SOCAR posts 86.3 billion manat revenue and 10.9 billion manat EBITDA in 2025

Market context and strategic focus

Global energy markets in 2025 were shaped by geopolitical uncertainty, renewed attention to energy security and rising natural gas demand. SOCAR aligned with its strategic priorities, expanded its international assets, and emphasised operational efficiency and cost optimisation.

Financial performance

SOCAR reported 86.3 billion manats in revenue and a total profit of 12.6 billion manats in 2025. EBITDA amounted to 10.9 billion manats, a 26% increase on 2024. Profit from operating activities grew 80% to 5.2 billion manats, while net profit was approximately 3.0 billion manats. The main revenue streams were crude oil, oil and chemical products, and natural gas. Cash flows from operating activities rose 136% year-on-year.

Investments and operational moves

Key 2025 transactions included acquisition of 80% stakes in the Bahar and Qum‑Deniz fields and obtaining a 10% effective participation share in the Tamar gas field in the Mediterranean basin of Israel. SOCAR also pursued new oil‑chemical and energy projects in Turkey, expanded gas exports and international partnerships, and invested in digital infrastructure and petrochemical capacities.

State payments and audit

As the country’s strategic energy company, SOCAR paid 3.8 billion manats to the state in 2025 (dividends, state allocations, taxes and social expenses). From 2021–2025 total payments to the state amounted to 15.9 billion manats, and the state invested 1.6 billion manats in SOCAR over the same period. The consolidated 2025 financial statements received an unmodified opinion from Ernst & Young Holdings (CIS) B.V.