Porsche AG reported a decline in profit attributable to shareholders for the first nine months of 2025. This decline was primarily attributed to impairment losses on capitalized development costs and provisions for outstanding obligations, totaling 1.7 billion euros, as the company rescheduled the development of its planned new electric vehicle platform to the 2030s.
The company's Chief Financial officer Jochen Breckner said, "We have further sharpened our strategic alignment. Now we are resolutely implementing clear decisions. We expect 2025 to be the trough that precedes a noticeable improvement for Porsche from 2026 onwards."
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