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flag Porsche's operating profit plummeted 93% in 2025 due to abandoning its EV platform amid weak demand and rising costs.

flag Porsche AG reported a 93% drop in operating profits in 2025, falling to €413 million from €5.6 billion, due to €3.9 billion in extraordinary expenses tied to abandoning its all-electric vehicle platform. flag The company reverted to combustion-engine and plug-in hybrid models amid weak demand, rising costs, U.S. tariffs, and competition from Chinese automakers. flag Battery-related expenses and tariffs each contributed about €700 million. flag The shift impacted parent company Volkswagen Group, which plans to cut 50,000 jobs in Germany by 2030, with Porsche facing around 3,900 job reductions. flag The automaker cited ongoing market challenges, including geopolitical tensions and energy market disruptions, and expects continued difficult conditions in 2026.

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