KAMAZ cuts IFRS net loss by 29.5%
Long-term commitments decreased to 118.1 billion rubles from 176.4 billion rubles, including loans and advances which fell to 96 billion rubles from 154.7 billion rubles, respectively.
Consensus
- KAMAZ's net loss according to IFRS in the first half of 2026 decreased by 29.5% compared to the same period of the previous year.
- The net loss amounted to 21.8 billion rubles.
- Consolidated revenue increased by 7% in the first half of 2026.
- Revenue growth was driven by the bus, electric bus, special-purpose vehicle, and financial leasing segments.
- Sales of the K5 flagship vehicle model increased 1.5 times in the first half of 2026.
- The overall market for heavy trucks declined by 15% in the first half of 2025 compared to the same period in the previous year.
- Gross profit decreased by 19% to 13 billion rubles.
- Operating loss decreased by 55.5% to 8 billion rubles.
- Cost of sales increased by 10% to 151.8 billion rubles.
- Short-term liabilities rose to 435.6 billion rubles by the end of the first half of 2026.
Points of divergence
- KAMAZ plans to increase deliveries of K5 vehicles to customers and dealers in the second half of 2026 to improve medium-term liquidity and support supplier stability. — interfax
- The company expects the K5 deliveries to help complete ongoing development projects and improve reliability of special-purpose vehicles. — interfax
- Interest expenses in the first half of 2026 were 18.6 billion rubles, nearly unchanged from the same period in the previous year. — interfax
- Short-term liabilities increased due to a 57.4% rise in loans and borrowings (to 193 billion rubles) and a 67.7% increase in creditor debt (to 139.5 billion rubles). — interfax
- Long-term liabilities decreased to 118.1 billion rubles, with loans and borrowings dropping to 96 billion rubles. — interfax
- KAMAZ previously reported under RSBU for the first half of 2024 a revenue of 127.2 billion rubles and a net loss of 13.9 billion rubles. — interfax
- KAMAZ's cost of sales increased by 10%, reaching 151.8 billion rubles. — kommersant
- KAMAZ's gross profit decreased by 19%, reaching 13 billion rubles. — kommersant
- KAMAZ's operating loss decreased by 55.5%, reaching 8 billion rubles. — kommersant
Coverage (2 sources)
- "KAMAZ" reduced net loss under IFRS by 29.5% in the first half of the year to 21.8 billion rubles — Интерфакс
- KAMAZ reduced net loss under IFRS by 29% — Коммерсантъ