Russia's Angstrem reports $2.2M loss as debt crisis deepens in 2025
Russian microelectronics manufacturer Angstrem has reported a net loss of 206.8 million rubles ($2.2 million) for 2025. The company, a key supplier to the military-industrial complex, continues to struggle under a massive debt burden of 236.3 billion rubles ($2.5 billion) owed to state development corporation VEB.RF. Angstrem’s financial troubles deepened in 2025 as profits collapsed nearly 50-fold. Sales profit dropped sharply from 846.2 million rubles ($9.2 million) in the previous year to just 16.5 million rubles ($180 thousand). The immediate trigger for the latest loss was an additional 290 million rubles ($3.1 million) in liabilities to the Deposit Insurance Agency.
The company’s long-standing debt dates back to a 2008 loan meant for constructing a domestic semiconductor plant—a project that never materialised. Despite generating 4.1 billion rubles ($45 million) in revenue in 2025, Angstrem remains crippled by its financial obligations. In 2024, the debt led to a record net loss of 236.3 billion rubles ($2.5 billion), making it Russia’s most unprofitable firm. Angstrem plays a vital role in the country’s defence sector, producing microelectronics for the Defence Ministry and other military enterprises. Its shareholders include the Element group, RT-Capital, and Ruselectronics.
The company’s financial strain shows no signs of easing, with revenue failing to offset its enormous debt. As a strategic supplier to Russia’s defence industry, Angstrem’s struggles could have wider implications for military production. The 2025 results highlight ongoing instability despite its critical role in the sector.
