Overview
- Porsche SE, which reported results Thursday, posted adjusted after-tax profit of €2.9 billion for 2025, down about 9%, as its shares slipped roughly 3% in early trade.
- Results were hit by higher costs at Volkswagen and Porsche AG after Porsche AG slowed its electric-car rollout in September because of weak demand, including lower sales in China.
- Porsche SE set a wide 2026 profit range of €1.5 billion to €3.5 billion, which signals limited visibility on how its core auto holdings will perform this year.
- Smaller bets helped offset the slump as venture stakes generated €193 million in profit, led by drone maker Quantum Systems and AI chip startup Celestial AI.
- The holding company committed €100 million to a new European defense technology fund run by DTCP, reflecting a push to diversify toward cyber and security tech.