STLA · Stellantis N.V.

Stellantis N.V. delivered a strong turnaround in Q1 2026, swinging to a GAAP operating income of €688 million from a €316 million loss in Q1 2025, driven by higher net revenues of €38,132 million, up from €35,813 million, primarily in Industrial activities (€37,028 million vs. €35,171 million). Adjusted operating income further highlighted operational improvements at €960 million versus €327 million prior year. Net profit reached €377 million, reversing a €387 million loss, supported by better profitability in both Industrial (€377 million) and Financial services (€120 million, adjusted for intersegment). Cost of revenues increased to €33,703 million but was outpaced by revenue growth, while selling, general and other costs declined slightly to €2,302 million. Research and development costs remained stable at €1,440 million. Balance sheet strengthened with total assets at €207,417 million (up from €195,153 million at December 31, 2025), equity at €60,946 million, and cash at €31,950 million. Debt stood at €47,919 million. Cash flows reflected heavy operating outflow of €2,718 million, offset by robust financing inflow of €5,524 million including €4,928 million hybrid notes issuance, yielding net cash increase of €1,804 million. Figures include intersegment transactions; reconciliations in Interim Report.