Finance
Russia's tatneft says 2025 net profit falls 48% y/y to $2 billion
Published by Global Banking & Finance Review®
Posted on March 12, 2026
1 min readLast updated: March 12, 2026
Quick Summary
Tatneft’s 2025 net profit plunged 48.1% to ₽158.6 billion (≈ $2 billion), while revenue dropped 10% to ₽1.8 trillion. The decline mirrors broader setbacks in Russia’s oil sector amid falling prices, currency strength, and sanctions.
Tatneft Reports 48% Decline in 2025 Net Profit and Lower Annual Revenue
Financial Results for 2025
Net Profit Performance
MOSCOW, March 12 (Reuters) - Russian mid-sized oil producer Tatneft on Thursday posted a 48.1% fall in 2025 full-year net profit to 158.62 billion roubles ($2 billion).
Annual Revenue Overview
Its 2025 revenue fell 10% to 1.8 trillion roubles, the company said.
Exchange Rate Information
($1 = 79.1500 roubles)
Reporting and Editorial Credits
(Reporting by Reuters; Writing by Lucy Papachristou; Editing by Mark Trevelyan)
Key Takeaways
- •Tatneft’s net profit under Russian Accounting Standards tumbled nearly half in 2025 year‑on‑year.
- •Revenue declined by 10%, reflecting lower oil prices and a stronger ruble, consistent with trends among Russian oil producers.
- •Comparable industry peers—Rosneft, Lukoil, Gazprom Neft—also reported steep profit falls, underlining systemic pressures on the Russian oil sector.
Frequently Asked Questions about Russia's Tatneft says 2025 net profit falls 48% y/y to $2 billion
1What was Tatneft's net profit for 2025?
Tatneft's net profit for 2025 was 158.62 billion roubles, approximately $2 billion.
2By how much did Tatneft's net profit fall in 2025?
Tatneft's net profit fell by 48.1% year-on-year in 2025.
3What was Tatneft's total revenue in 2025?
Tatneft's total revenue in 2025 was 1.8 trillion roubles.
4What is the currency exchange rate mentioned in the article?
The article uses an exchange rate of $1 to 79.1500 roubles.