Russian state-owned transport and logistics group FESCo reported an increase in container volumes for 2025, while financial performance declined amid challenging market conditions.
The company handled a total of 648,000 TEU during the year, representing a 7% increase compared to 2024. Growth was primarily driven by domestic container volumes, which rose by 18% year-on-year to 123,000 TEU. International shipments also recorded a more moderate increase of 5%, reaching 525,000 TEU and accounting for the majority share of total volumes.
Despite the operational growth, FESCo’s overall turnover, including non-shipping activities, declined by 7% to RUB 172 billion (approximately USD 1.83 billion). Earnings before interest, taxes, depreciation and amortisation (EBITDA) dropped significantly, falling to RUB 28.4 billion (around USD 303 million), nearly half the level recorded in the previous year.
The company reported a net loss of RUB 3.17 billion for 2025, compared to a positive result in the prior year.
According to market observations, part of the financial pressure may be linked to currency fluctuations, particularly the strengthening of the Russian ruble against the US dollar, which can impact revenue conversion and cost structures in international operations.
Overall, while FESCo demonstrated resilience in cargo volumes—especially in the domestic segment—its financial results reflect broader economic and currency-related challenges affecting the business environment.
