Sovcomflot's IFRS EBITDA drops 20% QoQ in Q3 2025, slightly below forecast

MOSCOW. Nov 14 (Interfax) - Sovcomflot reported EBITDA of $126 million in Q3 2025, a drop of 20.3% quarter-on-quarter, the company said in a financial statement.

This result was slightly below the consensus forecast of EBITDA totaling $131 million.

Sovcomflot generated $262 million in time charter equivalent (TCE) revenue in Q3 versus the Interfax consensus forecast of $260 million.

Sovcomflot swung to net profit of $37 million to International Financial Reporting Standards in Q3 2025 from a net loss of $42 million in Q2 2025, with an adjusted net loss of $27.5 million versus an adjusted net profit of $20.7 million, on which dividends are based, in Q2.