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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 read

· Last updated: April 1, 2026

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Russia's Tatneft says 2025 net profit falls 48% y/y to $2 billion

Finance Banking Markets

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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). Its 2025 revenue fell 10% to

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.

References

Frequently Asked Questions

What was Tatneft's net profit for 2025?

Tatneft's net profit for 2025 was 158.62 billion roubles, approximately $2 billion.

By how much did Tatneft's net profit fall in 2025?

Tatneft's net profit fell by 48.1% year-on-year in 2025.

What was Tatneft's total revenue in 2025?

Tatneft's total revenue in 2025 was 1.8 trillion roubles.

What is the currency exchange rate mentioned in the article?

The article uses an exchange rate of $1 to 79.1500 roubles.

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Russia's Tatneft says 2025 net profit falls 48% y/y to $2 billion

Tatneft Reports 48% Decline in 2025 Net Profit and Lower Annual Revenue