Polestar Automotive Holding UK Limited

Latest Results (07.11.2025):

Polestar Automotive Holding UK Limited’s Q2 2025 financial results highlight a mixed performance with robust revenue and retail sales growth amid significant non‐cash impairment expenses. The company reported strong momentum in expanding its retail network and improving adjusted EBITDA, despite a challenging operating environment and a sizeable net loss. Notably, the Q2 report underscores a strategic focus on an active selling model, enhanced model mix, and continued cash and funding strength to support future production plans.

Revenue and Sales Growth

For Q2 2025, Polestar Automotive Holding UK Limited achieved a 36.6% year-over-year revenue increase, driven by higher retail sales volumes and favorable product mix shifts including the Polestar 3 and 4 models. The strong growth in retail sales continues to support its expansion strategy.

Retail Network Expansion

Q2 2025 results show a healthy rise in retail sales volumes, with YoY growth of 38.1% reflecting the company’s active selling model and rapid retail network expansion, which is critical for sustaining long-term market competitiveness.

Margin and Profitability Dynamics

The quarter was marked by a significant impairment expense, which adversely affected the reported gross margin, sinking it to a negative level. However, improvements in the adjusted gross margin and a reduction in SG&A expenses indicate steps being taken to stabilize profitability.

Cash Position and Funding Initiatives

As of 30 June 2025, Polestar Automotive Holding UK Limited reported a cash position of USD 719 million and successfully raised USD 200 million in new equity, complementing secured funding facilities. This robust liquidity supports its operational needs and future investments.

Outlook and Strategic Initiatives

Looking ahead, the company confirmed plans for a future production site in Europe and announced that the Polestar 7 is slated for launch in 2028, as it reiterates its retail sales volume growth guidance for 2025-2027, positioning itself for long-term success despite market headwinds.