Owners
OJSC "Federal Passenger Company" - a subsidiary of JSC "Russian Railways" - was established in accordance with the program of structural reforms in railway transport and the concept of reforming the long-distance passenger complex. It began its activities FPC April 1, 2010.
OJSC "Federal Passenger Company" is the absolute leader in the market of transport services for the transportation of passengers in long-distance transportation, with a share in the total passenger turnover of all types of transport - 65.7%.
The company includes 16 regional passenger service directorates (RDOP), 43 passenger car depots, 29 car sections, 15 railway agencies and 2 passenger service directorates. The company's railcar fleet has more than 24.6 thousand cars. The number of personnel is about 100 thousand people.
Performance indicators
2024: Revenue growth 18.1% to ₽372,9 billion
The revenue of Federal Passenger Company JSC (FPC) in 2024 increased by 18.1% and reached ₽372,9 billion. Such data were published on February 28, 2025 in the carrier's financial report. Net profit according to Russian accounting standards (RAS) increased by 23.8% and amounted to ₽26,1 billion.
According to Interfax, the main contribution to the increase in revenue was made by revenues from passenger transportation, which increased by 19% and reached ₽320,6 billion. Revenues from baggage, freight and mail transportation increased by 7.1% to ₽8,8 billion, and other services related to transportation brought in a little more than ₽1 billion, which is 29% more than in 2023.
The company's gross profit for 2024 amounted to ₽49,1 billion, an increase of 20.1%, and profit from sales increased by 24.1% and reached ₽37 billion. Such results indicate the effectiveness of the FPC business model and the growing demand for railway passenger traffic.
The financial position of the company is characterized by an increase in assets, which as of December 31, 2024 amounted to ₽439,45 billion, an increase from ₽391,75 billion at the end of 2023. Most of the assets are non-current assets, which are at the level of ₽396,92 billion. At the same time, current assets decreased by 7.35% to ₽42,53 billion.
The company's capital and reserves increased by 8.38% to ₽310,94 billion, which indicates the financial stability of the organization. FPC 's operating cash flow in 2024 amounted to ₽53,48 billion, and the balance of cash flows from financial operations is ₽6,71 billion.
The Federal Passenger Company also increased its obligations. The volume of long-term obligations of the FPC as of December 31, 2024 increased to ₽46,9 billion from ₽33,9 billion as of December 31, 2023, an increase of 38.24%. Short-term liabilities increased to ₽81,6 billion from ₽70,9 billion at the end of the previous year, showing an increase of 15.08%.[1][2]
2023: Revenue growth by a quarter to 316 billion rubles
The Federal Passenger Company (FPC) in 2023 increased revenue by a quarter compared to 2022 - up to 316 billion rubles. The net profit of the operator of passenger and baggage transportation in long-distance travel during this time increased from 11 billion to 21 billion rubles. At the same time, in 2020-2021. losses were recorded at the level of 33.6 billion and 5.4 billion rubles, respectively. Such data are given in the reports of the FPC under RAS, published in February 2024.
According to Interfax, citing FPC materials, in 2023, the company's revenues from passenger transportation amounted to 279 billion rubles, which is more than a year ago at 221 billion rubles. The total debt of the company by the end of 2023 turned out to be equal to 105 billion rubles, having decreased by 2.5% on an annualized basis. Long-term liabilities decreased by 18.5%, to 33.9 billion rubles; short-term - increased by 7.9%, to 70.9 billion rubles.
FPC is a national passenger railway carrier of the Russian Federation. The company's route network is based on the railway infrastructure of Russian Railways - the third longest railway network in the world (data at the end of 2023). The organizational structure of the FPC includes:
- control device;
- 5 centers;
- 10 regional branches;
- 6 companies with the participation of JSC "FPC."
The branches include 23 passenger car depots, 36 car sections, 10 railway agencies, a center for organizing vehicle transportation, and a directorate for organizing passenger catering.
FPC is a "daughter" of Russian Railways. Russian Railways themselves previously reported on the transportation of 122 million passengers on long-distance trains in 2023, which is 12.7% more compared to 2022. Relative to 2019, when there was no COVID-19 coronavirus pandemic, passenger traffic in 2023 increased by 4.7%.[3]
History
2025: Satisfaction of the claim against the Ministry of Finance of the Russian Federation for 2.4 billion rubles for the transportation of beneficiaries
On September 30, 2025, the Moscow Arbitration Court satisfied the claim of the Federal Passenger Company (FPC - a subsidiary of Russian Railways) against the Ministry of Finance of the Russian Federation. The department will have to pay almost 2.4 billion rubles in favor of the carrier .
FPC carries passengers on long-distance trains in domestic and interstate communications. According to Interfax, the trial is related to a contract for the transportation in 2023 of students over 10 years old with a 50 percent discount on tickets. The company's lost revenues amounted to about 3.9 billion rubles, while only 1.5 billion rubles were reimbursed from the budget. In the lawsuit, the FPC demanded compensation for the rest of the losses. The Federal Agency for Railway Transport (Roszheldor) was involved in the case by a third party.
Russian Railways sued the Ministry of
Details of the hearing were not disclosed, but it is known that the court decided to satisfy the claim in full. In accordance with the decision, 2.374 billion rubles were collected from the Ministry of Finance in favor of the FPC.
A similar case has already been considered earlier. In particular, at the end of 2022, the Arbitration Court of the Moscow District upheld the decision of the courts of lower instances to recover from the Russian Federation, represented by the Ministry of Finance, at the expense of the treasury of the Russian Federation, almost 830 million rubles of losses in favor of the FPC. The case file said that in 2022, on the basis of a public agreement, the FPC carried out the transportation of students and pupils of educational institutions over 10 years old with a 50% privilege from the established tariff. The company's lost revenues then amounted to about 2.4 billion rubles, but 1.6 billion rubles were compensated from the budget. As a result, the carrier claimed the missing amount through the court. The Ministry of Finance's complaint against this decision was rejected.[4]
2024: Federal passenger company buys luxury train "Shining of the North" for ₽111 million
On November 12, 2024, it became known that the Federal Passenger Company acquired the Radiant of the North tourist train from the authorities of the Komi Republic for ₽110,7 million. The luxury train, which was previously partially leased from the buyer, includes four superior cars. The deal ends a long period of finding the optimal solution for using the unique train, created by special order of the Government of the Komi Republic. Read more here.
Digitalization
Main article: Digitalization of the Federal Passenger Company (FPC)
Notes
- ↑ The annual net profit of FPC under RAS increased by 23.8%
- ↑ FPC revenue in 2024 increased by 18.08% and amounted to 372.88 billion rubles. Net profit increased by 23.79% to 26.1 billion rubles.
- ↑ FPC in 2023 almost doubled its net profit
- ↑ The court satisfied the claim of the FPC to recover almost 2.4 billion rubles from the Ministry of Finance.
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