Updated: 14 августа, 2026 2:39 пп
The State Oil Company of the Republic of Azerbaijan (SOCAR) has published its consolidated financial statements for 2025. According to the document, the company’s revenue for the reporting period reached 86.3 billion manats ($50.8 billion), while gross profit stood at 12.6 billion manats ($7.4 billion).
The company noted that results for the past year were influenced by geopolitical instability in global energy markets, energy security issues, and growing demand for natural gas. Under these conditions, SOCAR focused on cost optimization and expanding its international presence.
Key Financial Indicators
The company’s operating profit in 2025 increased by 80% compared to the previous year, reaching 5.2 billion manats ($3.1 billion). Net profit was recorded at around 3 billion manats ($1.8 billion). EBITDA (earnings before interest, taxes, depreciation, and amortization) grew by 26% to 10.9 billion manats ($6.4 billion).
The main sources of revenue were sales of crude oil, natural gas, as well as petroleum products and chemical products. Meanwhile, cash flow from operating activities showed substantial growth, rising by 136% year-on-year.
Investments and Strategic Projects
Throughout 2025, SOCAR implemented a number of major investment initiatives. These included acquiring an 80% stake in the Bahar and Gum-Deniz fields, as well as securing a 10% participating interest in the Israeli Tamar gas field in the Mediterranean Sea. In addition, the company continued developing petrochemical and energy projects in Turkey and invested in digital infrastructure.
As the country’s largest taxpayer, SOCAR paid 3.8 billion manats ($2.2 billion) into the state budget in 2025. This amount includes dividends, taxes, and social expenditures. In total, from 2021 to 2025, the company’s total payments to the state amounted to 15.9 billion manats ($9.4 billion), while state investments in the company over the same period totaled 1.6 billion manats ($941 million).
The company’s financial statements as of December 31, 2025, underwent an independent audit and received an unqualified opinion from Ernst & Young Holdings (CIS) B.V.
Source: Jnews.az
