Efficient and profitable operations

Due to its ongoing efforts to increase efficiency, Russian Railways is quickly improving its financial performance and operating at healthy margins.

For more details see the Analysis of Financial Results section

EBITDA of Russian Railways, RUB bn Under RAS.

Key initiatives until 2025:

  • Expanding revenue sources by bringing in additional freight and passenger volumes (by 2025, under the base case scenario of the Long-Term Development Programme, EBITDA is expected to grow to RUB 790.8 bn compared to RUB 380.2 bn in 2018);
  • Improving internal efficiency and optimising operating expenses (the programme to optimise expenses will total RUB 1 tn);
  • Using the net profit of Russian Railways to finance investments (up to RUB 138.6 bn by 2025 under the base case scenario).