US EditionRussia’s Gazprom Turns to Profit in Q3
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3 Articles
Russia’s Gazprom Turns to Profit in Q3
Russian gas giant Gazprom booked a net income for the third quarter versus a loss a year earlier, when it was hit by a one-off tax for the Russian budget. Gazprom, which in 2023 booked its first annual net loss in 23 years on the plunge of its gas sales to Europe, has started making profits again in recent months. Last year, Gazprom returned to a yearly profit, earning the equivalent of $14.8 billion. For the third quarter of this year, the Russ…
The company's nine-month profit rose to 1.12 trillion rubles, representing a year-on-year growth of 13 percent.
Gazprom reported a net profit of 134.2 billion rubles (1.34 billion euros) in the third quarter of 2025, after the company recorded a loss of almost 53 billion rubles (0.53 billion euros) in the same period last year, according to the company's report. For the first nine months of the year, profit attributable to shareholders amounted to 1.17 trillion rubles (11.7 billion euros), but the figure is below the expectations of analysts consulted by …
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