Business
Russian tanker group Sovcomflot says 2025 net loss at $648.4 mln
Russian tanker group Sovcomflot says 2025 net loss at $648.4 mln
About this update from Sovcomflot
Russia's state-controlled leading tanker group Sovcomflot said on Friday that its net loss in 2025 amounted to $648.4 million.The group's earnings before interest, tax, depreciation and amortisation (EBITDA) fell to $526 million from $1.01 billion in 2024.Sovcomflot's revenue in 2025 declined to $1.06 billion compared to $1.87 billion in 2024.