FESCO Forecasts Profit and EBITDA Growth for 2026
FESCO expects a positive financial result and growth in EBITDA for 2026, despite a decline in first-half 2026 profits, attributing the performance to market conditions and a shift in revenue to the second half of the year.
Consensus
- FESCO expects a positive financial result for 2026.
- FESCO expects to finish 2026 with net profit and growth in EBITDA compared to 2025.
- The first half of 2026 saw a decline in net profit compared to the same period in 2025.
- Revenue for the first half of 2026 increased by 5% to 92 billion rubles.
- EBITDA for the first half of 2026 decreased by 33.7% to 13.12 billion rubles.
- The company attributes the first-half results to market conditions and expects financial performance to shift to the second half of 2026.
- FESCO operates in port, rail, and integrated logistics sectors.
- FESCO is part of the Rosatom management circle.
- FESCO owns the Vladivostok Sea Trade Port, FESCO Integrated Transport, Dальрефтранс, Transgarant, and FESCO Trans.
- FESCO manages terminal complexes in Novosibirsk, Khabarovsk, Tomsk, Vladivostok, and Kaliningrad.
- FESCO has a container fleet of about 200,000 TEU and nearly 15,000 flat racks.
- FESCO's fleet includes over 30 ships operating primarily on its own maritime lines.
Points of divergence
- The first half of 2025 had a higher market level than the first half of 2026. — kommersant
- The growth in rates occurred only closer to summer, in the third quarter of 2026. — interfax
- The controlling stake (92.5%) in PAO 'Far Eastern Shipping Company' (DVMP) was transferred to Rosatom by presidential decree in 2023. — interfax
Coverage (2 sources)
- Ivanov: FESCO expects profit and EBITDA growth according to IFRS by the end of 2026 — Коммерсантъ
- FESCO expects profit and EBITDA growth according to IFRS by the end of 2026 — Интерфакс