Russian coal firms report 153.3B RUB loss in H1 2026
The net loss of Russia's coal companies in January-June 2026 amounted to 153.3 billion rubles, following a loss of 185.2 billion rubles in the same period last year.
Consensus
- Russian coal companies reported a net loss of 153.3 billion roubles in the first half of 2026.
- The net loss in the first half of 2025 was 185.2 billion roubles.
- The share of profitable coal companies in Russia was 32.7% in the first half of 2026.
- The share of unprofitable coal companies in Russia was 67.3% in the first half of 2026.
- The PMI for the processing sector in Russia fell to 48.8 in August 2026.
- The PMI value below 50 indicates a decline in business activity in the sector.
- Production decline in the processing sector was linked to reduced new orders and buyer liquidity.
- Operating expenses in the processing sector increased, driven by higher fuel and imported goods prices.
- Companies in the processing sector continued to reduce staff due to lower order inflows.
- The level of optimism among Russian manufacturers improved from July 2026 but remained below the annual average.
Points of divergence
- The saldированный loss of Russian coal companies in 2025 was 408 billion roubles, compared to 112.6 billion roubles in 2024. — interfax
- The PMI for the processing sector was below 50 points in spring 2026, with a reading of 48.1 in April and 48.3 in March. — vedomosti
- The Russian government extended the tax deferral for coal companies until February 28, 2026, and later provided a new deferral until April 30, 2026, with installment payments from May to November 2026. — interfax
- The PMI for the processing sector rose to 50.7 in July 2026 and 50.3 in June 2026. — vedomosti
Coverage (5 sources)
- Net loss of Russian coal companies in the first half of the year amounted to 153.3 billion rubles — Интерфакс
- Investments in fixed capital in the Russian Federation fell by 9.9% in the first half of the year — Интерфакс
- Consolidated profit of enterprises of the Russian Federation in the first half of the year fell by 13.3% — Интерфакс
- Business activity in Russia's processing sector returned to decline — Ведомости
- Russia's manufacturing PMI index in August fell to 48.8 points — Интерфакс