Polestar Files 6-K with Mid-Year Financial Data

TL;DR

Polestar dropped its mid-year 6-K, showing share and equity updates. No big financial surprises here.

AI Summary

Polestar Automotive Holding UK PLC filed a 6-K report on September 3, 2025, for the period ending June 30, 2025. The filing includes financial data for the first half of 2025 and 2024, detailing share information and equity components. Specific financial figures for revenue, profit/loss, or cash flow are not detailed in this excerpt.

Why It Matters

This filing provides an update on Polestar's financial position and share structure as of mid-2025, which is crucial for investors tracking the company's performance and capital changes.

Risk Assessment

Risk Level: low — This is a routine 6-K filing providing standard financial reporting and does not contain significant new risks.

Key Numbers

• 2025-06-30 — Period End Date (Latest reporting period covered)
• 2025-01-01 to 2025-06-30 — H1 2025 Period (First half of 2025 financial data)
• 2024-01-01 to 2024-06-30 — H1 2024 Period (First half of 2024 financial data)

Key Players & Entities

• Polestar Automotive Holding UK PLC (company) — Filer of the report
• 0001884082-25-000020 (filing_id) — Accession number for the filing
• 20250903 (date) — Filing date
• 20250630 (date) — Period of report

FAQ

Filing Documents

• psny-20250630.htm (6-K) — 1209KB
• polestarh1256-kx991xmda.htm (EX-99.1) — 281KB
• psny-20250630_d2.htm (EX-99.2) — 22KB
• PolestarPressrelease.pdf (EX-99.3) — 3544KB
• image_0a.gif (GRAPHIC) — 1KB
• image_2a.jpg (GRAPHIC) — 11KB
• image_4a.jpg (GRAPHIC) — 2KB
• image_6a.jpg (GRAPHIC) — 3KB
• psny-20250630_g1.gif (GRAPHIC) — 1KB
• psny-20250630_g2.jpg (GRAPHIC) — 2KB
• psny-20250630_g3.jpg (GRAPHIC) — 3KB
• psny-20250630_g4.jpg (GRAPHIC) — 11KB
• 0001884082-25-000020.txt ( ) — 13476KB
• psny-20250630.xsd (EX-101.SCH) — 77KB
• psny-20250630_cal.xml (EX-101.CAL) — 87KB
• psny-20250630_def.xml (EX-101.DEF) — 342KB
• psny-20250630_lab.xml (EX-101.LAB) — 670KB
• psny-20250630_pre.xml (EX-101.PRE) — 508KB
• psny-20250630_htm.xml (XML) — 1673KB

From the Filing

psny-20250630 The Polestar Group Unaudited Condensed Consolidated Interim Financial Statements as of June 30, 2025 and for the Six months ended June 30, 2025 and 2024 F-1 Polestar Automotive Holding UK PLC INDEX TO THE UNAUDITED CONDENSED CONSOLIDATED INTERIM FINANCIAL STATEMENTS FOR THE SIX MONTHS ENDED JUNE 30, 2025 AND 2024 Unaudited Condensed Consolidated Statement of Loss and Comprehensive Loss for the Six months ended June 30, 2025 and 2024 F-3 Unaudited Condensed Consolidated Statement of Financial Position as of June 30, 2025 and December 31, 2024 F-4 Unaudited Condensed Consolidated Statement of Changes in Equity for the Six months ended June 30, 2025 and 2024 F-6 Unaudited Condensed Consolidated Statement of Cash Flows for the Six months ended June 30, 2025 and 2024 F-7 Notes to the Unaudited Condensed Consolidated Interim Financial Statements F-8 F-2 Polestar Automotive Holding UK PLC Unaudited Condensed Consolidated Statement of Loss and Comprehensive Loss (in thousands of U.S. dollars except per share data) For the six months ended June 30, Note 2025 2024 Revenue 3 1,422,605 909,247 Cost of sales 4 ( 2,125,729 ) ( 932,533 ) Impairment expense, net of reversals 4 ( 723,524 ) — Other cost of sales 4 ( 1,402,205 ) ( 932,533 ) Gross loss ( 703,124 ) ( 23,286 ) Selling, general and administrative expense 4 ( 431,283 ) ( 450,465 ) Research and development expense 4 ( 31,262 ) ( 24,312 ) Other operating income, net 5 70,075 21,913 Operating loss ( 1,095,594 ) ( 476,150 ) Finance income 7 52,797 8,077 Finance expense 7 ( 185,319 ) ( 199,278 ) Fair value change - Earn-out rights 12 15,813 139,638 Fair value change - Class C Shares — 2,500 Share of losses in associates 6 ( 24,261 ) ( 4,350 ) Loss before income taxes ( 1,236,564 ) ( 529,563 ) Income tax benefit (expense) 8 43,485 ( 14,315 ) Net loss ( 1,193,079 ) ( 543,878 ) Net loss per share (in U.S. dollars) 9 Class A - Basic and Diluted ( 0.56 ) ( 0.26 ) Class B - Basic and Diluted ( 0.56 ) ( 0.26 ) Consolidated Statement of Comprehensive Loss Net loss ( 1,193,079 ) ( 543,878 ) Other comprehensive loss: Items that may be subsequently reclassified to the Consolidated Statement of Loss: Exchange rate differences from translation of foreign operations 34,876 ( 23,807 ) Total other comprehensive loss 34,876 ( 23,807 ) Total comprehensive loss ( 1,158,203 ) ( 567,685 ) The accompanying notes are an integral part of these Unaudited Condensed Consolidated Interim Financial Statements. F-3 Polestar Automotive Holding UK PLC Unaudited Condensed Consolidated Statement of Financial Position (in thousands of U.S. dollars) Note June 30, 2025 December 31, 2024 Assets Non-current assets Intangible assets and goodwill 10 837,666 1,040,849 Property, plant and equipment 11 360,068 537,743 Vehicles under operating leases 64,323 56,137 Other non-current assets 43,252 39,740 Deferred tax assets 8 123,379 81,554 Total non-current assets 1,428,688 1,756,023 Current assets Cash and cash equivalents 12 718,625 739,237 Trade receivables 12 259,360 152,405 Trade receivables - related parties 12, 17 76,843 37,844 Accrued income - related parties 12, 17 55,903 42,839 Inventories 13 805,701 1,079,361 Current tax assets 10,201 5,021 Other current assets 270,284 238,907 Other current assets - related parties 12, 17 17,098 2,713 Total current assets 2,214,015 2,298,327 Total assets 3,642,703 4,054,350 Equity Share capital ( 21,258 ) ( 21,169 ) Other contributed capital ( 3,845,698 ) ( 3,625,027 ) Foreign currency translation reserve 28,276 63,152 Accumulated deficit 8,104,683 6,911,604 Total equity 14 4,266,003 3,328,560 Liabilities Non-current liabilities Non-current contract liabilities ( 74,207 ) ( 61,002 ) Deferred tax liabilities ( 527 ) ( 630 ) Other non-current provisions 15 ( 104,201 ) ( 94,757 ) Other non-current liabilities ( 81,398 ) ( 71,398 ) Earn-out liability 12 ( 12,965 ) ( 28,778 ) Non-current liabilities to credit institutions 12, 16 ( 973,779 ) ( 927,235 ) Other non-current interest-bearing liabilities 12 ( 50,289 ) ( 47,918 ) Other non-current interest-bearing liabilities - related parties 12, 17 ( 1,409,102 ) ( 1,410,258 ) Total non-current liabilities ( 2,706,468 ) ( 2,641,976 ) Current liabilities Trade payables 12 ( 130,950 ) ( 103,368 ) Trade payables - related parties 12, 17 ( 626,791 ) ( 790,546 ) Accrued expenses - related parties 12, 17 ( 280,782 ) ( 279,686 ) Advance payments from customers 12 ( 7,940 ) ( 17,344 ) Current provisions 15 ( 114,764 ) ( 72,769 ) Current liabilities to credit institutions 12, 16 ( 3,087,055 ) ( 2,512,394 ) Current tax liabilities ( 5,347 ) ( 28,872 ) Interest-bearing current liabilities 12 ( 14,539 ) ( 13,923 ) Interest-bearing current liabilities - related parties 12, 17 ( 110,789 ) ( 100,662 ) Current contract liabilities ( 29,388 ) ( 37,649 ) Class C Shares liability 12 ( 3,500 ) ( 3,500 ) Other

View Full Filing

View this 6-K filing on SEC EDGAR