Russian microelectronics manufacturer Angstrem saw its profit from sales collapse nearly 50-fold in 2025 as mounting liabilities and restructuring costs deepened the financial troubles of one of Russia\u2019s key defense-sector chipmakers.<\/p>\n
The Zelenograd-based company reported<\/a> profit from sales of 16.5 million rubles ($224,400) for 2025, down from 846.2 million rubles ($11.5 million) a year earlier, according to the company\u2019s financial statements. Angstrem posted a net loss of 206.8 million rubles ($2.8 million) on revenue of 4.1 billion rubles ($55.8 million).<\/p>\n Russia\u2019s domestic microelectronics industry faces ongoing difficulties as Western sanctions and years of failed investment projects weigh on companies deemed strategically important for the country\u2019s military-industrial complex.<\/p>\n Angstrem remains a key supplier of microelectronics for the Defense Ministry, state corporations and defense-sector manufacturers. Its shareholders include Element Group, RT-Capital and entities linked to Ruselectronics.<\/p>\n The company said the main reason for the negative financial result was additional liabilities of around 290 million rubles ($3.9 million) owed to Russia\u2019s Deposit Insurance Agency in connection with failed lender BFG-Credit Bank. Those obligations accounted for most of the net loss.<\/p>\n Authorities approved an external rescue plan for Angstrem in February as part of bankruptcy proceedings tied to the company\u2019s massive debt burden.<\/p>\n The plan, approved by an arbitration court, envisages financial rehabilitation over the next 18 months through cost optimization, the closure of unprofitable production lines and the sale of non-core assets.<\/p>\n Angstrem\u2019s biggest challenge remains its debt to state development corporation VEB.RF. The company still carries liabilities of 236.3 billion rubles ($3.21 billion) on its balance sheet.<\/p>\n The debt stems from a loan agreement dating back to 2008, when structures linked to former Communications and Press Minister Leonid Reiman controlled the company.<\/p>\n Angstrem acted as guarantor for an 815 million euro loan raised to build a semiconductor manufacturing facility intended to produce processors, smart cards and electronic passports using 0.11-0.13 micron technology.<\/p>\n