Renault Group posted a 2025 net loss after accounting adjustments tied to its Nissan stake, despite higher revenue, solid margins and positive automotive cash flow.
Group revenue increased 3% year on year to €57.92bn, or 4.5% at constant exchange rates, supported by growth across Renault, Dacia and Alpine and progress in international and electrification initiatives.
Operating margin reached €3.63bn, equal to 6.3% of revenue.
In 2025, net income, Group share, was a loss of €10.93bn, compared with positive net income of €752m in 2024.
It includes a €9.31bn non-cash charge from the revised accounting treatment of the Nissan investment and a €2.33bn loss from associated companies.
Excluding Nissan-related impacts, net income was €715m.
Automotive free cash flow amounted to €1.47bn, including €300m in dividends from Mobilize Financial Services.
Automotive net cash increased to €7.37bn as of 31 December 2025, up from €7.09bn as of 31 December 2024.
Total inventories were 539,000 vehicles.
Renault Group sold 2,336,807 vehicles in 2025, up 3.2% and ahead of a global market that grew 1.6%.
Alpine registrations exceeded 10,000.
Outside Europe, Renault brand sales increased 11.7%, led by Latin America (up 11.3%), South Korea (55.9%) and Morocco (44.8%).
Electrified volumes expanded strongly: EV sales rose 77.3% and hybrids 35.2%, representing 14% and 30% of total sales respectively.
The Renault brand’s EV mix reached 20.3%, while Dacia hybrid sales grew 122%.
Automotive revenue rose 1.8% to €51.44bn, reflecting a favourable product mix from new launches including the Dacia Bigster, Renault 5 and Renault Symbioz.
This was partly offset by currency headwinds and pricing pressure in Europe.
Automotive operating margin was €2.18bn, or 4.2%, compared with €2.99bn in 2024, affected by currency movements, a higher EV mix, weaker light commercial vehicle sales and the deconsolidation of Horse Powertrain.
Other operating income and expenses totalled negative €11.49bn, including the Nissan accounting loss, €0.9bn of impairments and €0.4bn of restructuring costs, resulting in group operating income of negative €7.86bn.
Associated companies contributed negative €2.19bn, mainly from Nissan, while Mobilize Financial Services added €1.47bn to operating margin.
Renault Group CEO François Provost said: “Our 2025 results, in a challenging market environment, demonstrate our teams’ commitment to delivering consistent, top-tier performance among automotive industry players. This performance underscores the strength of our fundamentals and our agility.”
