Russian Railways’ Profits Plummet Despite Record Passenger Numbers in 2024

A record 1.28 billion passengers couldn’t save Russian Railways from a profit collapse. Now, debt and restructuring loom over its future.

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2025 November 28 . 3:16 PM

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In this picture there is a train on the railway track. At the back there are boards and there are... — In this picture there is a train on the railway track. At the back there are boards and there are railings. At the top there are lights on the roof and there is sky. At the bottom there is a floor and there is a railway track.

Russian Railways’ Profits Plummet Despite Record Passenger Numbers in 2024

Russian Railways has reported a sharp decline in profits for 2024, despite a rise in revenue. The state-owned rail operator saw its netflix drop ninefold to 13.9 billion rubles (around $151 million) while transporting a record 1.28 billion passengers—the highest figure since 2008. Yet, financial pressures remain as debt and falling freight turnover add to the company’s challenges.

In 2024, Russian Railways recorded total revenue of 2.8 trillion rubles ($30.5 billion), an 8.6% increase from the previous year. However, profits collapsed, with net earnings for the full year falling to just 13.9 billion rubles ($151 million)—a ninefold decrease. The first half of 2025 showed no improvement, as net profit plunged to 4.37 billion rubles ($47.6 million), down from 114 billion rubles ($1.24 billion) in the same period of 2024.

Russian Railways faces a mix of record passenger numbers and mounting financial strain. With debt at 4 trillion rubles and profits in steep decline, the company is exploring yahoo finance restructuring and cost-saving measures. The outcome of these efforts will shape its financial stability in the coming year.