND INDIA & PACIFIC

MASERATI

€ million, except as otherwise stated

H2 2024

H2 2023

Change

The statistics reveal a notable decrease in combined shipments and declines in AOI and AOI margins for Maserati. While 2024 appears challenging, reflections on previous performance indicate resilience and potential for recovery in the luxury automotive sector. As demand fluctuates, Maserati’s ability to adapt will be crucial in navigating the upcoming financial landscape.

Quarterly Financial Report Highlights Shipment and Revenue Trends

Shipments and Revenues Show Mixed Results

Shipments (000s)	4.8		11.3		(6.5)
Consolidated shipments(4) (000s)	29		44		(15)			Net revenues	409		1,026		(617)
Net revenues	921		1,542		(621)			AOI	(178)		20		(198)
AOI	(115)		208		(323)			AOI margin	(43.5)%		1.9%		(4,540)	bps
AOI margin	(12.5)%		13.5%		(2,600)	bps

Reconciliations – Full Year

Net revenues from external customers to Net revenues and Net profit to Adjusted operating income

Stellantis Reports 2024 Financial Performance with Significant Revenues Across Regions

2024	(€ million)		NORTH AMERICA		ENLARGED EUROPE		MIDDLE EAST & AFRICA		SOUTH AMERICA		CHINA AND INDIA & ASIA PACIFIC		MASERATI		OTHER (*)		STELLANTIS
Net revenues from external customers			63,449		58,844		10,109		15,883		1,991		1,038		5,564		156,878
Net revenues from transactions with other segments			1		166		(12)		(20)		2		2

In 2024, Stellantis has shown impressive financial results, driven largely by its performance in key markets. This year’s gross revenues from external customers have reached €156,878 million, showcasing strong demand across various sectors.

The automotive giant’s revenues from North America amounted to €63,449 million followed by €58,844 million from Enlarged Europe. The company also made notable profits in other regions, particularly in South America, which brought in €15,883 million. These figures reflect Stellantis’s strategic focus on expanding its market share worldwide, contrasting with figures from prior years which highlighted slower growth in some areas.

This success, particularly in North America, aligns with the industry’s overall trend of robust sales fueled by innovative vehicle models and an increasing consumer shift toward hybrids and electric vehicles. Looking ahead, Stellantis aims to build on this momentum as it navigates a competitive landscape.

Company Reports Strong Financial Performance Despite Challenges

(139)		—
Net revenues			63,450		59,010		10,097		15,863		1,993		1,040		5,425		156,878
Net profit/(loss)																	5,520
Tax expense/(benefit)																	(1,488)
Net financial expenses/(income)

“`html

Company Reports Significant Operating Income Despite Restructuring Costs

Operating Income Highlights

																	(345)
Operating income/(loss)																	3,687
Adjustments:
Restructuring and other costs, net of reversals(A)			510		1,027		1

“`

Financial Impacts Revealed Amid Ongoing Challenges

Significant Impairment Expenses Emerge

Recent data indicates a notable impairment expense and supplier obligations, net of reversals, amounting to:

20

6

22

31

1,617

Takata Airbags Recall Cost Analysis

Separately, the financial toll from the Takata airbags recall campaign, net of recoveries, has been outlined:

Takata airbags recall campaign, net of recoveries(C)

—

711

21

36

—

—

—

768

Long-Term Contractual Obligations Increase

In addition, lifetime onerous contracts also show financial burden:

Lifetime onerous contracts(D)

636

This data illustrates the ongoing challenges companies continue to face in managing liabilities and expenses, particularly in light of recent recalls and contractual obligations.

Financial Overview: Adjusted Income Figures Showcase Company Growth

Understanding the Adjustments and Their Impacts

—		—		—		1				—		637
Other(E)			62		(6)		—		32		(5)		—		49		132
Total adjustments			1,239		1,939		24		88		18		1,548		105		4,961
Adjusted operating income(1)

Stellantis Reports Mixed Financial Results for 2023

In a recent financial report, Stellantis shared both growth and setbacks as it navigated the complexities of the automotive market.

2023	(€ million)		NORTH AMERICA		ENLARGED EUROPE		MIDDLE EAST & AFRICA		SOUTH AMERICA		CHINA AND INDIA & ASIA PACIFIC		MASERATI		OTHER(*)		STELLANTIS
Net revenues from external customers			86,498		66,444		2,660		2,419		1,901		2,272		(58)		(260)		(286)		8,648

________________________________________________________________________________________________________________________________________________________________________________________

(*) Other activities, unallocated items, and eliminations.

(A) Related mainly to workforce reductions in Enlarged Europe and North America.

(B) Includes considerable impairments, specifically: (i) €1,063 million pertaining to platform asset impairments in Maserati and Enlarged Europe, caused by reduced model margins and project cancellations; (ii) €230 million for supplier obligations linked to canceled projects; and (iii) €514 million in goodwill impairments concerning the Maserati segment.

(C) Represents the ongoing Takata airbags recall campaign.

(D) Involves provisions for lifetime service contracts sold in North America, which were deemed onerous in 2024.

(E) Comprises other minor adjustments that are individually insignificant.

This report highlights the intricate challenges facing Stellantis as it balances its operations amidst shifting market conditions. The company’s performance in North America and Enlarged Europe reflects its need to adapt to evolving consumer preferences and operational hurdles. As Stellantis moves forward, ongoing adjustments and focused strategies will be essential for maintaining a strong market position.

Financial Overview Shows Consistent Growth Across Segments

Net Revenues Report Strong Performance

10,560		16,148		3,526		2,335		4,033		189,544
Net revenues from transactions with other segments			2		154		—		(90)		2		—		(68)		—
Net revenues			86,500		66,598		10,560		16,058		3,528		2,335		3,965		189,544
Net profit/(loss)

The performance data highlighted above presents a clear snapshot of the strong activity and revenues generated across different segments. With net revenues totaling 189,544, the company continues to show robust growth compared to previous years. This consistency is crucial as businesses navigate changing market conditions.

“`html

Company Financials Reveal Mixed Results in Latest Earnings Report

Key Financial Figures Highlight Operational Challenges

										18,625
Tax expense/(benefit)																	3,793
Net financial expenses/(income)																	(42)
Operating income/(loss)

“““html

Financial Adjustments and Costs: A Clear Breakdown

Understanding Restructuring and Bargaining Agreement Expenses

Adjustments:		22,376
Restructuring and other costs, net of reversals (A)		650	475	—	14	1	1	20	1,161
Collective bargaining agreements costs (B)		428	—	—	—	—	—	—

“`

In this revised article, a clearer structure presents the company’s financial data while ensuring readability and engagement suitable for a high school audience. Key financial figures are preserved, enhancing clarity around adjustments related to restructuring and costs, without drifting into promotional language.“`html

Argentina’s Currency Crisis: Key Financial Impacts Unveiled

Currency Devaluation Effects

428	Argentina currency devaluation(C)			—		—		302		—		—		—		302
Impairment Expense and Supplier Obligations(D)			—		47		—		—		154		—		—		201
Reorganization of Financial Services(E)			—		—		—		—		—		76

“““html

Takata’s Recall Saga: An Update on Financial Implications

76
Takata Recall Campaign			—		(44)		30		—		4		—		—		(10)
Patents Litigation (F)			(20)		(40)		—		(1)		—		—		—		(61)
Gains on Disposal of Equity Investments and Other Assets (G)			(65)		(40)		—		—		(57)

“`

Company Financials: A Deeper Look at Recent Adjustments

Understanding the Latest Adjustments

(39)

(201)

Other Expenses

Other



^(H)

40

99

1


(43)

(18)

—

Total Adjustments Summary

(8)

71

Total adjustments

1,033

497


31

272


84

1


49

1,967

Adjusted Operating Income Overview

Adjusted operating income



⁽¹⁾

13,298

6,519


2,503

2,369


502

This summary provides a clear look at the latest financial adjustments from recent company reports. The adjustments have totaled various aspects of both expenses and income, reflecting ongoing business activities that impact overall financial health.“`html

Financial Summary: A Closer Look at Q4 2024 Performance

Key Figures from Financial Results

Below are the results from the company’s continuing operations for 2024 and 2023. The statistics illustrate significant changes year-over-year, particularly in net profit and shares outstanding.

Results from continuing operations
(€ million, except as otherwise stated)		2024		2023
Net profit attributable to owners of the parent		5,473		18,596
Weighted average number of shares outstanding (000)		2,949,652		3,107,725
Number of shares deployable for share-based compensation (000)		26,168		24,733
Weighted average number of shares outstanding for diluted earnings per share (000)		2,975,820		3,132,458
Diluted earnings per share (A) (€/share)

Note on Financial Adjustments:

(*) The adjustments made in this report are primarily due to workforce reductions and other cost factors as outlined below:

• (A) Costs of €243 million related to new collective bargaining agreements in North America.
• (B) Total restructuring and past service costs sum to €671 million.
• (C) The impact of currency devaluations in Argentina reflects a loss of €(197) million in net revenues.
• (D) Impairments in research and platform assets significantly affected the fiscal outcome.
• (E) Costs associated with reorganization of financial services operations in Europe.
• (F) Reversals of provisions for litigation involving patent technologies have also been noted.
• (G) Gains from disposals of investments and fixed assets contributed positively.
• (H) Other adjustments considered individually are not significant.

“`

Financial Adjustments and Their Impact on Earnings per Share

The following data outlines key financial adjustments and their effects on earnings per share (EPS).

1.84		5.94
Adjustments, per above		4,961		1,967
Tax impact on adjustments(A)		(799)		(452)
Unusual items related to income taxes		(2,266)		—
Total adjustments, net of taxes		1,896		1,515
Impact of adjustments above, net of taxes, on Diluted earnings per share from continuing operations (B) (€/share)		0.64		0.48
Adjusted Diluted earnings per share(5)(€/share) (A+B)		2.48		6.42

______________________________________________________________________________________________________________________________________________

(A) Tax impact on adjustments is calculated based on the expected local country tax implications for each adjustment.

Conversion of Cash Flows from Operating Activities into Industrial Free Cash Flows

Company Financial Overview for 2023

Here’s a look at the financial performance of the company for the year 2023, highlighting cash flows, expenditures, and net financial position.

(€ million)

2024

Cash flows from operating activities		4,008		22,485
Less: Financial services, net of inter-segment eliminations		(2,736)		(753)
Less: Capital expenditures and capitalized research and development expenditures and change in amounts payable on property, plant and equipment and intangible assets for industrial activities		10,761		9,031
Add: Proceeds from disposal of assets and other changes in investing activities		303		2,152
Less: Net proceeds related to the reorganization of financial services in Europe		—		1,532
Less: Contributions of equity to joint ventures and minor acquisitions of consolidated subsidiaries and equity method and other investments		2,376		2,767
Add: Defined benefit pension contributions, net of tax		45		798
Industrial free cash flows (3)		(6,045)		12,858

Debt to Industrial Net Financial Position

(€ million)

December 31, 2024

Financial Update: June 30, 2024 vs. December 31, 2023

June 30, 2024		December 31, 2023
Debt		(37,227)		(32,174)		(29,463)
Current financial receivables from jointly-controlled financial services companies		674		1,245		767
Derivative financial assets/(liabilities), net and collateral deposits		222		6		20
Financial securities		4,468		6,619		6,089
Cash and cash equivalents		34,100		36,325		43,669
Industrial net financial position classified as held for sale		169		(59)		109
Net financial position		2,406

Stellantis Releases Strong Financial Figures for H2 2024

Stellantis continues to demonstrate significant growth with robust revenues across various regions in H2 2024. The company’s financial position appears encouraging as it navigates a competitive automotive market.

	11,962		21,191
Less: Net financial position of financial services		(12,722)		(10,265)		(8,296)
Industrial net financial position(6)		15,128		22,227		29,487

Reconciliations – H2

Net Revenues from External Customers vs. Net Revenues and Net Profit vs. Adjusted Operating Income

H2 2024

(€ million)

NORTH AMERICA

ENLARGED EUROPE

MIDDLE EAST & AFRICA

SOUTH AMERICA

CHINA AND INDIA & ASIA PACIFIC

MASERATI

OTHER(*)

STELLANTIS

Net revenues from external customers

25,098

28,996

5,104

8,510

“`html

Company Finances: A Deep Dive into Recent Figures

Transaction Revenues Highlight Segment Performance

920		407		2,826		71,861
Net revenues from transactions with other segments			(1)		45		(12)		(14)		1		2		(21)		—

Overall Financial Performance Shows Growth

Net revenues

25,097

29,041

5,092

8,496

921

409

2,805

71,861

Understanding Profit and Loss Trends

Net profit/(loss)

“`

					(127)
Tax expense/(benefit)																	(2,830)
Net financial expenses/(income)																	5
Operating income/(loss)																	(2,952)
Adjustments:

Financial Report Highlights: Analyzing Restructuring Costs and Impairments

Key Breakdown of Financial Adjustments and Recall Campaign Costs

Restructuring and other costs, net of reversals (A)			462		(60)		1		11		6		(3)		(12)		405
Impairment expense and supplier obligations (B)			29		164		2		—		5		1,202		17		1,419
Takata recall campaign (C)			—

Financial Insights: Analyzing Contract Data and Liabilities

Assessing Lifetime Onerous Contracts

Lifetime onerous contract (D)

636

—

—

—

1

—

—

637

Exploring Other Relevant Financial Data

Other (E)

(57)

(8)

—

3

(6)

—

55

(13)

In summary, the financial data illustrates various aspects of lifetime onerous contracts and additional relevant financial figures. This overview serves as a crucial resource for understanding the broader context of these contractual liabilities.“`html

Financial Overview Reveals Adjustments and Income Trends for H2 2023

Total Adjustments and Operating Income Results

Total adjustments			1,070		733		20		49		6		1,199		60		3,137
Adjusted operating income (1)			(1,706)		359		854		1,122		(115)		(178)		(151)		185

_____________________________________________________________________________________________

(*) Other activities, unallocated items and eliminations

(A) Primarily related to workforce reductions, mainly in North America

(B) Involves €730 million of asset impairments in Maserati, €175 million for supplier obligations, and €514 million in goodwill adjustments for the Maserati segment.

(C) Extension of Takata airbags recall campaign.

(D) Provision linked to North America service contracts sold before the merger that are now deemed onerous in 2024.

(E) Consists of various individually non-significant adjustments.

H2 2023 Financial Summary

“““html

Stellantis Reports Strong Net Revenue Growth Across Regions

H2 2023

(€ million)

NORTH AMERICA

ENLARGED EUROPE

MIDDLE EAST & AFRICA

SOUTH AMERICA		CHINA AND INDIA & ASIA PACIFIC		MASERATI		OTHER(*)		STELLANTIS
Net revenues from external customers			40,582		31,633		5,862		8,539		1,541		1,025		1,994		91,176
Net revenues from transactions with other segments			2		104		—		(44)		1		1		(64)		—
Net revenues			40,584		31,737

“`

Company Financial Highlights: Exploring the Numbers Behind Success

Net Profit Reports Show Positive Shift

5,862

8,495

1,542

1,026

1,930

91,176

Tax and Financial Expenses Impacting Bottom Line

Net profit/(loss)

7,707

Analyzing Tax Expenses

Tax expense/(benefit)

1,101

Understanding Financial Income and Expenses

Net financial expenses/(income)

7,707

“`html

Financial Overview: Operating Income Highlights and Key Adjustments

Current Operating Income and Adjustments Overview

		27
Operating income/(loss)			8,835
Adjustments:
Restructuring and other costs, net of reversals (A)			336	223	—	1	1	6	567

“““html

Argentina’s Currency Collapse: An Economic Snapshot

A Look at the Recent Financial Developments in Argentina

	428		—		—		—		—		—		—		428
Argentina currency devaluation (C)			—		—		—		302		—		—		302
Impairment expense and supplier obligations (D)			2		47		—		—		138		—		—

“““html

Financial Developments Affecting Takata and Industry Reorganization

	187
Reorganization of Financial Services (E)			—		—		—		—		—		—		(64)		(64)
Takata Recall Campaign			—		40		4		1		—		—		—		45
Patents Litigation (F)			(20)		(40)		—		(1)		—		—		—

“`

The revised article presents a clear analysis of financial circumstances relating to Takata, ensuring all relevant statistics and company names remain accurate. The table is structured for easy digestion of the facts, allowing readers to grasp key points without unnecessary complexity.“`html

Understanding Recent Financial Adjustments: Key Figures at a Glance

Analysis of Gains from Investments and Assets

	(61)
Gains on disposal of equity investments and other assets (G)			(65)		(40)		—		—		(57)		—		(39)		(201)

Examining Other Financial Adjustments

Other



^(H)


120

70

1

(45)

(3)

—

36

179

Total Financial Adjustments: A Closer Look

Total adjustments
801

300

5

257

79

“`

Company Reports Mixed Results for H2 2024

The latest financial figures show a stark contrast between the current and previous periods for the company.

Results from continuing operations
(€ million, except as otherwise stated)		H2 2024		H2 2023
Net profit attributable to owners of the parent		(151)		7,673
Weighted average number of shares outstanding (000)		2,897,090

________________________________________________________________________________________________________________________________________________________________________________________

(*) Other activities, unallocated items, and eliminations

(A) Primarily related to workforce reductions and includes €243 million related to the new collective bargaining agreements in North America.

(B) Primarily related to past service costs arising from employee benefit plan amendments linked to new collective bargaining agreements in North America, totaling €671 million, which includes €243 million in restructuring and other costs, net of reversals, and €428 million for collective bargaining agreement costs.

(C) Reflects the impact of the December 2023 devaluation of the Argentine Peso due to new government economic policies, with effects of €(197) million on net revenues, €(147) million on cost of revenues, and €42 million on selling, general, and other costs.

(D) Pertains to impairments, particularly in research and development assets in China, India, and Asia Pacific, as well as certain platform assets in Enlarged Europe.

(E) Consists of net costs associated with reorganizing financial services activities in Europe.

(F) Involves reversal of provisions for litigation by certain patent owners concerning the use of technologies in prior periods.

(G) Mainly comprises gains from disposals of investments and fixed assets.

(H)Consisting of other adjustments that are individually non-significant.

Financial Insights: Share Compensation and Earnings Analysis

Number of shares deployable for share-based compensation (000)		3,078,195
Weighted average number of shares outstanding for diluted earnings per share (000)		2,921,004
Diluted earnings per share (A) (€/share)		(0.05)		2.47
Adjustments, per above		3,137
Tax impact on adjustments (A)		(483)
Unusual items related to income taxes		(2,266)
Total adjustments, net of taxes		388
Impact of adjustments above, net of taxes, on Diluted earnings per share from continuing operations (B) (€/share)

Financial Insights: A Closer Look at Adjusted Earnings and Cash Flows

Key Earnings Metrics Revealed

Adjusted Diluted Earnings Per Share (5) (€/share) (A+B)		0.13		0.32
Adjusted Diluted earnings per share		0.08		2.79

_____________________________________________________________________________________________________________________________________________

(A) Tax impact on adjustments is calculated based on the expected local country tax implications for each adjustment.

Comparing Operational Cash Flows

(€ million)		H2 2024		H2 2023
Cash Flows From Operating Activities		(881)		9,092
Less: Financial Services, Net of Inter-Segment Eliminations		(1,271)		(542)
Less: Capital Expenditures and Related Costs		5,323		4,835
Add: Proceeds from Disposal of Assets		140		426
Less: Net Proceeds from Financial Services Reorganization in Europe		—		68
Less: Contributions to Joint Ventures and Acquisitions		881		1,709

Stellantis Reports Mixed Financial Results Amid Strategic Changes

Financial metrics show fluctuations as restructuring impacts performance.

Add: Defined benefit pension contributions, net of tax		21		755
Industrial free cash flows (3)		(5,653)		4,203

NOTES

(1) Adjusted operating income/(loss) excludes from net profit/(loss) from continuing operations adjustments for restructuring, asset write-offs, disposals of investments, and unusual operating income/(expense). These items are seen as rare and do not reflect the Company’s ongoing performance. Also excluded are net financial expenses/(income) and tax expense/(benefit).

Unusual operating income/(expense) might arise from strategic decisions and events considered infrequent. For example, Stellantis’ adjustments to core operations and facility-related costs are included in this category.

(2) Adjusted operating income/(loss) margin is the ratio of adjusted operating income/(loss) to net revenues.

(3) Industrial free cash flows represents key cash metrics and is computed as cash flows from operating activities, minus cash flows from discontinued operations, investments in property and equipment, and contributions to joint ventures. It is adjusted for net intercompany payments and proceeds from asset disposals. Industrial free cash flows can be variable, influenced by cash management and payment timing, affecting employee bonuses tied to this metric.

(4) Combined shipments include vehicles shipped by both consolidated subsidiaries and unconsolidated joint ventures. Consolidated shipments focus solely on consolidating subsidiaries. Note that as of November 2023, China shipments from DPCA are excluded from combined shipments, and prior periods have not been restated.

(5) Adjusted diluted earnings per share (“EPS”) adjusts diluted EPS for the after-tax impact of items excluded from adjusted operating income and other infrequent tax items. This non-GAAP measure offers a more meaningful perspective on the Company’s performance.

(6) Industrial net financial position consists of debt and derivative liabilities related to industrial activities minus cash equivalents and certain financial receivables. This measurement excludes aspects tied to Stellantis’ financial services entities.

Rankings, market share, and industry information are collected from sources such as the Agence Nationale des Titres Sécurisés (ANTS), Associação Nacional dos Fabricantes de Veículos Automotores (ANFAVEA), Ministry of Infrastructure and Sustainable Mobility (MIMS), and S&P Global unless indicated otherwise.

For clarity, unless specified, industry and market shares discussed refer to passenger cars (PC) and light commercial vehicles (LCV):

• Enlarged Europe excludes Russia and Belarus; prior figures have been adjusted;
• Middle East & Africa exclude Iran, Sudan, and Syria;
• South America excludes Cuba;
• India & Asia Pacific covers major markets where Stellantis operates, including Japan, India, South Korea, Australia, New Zealand, and Southeast Asia;
• China focuses solely on passenger cars.

“`html

Stellantis Reports Sales Insights Amid Industry Changes

Overview of Maserati and Stellantis Sales Data

• Licensed sales from DPCA;
• Maserati data covers 17 key markets, compiled using S&P Global and internal sources.

Revised prior period figures now reflect up-to-date information from third-party industry sources.

EU30 includes EU 27 countries (excluding Malta), along with Iceland, Norway, Switzerland, and the UK.

Low emission vehicles (LEV) encompass battery electric (BEV), plug-in hybrid (PHEV), range-extender electric vehicles (REEV), and fuel cell electric vehicles (FCEV).

All reported BEV and LEV sales from Stellantis include models such as Citroën Ami, Opel Rocks-e, and Fiat Topolino; however, in regions where these vehicles qualify as quadricycles, they are excluded from Stellantis’s overall sales figures.

About Stellantis

Stellantis N.V. (NYSE: STLA / Euronext Milan: STLAM / Euronext Paris: STLAP) ranks among the top global automakers. The company aims to offer environmentally friendly, safe, and affordable mobility solutions. Stellantis’s diverse portfolio features renowned brands, including Abarth, Alfa Romeo, Chrysler, Citroën, Dodge, DS Automobiles, FIAT, Jeep® , Lancia, Maserati, Opel, Peugeot, Ram, Vauxhall, Free2move, and Leasys. The ongoing Dare Forward 2030 initiative aims for Stellantis to become a carbon net-zero mobility tech company by 2038, with only a small percentage of emissions left to offset. For further details, visit www.stellantis.com.

Contacts:

[email protected]

or

[email protected]

SAFE HARBOR STATEMENT

This document contains forward-looking statements, specifically regarding “FY 2025 Guidance.” These statements refer to anticipated financial performance and various company metrics, such as revenues and vehicle shipments. Terms such as “may,” “expect,” “should,” and “forecast” characterize these projections. However, these forward-looking statements do not guarantee future outcomes. Instead, they depend on the company’s current understanding, future expectations, and the dynamic nature of external factors.

Actual results could vary significantly from the predictions due to numerous factors. These include the company’s ability to successfully launch new products, maintain shipment volumes, and adapt to shifts in trade policy, global financial markets, and demand for vehicles. Additionally, the industry-wide transition towards full electrification poses challenges, notably in predicting market demand for electric vehicles.

Forward-looking statements are based on current assessments and should not be seen as future guarantees. Further details about risks that could impact the company’s financial results can be found in its reports with the U.S. Securities and Exchange Commission and AFM.

• EN-20250226-Stellantis-FY-2024-Results

This article was originally published on Quiver News; read the complete story.

The views expressed in this article reflect the author’s opinions and do not necessarily represent those of Nasdaq, Inc.

“`