The largest supermarket chain, Magnit, has become unprofitable for the first time in its history.

By the end of 2025, the company lost 22,5 billion rubles, RBC reports, citing financial statements from Tander Joint-Stock Company, which owns Magnit. Experts believe the main reasons are aggressive expansion, the purchase of the Azbuka Vkusa chain, and sharply increased borrowing costs.

Thunder's revenue for 2025 was 3 trillion rubles - compared to the previous reporting period, it grew by 13%, net profit - 46,4 billion rubles. At the same time, expenses increased by 1,7 times - to 163,9 billion, and the debt increased by 60% to 736 billion rublesUbley.

As of June 30, 2025, Magnit had 32 589 retail outlets in 72 regions of Russia. Last year, Magnit implemented its largest investment program in the past five years. It opened over 2,5 new stores and 3,1 retail outlets, launched a logistics and fleet modernization program, and closed the acquisition of 81,55% of the Azbuka Vkusa chain.

MMI analysts believe the Central Bank's high interest rate is putting pressure on the entire real sector. Lukoil, MMK, Severstal, and Rusal previously reported losses.

It was also reported yesterday that stores were closing en masse in Russia's regions, from grocery stores to clothing boutiques. In just one Moscow By the beginning of 2026, there were 4,5 thousand fewer stores operating than at the beginning of 2025, St. Petersburg — by 3. This is the most significant reduction since the early 2000s.