OREANDA-NEWS   St. Petersburg-based Baltiyskiy Zavod JSC may face financial difficulties, RBC writes. The company's annual report says that 2024 ended with a profit, but the plant has accumulated losses over the past years and has a debt burden. So the management of the plant considered the risk of bankruptcy to be high.

Fontanka, referring to the explanatory note to the financial statements, notes that the company's management cannot be sure that it will be able to continue working continuously.

At the same time, last year's revenue turned out to be record-breaking: 31.4 billion rubles. This is one and a half times more than in 2023. The whole problem is the accumulated loss of previous years. As of January 1, 2025, it amounts to 32.2 billion, that is, it turned out to be more than the annual revenue.

The management of the Baltic Shipyard explains its financial situation with the general situation in shipbuilding. They explained that the industry is very dependent on borrowed funds. In addition, the financial and economic condition of the company was affected by the "high interest rate on loans, as well as unresolved pricing problems for products under the state defense order."