Exor Posts €3.8 Billion Loss Due to Stellantis and CNH Drag, Stock Price Declines

Investing.com - Exor’s stock fell about 3% on Tuesday after the holding company under the Agnelli family reported a significant shift to a net loss, mainly due to weak performance from its largest publicly traded holdings, including Stellantis.

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The Amsterdam-listed group announced a net loss of €3.79 billion ($4.4 billion) in 2025, compared to a net profit of €14.67 billion in the same period last year. Dividend income from portfolio companies also declined from €1.135 billion to €781 million.

Stellantis was the main drag on performance, reporting a record €22.3 billion loss and a substantial drop in valuation. The automaker recorded approximately €25 billion in restructuring charges. Exor stated that it still believes the business will recover and deliver better results in the future.

Regarding CNH, weak demand for agricultural equipment weighed on revenue, and the company expects the market to remain sluggish until 2027.

Exor said its non-listed businesses had mixed results, but private assets overall contributed positively to the portfolio.

The company’s net asset value (NAV) declined 13% to €33.24 billion, while net asset value per share fell 8.1% to €164.4.

On Monday, Exor announced it expects to generate about €2 billion ($2.32 billion) from planned asset disposals this year. The company has agreed to sell stakes in Iveco Group, GEDI, Lifenet, and Nuo, with expected proceeds exceeding 1.4 times the invested capital.

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