Fitch Forecasts $46B in Revenue for SOCAR in 2025, Citing Market Stability
Recently, Fitch Ratings projected that the State Oil Company of Azerbaijan (SOCAR) will generate approximately $45.94 billion in gross revenue in 2025.
According to the agency, SOCAR's earnings before interest, taxes, depreciation, and amortization (EBITDA) are expected to reach $3.32 billion in 2025. Fitch noted that favorable oil and gas prices have strengthened SOCAR's financial profile.
The agency estimated that SOCAR's revenue for 2024 will amount to $50.61 billion, with an operating EBITDA of $3.54 billion. Additionally, the company's EBITDA margin is expected to rise from 7% in 2024 to 7.2% in 2025.
Fitch attributed SOCAR’s higher profitability compared to its Central Asian counterparts, such as KazMunayGaz and Uzbekneftgaz, to its relatively large trading operations.
See Also
Zakharova Discusses Record Trade, Armenia’s EU Membership Potential, and Trilateral Working Group in Russia-Armenia Relations
Armenian Government to Cease Social Payments to Able-Bodied Karabakh Displaced Persons Starting April 1
Mirzoyan’s Visit to Kazakhstan Focuses on Strengthening Bilateral Relations, Peace Agreement, and Economic Cooperation
Ramzan Kadyrov's Son Awarded Rosgvardia Medal "For Combat Distinction"
