Report 2025

Financial Situation
Škoda Auto’s financial results are prepared in accordance with IFRS Accounting Standards as adopted by the European Union.
In 2025, the Company achieved record sales revenues, operating profit, and net cash flow, maintaining strong financial performance and stability. This was mainly driven by higher sales volumes, and the successful implementation of cost-optimisation and efficiency measures.
Business Performance
A total of 1.04 million Škoda cars were delivered to customers worldwide in 2025 (2024: 927,000 cars). Škoda Auto deliveries to sales organisations increased year on year by 6.3% to 1.01 million vehicles. Company revenue reached €27.8 billion (+9.1%). The share of car sales in total revenue rose slightly year on year to 83.9%. The best-selling models were the Octavia, Kodiaq, Kamiq, and Fabia. The most successful electric model was the Elroq, which achieved sales of 110,000 units. Deliveries of components and sets of disassembled cars, including MEB and PHEV batteries, accounted for 9.3% of total revenue (2024: 12.1%). Trade in genuine parts and accessories contributed 4.9% of total revenue (2024: 5.0%). The remaining 1.9% (2024: 2.1%) comprised revenue from the sale of services (e.g. Škoda Connect), licences, and other income.
The cost of sales increased year on year by 8.8% to €24.3 billion. The gross profit margin stood at 12.5% in 2025, representing a year-on-year increase of 0.3 percentage points. Distribution costs amounted to €734 million, translating into a year-on-year increase of 8.1%, mainly due to higher transport and advertising expenses. Administrative costs slightly year on year by 2.5% to €483 million. Operating profit in the reporting period increased year on year by 8.1% to a record high of €2.26 billion, surpassing the previous record of €2.09 billion set in 2024. Profit before tax stood at €2.29 billion (2024: €2.10 billion). Profit after tax totalled €1.85 billion (2024: €1.66 billion). The return on sales before tax held steady at 8.2%.

Operating result

20252024

Cash Flow

+14.35%202420251,916 mio €2,191 mio €

Net cash flow amounted
as at 31 December 2025: 2.19 bn €
(as at 31 December 2024: 1.92 bn €).

Assets and Capital Structure
The Company’s total assets as at 31 December 2025 amounted to €12.82 billion. Compared with the balance at the end of 2024, total assets increased by 12.7%. The value of non-current assets rose year on year to €8.22 billion, driven primarily by growth in intangible assets and in property, plant and equipment. Current assets totalled €4.60 billion as at the reporting date (as at 31 December 2024: €4.15 billion).
Equity rose during 2025 by €506 million to a total of €5.15 billion. The equity ratio in 2025 stood at 40.2% (2024: 40.9%).
Investment Activity
Investments (excluding development costs) totalled €1.14 billion in 2025 (2024: €0.84 billion). Of the total amount, the largest share of €0.7 billion was allocated to product investments in both new and existing models, of which €0.5 billion related to investments in electromobility and digitalisation. The Company spent €1.02 billion on research and development for new products in 2025 (2024: €0.97 billion).