At the end of 2025, the net loss of PJSC "KAMAZ" under Russian accounting standards (RAS) increased 11 times and reached 37 billion rubles.
The company's loss from sales amounted to 22.9 billion rubles, while in 2024 KamAZ received a profit of 909 million rubles. Gross profit in 2025 decreased almost 32 times to 757 million rubles. Revenue decreased by 2.5% and amounted to 315.2 billion rubles.
Interest expenses for the year increased to 35.6 billion rubles against 21.4 billion rubles a year earlier. Against the background of deteriorating financial performance, the company's management notes the continuing problems in the market for trucks.
On December 22, 2025, KAMAZ CEO Sergey Kogogin stated that the company expects a reduction in truck sales by approximately 20%. According to him, there are no positive signals about the recovery of the market yet, and the market itself has been in a state of deep crisis throughout the year.
Among the key reasons for the current situation, Kogogin named the high key rate, inflation, market saturation in 2023, and overstocked warehouses in 2024. The very next day, the company presented its development strategy until 2030 with a forecast until 2036. In accordance with it, KamAZ expects to increase revenue to 977 billion rubles by 2036, and the share of exports to 17%. The strategy assumes an average annual revenue growth of 7.9% over the next ten years.
