Public Joint Stock Company Gazprom (GAZP) Q2 2025 earnings summary

Executive summary

• Consolidated interim condensed financial information for the six months ended 30 June 2025 was reviewed and found to be prepared in accordance with IAS 34, with no material misstatements identified.

• The Group operates in gas, oil, electric power, and media segments, with the Russian Federation as the ultimate controlling party holding over 50% ownership.

Financial highlights

• Revenue for six months ended 30 June 2025 was RUB 4,989,693 million, down from RUB 5,088,055 million year-over-year.

• Net profit for the period was RUB 1,034,473 million, compared to RUB 1,095,966 million for the same period last year.

• Basic and diluted EPS for six months was RUB 40.23, down from RUB 43.19 year-over-year.

• Cash and cash equivalents decreased to RUB 537,263 million from RUB 991,889 million at year-end 2024.

• Net cash from operating activities was RUB 1,430,001 million, while net cash used in investing and financing activities was RUB 1,506,743 million and RUB 324,089 million, respectively.

Outlook and guidance

• Management is monitoring the impact of ongoing sanctions, economic volatility, and regulatory changes, but does not foresee threats to business continuity.

• The Group is assessing the impact of new and upcoming IFRS standards and amendments, with no significant effects expected in the current period.