Russian group Gazprom announced on Thursday that net profit rose 7% in 2025 to 1.3 trillion rubles ($17.3 billion), on the back of the appreciation of the ruble, which had a positive effect on its foreign currency debt, TASS and Reuters report, quoted by Agerpres.
However, core profit (earnings before interest, taxes, depreciation and amortization) fell 6% last year to nearly 3 trillion rubles.
According to Reuters calculations, Gazprom's pipeline exports to Europe are set to decline by 44% in 2025, to the lowest level since the mid-1970s.
TurkStream is the only pipeline through which Gazprom exports Russian gas to Europe, after the explosion of the Nord Stream pipeline in 2022.
Also, Gazprom announced on Thursday that its revenues in 2025 fell by 8.8%, to 9.77 trillion rubles.
The company reiterated that its gas exports to China rose nearly 25 percent last year, while domestic gas sales climbed 8 percent.
Gazprom plans to allocate 2,540 billion rubles ($33.9 billion) to investments this year, up from a level of 2,863 billion rubles ($38.2 billion) in 2025.
