Porsche swung into the red for the first time since it was listed in 2022 reporting a near €1bn loss as the German sports-car maker made a costly shift to focus on petrol engines rather than an emphasis electric vehicles.
The group reported an operating loss of €967mn in the third quarter compared with an operating profit of €974mn the same time last year. For the first nine months of 2025, it posted operating profit of just €40mn compared with €4bn in 2024.
The sports-car maker has been a dependable source of profits for the Volkswagen group, but has struggled in the face of lower-than-expected demand for EVs, falling sales in China and increased US tariffs.
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