Russia’s largest gold mining company, Polyus, reported a solid financial performance for 2025, posting a 12% increase in pretax profit to reach $6.3 billion.
The company announced on Monday that its earnings before interest, taxes, depreciation, and amortization (EBITDA) rose compared with the previous year, reflecting strong operational efficiency and favorable market conditions in the gold sector.
However, despite the higher profit, the miner experienced a slight decline in adjusted net income. According to the company’s statement, adjusted net profit fell by 3% in 2025, totaling $3.3 billion.
Production also saw a notable decrease during the year. Gold output dropped by 16%, reaching approximately 2.5 million ounces. The decline in production highlights operational challenges faced by the company even as it managed to maintain strong financial results.
Polyus remains Russia’s leading gold producer and one of the largest gold mining companies globally, with key mining assets located in Siberia and Russia’s Far East.
The results underline the company’s ability to generate strong profits despite lower production volumes, supported in part by resilient gold prices and cost management. Photo by Stevebidmead, Wikimedia commons.