Operating Margin Delivered and Strong Profitability
Group operating profit of EUR 3.63 billion, representing a 6.3% operating margin (delivering July guidance). Automotive operating margin EUR 2.18 billion (4.2% of auto revenue).
Free Cash Flow and Net Cash Position
Automotive free cash flow of EUR 1.5 billion in 2025; Automotive net cash position at a record EUR 7.4 billion (up from EUR 7.1 billion year-on-year). Liquidity reserves at EUR 17.7 billion.
Revenue Growth
Group revenue EUR 57.9 billion, up 3% year-on-year (4.5% at constant exchange rates). Automotive revenue EUR 51.4 billion, up 1.8%.
Mobilize Financial Services (MFS) Record Performance
MFS revenue EUR 6.4 billion, up 13.2%. MFS generated a record operating profit of EUR 1.468 billion, up EUR 173 million year-on-year. New financing EUR 22.3 billion, average performing assets EUR 59.3 billion (+EUR 3.3 billion).
Vehicle Registrations and Unit Growth
Group registrations 2.3 million units, +3.2% (third consecutive year of growth). Order intake +3% and order book ~1.5 months of forward sales (1.7 months at end-Jan).
Strong EV and Hybrid Momentum
Renault brand EV sales in Europe +72%; Group EV sales in Europe +77%. Renault brand EV mix 20% (Europe), Group EV mix 14% (Europe). Full-hybrid sales +35% in Europe; Renault hybrid mix 38%, Group hybrid mix 30% (Europe).
Successful Product Launches and Regional Wins
Renault 5 >100,000 units sold in 2025; Symbioz ~89,000 units since launch; Dacia Bigster ~67,600 sold; Alpine achieved >10,000 sales (triple-digit growth). Regional successes: Grand Koleos ~44,000 (S. Korea); Kardian ~50,000 (S. America & Morocco); Duster ~27,000 outside Europe.
Cost Reductions Achieved
Average cost of goods sold reduction of over EUR 400 per vehicle in 2025, driven by purchasing performance and initial Horse powertrain synergies.
Lower CapEx Intensity
Group net CapEx and R&D at EUR 4.0 billion, representing 6.9% of revenue (down from 7.2% in 2024), aided by platform standardization and supplier entry-ticket reduction efforts.
Midterm Financial Ambition
Announced midterm guidance: target 5%–7% operating margin and over EUR 1.5 billion average annual free cash flow, plus continued annual EUR 400 variable cost reduction per vehicle and R&D/CapEx & supplier entry-ticket below 8% of revenue.