The financial statements of the largest communication operators for the first half of 2025 showed a serious decrease in net profit, Kommersant writes. For Megafon, the fall amounted to 36% (up to 17.1 billion rubles), MTS – 83.5% (up to 7.6 billion rubles), for Rostelecom – 50.7% (up to 12.8 billion rubles). The exception was Vimpelcom, where the profit increased by more than four times – to 15 billion rubles.
The capital costs of most companies also either decreased or almost did not increase: for MegaFon – minus 12.6%, for MTS – plus 3%, for Rostelecom – plus 1%. Only Vimpelcom demonstrated an increase in investment by 64%.
At the same time, the revenue increased in all operators: by 4–12%. At MTS, it amounted to 370 billion rubles, for Rostelecom – 393 billion rubles, for MegaFon – 241 billion rubles, for Vimpelkom – 158 billion rubles. But the free cash flow in MTS decreased by almost 86%, and at Rostelecom went into minus.
Companies explain the fall in profit with a high key rate, which makes debts more expensive. In Megafon and Rostelecom also indicate the optimization of expenses. In MTS, the decrease is also associated with a high base last year after the sale of a business in Armenia.
