State-owned oil transportation company JANAF reported a notable decline in earnings for 2025, closing the year with a net profit of around 34 million euros, approximately 30 % lower than in 2024.
Total revenue for the year reached nearly 127 million euros, with gross profit at about 42 million euros. Core net earnings stood at 34 million euros, reflecting the challenging environment faced by the company.
The backbone of JANAF’s operations—crude oil transportation and storage of oil and petroleum products—generated 116.5 million euros in revenue. Of this, over 78 million euros came from international clients, while the domestic market contributed 38 million euros from core activities.
Management attributed the performance drop to a demanding global environment, including geopolitical tensions, changing international regulations, and oil market volatility. Despite these challenges, JANAF emphasized that its financial position remains solid, supported by coordinated efforts from state authorities, company leadership, and employees.
The company highlighted that its results continue to exceed national corporate averages, providing a foundation for advancing strategic initiatives. Looking ahead, JANAF plans to diversify its portfolio, including expansion into renewable energy segments, and prepare for upcoming projects in Kazakhstan, as part of a long-term transition toward becoming a modern, multi-segment energy player.
