15:56 - 26.08.2026

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August 26, Fineko/abc.az. The Administration of State Historical-Architectural Reserve "Icherisheher" concluded 2025 with a net profit of 1.304 million AZN, recovering from a net loss of 1.193 million AZN recorded in 2024.

During the reporting period, main operating revenues rose by 18.5% to reach 6.29 million AZN. Concurrently, core operating expenses dropped by 12.8% to 4.164 million AZN, personnel costs decreased by 36.7% to 5.4 million AZN, and general administrative expenses fell by 40.3% to 786 thousand AZN. Subsidy revenues decreased by 27.7% to 7.633 million AZN, while corporate income tax payments amounted to 294 thousand AZN.

Key financial metrics and balance sheet highlights:

• Net profit (loss): 1.304 million AZN (vs. 1.193 million AZN loss in 2024)

• Main operating revenues: 6.29 million AZN (+18.5%)

• Total assets: 197.814 million AZN (+2.6%)

• Total liabilities: 555 thousand AZN (-46.8%)

• Total equity: 197.258 million AZN (+2.8%)

The Administration of State Historical-Architectural Reserve "Icherisheher" was established in 2005 and holds a charter capital of 1 million AZN.