Nissan posts another huge annual loss but predicts a return to profit in 2026

Key takeaways

• Nissan posted a 533.1 billion yen (AUD 4.7 billion) net loss for FY2025
• US tariffs and restructuring costs drove the result
• Nissan forecasts a 20 billion yen (AUD 175 million) profit in FY2026

Nissan has reported a net loss of 533.1 billion yen, around AUD 4.7 billion, for the financial year ending March 2026. It is the carmaker's second consecutive year in the red and the result lands as Nissan pushes through one of the biggest restructuring efforts in its history.

The loss was actually smaller than the 670.9 billion yen (about AUD 5.9 billion) Nissan posted a year earlier. The company pointed to US import tariffs, factory closure costs and restructuring expenses as the main drag on the bottom line.

It was not all bad news. Nissan delivered a full-year operating profit of 58.0 billion yen, roughly AUD 510 million, and free cash flow turned positive in the second half of the year, reaching 112 billion yen (about AUD 980 million) after a heavily negative first half.

Nissan FY2025 results at a glance

Conversions use an exchange rate of around 114.5 yen to the Australian dollar and will shift with the market.

Why Nissan lost money again

The latest loss caps a turbulent stretch for the brand, with profit and loss swinging sharply since 2018. US tariffs added fresh pressure this year, while plant closures and job cuts pushed up one-off costs.

Nissan is partway through its Re:Nissan turnaround plan, which targets 500 billion yen (about AUD 4.4 billion) in cost savings and cuts the global factory count from 17 sites to 10. The company says it has already locked in 200 billion yen, roughly AUD 1.75 billion, in fixed cost reductions.

Nissan CEO Ivan Espinosa

There are early signs the worst is behind it. The full-year loss narrowed, operating profit stayed positive, and cash flow turned around in the second half.

Nissan expects to return to profit next financial year, forecasting a 20 billion yen (about AUD 175 million) net profit on revenue of 13 trillion yen, around AUD 113 billion. It will not pay a dividend for FY2026. For Australian buyers, that is the bottom line: a brand under pressure, but one still backing itself to spend its way back to health.

Frequently asked questions

Is Nissan in financial trouble?

Nissan has posted net losses for two straight years, driven by tariffs and restructuring costs. The company says it has stabilised its foundation and expects to return to profit in FY2026.

How much did Nissan lose in FY2025?

Nissan reported a net loss of 533.1 billion yen, or about AUD 4.7 billion, for the year to March 2026. That was narrower than the 670.9 billion yen (around AUD 5.9 billion) loss recorded the previous year.

Will Nissan return to profit?

Nissan forecasts a net profit of 20 billion yen, roughly AUD 175 million, for FY2026, supported by cost cuts under the Re:Nissan plan and a run of new model launches.