STLA · Stellantis N.V.

Stellantis' Q1 2026 interim report shows significant improvement across key metrics compared to Q1 2025. Net revenues grew 6.5% to €38,132 million, driven by higher consolidated shipments of 1,361 thousand units (up from 1,217 thousand), reflecting stronger volume performance. The company swung to a net profit of €377 million from a €387 million loss, with adjusted operating income nearly tripling to €960 million, indicating better underlying profitability after excluding restructuring, impairments, and other unusual items. Adjusted diluted EPS improved to €0.21 from €0.04, providing a clearer view of ongoing earnings quality. Cash generation also strengthened, with industrial free cash flows narrowing to -€1,921 million from -€3,036 million, supported by operational cash use of -€2,718 million. Balance sheet remains solid, with industrial net financial position at €9,511 million (up from €6,694 million at year-end 2025) and total available liquidity at €48,278 million. No ordinary dividend was declared for Q1 2026, down from €0.68 per share last year. The report includes a detailed table of contents for financial statements and notes, covering segments, liquidity, and risks, with management discussion highlighting these non-GAAP measures for operational assessment. Forward-looking statements note risks like shipment volumes, economic cyclicality, and EV demand, but no specific numerical guidance is provided in the disclosed content.