Public Joint Stock Company Gazprom (GAZP) Q3 2025 earnings summary

Executive summary

• Revenue for the nine months ended 30 September 2025 was RUB 7,165,136 million, down from RUB 7,499,593 million year-over-year.

• Net profit for the same period was RUB 1,182,594 million, an increase from RUB 1,057,747 million year-over-year.

• Comprehensive income attributable to owners was RUB 1,117,258 million for the nine months, up from RUB 967,573 million year-over-year.

• The audit review concluded the financial information is prepared in accordance with IAS 34, with no material misstatements identified.

Financial highlights

• Operating profit for the nine months was RUB 1,093,572 million, down from RUB 1,420,359 million year-over-year.

• Basic and diluted EPS for the nine months was RUB 44.90, up from RUB 39.86 year-over-year.

• Cash and cash equivalents decreased to RUB 675,617 million as of 30 September 2025 from RUB 991,889 million at year-end 2024.

• Total assets increased to RUB 31,455,796 million from RUB 30,698,255 million at year-end 2024.

• Total equity rose to RUB 18,693,931 million from RUB 17,660,962 million at year-end 2024.

Outlook and guidance

• Management is monitoring the impact of ongoing sanctions and economic volatility but does not foresee issues with business continuity.

• The Group is taking measures to support sustainability and development amid challenging market conditions.