Gross profit rose to 6 billion rubles compared to 2.9 billion last…
Gross profit rose to 6 billion rubles compared to 2.9 billion last year. Revenue decreased by 3% to 382.1 billion rubles, while operating loss amounted to 17.1 billion rubles compared to a profit of 22.8 billion rubles in the previous year.
Consensus
- Both companies published their financial results for the first half of 2026.
- Novatek reported a decline in net profit, while Kamaz reported a reduction in its net loss compared to the same period last year.
- Kamaz's gross profit increased from 2.9 billion rubles to 6 billion rubles between the two periods.
Points of divergence
- Novatek's net profit decreased by 3.1% year-on-year, reaching 218.7 billion rubles; normalized profit excluding exchange rate differences fell by 8.7%, and EBITDA dropped by 8.8%. — kommersant
- Novatek's capital expenditures increased by 20% year-on-year to 91.7 billion rubles, while long-term assets decreased by 8.8% and long-term liabilities dropped by 9.6%. — kommersant
- Kamaz's net loss under RSBU was 13.9 billion rubles in the first half of 2025, a 33.4% decrease compared to the same period in 2024. — vedomosti
- Kamaz's revenue for the first half of 2025 was 127.2 billion rubles, down by 0.3% year-on-year, and cost of sales decreased by 3%. — vedomosti
- Kamaz's production efficiency improved with a 5.6% increase in labor productivity over six months. — vedomosti
- In 2025, Kamaz reported an operating loss of 17.1 billion rubles compared to a profit of 22.8 billion rubles the previous year and a net loss under IFRS of 43 billion rubles. — vedomosti
- Kamaz presented its development strategy for 2025–2036, aiming to increase revenue to 977 billion rubles by 2036 with an average annual growth of 7.9%. — vedomosti
Coverage (3 sources)
- Novatek's net profit under IFRS fell by 3% in the first half of the year — Коммерсантъ
- KAMAZ reduced losses by a third in the first half of the year — Коммерсантъ
- Kamaz reduces net losses by a third in the first half of the year — Ведомости