BMW Group has posted financial results for 2025 that show a decline to profits. Earnings before interest and taxes (EBIT) was down 11.5% on 2024 at €10.2bn. US tariffs and lower sales in China dented profits.
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Revenues for the BMW Group were down 6.3% at €133.5bn, as automotive deliveries – all brands – managed a slight increase of 0.5% to 2.564m units. Mini sales were up 17.7% to 288,300 units but BMW brand sales were down 1.4% at 2.17m units.
The company reported a stable Group EBT margin of 7.7% (2024: 7.7%). As in the previous year, BMW Group net profit totalled more than €7bn.
BMW said the year was heavily impacted by tariffs, developments on currency markets, especially in the second half of the year, as well as the intense market situation in China.
Group sales were up 7% in Europe and 5% in the US, but down 12% in China where margins were also hit by the price war there.
“China remains our largest single market. However, due to the intense competitive market environment, our sales development fell short of our expectations for the year. Thanks to the strong overall performance in three of our four sales regions, we nevertheless achieved growth worldwide. This confirms the strength of our global footprint,” said Oliver Zipse, Chairman of the Board of Management of BMW AG.
BMW criticises EU manufacturing sourcing initiative
Zipse also took aim at the EU’s Industrial Accelerator plans and their incompatibility with complex international automotive supply chains, especially for electric vehicles.
“As a global player, we stand for free trade and collaboration. We do not believe in protectionism, but rather in the power of innovation to compete on the global stage,” he said.
“However, with the Industrial Accelerator Act, the EU Commission is continuing its protectionist course while not addressing home-made challenges like high energy prices.
“One thing is clear: without international value chains, the ramp-up of electromobility and the development of powerful battery technologies are not feasible.
“Labels such as “Made in the EU” or “Union origin” disadvantage European companies with global value chains if they do not recognize that each Euro spent in Europe counts the same for prosperity and jobs. No matter if the car stays in Europe or is exported.
“Instead, the development of expertise and production for battery cell technologies in the EU should be promoted and effectively incentivised as fast as possible.”
EU automotive local content proposals attract opposition
