Rosneft's 2025 Results: Sliding Revenue, Stable Output
Business & Finance News Today | 2 Min News | The Daily News Now! · The Daily News Now!
Audio is streamed directly from the publisher (api.fastcast.ai) as published in their RSS feed. Play Podcasts does not host this file. Rights-holders can request removal through the copyright & takedown page.
Show Notes
Rosnefts 2025 Results: A Tough Year Amidst External Pressures
Rosnefts full-year 2025 results under IFRS show a significant impact from external pressures, with revenue dropping 18.8% to 8.236 trillion rubles, EBITDA falling 28.3% to 2.173 trillion rubles, and net income for shareholders plunging 73% to 293 billion rubles. Adjusted free cash flow nearly halved to 700 billion rubles. The company attributes this slide to lower oil prices, a stronger ruble, bigger discounts on Russian crude, OPEC+ cuts, pipeline limits, and soaring logistics and financing costs. Domestic interest rates, with the Bank of Russias key rate topping 19%, also contributed to increased debt payments.
To mitigate these challenges, Rosneft reduced capital spending by 5.7% to 1.36 trillion rubles. Despite the decline, the company maintained operational stability, with hydrocarbon output at 246.6 million tonnes of oil equivalent, including 181.1 million tonnes of liquids and 79.6 billion cubic meters of gas. Fourth-quarter liquids rose 2.2% to 46.4 million tons, and gas increased 12.4% to 21.3 billion cubic meters. Rosneft continued to supply fuel domestically, with 40.3 million tons of liquids, including 12.3 million tons of gasoline and 16.4 million tons of diesel.
Reserves, however, showed improvement, reaching 11.5 billion tonnes of oil equivalent with a 122% replacement ratio and a 49-year life. The company discovered six new fields and 112 deposits. Refining operations were affected by maintenance and challenging conditions, resulting in a 7.7% decrease in throughput to 75.7 million tons.
Despite the challenges, Rosnefts balance sheet remains robust, with net debt to EBITDA at 1.5 times, well below limits. The company approved interim dividends of 11.56 rubles per share and saw an increase in its investor base by nearly 170,000. While Rosneft remains cash-positive and reserve-rich, the company faces the challenge of controlling costs in the sanctions-imposed export environment in 2026.
Support the show:
Get a discount at https://solipillow.com/discount/dnn.
Advertise on DNN:
[email protected]
This is an automated, high-level news summary based on public reporting.
Report issues to [email protected].
View sources & latest updates:
https://sources.thednn.ai/491cc4328ba0b591