Auto giant General Motors (NYSE: GM) on Tuesday reported an increase in adjusted earnings for the fourth quarter of fiscal 2025, despite a decline in sales. Earnings topped analysts’ expectations.
Total revenue declined 5.1% to $45.3 billion in the fourth quarter from $47.7 billion in the year-ago period. Analysts were expecting a slower decline.
Fourth-quarter earnings, adjusted for special items, increased sharply to $2.51 per share from $1.92 per share in Q4 2024, exceeding estimates. On a reported basis, the company posted a net loss of $3.3 billion or $3.60 per share for the December quarter, compared to a loss of $2.96 billion or $1.64 per share last year.
For fiscal 2026, it expects earnings to be in the range of $11.00 per share to $13.00 per share, both on a reported and adjusted basis. The management approved a $0.03 per share increase in the company’s quarterly dividend rate to $0.18 per share.
“For several years now, GM’s strong brands and winning vehicles, as well as our technology-driven services and operating discipline, have delivered consistently strong cash generation. This has allowed us to execute all phases of our capital allocation strategy, from investing in the business and our people, to maintaining a strong balance sheet and returning capital to shareholders,” said Mary Barra, GM’s CEO.