ALROSA 2025 Profit Climbs 88% to 36.2bn Roubles, Fueled by Cost Cuts

ALROSA reported a full-year net profit of 36.2 billion roubles for 2025, a rise of roughly 88% (88.3% in some accounts), while revenue fell 1.7% to 235.1 billion roubles. Using the exchange rate published with the results, $1 = 77.2955 roubles, the profit converts to approximately $468.33 million and the revenue to just over $3 billion.

Company actions and currency dynamics drove the improvement. Cost cuts and operational pruning included pausing lower-producing assets and trimming investment-property spending, steps the company took during the downturn to preserve cash. Rapaport noted, "Alrosa reduced its mining activity, pausing some of its lower-producing assets to save money during the downturn. It also cut its spending on investment properties and invested more heavily in gold to offset low diamond demand."

The balance between a ruble cost base and dollar revenue also created a material FX uplift. Rapaport summarized the mechanics succinctly: "Alrosa makes most of its payments in rubles, it earns revenue primarily in US dollars, meaning the company gained an advantage when the price of the Russian currency dropped compared with its US counterpart." Industry commentary cited a weaker ruble as a tailwind that helped margins despite softer pricing and lower trading volumes in the rough market.

The result arrives against a backdrop of disrupted trade flows and weak rough-diamond demand. Diamondworld observed, "The growth in profit came despite challenging market conditions for the global diamond industry. Revenue for the year declined slightly to 235.1 billion rubles, reflecting subdued demand across the rough diamond market and continued disruptions in global trade flows." The rebound also follows a severe 2024 setback when net profit plunged 77.3% after Group of Seven countries banned direct imports of Russian diamonds.

ALROSA’s 2025 operational calendar shows the sequence of those adjustments: the company paused production at less profitable mines in March 2025, its board recommended no dividend payout in April 2025, and a first-half net profit of 40.6 billion roubles was reported in August 2025. Other 2025 developments included state interest in buying company diamonds and the replacement of ALROSA in the Angolan miner Catoca by an Omani fund. Management has guided production for 2026 at about 25 to 26 million carats, a signal that the company expects to sustain material output despite asset pauses.

The firm remains listed on the Moscow Exchange as MCX: ALRS and is led by CEO Pavel Marinychev with Anton Siluanov chairing the supervisory board. ALROSA’s strategic pivot toward cost discipline and selective portfolio moves, including increased investment in gold, has delivered a near-term profit recovery; whether that recovery translates into steady supplies of rough for cutters and jewelers will depend on how the company balances paused assets, dividend policy and ongoing trade restrictions into 2026.