#Finance

SEAT S.A. continues to navigate a complex landscape in 2025, as reflected in the company's financial results for the period between January and September. Despite higher sales revenue, the company’s operating profit declined compared with the same period in 2024, mainly due to the sales mix; EU tariffs on the CUPRA Tavascan, manufactured in China; and product costs.

In the first three quarters of 2025, Škoda Auto recorded strong key financial indicators: revenue rose to €22.344 billion (+9.5%), operating profit increased to €1.790 billion (+5.4%) and net cash flow stood at a very robust level, amounting to €1.934 billion (–2.8%). Return on Sales (RoS) remained at a solid 8.0% (2024: 8.3%), confirming Škoda’s position as one of the most profitable European volume car brands. 765,700 vehicles were delivered to customers worldwide, a year-on-year increase of 14.1%. In Europe (EU27, UK, Switzerland, Norway and Iceland), the brand delivered 616,300 vehicles, holding third place overall in the region. BEV and PHEV models accounted for 24.1% of deliveries (2024: 11.1%), with the Elroq and Enyaq models ranking third and sixth in Europe’s BEV sales. Additionally, the Elroq passed the milestone of 100,000 orders since the start of sales. Škoda’s internationalisation strategy is also taking effect, with an all-time high of 49,400 vehicles delivered in the Indian market (+106.1%). In Vietnam, production of the Kushaq started earlier this year, and production and sales of the Slavia began in September.

In the first nine months of 2025, the Brand Group Core continued its positive development and significantly improved vehicle sales, sales revenue and the operating result.

The Audi Group’s financial performance in the first nine months of 2025 reflects the challenging economic situation. Revenue during the reporting period amounted to approximately 48.4 billion euros, an increase of 4.6 percent compared to the same period last year. Operating profit totaled around 1.6 billion euros, while net cash flow reached 2.1 billion euros. In total, the Brand Group Progressive* delivered 1,191,141 vehicles in the first nine months. Demand was particularly strong for Audi electric vehicles, with a growth of 41 percent. Audi remains committed to its course: with the introduction of a new design philosophy and corporate strategy, Audi is embarking on the next chapter of its transformation.

The Volkswagen Group has published its financial results for the first nine months of 2025.

Despite a persistently weak and uncertain market environment, the TRATON GROUP managed to keep its sales revenue in Europe nearly stable in the first nine months of 2025.

Porsche AG resolutely pushed ahead with its decision to realign its product strategy at the end of the third quarter of 2025. This is intended to ensure strong profitability in the long term and, as expected, is having a significant impact on various key financial figures in the short term.

In a persistently weak and uncertain market environment, the TRATON GROUP’s unit sales declined by 16% year-over-year in the third quarter of 2025.

On October 10, 2025, the Volkswagen Group published the deliveries for January to September 2025.

Porsche has significantly increased the proportion of electrified vehicles sold in the first nine months of 2025. A total of 212,509 cars were delivered to customers worldwide between January and September, of which 35.2 per cent were electrified (+12.8 percentage points). Fully electric vehicles made up 23.1 per cent, while 12.1 per cent were plug-in hybrids.

Porsche AG is resolutely pushing ahead with its strategic realignment in the second half of 2025 in the face of a challenging global environment.

In the first half of 2025, Škoda Auto delivered 509,400 vehicles to customers worldwide, representing year-on-year growth of 13.6%.

The first half of 2025 was primarily impacted by US tariffs and restructuring expenses in connection with the company’s transformation.

In the first half of 2025, the Volkswagen, Škoda, SEAT/Cupra and Volkswagen Commercial Vehicles brands significantly improved sales revenue (+5.0%) to about 72.5 billion euros in a challenging market environment. Despite the adverse impact of significantly higher US import tariffs, it was possible to boost the operating result of the Brand Group Core to 3.46 billion euros. Key factors in this solid result are the rejuvenated product range, improved capacity utilization at the plants, reduced factory costs – and therefore the consistent implementation of the agreed restructuring initiatives.