Russia's Volga Shipping Company incurred a net loss of RUB6.1 billion (US$79 million) during full year 2025.
In 2024, the company posted net profit totalling RUB579.4 million (US$7.51 million). In 2023, net profit reached RUB11 billion (US$140 million).
Volga Shipping posted total revenues of RUB13.76 billion (US$180 million) in 2025 whereas gross loss incurred was RUB2.43 billion (US$32 million).
Dmytro Prytula, General Director of Volga Shipping, reported that the company completed the main phase of its fleet renewal program in 2025 wherein new vessels were welcomed into service while older tonnage was retired in a bid to preserve equity and reduce operating costs.
The company's cargo volumes experienced a decrease of 22 per cent in 2025 compared to the previous year, ending at 7.87 million tons. In a statement, the company said the drop in volumes was, "due to the lack of a marginal cargo base in the market at the beginning of 2025 and downtime during the passage of the Kerch-Yenikalsky Canal and the Kochetovsky hydroelectric complex."
