ALROSA's gross profit fell by 37% to 33.9 billion rubles ($417.5 million) in the first nine months of 2025 amid a downturn in the global diamond market.
The diamond miner's revenue under Russian Accounting Standards (RAS) decreased by 5% to 156.7 billion rubles.
Sales profit fell by 47% to 19 billion rubles amid a negative situation in the global diamond market, characterized by a protracted inventory optimization cycle in the cutting and polishing segment, as well as in retail, now in its second year.
Meanwhile, ALROSA's net profit increased by 26% year-on-year to 35.7 billion rubles thanks to an influx in non-core earnings, primarily from the sale of a stake in the Angolan joint venture Catoca.
The company maintained its long-term forecast for diamond price growth of 2% in dollar terms. Furthermore, the strengthening of the ruble by September 30, 2025, has led to a reduction in the company's debt obligations.
Theodor Lisovoy, Managing Editor, Rough&Polished
