Investment group Porsche SE’s profits fell by 36% in 2025’s first nine months, as a delayed electric vehicle rollout weighed on its earnings.
Adjusted profit after tax was EU€1.59 billion, dropping from €2.48 billion. Porsche SE owns 12.5% of automaker Porsche AG, and 31.9% of Volkswagen Group’s shares.
“Thanks to the beneficial refinancing and repayment of financial liabilities, we have successfully optimised our financing structure,” said board member responsible for finance and IT Johannes Lattwein.
“This underscores that we as Porsche SE are in a resilient position with our financial profile, even in the challenging environment in the automotive industry.”
Porsche AG said in September that it would postpone the release of some all-electric vehicles amid weakening demand and United States tariffs. Its new SUV will initially be released with combustion engine and hybrid models, with an all-electric version expected later.
The delayed rollout will also impact Volkswagen’s profit by €5.1 billion. Porsche AG is owned by Volkswagen.
Both Volkswagen and Porsche AG cut their full-year profit outlooks at the time, and Porsche AG reported a €966 million operating loss in the third quarter.
Porsche SE’s net debt was €5.02 billion at the end of September, down from €5.16 billion one year ago.
In August, Porsche SE said it would pursue defence sector investments to diversify its portfolio.
Porsche SE’s (ETR: PAH3) share price closed at €36.47, up from its previous close at €35.79. Its market capitalisation is €5.58 billion.
