Slide 1: FY 2025 Results
FY 2025 RESULTS Dodge Charger SIXPACK
Slide 2: Safe Harbor Statement
SAFE HARBOR STATEMENT This document, in particular references to “FY 2026 Financial Guidance”, contains forward looking statements. In particular, statements regarding future financial performance and the Company’s expectations as to the achievement of certain targeted metrics, including revenues, i
Slide 3: Stage Now Set to Support Strong Execution in 2026
Stage Now Set to Support Strong Execution in 2026 Return to Top-Line Decisive Reset Enables Progressive Performance Growth in H2 '25 Profitable Growth Improvement in 2026 Jeep® Cherokee FEBRUARY 26, 2026 FY 2025 RESULTS | 3
Slide 4: Agenda
AGENDA Executive Summary................................ Page 5 Financial Review....................................... Page 6 2026 Guidance.......................................... Page 14 CEO Update............................................... Page 15 Investor Day 2026..........................
Slide 5: FY 2025 Executive Summary: Return to Top-Line Growth
FY 2025 EXECUTIVE SUMMARY FY '25 Reset Year Brings Encouraging Progress in H2 '25 Commercial Momentum Building Return to Challenging Results with €153.5B with H2 '25 Net Revenues and IFCF Encouraging signs in NA with sequential Top-Line Growth in Net Revenues, €(842.0)M of AOI delivering improvement
Slide 6: Financial Review
Fiat 500 Hybrid Fiat Grande Panda Financial Review FEBRUARY 26, 2026 FY 2025 RESULTS | 6
Slide 7: Financial Review: FY 2025 Overview
FINANCIAL REVIEW: FY 2025 OVERVIEW Shipments Net Revenues AOI Margin* Adjusted Diluted EPS* Industrial FCF* (Consolidated) 5.5M €153.5B -0.5% -€0.42 -€4.5B +1% -2% -600 bps -117% +€1.5B Improvement driven by Driven by FX headwinds and Driven by a combination of Driven largely by the Improvement driv
Slide 8: Financial Review: Group Net Revenue Walks
FINANCIAL REVIEW: GROUP NET REVENUE WALKS € billion FY 2025 NET REVENUES FY '25 VS. FY '24 -2.1% 156.9 3.8 0.7 153.5 • Volume & Mix +2% y-o-y mainly due to increases in SA, NA and MEA, partially offset by decreases in EE (2.0) (5.9) and Maserati volumes • Vehicle Net Price -1% y-o-y driven principal
Slide 9: Financial Review: Group AOI Walk - H2 2025
FINANCIAL REVIEW: GROUP AOI WALK - H2 2025 • Volume & Mix up €0.9B, improvement driven primarily H2 2025 ADJUSTED OPERATING INCOME* by NA-led shipment growth € million unless otherwise stated % = AOI Margin* • Vehicle Net Price up €0.2B, primarily driven by positive pricing actions in NA and MEA, pa
Slide 10: Financial Review: Industrial AOI to IFCF Walk
FINANCIAL REVIEW: INDUSTRIAL AOI TO IFCF WALK Industrial AOI* to Industrial FCF Bridge € million FY 2025 FY 2024 H2 2025 H2 2024 FY 2025 vs. FY 2024 Industrial Adj. Operating Income (782) 8,160 (1,066) (63) • Industrial Free Cash Flow improvement of €1.5B due largely to improved working Depreciation
Slide 11: Financial Review: New Vehicle Inventory
FINANCIAL REVIEW: NEW VEHICLE INVENTORY Company Inventory EE+NA Order Portfolio Independent dealers 000 units 1,252 1,278* +46% 1,191 1,210 1,207 290 224 333 298 363 967 909 988 877 889 Dec 31 '24 Mar 31 '25 Jun 30 '25 Sep 30 '25 Dec 31 '25 Dec '24 Jun '25 Dec '25 Total inventory remains well manage
Slide 12: Financial Review: H2 2025 Segment Highlights
FINANCIAL REVIEW: H2 2025 SEGMENT HIGHLIGHTS H2 '25 Delivers Y-o-Y Shipment Improvement Across All Regions NORTH AMERICA ENLARGED EUROPE MIDDLE EAST & AFRICA Shipments: 0.8M +39% Shipments: 1.2M +1% Shipments: 228k +9% Net Revenues: €32.8B +31% Net Revenues: €28.5B -2% Net Revenues: €4.8B -6% AOI: €
Slide 13: Financial Review: Key Group Metrics
FINANCIAL REVIEW: KEY GROUP METRICS FY 2025 vs. € million, except as otherwise stated FY 2025 FY 2024 FY 2024 (1) Combined Shipments (000 units) 5,573 5,526 1% • Operating Income down y-o-y, (1) Consolidated Shipments (000 units) 5,484 5,415 1% driven by unusual charges of €25.4B, related mainly to
Slide 14: 2026 Financial Guidance
FINANCIAL REVIEW: GUIDANCE 2026 Financial Guidance AOI Considerations: Net Revenues Mid-Single Digit % Increase • Revenue growth reflects recently expanded product portfolio • Pricing trends, outside of hyper-inflationary countries, projected at neutral to nominally positive • Estimated €1.6B in net
Slide 15: CEO Update
CEO UPDATE New Jeep® Grand Wagoneer FEBRUARY 26, 2026 FY 2025 RESULTS | 15
Slide 16: Return to Top-Line Growth in H2 2025
RETURN TO TOP-LINE GROWTH IN H2 2025 FEBRUARY 26, 2026 FY 2025 RESULTS | 16
Slide 17: North America Strong Discipline on Inventory & Pricing
H2 '25: RETURN TO GROWTH North America Strong Discipline on Inventory & Pricing Total Inventory Net Revenue Y-o-Y Pricing Impact Net Revenues 000 units € billion 522 2% 38.4 382 395 32.8 338 28.2 25.1 (1)% (3)% (5)% Jun '24 Dec '24 Jun '25 Dec '25 H1 '24 H2 '24 H1 '25 H2 '25 H1 '24 H2 '24 H1 '25 H2
Slide 18: Executing Against Clear Focus Priorities
H2 '25: RETURN TO GROWTH Executing Against Clear Focus Priorities Growth ✔ Execution ✔ Profitability ✔ • Launched 10 all-new products in 2025 • Maintained strong inventory • HEMI® V-8 adding accretive discipline profitability for each unit sold • HEMI® V-8 returned to Ram 1500 • Reset quality organi
Slide 19: Driving Progress in EE+NA; Maintaining Strong Delivery in SA+MEA
H2 '25: RETURN TO GROWTH Driving Progress in EE+NA; Maintaining Strong Delivery in SA+MEA EE+NA Net Revenues(1) EE+NA Order Portfolio RoW Net Revenues(1) +13% +46% STEADY H2 '24 H1 '25 H2 '25 Dec '24 Jun '25 Dec '25 H2 '24 H1 '25 H2 '25 (1) Represents the aggregation of North America and Enlarged Eu
Slide 20: Steady Progress Improving Industrial Free Cash Flow
H2 '25: RETURN TO GROWTH Steady Progress Improving Industrial Free Cash Flow H2 '24 - H2 '25 2026 2027 € million H2 '24 H1 '25 H2 '25 • FY '26 IFCF expected to • FY '27 IFCF expected to improve from FY '25 return to positive results • Projection is inclusive of (1,520) • Projection is inclusive of p
Slide 21: Decisive Reset Enables Profitable Growth
DECISIVE RESET ENABLES PROFITABLE GROWTH FEBRUARY 26, 2026 FY 2025 RESULTS | 21
Slide 22: FEBRUARY 26, 2026 FY 2025 RESULTS | 22
FEBRUARY 26, 2026 FY 2025 RESULTS | 22
Slide 23: Decisive Reset for Profitable Growth
DECISIVE RESET ENABLES PROFITABLE GROWTH Decisive Reset for Profitable Growth • Resetting organization by empowering regional teams, to accelerate decisions and maximize execution rigor • Resetting stakeholder relationships, including with dealers, suppliers, institutions and unions • Resetting prod
Slide 24: Progressive Performance Improvement in 2026
PROGRESSIVE PERFORMANCE IMPROVEMENT IN 2026 FEBRUARY 26, 2026 FY 2025 RESULTS | 24
Slide 25: Addressing 'White-Space' Product Opportunities for 2026
PROGRESSIVE PERFORMANCE IMPROVEMENT IN 2026: NEW PRODUCTS CATALYZE GROWTH Addressing 'White-Space' Product Opportunities for 2026 H1 '26 Launches Ram 1500 SRT TRX Jeep® Recon Jeep® Grand Wagoneer Fiat Grande Panda ICE H2 '25 Launches Ram 1500 HEMI® V-8 Ram 1500 Express Ram Dakota (South America) Dod
Slide 26: FEBRUARY 26, 2026 FY 2025 RESULTS | 26
FEBRUARY 26, 2026 FY 2025 RESULTS | 26
Slide 27: FEBRUARY 26, 2026 FY 2025 RESULTS | 27
FEBRUARY 26, 2026 FY 2025 RESULTS | 27
Slide 28: FEBRUARY 26, 2026 FY 2025 RESULTS | 28
FEBRUARY 26, 2026 FY 2025 RESULTS | 28
Slide 29: FEBRUARY 26, 2026 FY 2025 RESULTS | 29
FEBRUARY 26, 2026 FY 2025 RESULTS | 29
Slide 30: North America Update
PROGRESSIVE PERFORMANCE IMPROVEMENT IN 2026: NORTH AMERICA North America Update H2 '25 Progress Points: • Increased total sales 4% y-o-y and market share +0.2ppts y-o-y and +0.6ppts from H1 '25, driven by strong truck and SUV performance • Total order book up ~150% y-o-y at Dec 31 '25 • Filled white
Slide 31: Enlarged Europe Update
PROGRESSIVE PERFORMANCE IMPROVEMENT IN 2026: ENLARGED EUROPE Enlarged Europe Update H2 '25 Highlights: • Overall Enlarged Europe #2 market share position • EU30 Leader: ◦ B-segment PC in EU30 with 23.2% market share, up 280 bps y-o-y ◦ LCV in EU30 with 27.4% market share, down 230 bps y-o-y • Custom
Slide 32: South America, Middle East & Africa, China & IAP
PROGRESSIVE PERFORMANCE IMPROVEMENT IN 2026: OTHER REGIONS UPDATE Ram Dakota Fiat Grande Panda Citroën C5 Aircross South America Middle East & Africa China & IAP H2 '25 Progress Points: H2 '25 Progress Points: H2 '25 Progress Points: • Maintains market share leadership • Improved market share up 0.7
Slide 33: Investor Day 2026 Registration
Click here to register FY 2025 RESULTS | 33 FEBRUARY 26, 2026
Slide 34: Stage Now Set to Support Strong Execution in 2026
Stage Now Set to Support Strong Execution in 2026 Return to Top-Line Decisive Reset Enables Progressive Performance Growth in H2 '25 Profitable Growth Improvement in 2026 Jeep® Cherokee FEBRUARY 26, 2026 FY 2025 RESULTS | 34
Slide 35: Appendix
APPENDIX Fiat Qubo L FEBRUARY 26, 2026 FY 2025 RESULTS | 35
Slide 36: Definitions and Notes to Presentation
DEFINITIONS AND NOTES TO PRESENTATION For purposes of this presentation, and unless otherwise stated: NA = North America, U.S. = United States, EE = Enlarged Europe, EU = European Union, UK = United Kingdom, SA = South America, MEA = Middle East & Africa, IAP = India & Asia Pacific EU30 = EU 27 (exc
Slide 37: Non-GAAP Financial Measures (1 of 2)
NON-GAAP FINANCIAL MEASURES (1 of 2) Stellantis monitors its operations through the use of several non-generally accepted accounting principles (non-GAAP) financial measures. Company management believes that these non-GAAP financial measures provide useful and relevant information regarding our oper
Slide 38: Non-GAAP Financial Measures (2 of 2)
NON-GAAP FINANCIAL MEASURES (2 of 2) • Effective H1 2025, two types of cash flows were reclassified to cash flows from operating activities: (i) the net change in receivables related to financial services activities have been reclassified from investing activities as these are part of our principal
Slide 39: Full Year Key Commercial Metrics
FULL YEAR KEY COMMERCIAL METRICS COMBINED SALES 000 units 5,567 5,685 2,453 2,577 FY 2025 1,466 1,527 994 916 541 538 FY 2024 62 65 39 46 11 15 NORTH ENLARGED MIDDLE EAST SOUTH INDIA & TOTAL CHINA AMERICA EUROPE & AFRICA AMERICA ASIA PACIFIC MARKET SHARE (1) 7.3% 7.8% 15.1% 16.3% 12.2% 12.4% 22.6% 2
Slide 40: H2 Key Commercial Metrics
H2 KEY COMMERCIAL METRICS COMBINED SALES 000 units 2,752 2,693 1,121 1,119 763 736 H2 2025 518 512 296 266 H2 2024 34 33 17 21 5 6 NORTH ENLARGED MIDDLE EAST SOUTH INDIA & TOTAL CHINA AMERICA EUROPE & AFRICA AMERICA ASIA PACIFIC MARKET SHARE (1) 7.6% 7.4% 14.1% 15.0% 12.4% 11.7% 21.8% 23.1% 0.4% 0.4
Slide 41: H2 Key Financial Metrics
H2 KEY FINANCIAL METRICS H2 2025 vs. € million, except as otherwise stated H2 2025 H2 2024 H2 2024 Combined Shipments(1) (000 units) 2,883 2,595 11% Consolidated Shipments(1) (000 units) 2,820 2,543 11% Net Revenues 79,247 71,861 10% Operating Income (23,544) (2,952) n.m. Net Financial Expenses 191
Slide 42: Group Adj Operating Income Walk
FINANCIAL REVIEW: GROUP ADJ OPERATING INCOME WALK € million FY 2025 ADJUSTED OPERATING INCOME* % = AOI Margin* 8,648 5.5% (2,188) (2,048) (2,131) (245) (8) (0.5%) (2,870) (842) FY 2024 Volume & Mix Vehicle Net Price Industrial SG&A R&D FX & Other FY 2025 * Refer to Appendix for definitions of supple
Slide 43: North America
RESULTS REFLECT IMPACTS OF FX, WARRANTY ADJ AND NEGATIVE MIX; VOLUME ON THE RISE Shipments Net Revenues AOI & Margin (€ billion) 1,472 (000 units) 1,432 (€ million) 2,660 61.0 63.5 4.2% -3.1% 15.4% 16.4% (1,892) FY '25 FY '24 FY '25 FY '24 FY '25 FY '24 • Up 3%, mainly due to increase in Ram LD • Do
Slide 44: Enlarged Europe
RESULTS REFLECT IMPACT OF COMPETITIVE PRICING PRESSURES Shipments Net Revenues AOI & Margin (000 units) (€ billion) (€ million) 2,490 2,576 57.8 59.0 2,419 4.1% 9.8% 9.8% -1.1% (651) FY '25 FY '24 FY '25 FY '24 FY '25 FY '24 ENLARGED EUROPE • Down 3%, mainly due to lower shipments of • Down 2%, due
Slide 45: Middle East & Africa
DEEP LOCALIZATION BRINGS OPPORTUNITY FOR GROWTH DESPITE COMPETITIVE ENVIRONMENT Combined Net Revenues AOI & Margin (€ billion) Shipments 9.7 10.1 (€ million) 1,901 (000 units) 1,429 542 534 89 111 14.7% 18.8% 453 423 FY '25 FY '24 MIDDLE EAST & AFRICA FY '25 FY '24 FY '25 FY '24 • Consolidated Shipm
Slide 46: South America
SUSTAINED LEADERSHIP IN REGION DRIVES CONSISTENT PERFORMANCE Shipments Net Revenues AOI & Margin (000 units) (€ billion) (€ million) 2,272 1,000 912 16.2 15.9 1,963 14.3% 12.1% FY '25 FY '24 FY '25 FY '24 FY '25 FY '24 • Up 10%, driven primarily by increased • Up 2%, driven by increased volume, main
Slide 47: China and India & Asia Pacific; Maserati
CHALLENGING ENVIRONMENT CONTINUES, SLIGHT INCREASE IN AOI CHINA AND INDIA & ASIA PACIFIC MASERATI China and India & Asia Pacific • Improved results due to better FY 2025 FY 2025 mix, mainly driven by higher RAM vs. vs. sales and fixed cost containment, € million, except as otherwise stated FY 2025 F
Slide 48: H2 2025 Results: North America and Enlarged Europe
H2 2025 RESULTS NORTH AMERICA ENLARGED EUROPE Shipments Net Revenues Shipments Net Revenues (000 units) (€ billion) (000 units) (€ billion) 825 32.8 28.5 29.0 1,201 1,189 594 25.1 H2 '25 H2 '24 H2 '25 H2 '24 H2 '25 H2 '24 H2 '25 H2 '24 € million % = Adjusted Operating Income Margin ADJUSTED OPERATIN
Slide 49: H2 2025 Results: Middle East & Africa and South America
H2 2025 RESULTS MIDDLE EAST & AFRICA SOUTH AMERICA Combined Net Revenues Shipments Net Revenues Shipments (€ billion) 5.1 529 (000 units) 518 (€ billion) 8.5 (000 units) 4.8 8.4 291 261 63 52 228 209 H2 '25 H2 '24 H2 '25 H2 '24 H2 '25 H2 '24 H2 '25 H2 '24 ADJUSTED OPERATING INCOME ADJUSTED OPERATING
Slide 50: H2 2025 Results: China and IAP, Maserati
H2 2025 RESULTS CHINA AND INDIA & ASIA PACIFIC MASERATI € million, except as otherwise stated H2 2025 H2 2024 H2 2025 H2 2024 Combined Shipments(1) (000 units) 33 29 14% n.a. n.a. n.a. Consolidated Shipments(1) (000 units) 33 29 14% 3.7 4.8 (23)% Net Revenues 945 921 3% 357 409 (13)% Adjusted Operat
Slide 51: Reconciliation of Net Revenues from External Customers to Net Revenues
RECONCILIATION OF NET REVENUES FROM EXTERNAL CUSTOMERS TO NET REVENUES FY 2025 China and North Enlarged Middle East South India & Asia € million America Europe & Africa America Pacific Maserati Other(1) Stellantis Net Revenues from External Customers 60,962 57,602 9,708 16,031 1,867 726 6,612 153,50
Slide 52: Reconciliation of Net Revenues from External Customers to Net Revenues
RECONCILIATION OF NET REVENUES FROM EXTERNAL CUSTOMERS TO NET REVENUES FY 2024 China and North Enlarged Middle East South India & Asia € million America Europe & Africa America Pacific Maserati Other(1) Stellantis Net Revenues from External Customers 63,449 58,844 10,109 15,883 1,991 1,038 5,564 156
Slide 53: Reconciliation of Net Profit to Adjusted Operating Income
RECONCILIATION OF NET PROFIT TO ADJUSTED OPERATING INCOME FY 2025 China and India Middle East & & € million North America Enlarged Europe Africa South America Asia Pacific Maserati Other (*) Stellantis Net Profit (22,332) Tax Expense (4,273) Net Financial Expenses/(Income) 351 Operating Income (26,2
Slide 54: Reconciliation of Net Profit to Adjusted Operating Income
RECONCILIATION OF NET PROFIT TO ADJUSTED OPERATING INCOME H2 2025 Middle East & China and India & € million North America Enlarged Europe Africa South America Asia Pacific Maserati Other (*) Stellantis Net Profit/(Loss) (20,076) Tax Expense/(Benefit) (3,659) Net Financial Expenses/(Income) 191 Opera
Slide 55: Reconciliation of Net Profit to Adjusted Operating Income
RECONCILIATION OF NET PROFIT TO ADJUSTED OPERATING INCOME FY 2024 China and India Enlarged Middle East & & € million North America Europe Africa South America Asia Pacific Maserati Other (*) Stellantis Net Profit 5,520 Tax Expense (1,488) Net Financial Expenses/(Income) (345) Operating Income 3,687
Slide 56: Reconciliation of Net Profit to Adjusted Operating Income
RECONCILIATION OF NET PROFIT TO ADJUSTED OPERATING INCOME H2 2024 Enlarged Middle East & China and India € million North America Europe Africa South America & Asia Pacific Maserati Other (*) Stellantis Net Profit (127) Tax Expense (2,830) Net Financial Expenses/(Income) 5 Operating Income (2,952) Ad
Slide 57: Reconciliation of Diluted EPS to Adjusted Diluted EPS
RECONCILIATION OF DILUTED EPS TO ADJUSTED DILUTED EPS € million, except as otherwise stated FY 2025 FY 2024 H1 2025 H1 2024 H2 2025 H2 2024 Net profit attributable to owners of the parent (22,368) 5,473 (2,240) 5,624 (20,128) (151) Weighted average number of shares outstanding (000) 2,886,684 2,949,
Slide 58: Reconciliation of Cash Flows from Operating Activities to Industrial Free Cash Flows
RECONCILIATION OF CASH FLOWS FROM OPERATING ACTIVITIES TO INDUSTRIAL FREE CASH FLOWS € million H2 2025 H2 2024 FY 2025 FY 2024 Cash Flows from Operating Activities(1) (2,363) (2,435) (4,650) 1,535 Less: Financial Services, Net of Inter-Segment Eliminations (5,303) (2,825) (9,700) (5,209) Less: Capit
Slide 59: Reconciliation of Debt to Industrial Net Financial Position
RECONCILIATION OF DEBT TO INDUSTRIAL NET FINANCIAL POSITION € million Dec 31 2025 Jun 30 2025 Dec 31 2024 Debt (45,947) (40,799) (37,227) Current Financial Receivables from Jointly-Controlled Financial Services Companies 603 1,371 674 Derivative Financial Assets/(Liabilities), Net and Collateral Dep
Slide 60: Debt Maturity Schedule – Industrial Activities
DEBT MATURITY SCHEDULE – INDUSTRIAL ACTIVITIES € billion Outstanding Dec 31 2025 2026 2027 2028 2029 2030 Beyond 20.9 Capital Markets Debt 2.5 2.2 2.6 1.9 2.6 9.1 0.9 Bank Debt 0.6 0.1 0.1 — — 0.1 0.4 Other Debt 0.2 0.1 — — — — 2.4 Lease Liabilities 0.8 0.4 0.2 0.2 0.2 0.7 24.6 Total Industrial Cash
Slide 61: Debt Maturity Schedule – Industrial Available Liquidity
DEBT MATURITY SCHEDULE – INDUSTRIAL ACTIVITIES Industrial Available Liquidity € billion Industrial Financial Outstanding Dec 31 2025 Group Activities Services Cash, Cash Equivalents and Financial Securities 31.5 29.3 2.2 Undrawn Committed Credit Lines 18.3 16.4 1.9 Total Industrial Available Liquidi
Slide 62: Research and Development Costs and Expenditures
RESEARCH AND DEVELOPMENT COSTS AND EXPENDITURES € million H2 2025 H2 2024 FY 2025 FY 2024 Research and Development Expenditures Expensed 1,447 1,390 2,858 2,932 Amortization of Capitalized Development Expenditures 1,006 1,073 2,094 2,149 Impairment and Write-off of Capitalized Development Expenditur
Slide 63: Stellantis brands
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