Sovcomflot Reports $648.4 Million Net Loss for 2025
Russian tanker group Sovcomflot reported a net loss of $648.4 million for 2025. Annual revenue fell to $1.06 billion from $1.87 billion recorded in 2024.
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Russia's state-controlled shipping giant PAO Sovcomflot reported a significant net loss for the 2025 fiscal year, reflecting a sharp downturn in its financial performance compared to the previous year. According to the company's latest financial disclosure released on Friday, the group recorded a net loss of $648.4 million.
