Polestar reports wider net loss in 2025 despite higher revenue

Polestar posted stronger gross and conveyance income successful 2025, but its full-year nonaccomplishment widened arsenic impairment charges, restructuring costs and pricing unit continued to measurement connected results.

The Swedish electrical conveyance shaper said gross roseate 50.3% year-over-year to $3.06bn, up from $2.03bn successful 2024, driven retail income of 60,119 vehicles, a 34% summation from a twelvemonth earlier.

The institution attributed the maturation to its displacement to an progressive selling model, retail web enlargement and a broader exemplary lineup, including higher-priced Polestar 3 and Polestar 4 vehicles.

Carbon recognition income besides provided a lift, expanding to $211m from $11m successful 2024.

Polestar CEO Michael Lohscheller said: “2025 was a grounds twelvemonth for Polestar, with retail income of implicit 60,000 cars and gross surpassing $3bn. Our beardown commercialized show was driven by the enlargement of our income web and spot of our exemplary line-up.”

Even so, profitability remained nether pressure.

Operating nonaccomplishment widened 10.8% to $2bn from $1.81bn, portion gross borderline was antagonistic 35.4% for the year.

Net nonaccomplishment accrued 15% to $2.36bn.

The institution said nett nonaccomplishment was chiefly driven by impairment expense, nett of reversals of astir $1.05bn.

Other pressures included restructuring expenses tied to headcount reductions and real-estate downsizing, little concern income owed to little involvement rates, and higher concern disbursal linked to accrued outer financing.

In the 4th quarter, however, Polestar showed signs of operational improvement.

Revenue climbed 54.3% to $887m and retail income roseate 27.3% to 15,608 vehicles.

Net nonaccomplishment for the 4th narrowed 32.5% to $799 cardinal from $1.18bn a twelvemonth earlier.

“In 2026, our operational absorption volition beryllium connected the continued enlargement of our income network, increasing our income points by a planned 20%, to coincide with the largest exemplary violative successful our history, with 4 caller models planned during the adjacent 3 years. While we expect marketplace conditions to go much challenging, amid ongoing geopolitical developments, we volition proceed to thrust fiscal performance, gathering connected our achievements successful 2025, with an improved exemplary mix, sustained outgo simplification and fiscal discipline,” Lohscheller concluded.

"Polestar reports wider nett nonaccomplishment successful 2025 contempt higher revenue" was primitively created and published by Just Auto, a GlobalData owned brand.

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