Volkswagen H1 FY26 operating profit falls 11.57% to EUR 5.93 billion; revenue slips 0.17% to EUR 158.1 billion

• Volkswagen posted first-half operating profit of EUR 5.93 billion, down 11.57%, as revenue held at EUR 158.1 billion.
• Pretax profit fell 25% to EUR 4.77 billion, while profit attributable to shareholders slid 35.73% to EUR 2.57 billion.
• Automotive net cash flow swung to an inflow of EUR 3.17 billion; automotive net liquidity eased to EUR 32.75 billion at June 30.
• Group deliveries dropped 6.3% to 4,125,683 vehicles, with BEV deliveries down 5.8% to 438,463.
• Outlook for 2026 deliveries cut to -7% to -3%; revenue seen -3% to 0%, operating margin maintained at 4% to 5.5%.

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