This story requires a subscription
This includes a single user license.
Novatek reported a profit attributable to shareholders of 183 billion rubles ($2.36 billion) last year.
This compares to 493.5 billion roubles in 2024.
The company’s net profit reached 225.6 billion rubles in the first six months of last year, a drop of 33.9 percent year-on-year.
According to Novatek, normalized profit attributable to shareholders, excluding the effect of foreign exchange gains (losses), reached 207 billion rubles in 2025, down compared to 553 billion rubles in 2024.
Novatek said the group’s normalized profit in 2025 was “significantly negatively affected by one-off non-cash items, the effect of which amounted to 301 billion rubles.”
In 2025, Novatek’s total revenues and normalized Ebitda, including its share in the Ebitda of joint ventures, amounted to 1,446 billion rubles and 859 billion rubles, respectively, representing decreases of 6.5 percent and 14.7 percent as compared to 2024.
Last month, Novatek announced that the company’s natural gas sales reached 76.6 bcm in 2025.
This marks a decrease of 1.5 percent compared with 2024.
Novatek did not break down the 2025 gas sales just to LNG.
Moreover, Novatek’s gas production increased 0.6 percent year-over-year to 84.57 bcm in 2025.
In 2025, Novatek’s hydrocarbon production totaled 673 million barrels of oil equivalent (mmboe), including 14.11 million tons (mmt) of liquid hydrocarbons (gas condensate and crude oil).
Novatek stated that this marks a 10.9 percent year-over-year increase.