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Russia LNG producer Novatek says 2025 net profit fell over 60%

Published by Global Banking & Finance Review

Posted on February 11, 2026

1 min read

· Last updated: February 11, 2026

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MOSCOW, Feb 11 (Reuters) - Russia's largest liquefied natural gas producer Novatek said on Wednesday its 2025 net profit fell by more than 60% to 183 billion roubles ($2.37 billion). ($1 = 77.2000

Novatek Reports Over 60% Drop in 2025 Net Profit to 183 Billion Roubles

Novatek's Financial Performance

MOSCOW, Feb 11 (Reuters) - Russia's largest liquefied natural gas producer Novatek said on Wednesday its 2025 net profit fell by more than 60% to 183 billion roubles ($2.37 billion).

Overview of Profit Decline

($1 = 77.2000 roubles)

Market Context and Implications

(Reporting by Moscow bureau; writing by Vladimir Soldatkin; Editing by Bernadette Baum)

Key Takeaways

  • Novatek's 2025 net profit decreased by over 60%.
  • The profit fell to 183 billion roubles ($2.37 billion).
  • Market conditions contributed to the profit decline.
  • The report was released by Reuters on February 11.
  • The exchange rate was $1 = 77.2000 roubles.

Frequently Asked Questions

What is net profit?
Net profit is the amount of money a company has left after all its expenses, taxes, and costs have been subtracted from its total revenue. It is a key indicator of a company's profitability.
What is market capitalisation?
Market capitalisation is the total market value of a company's outstanding shares of stock. It is calculated by multiplying the share price by the total number of shares.
What is liquefied natural gas (LNG)?
Liquefied natural gas (LNG) is natural gas that has been cooled to a liquid state, making it easier to store and transport. It is primarily used for energy production.

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