Rosneft — the largest oil extraction company in Russia, responsible for approximately every second barrel extracted — recorded, in 2025, a nearly fourfold decrease in net profit.
According to the financial report in accordance with international standards (IFRS), the company achieved a profit last year of 293 billion rubles (approximately 3 billion euros), compared to 1.084 trillion rubles (around 11 billion euros) in the previous year.
In the fourth quarter, Rosneft’s profit plummeted tenfold — down to 16 billion rubles (approximately 165 million euros), compared to 158 billion rubles (about 1.6 billion euros) in the period September-December 2024.
The decline has intensified over the course of the year: in the first quarter, the profit was 170 billion rubles (about 1.7 billion euros), in the second — 74 billion (approximately 760 million euros), and in the third — 32 billion rubles (about 330 million euros).
Rosneft’s results are considered “weak,” note analysts from Alfa-Bank. On an annual level, the company’s revenues have dropped by 19% (to 8.236 trillion rubles, approximately 84 billion euros), EBITDA has decreased by 28% (to 2.173 trillion rubles, about 22 billion euros), and the free cash flow — the difference between receipts and payments — has halved, reaching 700 billion rubles (approximately 7.2 billion euros).
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