Russian LNG giant Novatek reports sixty percent drop in 2025 profit

Russia's top LNG producer Novatek announced today that its 2025 net profit fell by over sixty percent. The company earned 183 billion roubles for the year.

Insights:
PAO Novatek , the largest producer of liquefied natural gas in Russia RURU, announced on February 11, 2026, that its net profit for the 2025 fiscal year fell by more than 60 percent to 183 billion roubles. This development represents a large and material reduction in profitability for the major energy firm, marking a significant change in its reported financial performance.
A view shows a board with the logo of Russian natural gas producer Novatek at the St. Petersburg International Economic Forum (SPIEF) in Saint Petersburg, Russia, June 5, 2024. REUTERS/Anton Vaganov
A view shows a board with the logo of Russian natural gas producer Novatek at the St. Petersburg International Economic Forum (SPIEF) in Saint Petersburg, Russia, June 5, 2024. REUTERS/Anton Vaganov
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