Wedoany.com Report on Mar 14th, Russian tanker operator Sovcomflot recently released its annual financial report for the period ending December 31, 2025. Data shows the company's total revenue reached $1.31 billion, with time charter equivalent revenue amounting to $1.07 billion, and EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) at $526 million.

On an adjusted basis, Sovcomflot recorded a net loss of $6 million, a significant decline compared to the net profit of $509 million in the previous year. Calculated under statutory standards, the group's net loss widened to $648 million, primarily impacted by $550 million in non-cash impairment charges and exchange rate fluctuations, factors related to the political environment and international rules.

Sovcomflot stated that its operations faced external pressures during the reporting period, but through a diversified fleet and long-term contracts, the company maintained financial stability. Annual operating costs increased from $419 million to $431 million, while general and administrative expenses rose to $98 million. The group emphasized that its business model demonstrated resilience in coping with restrictive measures.

As of the end of 2025, Sovcomflot's total assets were $6.94 billion, with cash and financial assets totaling $1.52 billion. Net debt significantly increased from $28 million in 2024 to $359 million, reflecting the impact of sanctions on its financial structure.