In the first nine months of 2025, the Russian oil company Rosneft reported a significant decline in net profit — down 70% compared to the same period last year. The company’s profit amounted to $3.57 billion.
This is reported by Finway
Company Financial Indicators and Key Factors for the Decline
The company’s EBITDA also showed a substantial decrease — by 29.3%, reaching 1.6 trillion rubles. Revenue excluding taxes fell by 17.8%, totaling 6.29 trillion rubles.
Several factors negatively impacted the financial results. Primarily, this was due to the increase in the key rate set by the Central Bank of the Russian Federation, which led to higher borrowing costs and made access to financing more difficult. Additionally, the situation was affected by the decline in oil prices on global markets and the strengthening of the ruble, resulting in the company receiving fewer rubles from export revenues denominated in dollars.
Rising Costs and International Context
Rosneft also reported an increase in expenses related to “counter-terrorism security,” although the company did not disclose details regarding specific measures.
Rosneft announced an increase in expenses for “counter-terrorism security.” The company did not specify which measures are involved.
A global trend of declining profits is also observed among other oil giants. In particular, French TotalEnergies and British Shell have also reported a drop in quarterly profits, attributed to the overall decrease in global oil prices.