Gazprom 2Q net income 322.78B rubles, est. 299B rubles

Gazprom 2Q net income 322.78B rubles, est. 299B rubles

Russian energy giant Gazprom has reported a net income of 322.78 billion rubles for the second quarter of 2025, slightly exceeding the estimated 299 billion rubles [1]. The company's financial statement showed a significant increase in revenues, which rose by 4.2% year-on-year to reach 3 trillion rubles in the first half of 2025 [1]. Despite the revenue growth, Gazprom ended the period with a net loss due to a sharp decline in natural gas exports to Europe, exacerbated by ongoing sanctions [1].

Gazprom's net income for the second quarter of 2025 was driven by increased natural gas supplies to China and the domestic market, as well as investments in liquefied natural gas (LNG) projects. The company has been seeking to offset revenue losses in Europe by expanding its presence in Asia and the domestic market [1].

Gazprom Neft, a subsidiary of Gazprom, reported a significant decline in earnings for the first half of 2025. The company's net profit fell by 54% year-on-year to 150.5 billion rubles, largely due to taxes and a weaker ruble. The company's top-line performance also slipped, with first-half revenue dropping 12% to 1.775 trillion rubles [2].

The financial results of Gazprom and its subsidiary highlight the challenges faced by Russian energy companies in the current geopolitical and economic environment. Despite the headwinds, both companies have continued to focus on project execution and operational improvements to maintain their financial health.

References:
[1] https://www.aa.com.tr/en/energy/natural-gas/gazprom-posts-131-million-loss-in-1h25/50746
[2] https://oilprice.com/Latest-Energy-News/World-News/Gazprom-Neft-Earnings-Halved-In-H1-On-Taxes-Weak-Ruble.html