Boulogne-Billancourt, February 19, 2026 – Renault Group closed 2025 with robust financial and commercial performance, delivering on its updated 2025 financial outlook despite a challenging global market environment. The Group demonstrated resilience and operational discipline, underpinned by the strength of its product portfolio, international expansion, and a clear focus on electrification.
Robust Financial Performance and Cash Generation
Renault Group reported revenues of €57.9 billion in 2025, up 3.0% year-on-year, or 4.5% at constant exchange rates. This growth was supported by all three of its complementary automotive brands and the continued rollout of the International Game Plan, alongside the ongoing electrification of its lineup. The Group achieved a solid operating margin of €3.6 billion, representing 6.3% of revenue.
While net income, Group share, was negative at -€10.9 billion, this primarily reflects the non-cash accounting impacts related to Nissan (-€9.3 billion) and the contribution of associated companies (-€2.3 billion). Excluding these factors, net income stood at €715 million, reinforcing the Group’s operational strength.
Automotive free cash flow reached €1.5 billion, driven by operational performance and partially offset by working capital changes. The Group’s automotive net cash financial position rose to a record €7.4 billion by year-end, supported by disciplined cash management and strategic dividend inflows, including €300 million from Mobilize Financial Services. These results underpin Renault Group’s ability to maintain financial flexibility while continuing to invest in innovation and growth.
Credit Rating Upgrade and Shareholder Returns
In recognition of its strengthened financial profile, S&P Global Ratings upgraded Renault SA to an investment-grade ‘BBB-’ rating with a stable outlook in December 2025. The Group also proposed a stable dividend of €2.20 per share for 2025, to be submitted for approval at the Annual General Meeting on April 30, 2026.
Commercial Success Across Markets
Globally, Renault Group sold 2,336,807 vehicles in 2025, up 3.2% versus a market growth of 1.6%. Each of the Group’s three brands outperformed the market. Renault brand maintained its position as the #1 French car brand worldwide and #2 in Europe for combined passenger car and light commercial vehicle sales. Dacia secured the #2 spot in retail passenger cars in Europe, with the Sandero topping the European sales charts, while Alpine exceeded 10,000 registrations for the first time, more than doubling its 2024 performance.
Internationally, Renault brand sales increased 11.7%, driven by strong growth in Latin America (+11.3%), South Korea (+55.9%), and Morocco (+44.8%). The Group successfully launched new models across key markets, including the Renault 5 EV, Renault Symbioz full hybrid, Dacia Bigster SUV, Renault Koleos, and Renault Kardian, strengthening its footprint in both Europe and overseas markets.
Electrification remained a central focus, with European EV sales growing 77.3% and hybrid sales up 35.2%. Renault achieved an EV mix of 20.3% of its total passenger car sales, while Dacia hybrid sales more than doubled year-on-year. The Group’s commitment to value and residual performance continues to support customer trust and brand equity across its portfolio.
Operational Excellence and Cost Discipline
Renault Group maintained rigorous operational management, achieving a €400 reduction in variable costs per vehicle and strict control over SG&A expenses. Despite external pressures, including currency volatility and market challenges in Europe, the Group delivered efficiency gains and cost optimization, which supported its profitability and free cash flow generation.
2026 Outlook: Resilience Amid Complexity
Looking ahead, Renault Group expects a Group operating margin around 5.5% and automotive free cash flow of approximately €1.0 billion in 2026. The Group will continue its product offensive in Europe and accelerate international expansion, with key launches including the new Renault Clio, Twingo E-Tech, Trafic van E-Tech, new Dacia EV and hybrid models, and Alpine A390. Expansion in high-potential markets such as Latin America, India, and South Korea will further support growth, alongside disciplined cost management.
Medium-term targets aim to sustain robust results, with a Group operating margin between 5% and 7% and annual automotive free cash flow of at least €1.5 billion, including an average €500 million dividend from Mobilize Financial Services. These objectives reflect the Group’s commitment to creating consistent, predictable value for stakeholders while advancing electrification, innovation, and operational excellence.
CEO François Provost commented: “Our 2025 results, in a challenging market environment, demonstrate our teams’ commitment to delivering consistent, top-tier performance among automotive industry players. This success validates our product strategy and the strength of our brands. We approach 2026 with confidence and ambition, positioning Renault Group as an industry benchmark and creating value for all our stakeholders.”
Renault Group’s 2025 results underscore its resilience, strategic focus, and readiness to capitalize on the next phase of automotive transformation, reinforcing its position as a global leader in mobility, electrification, and operational excellence.
