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Main article: KamAZ
2025: Debt growth by 40% to 220 billion rubles
In mid-August 2025, it became known that KamAZ's debts on an annualized basis increased by about 40%. This is due, in particular, to the crisis in the truck market Russia weighing over 14 tons - the sector decreased by almost 60%.
According to the Kazan business newspaper Business Online, as of the beginning of July 2025, KamAZ's total debts to creditors amounted to 220 billion rubles. For comparison, a year earlier they were at the level of 155 billion rubles. Thus, over the year, the company's debt obligations increased by 65 billion rubles. In the first half of 2025, the company's net loss amounted to 20.8 billion rubles, while a year earlier it showed a profit of 641 million rubles.
KamAZ itself identifies several factors that have a negative impact on the industry. This is the monetary policy of the Central Bank, which led not only to the impossibility of purchasing new equipment using financial instruments in the form of credit and leasing, but also forces transport and other companies to return the equipment previously leased to the lessor. In addition, importers of foreign equipment, despite forecasts for a decrease in the market, imported an excessive number of cars. As a result, as of July 2025, there are more than 30 thousand trucks in the warehouses of these companies, which cannot find their buyers even with lower prices.
In the current market situation, from August 1, 2025, KamAZ was forced to transfer its employees to a four-day work schedule. This solution applies only to those departments that do not have a full load.
 | The lack of market growth prospects and the pressure of the remnants of importers' equipment force us to show responsibility and take unpopular but necessary measures to reduce production and announce the introduction of a one-day working week, the company notes.[1] |  |
2024: Loss growth to 3.4 billion rubles
At the end of 2024, the Russian truck manufacturer PJSC KamAZ recorded a net loss of 3.4 billion rubles. For comparison, a year earlier, the company received 11.9 billion rubles of net profit. This is stated in a message dated February 7, 2025.
The automaker's revenue amounted to 323.4 billion rubles, compared with 354.7 billion rubles in 2023. Thus, the fall was at the level of 8.8%. Gross profit decreased 1.4 times - to 24.2 billion rubles. Profit from sales decreased from 14.3 billion rubles in 2023 to 909.4 million rubles in 2024.
At the same time, income from participation in other organizations increased. If in 2023 they amounted to 1.9 billion rubles, then in 2024 they reached 2.5 billion rubles. Commercial expenses for the year increased from 9.1 billion rubles to 9.7 billion rubles.
In 2024, KamAZ sold approximately 20.3 thousand trucks on the Russian commercial equipment market with a total weight of over 14 tons (the standard adopted in the Russian Federation), while maintaining its leadership position. In the segment weighing from 8 to 14 tons, the company's sales amounted to 4.15 thousand units of equipment. In addition, KamAZ shipped more than 2.2 thousand buses and electric buses, which is a historical maximum. It is emphasized that in 2024 the main efforts of the enterprise were aimed at the supply of vehicles to protect the country's borders. Nevertheless, the company's engineers continued to work on the development of a family of fifth-generation machines (K5).
At the end of 2024, KamAZ became the most expensive car brand in Russia - its cost reached 80.1 billion rubles. The assessment was formed in three stages: determining the royalty rate, analyzing the strength of the brand and discounting cash flows. It is said that KamAZ was ahead of all Russian automotive companies.[2]
2023
Revenue growth by a third to 354.71 billion rubles
At the end of 2023, KamAZ raised 354.71 billion rubles, which is 33.2% more than a year earlier. The automaker's net profit also increased during this time - from 5.39 billion to 12.7 billion rubles (an increase of 2.4 times). The company published such data on February 8, 2024.
KamAZ explained the tangible increase in revenue in 2023 by the dynamics of truck sales in the domestic market, the growth in demand for the flagship of a new generation of cars K5 KamAZ-54901 and an increase in sales of passenger transport (buses, electric buses) as part of the implementation of the national project "Safe Quality Roads" and other federal projects.
In total, in 2023, KamAZ produced about 53 thousand units of commercial vehicles. In particular, almost 2 thousand buses and electric buses, more than 4 thousand trailers and semi-trailers, more than 41.7 thousand units of heavy vehicles, including 5 thousand KAMAZ-54901 trucks, 4.85 thousand medium and low-tonnage Compass cars, were produced.
The total debt of KamAZ in 2023 increased by 40.9%, to 323.2 billion rubles. In particular, the company's short-term liabilities increased from 102.1 billion rubles to 189.6 billion rubles, mainly due to a twofold increase in accounts payable (up to 140 billion rubles). The company's long-term liabilities increased from 127.3 billion rubles to 133.6 billion rubles.
It also follows from the reporting that the indicator of other income of the group for 2023 decreased from 20.9 billion rubles to 13.7 billion rubles. Other expenses also decreased - from 36.6 billion rubles. up to 15.3 billion rubles.
As noted by the general director of KamAZ Sergey Kogogin, whose words are quoted in the company's message, in 2023 the manufacturer solved two difficult problems: on the one hand, it was necessary to debug the increased production of all-wheel drive trucks, on the other, to solve issues of increasing the production of generation K5 trucks on a new sanctions-resistant component base.[3]
Growth in urban transport sales by 25%
KamAZ increased sales of passenger transport in 2023 by 25% compared to 2022. The press service of the automaker announced this at the end of January 2024.
According to the company's own data, in 2023 KamAZ sold more than 1.4 thousand NefAZ buses and 477 electric buses. The share of the latter in the Russian market increased to 96%. In the large class bus market, excluding the tourist bus segment, the company occupies 33%.
In addition, KamAZ turned out to be the leader in the country in terms of the volume of trucks sold. Every fifth truck sold in the Russian Federation in 2023 fell on the Naberezhnochelninsky enterprise, the company said in a statement.
In 2023, KamAZ delivered large batches of buses to the Republic of Bashkortostan, Rostov-on-Don, Moscow, Yekaterinburg, Kemerovo, Perm, Omsk. In addition, over 400 NefAF buses first entered the routes of the Moscow Region, and passenger equipment was also delivered to Orenburg, Bratsk, Krasnoyarsk, Yaroslavl, South Sakhalin, Lipetsk, Belgorod and other large cities. Most of the Kamaz equipment was transferred as part of the implementation of state programs aimed at the comprehensive renewal of the public transport fleet in the country. Among them are a large-scale program of special treasury loans, a program of preferential leasing of buses with the involvement of funds from the NWF, as well as the national project "Safe Quality Roads" and the federal project "Clean Air."
As previously reported by the director of passenger transport of PJSC KamAZ Samat Sattarov, in 2024 it is planned to increase the volume of passenger transport production by 20%. According to him, in 2024, in addition to buses and electric buses, the company will begin production of trolleybuses, and is also working on the production of hydrogen transport.[4]
2022: Revenue growth by 7% to RUB 267.28 billion
At the end of 2022, KamAZ raised 267.28 billion rubles, which is almost 7% more than a year earlier. This was announced by the general director of the company Sergey Kogogin on February 24, 2023 at a meeting of the City Council of Naberezhnye Chelny.
According to him, in 2022, KamAZ sold 43.4 thousand trucks against 44,148 a year earlier and invested about 16 billion rubles (+ 46% by 2021). Factories of special equipment and suppliers in the city earned 78 billion rubles (10% more than in 2021). Factories of special equipment and suppliers in the city earned 78 billion rubles (10% more than in 2021). The total contribution of subsidiaries and affiliates of PJSC KamAZ to the group's revenue in 2022 fell by 52% and amounted to more than 81 billion rubles, Kogogin said.
| | Even in the conditions of the most severe sanctions imposed on KamAZ, the past [2022] year did not become an obstacle to the implementation of the goals set. Moreover, I believe that we managed to lay the foundation for good development dynamics for the coming years, - said the general director of the automaker. | |
It is also noted that in 2022 KamAZ increased payments to the budget of the republic by 33% and investments in production by 46%, they amounted to 15.9 billion rubles.
On February 10, 2023, the Vesti KAMAZ newspaper published an interview with the plant director Anton Saraykin, who said that the company would increase the volume of truck production to pre-sanction indicators. He noted that in February 2023 it is planned to assemble 200 cars daily, in March - 210, and by autumn the manufacturer will accelerate to 220 heavy trucks per day.
In 2022, KamAZ, being under sanctions, ceased to publish financial statements. In October 2022, Kogogin said that the company ended the first half of the year with positive results and successfully copes with sanctions challenges.[5]
2021:18% increase in truck production, to 44,136
KamAZ in 2021 increased truck production by 18% compared to 2020 - to 44,136 units from 37,345, respectively. The company told about this on January 24, 2022.
According to the statistics presented, in 2021, the KAMMINS KAMA engine and joint venture plant produced and shipped 47,949 engines and power units to its consumers, which is 17% higher than a year ago. Dealers, service centers, corporate and other consumers of KamAZ received spare parts for the year in the amount of 30.7 billion rubles against 25.04 billion rubles a year earlier.
| | Last [2021 - approx. TAdviser] year was difficult for our production. The violation of the supply of various components for cars affected all manufacturers, including KAMAZ. But thanks to the well-coordinated actions of all divisions of the company, we managed to avoid production stops and reach one of the best production results over the past ten years, - said Sergey Kogogin, General Director of KamAZ PJSC. | |
In turn, the general director of Rostec, the chairman of the board of directors of KamAZ, Sergei Chemezov, said that in 2021 the automaker invested 13 billion rubles in the development of the model range and over 1 billion rubles in research and development. These investments, in particular, allowed the company to bring to the market new models of freight transport of the K5 generation, expand the production of electric buses and complete the development of KAMAZ-6290 - environmentally friendly public transport based on hydrogen fuel cells.
Although the company in 2021 continued to actively expand the model range of cars of the K5 generation, the production of trucks with a classic cab will not K3 stop, since they remain in high demand in Russia. Nevertheless, the volume of production of K3 cars will be significantly reduced, KamAZ reported[6]
2020: Revenue growth by 16%, to 185.87 billion rubles, net profit - 1.55 billion rubles
At the end of 2020, KamAZ raised 185.87 billion rubles, which is 16% more than a year earlier. One of the catalysts for the company's financial recovery was the growing sales of passenger vehicles, including electric buses. Among other positive factors, the manufacturer attributed the growth in sales of trucks in the domestic market and the release of the first model of the new line of K5 cars - KamAZ-54901.
In 2020, KamAZ released a new generation of electric buses, electric shocks for special equipment, as well as the KAMA-1 electric car.
KamAZ's net profit for 2020 amounted to 1.55 billion rubles against a net loss of 1.52 billion rubles registered a year earlier. The company's net assets for the year increased by 6.717 billion and amounted to 49.5 billion rubles. Profit from sales for reached 5.34 billion rubles.
KamAZ also noted that, despite the COVID-19 coronavirus pandemic, the company has strengthened its position in the Russian market. Thus, against the background of its decline, the automaker is still the leader in its segment with a share of 47.5% (+ 3.3 percentage points compared to 2019).
Commenting on the results of operating activities, KamAZ CEO Sergei Kogogin noted the timely anti-crisis measures to improve efficiency implemented by the company's top management, as well as systemic measures to support the industry provided by the Government of the Russian Federation.
| | Due to timely measures to ensure the continuity of the company's operations, it was possible to neutralize unfavorable macroeconomic factors associated with the spread of coronavirus infection. We were able to create optimal conditions for the stable operation of production and the implementation of the business plan indicators, while continuing to expand the range of products, he said.[7] | |
Notes
- ↑ In the red for 21 billion and in debts for 220: how KAMAZ goes to the financial hole
- ↑ Net loss of Kamaz under RAS for 2024 amounted to 3.4 billion rubles
- ↑ KAMAZ summed up the financial results for 2023 according to RAS
- ↑ KAMAZ has increased sales of passenger transport
- ↑ KAMAZ increased revenue under RAS in 2022 by 6.9% to 267.3 billion rubles
- ↑ KAMAZ SUMMED UP PRODUCTION RESULTS FOR 2021
- ↑ podvyel finansovye itogi za 2020 god po rsbu/KAMAZ SUMMED UP RAS 2020 FINANCIAL RESULTS
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