Russia's largest supermarket chain suffers its first net loss in 20 years

Although Magnit's revenue for the year increased by 11% to 3.1 trillion rubles ($33.5 billion), sales profit fell by 13% to 138.7 billion rubles ($1.5 billion). But the main reason for the company's financial problems was debt: due to the high key interest rate, Magnit's interest payment expenses on loans increased by 74% over the year to 163.9 billion rubles ($1.77 billion).

Magnit's loss is not an exception but a trend, as the Central Bank's high rate puts pressure on the entire real sector, the article wrote.

Russian oil and gas revenues collapsed in 2025 to their lowest level since the coronavirus pandemic.

The Russian budget may face a substantial deficit in early 2026 due to a shortfall in oil and gas revenues, the aggressor country's government admitted.

Financial condition of medium and large Russian enterprises has continued to deteriorate, demonstrating growing imbalances in the corporate sector, Ukrainian intelligence stated.

Over half of large companies in Russia ended 2025 with falling profits, reducing or completely freezing investment projects, and many of them are preparing to lay off employees.

About 300 companies are preparing to close in Russia, it became known on Feb. 24, 2026.

Seventy-four Russian regions found themselves in a financial hole at the same time for the first time in history.

The hole in the country's treasury is growing at a record pace, Russian Finance Ministry admitted.

Over 17,000 Russian enterprises simultaneously reported losses, Rosstat admitted.

VkusVill became the first major grocery retailer in Russia to begin scaling back its retail network, closing 286 stores by the end of 2025.