Internet provider Kvant-Telecom lost 8.5% of its revenue and more than half its profit in 2025

Internet provider Kvant-Telecom closed 2025 with revenue of 2.27 billion rubles. A year earlier it was 2.48 billion, a drop of 8.5%. Net profit fell from 218.5 million to 100.9 million rubles, or 53.8%. TAdviser found the figures on 30 September 2026 in the financial statements of AO Kvant-Telecom, published on the FNS website.

What the financial statements show

Revenue lost about 210 million rubles, and net profit lost almost 118 million. Profit fell much faster than revenue: revenue shrank by 8.5%, while profit fell by more than half. According to the statements, revenue from core operations declined across all key lines of business. The available part of the source material contains no detailed segment breakdown. That makes it impossible to say which segment fell hardest: mass-market subscribers, business services or add-on services.

Key figures for 2025:

• revenue: 2.27 billion ₽ versus 2.48 billion ₽ in 2024 (−8.5%);
• net profit: 100.9 million ₽ versus 218.5 million ₽ (−53.8%);
• net margin: about 4.4% versus roughly 8.8% a year earlier (the editors' calculation from the published figures);
• data source: financial statements of AO Kvant-Telecom, FNS.

Why profit is falling faster than revenue

The arithmetic is simple. A large share of an internet provider's costs is fixed: backbone channels, site rentals, network maintenance, equipment depreciation and staff. When revenue drops by 8.5%, expenses do not follow it down, and the difference comes out of profit. That is how the margin ends up cut almost in half in this case. This is a typical mechanism in infrastructure-heavy industries, not an established cause for this particular company. Kvant-Telecom's cost structure is not disclosed in the available data.

Net profit is also affected by loan interest, taxes, currency effects and other one-off items. The notes to the financial statements would show which of them played a role. The source material does not include them.

The company remains profitable: 100.9 million rubles in net profit on revenue of 2.27 billion. But its safety cushion has become noticeably thinner.

How to read these numbers

One annual report is not yet a trend. To tell whether this is a one-year slump or the start of a lasting decline, you need data that the source material does not contain:

• changes in the subscriber base and average revenue per user;
• revenue breakdown by line of business;
• the amount of capital investment in the network;
• debt load and the cost of servicing the debt;
• results for the first half of 2026.

For anyone following the regional telecom market, a useful step is to open the full statements on the FNS website, compare the cost of sales, selling expenses and administrative expenses for the two years, and see what exactly grew while revenue fell. Kvant-Telecom's corporate clients and partners have reason to ask the provider about its network development plans and SLA terms, to make sure cost savings do not hurt service quality. For analysts, the main question for next year is whether the company can stop the revenue decline in 2026 and bring its margin back to at least the 2024 level.