In 2025, the list of Armenia's largest companies by revenue was led by "Ardshinbank" CJSC, with revenue exceeding AMD 300 billion.
In 2025, the combined revenue of the top 10 largest companies reviewed was approximately AMD 2 trillion, up from AMD 1.7 trillion the previous year.
All 10 companies together recorded a combined net profit of AMD 410 billion.
Among the 10 companies reviewed, the simple average return on equity in 2025 was 25.4%, with a median of 24.5%.
Data for "Yerevan Jewellery Factory" and "Pretty Way" are not included in the list, as their financial statements are not yet available. In 2024, these two companies were included in the top 10 list, with revenue of AMD 314 billion and AMD 155 billion, respectively.
It should be noted that, in the case of certain companies, transactions with related parties may not be expressed at real prices, which could have a significant impact on the assessment of an individual company's performance.