Alrosa’s Profit Nearly Doubles in 2025

Alrosa’s profit rose 88% for the full year despite slow demand as the miner benefited from a weak ruble and cost-cutting measures.

Profit came to RUB 36.2 billion ($468.4 million) in 2025, the company said last week. While 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.

Additionally, 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.

Meanwhile, revenue slipped 1.7% to RUB 235.1 billion ($3 billion).

Alrosa’s diamond reserves grew 14% by value to RUB 148.6 billion ($1.92 billion). The company has lowered its output forecast for 2026. It expects to produce 25 million to 26 million carats, compared to 29.7 million carats in 2025.

Image: Rough diamonds. (Alrosa)