By Adam Whittaker

Exor, the holding company of Italy's Agnelli family, swung to a net loss as it suffered from poor performances at some of its largest listed companies, including carmaker Stellantis.

The Amsterdam-listed company late Monday reported a net loss of 3.79 billion euros ($4.40 billion) for 2025 compared with a net profit of 14. 67 billion euros the year prior. This came as dividend income from the companies it invests in fell to 781 million euros from 1.135 billion euros.

Carmaker Stellantis booked a record loss of 22.3 billion euros and saw a significant fall in value. Stellantis posted charges of around 25 billion euros as part of a restructuring effort. Exor said it is confident Stellantis will turn the corner and report improved results going forward.

Meanwhile, agricultural-machinery group CNH reported reduced revenues on lower industry equipment demand and doesn't expect a recovery until 2027.

Exor said the performance across its unlisted companies was mixed, but that private companies overall had a positive contribution to its portfolio.

Its net asset value fell 13% to 33.24 billion euros while its net asset value per share dropped 8.1% to 164.4 euros.

Write to Adam Whittaker at adam.whittaker@wsj.com

(END) Dow Jones Newswires

March 24, 2026 02:48 ET (06:48 GMT)

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