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Stellantis (STLA) swings to €377M profit in Q1 2026 update

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Rhea-AI Filing Summary

Stellantis N.V. reports a return to profitability for the three months ended March 31, 2026, based on supplemental unaudited figures. Net revenues rose to €38,132 million from €35,813 million a year earlier, driven by Industrial activities.

Net profit reached €377 million for Stellantis, compared with a net loss of €387 million in the prior-year period, while operating income improved to €688 million from a loss of €316 million. Adjusted operating income increased to €960 million, with €809 million from Industrial activities and €151 million from Financial services.

Total assets increased to €207,417 million at March 31, 2026, with equity of €60,946 million and debt of €47,919 million. Net cash and cash equivalents were €31,950 million, slightly below €32,780 million a year earlier, as operating activities used €2,718 million of cash while financing activities provided €5,524 million, including €4,928 million from issuance of hybrid perpetual notes.

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Insights

Stellantis swings from loss to profit with stronger Q1 margins.

Stellantis shows a notable turnaround, moving from a net loss of €387 million in Q1 2025 to a net profit of €377 million in Q1 2026. Operating income improved from a loss of €316 million to a positive €688 million, while adjusted operating income rose to €960 million.

Revenue grew to €38,132 million, and both Industrial activities and Financial services contributed positively to adjusted operating income. The balance sheet expanded to total assets of €207,417 million, equity of €60,946 million, and debt of €47,919 million, indicating a larger capital base.

Cash generation from operations was negative at €2,718 million, but this was offset by financing inflows of €5,524 million, including €4,928 million of hybrid perpetual notes issued in Q1 2026. Investors may focus on whether future quarters sustain the improved profitability while normalizing working capital and operating cash flows in subsequent reporting periods.

Net revenues Q1 2026 €38,132 million Stellantis consolidated net revenues for three months ended March 31, 2026
Net profit Q1 2026 €377 million Stellantis consolidated net profit for three months ended March 31, 2026
Adjusted operating income Q1 2026 €960 million Company-level adjusted operating income for three months ended March 31, 2026
Debt at March 31, 2026 €47,919 million Total Stellantis debt on statement of financial position at March 31, 2026
Equity at March 31, 2026 €60,946 million Total Stellantis equity on statement of financial position at March 31, 2026
Net cash and cash equivalents €31,950 million Stellantis net cash and cash equivalents at end of period, March 31, 2026
Operating cash flow Q1 2026 €2,718 million outflow Net cash used in operating activities for three months ended March 31, 2026
Hybrid perpetual notes issued €4,928 million Issuance of hybrid perpetual notes in financing activities in Q1 2026
Adjusted operating income financial
"Adjusted operating income/(loss) (1)(2) | | 960 | | | 809 | | | 151"
Adjusted operating income is a company's profit from its main activities, excluding certain one-time or unusual costs and gains. It helps investors see how well the business is performing in its normal operations, without distractions from rare events or expenses. This way, they get a clearer picture of the company’s true profitability.
equity method investees financial
"Share of the profit/(loss) of equity method investees | | 111"
Equity method investees are companies in which an investor owns a substantial minority stake and can influence decisions but does not control them, typically through holding around 20–50% of voting shares. The investor records its share of the investee’s profits or losses on its own income statement and adjusts the carrying value of the investment, similar to reporting your share of profits from a jointly owned shop. For investors, these holdings matter because they affect reported earnings, balance-sheet exposure, and the firm’s economic risk without full consolidation of the investee’s assets and liabilities.
hybrid perpetual notes financial
"Issuance/(repayment) of hybrid perpetual notes | | 4,928"
Hybrid perpetual notes are long-term securities that blend features of loans and shares: they typically pay higher regular coupons like bonds but have no fixed maturity date and can be treated like equity in times of financial stress, meaning payments can be skipped or principal can be written down. They matter to investors because they offer higher yields in exchange for greater risk — think of lending money that might never be repaid on schedule and could absorb losses like an ownership stake — which affects a company’s credit profile and the safety of other creditors.
Industrial activities financial
"Stellantis | | Industrial activities | | Financial services"
Industrial activities are the hands-on processes a business uses to make, assemble, extract or process physical goods—think factories, mines, power plants and related logistics. Investors care because these activities drive a company’s production capacity, costs, and exposure to supply‑chain, safety, environmental and regulatory risks; like the engine and fuel of a vehicle, how efficiently and safely that engine runs affects performance, profitability and future growth.
Financial services financial
"Net revenues | | 38,132 | | | 37,028 | | | 1,206"
assets sold with a buy-back commitment financial
"Assets sold with a buy-back commitment | | 3,871"
Form 6-K: How Foreign Companies Report to the SEC →


UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
_______________________________
FORM 6-K
_______________________________
REPORT OF FOREIGN PRIVATE ISSUER
PURSUANT TO RULE 13a-16 OR 15d-16 OF
THE SECURITIES EXCHANGE ACT OF 1934
For the month of April 2026
Commission File No. 001-36675
_______________________________
STELLANTIS N.V.
(Translation of Registrant’s Name Into English)

_______________________________
Taurusavenue 1
2132 LS Hoofddorp
The Netherlands
Tel. No.: +31 23 700 1511
(Address of Principal Executive Offices)
_______________________________

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.
Form 20-F x Form 40-F o
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule101(b)(1): o
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule101(b)(7): o














The following exhibit is furnished herewith:
Exhibit 99.1    Stellantis N.V. Supplemental Information as of and for the three months ended March 31, 2026
















SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

Date: April 30, 2026
STELLANTIS N.V.
By:
/s/ Joao Laranjo
Name: Joao Laranjo
Title: Chief Financial Officer






Index of Exhibits

Exhibit
Number    Description of Exhibit

99.1        Stellantis N.V. Supplemental Information as of and for the three months ended March 31, 2026

    





stellantislogoa.jpg
Exhibit 99.1
Income Statement by activity
Unaudited
Three months ended March 31,
20262025
(€ million)StellantisIndustrial activitiesFinancial servicesStellantisIndustrial activitiesFinancial services
Net revenues
38,132 37,028 1,206 35,813 35,171 720 
Cost of revenues
33,703 32,749 1,056 32,188 31,679 587 
Selling, general and other costs
2,302 2,213 89 2,346 2,253 93 
Research and development costs
1,440 1,440 — 1,433 1,433 — 
Gains/(losses) on disposal of investments
(12)(12)— (2)(2)— 
Restructuring costs
98 98 — 123 123 — 
Share of the profit/(loss) of equity method investees111 21 90 (37)(126)89 
Operating income/(loss)(1)
688 537 151 (316)(445)129 
Net financial expenses/(income)
150 150 — 97 97 — 
Profit/(loss) before taxes
538 387 151 (413)(542)129 
Tax expense/(benefit)
161 130 31 (26)13 (39)
Result from intersegment investments— 120 — — 168 
Net profit/(loss)
377 377 120 (387)(387)168 
Adjusted operating income/(loss)(1)(2)
960 809 151 327 202 125 
______________________________________________________________________________________________________________________________________________
Figures presented for Industrial activities and Financial services include intersegment transactions
(1) Refer to the Stellantis N.V. Interim Report for the three months ended March 31, 2026 - Non-GAAP Financial Measures
(2) The reconciliation of Net profit to Adjusted operating income for the Company is included in the Stellantis N.V. Interim Report for the three months ended March 31, 2026 - Management discussion and analysis - Company results

stellantislogoa.jpg
Statement of Financial Position by activity
Unaudited
At March 31, 2026At December 31, 2025
(€ million)StellantisIndustrial activitiesFinancial servicesStellantisIndustrial activitiesFinancial services
Assets
Goodwill and intangible assets with indefinite useful lives29,766 29,633 133 29,176 29,046 130 
Other intangible assets
15,533 15,363 170 15,709 15,540 169 
Property, plant and equipment
44,912 32,419 12,493 42,958 32,108 10,850 
Equity method investments
7,493 12,646 3,639 7,276 12,336 3,516 
Deferred tax assets
6,507 6,428 79 6,383 6,297 86 
Inventories
24,960 24,875 85 22,153 22,080 73 
Assets sold with a buy-back commitment3,871 3,871 — 3,616 3,616 — 
Trade receivables 6,563 6,790 116 5,662 5,812 115 
Tax receivables 1,578 1,554 36 1,393 1,464 53 
Other assets and prepaid expenses30,612 16,158 17,432 26,895 13,773 15,937 
Financial assets3,667 3,112 555 3,781 3,235 546 
Cash and cash equivalents 31,950 29,615 2,335 30,146 28,198 1,948 
Assets held for sale5 5 — 5 5 — 
TOTAL ASSETS
207,417 182,469 37,073 195,153 173,510 33,423 
Equity and Liabilities
Equity60,946 60,946 8,747 54,001 54,001 8,576 
Employee benefits liabilities5,261 5,257 4 5,312 5,308 4 
Provisions 31,015 30,890 125 32,913 32,809 104 
Deferred tax liabilities 1,250 818 432 1,294 874 420 
Debt 47,919 24,266 26,414 45,947 25,630 23,035 
Trade payables 33,898 34,019 313 29,999 30,082 211 
Other financial liabilities19 12 7 36 19 17 
Tax liabilities930 885 57 911 826 209 
Other liabilities 26,179 25,376 974 24,740 23,961 847 
Liabilities held for sale— — — — — — 
TOTAL EQUITY AND LIABILITIES
207,417 182,469 37,073 195,153 173,510 33,423 
________________________________________________________________________________________________________________________________________________
Figures presented for Industrial activities and Financial services include intersegment transactions


stellantislogoa.jpg
Statement of Cash Flows by activity
Unaudited
Three months ended March 31,


20262025
(€ million)StellantisIndustrial activitiesFinancial servicesStellantisIndustrial activitiesFinancial services
Profit/(loss) before taxes 538 507 151 (413)(374)129 
Adjustments for non-cash items:
depreciation and amortization1,569 1,558 11 1,879 1,866 13 
other non-cash items629 560 69 426 373 53 
(gains)/losses on disposals9 9 — (51)(51)— 
share of the profit/(loss) of equity method investees(111)(141)(90)37 (42)(89)
Change in provisions and employee benefits liabilities(2,167)(2,172)5 (1,270)(1,278)8 
Change in carrying amount of leased vehicles(1,273)94 (1,367)(1,535)15 (1,550)
Net change in receivables related to financial services activities(1,085)— (1,085)(825)— (825)
Dividends received75 163 2 2 — 2 
Income tax received/(paid), net(209)(168)(41)(158)(88)(70)
Changes in working capital
(693)(635)(58)(938)(926)(12)
Net cash from/(used in) operating activities(2,718)(225)(2,403)(2,846)(505)(2,341)
Proceeds from disposal of shares in consolidated companies and of investments in non-consolidated companies10 (16)26 39 — 39 
Acquisitions of consolidated subsidiaries and equity method and other investments(67)(83)(29)(24)(24)— 
Proceeds from disposals of property, plant and equipment and intangible assets16 16 — 131 131 — 
Investments in property, plant and equipment and intangible assets(1,348)(1,339)(9)(2,329)(2,321)(8)
Change in amounts payable on property, plant and equipment and intangible assets(282)(282)— (328)(328)— 
Changes in loans to joint ventures and associates(108)(108)— 289 289 — 
Change in securities465 387 78 1,177 1,214 (37)
Other changes(1)(2)1 39 4 35 
Net cash from/(used in) investing activities(1,315)(1,427)67 (1,006)(1,035)29 
Distributions paid— — (90)— — — 
Proceeds from issuance of shares— — — — — — 
(Purchases)/sales of treasury shares— — — — — — 
Changes in debt and other financial assets and liabilities631 (2,095)2,771 2,658 176 2,482 
Issuance/(repayment) of hybrid perpetual notes4,928 4,928 — — — — 
Other changes(35)(35)— — 2 (2)
Net cash from/(used in) financing activities5,524 2,798 2,681 2,658 178 2,480 
Effect of changes in exchange rates313 271 42 (294)(306)12 
(Increase)/decrease in cash and cash equivalents included in asset held for sale— — — 168 166 2 
Increase/(decrease) in cash and cash equivalents1,804 1,417 387 (1,320)(1,502)182 
Net cash and cash equivalents at beginning of period30,146 28,198 1,948 34,100 32,409 1,691 
NET CASH AND CASH EQUIVALENTS AT END OF PERIOD31,950 29,615 2,335 32,780 30,907 1,873 
________________________________________________________________________________________________________________________________________________
Figures presented for Industrial activities and Financial services include intersegment transactions



Source: View Original Filing on SEC EDGAR

FAQ

How did Stellantis (STLA) perform financially in Q1 2026?

Stellantis reported a net profit of €377 million in Q1 2026, compared with a net loss of €387 million a year earlier. Net revenues increased to €38,132 million, and operating income improved to €688 million, indicating a strong recovery in core profitability.

What were Stellantis (STLA) revenues by activity in Q1 2026?

In Q1 2026, Stellantis generated €38,132 million in net revenues, with Industrial activities providing €37,028 million and Financial services €1,206 million. This compares with €35,813 million total revenues in Q1 2025, reflecting growth mainly in the Industrial segment.

How did Stellantis (STLA) adjusted operating income change in Q1 2026?

Adjusted operating income rose to €960 million in Q1 2026 from €327 million a year earlier. Industrial activities contributed €809 million and Financial services €151 million, showing a broad improvement in underlying performance across both major operating segments.

What is Stellantis (STLA) balance sheet position as of March 31, 2026?

As of March 31, 2026, Stellantis reported €207,417 million in total assets, equity of €60,946 million, and debt of €47,919 million. Cash and cash equivalents stood at €31,950 million, providing substantial liquidity alongside a higher overall asset base versus December 31, 2025.

How did Stellantis (STLA) cash flows evolve in Q1 2026?

In Q1 2026, net cash from operating activities was a €2,718 million outflow, while investing activities used €1,315 million. Financing activities provided €5,524 million, largely due to €4,928 million of hybrid perpetual notes issuance, leading to a net cash increase of €1,804 million.

What role did hybrid perpetual notes play for Stellantis (STLA) in Q1 2026?

Stellantis issued €4,928 million of hybrid perpetual notes in Q1 2026, recorded in financing cash flows. This issuance significantly boosted net cash from financing activities and contributed to the overall increase in cash and cash equivalents during the quarter.

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