Published by Global Banking and Finance Review
Posted on December 8, 2025
1 min readLast updated: January 20, 2026
Transneft's Q3 net profit fell 3.3% to $1.01 billion, while revenue rose to 360.3 billion roubles. The company manages over 80% of Russia's oil extraction.
MOSCOW (Reuters) -Russian oil pipeline monopoly Transneft's third-quarter net profit declined 3.3% year-on-year to 79.3 billion roubles ($1.01 billion), the company said on Friday.
Transneft, which handles more than 80% of all the oil extracted in Russia, also said its July-to-September revenue rose to 360.3 billion roubles from 344.6 billion roubles in the same period a year earlier.
($1 = 78.1500 roubles)
(Reporting by Anastasia Teterevleva; Writing by Vladimir Soldatkin; Editing by Joe Bavier)
Net profit is the amount of money a company has left after all expenses, taxes, and costs have been subtracted from total revenue. It is an important indicator of a company's profitability.
Revenue is the total amount of money generated by a company's business activities, typically from the sale of goods and services, before any expenses are deducted.
A financial report is a formal record of the financial activities and position of a business, organization, or individual. It includes income statements, balance sheets, and cash flow statements.
Year-on-year growth measures the percentage change in a company's financial performance compared to the same period in the previous year. It helps assess the company's growth over time.
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