Business27 October, 20253 min read
Porsche Suffers Near Billion-Euro Loss as Profit Collapses 96% Amid Failed Combustion Engine Bet
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Porsche reported a nearly 1 billion euro loss in Q3 2025, reversing prior profits. Operating profit collapsed by approximately 96-99% in the first nine months of 2025.
6 outlets told this the same way.
Porsche's Earnings Decline
Porsche’s earnings collapsed across the latest nine-month period. Both sources detailed an almost total wipeout of operating profit and a near-billion-euro operating loss in Q3. Zamin.uz reports profits dropped nearly 96% to €114 million.
“Operating profit fell sharply from around 4 billion euros last year to just 40 million euros, a decrease of almost 99%, while revenue decreased by 6% to 26.9 billion euros.”
The operating profit was just €40 million versus about €4 billion a year earlier. Revenue declined by 6% to €26.9 billion. There was a €967 million operating loss in Q3.
Le Monde likewise reports an operating profit of €40 million for the first nine months of 2025 versus over €4 billion in 2024. Le Monde also confirms the €967 million operating loss in Q3. Some outlets carried no usable article text on the topic, limiting additional corroboration or nuance for these figures.
Reasons for Porsche's EV Strategy Shift
Both sources link the plunge to strategic and cost factors, but with different emphases. Zamin.uz attributes the downturn to Porsche abandoning large-scale electric vehicle and battery plans, postponing new electric vehicle deadlines, and redirecting investment primarily toward internal-combustion vehicles. Zamin.uz also notes a €3.1 billion restructuring outlay.
Le Monde.fr adds external shocks such as a 26% sales slowdown in China and U.S. tariffs. Le Monde.fr also cites high costs from abandoning all-electric projects. Other listed outlets provide no additional context here.
Porsche's EV Strategy Shift
Le Monde.fr places Porsche’s decisions in the context of its efforts to repair its reputation after the 'dieselgate' scandal and its commitments to addressing climate change. The outlet highlights Porsche’s significant investments in electrification aimed at combating global warming and its goal for electric vehicles to represent 80% of sales by 2030. In contrast, Zamin.uz emphasizes a short-term pullback, noting that Porsche is abandoning large-scale electric vehicle projects, delaying EV launches, and focusing more on internal combustion engine spending.
“Porsche had heavily invested in electrification to combat global warming and to move past the 2015 ‘dieselgate’ scandal involving its parent company Volkswagen.”
This situation creates an apparent tension between the company’s retreat from certain all-electric initiatives and its long-term ambitions for electric vehicle sales. Other media sources do not clarify whether the term 'abandoning' refers to specific programs or indicates a broader reduction in electric vehicle efforts.
Financial Performance Overview
Le Monde.fr uniquely cites market-external pressures—such as a 26% sales slowdown in China and U.S. tariffs—as contributors to the earnings slump. Zamin.uz provides detailed financial data not itemized by Le Monde.fr, including a 6% revenue decline to €26.9 billion. Both sources agree on the Q3 operating loss of €967 million and the collapse in operating profit to roughly €40 million across the nine-month span.
Porsche's EV Strategy Challenges
The sources depict a company struggling between expensive cutbacks on all-electric projects and a declared long-term ambition for electric vehicles. Zamin.uz interprets the downturn as a result of a strategic shift back to combustion engines, with delayed electric vehicle timelines and a €3.1 billion restructuring. Le Monde.fr expands the perspective to include broader economic and policy factors, such as demand in China and U.S. tariffs, while still highlighting Porsche's goal of 80% electric vehicle sales by 2030.
“Analysts attribute this financial downturn to Porsche's strategic shift, as the company abandoned large-scale plans for electric vehicle and battery production.”
The lack of further reports from thepost.co.za and International Business Times UK leaves important questions unanswered about the extent and length of Porsche's electric vehicle pullback. It also remains unclear how quickly Porsche can balance its short-term focus on internal combustion engines with its long-term electric vehicle objectives.
