Record growth of Russian business losses at the end of 2025

The aggregate loss of Russian organizations in 2025 increased by 7.5%, reaching a critical mark of 8.9 trillion rubles. According to Rosstat data cited by Vedomosti, the total number of loss-making companies reached 17,200 (or 27.1% of the market). Against this backdrop, the net profit of the profitable sector decreased by 1.3% to 35.9 trillion rubles, leading to a drop in the total balanced financial result of the entire economy by 3.9% — to 27 trillion rubles.

Sectoral degradation of financial indicators

The most massive decline in profit was recorded in strategic sectors: motor vehicle production collapsed by 79.7%, freight transportation by 77.4%, and oil and gas extraction by 63.9%. In several industries, the share of loss-making enterprises exceeded the critical threshold of 50%. Leaders in deficit were the coal industry (66.1% of loss-making companies), the utilities sector (63.8%), and hydrocarbon extraction (50.9%), indicating a systemic crisis in profitability.

Analytical conclusions and consequences

This dynamic is characterized as Усиление давления (Increased pressure) on the state’s resource base. The sharp decline in profit in the extraction sector and the automotive industry testifies to the inefficiency of import substitution and rising costs for logistics and servicing sanction risks. In 2026, this will inevitably lead to a reduction in tax revenues to the budget and a decrease in private business investment activity, undermining the long-term resource of the system.

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