Berkshire Hathaway reported a decline in profits in the second quarter

• Berkshire Hathaway reported a significant decline in profits in the second quarter
• Operating profits fell by 3.77% compared to last year
• Warren Buffett plans to hand over the leadership of the company to Greg Abel

The company Berkshire Hathaway, which belongs to Warren Buffett, announced a decline in profits in the second quarter of 2025. The company's profit fell to $12.37 billion, which is 59% less than for the comparable period last year, when it stood at $30.248 billion. The decline is related to $3.76 billion in write-downs of the value of shares of the company Kraft Heinz.

The operating profit of the company also decreased by 3.77% and totaled $11.16 billion. It was noted that companies included in Berkshire's portfolio continue to demonstrate good results, despite the economic headwinds.

In addition, Berkshire reported a decrease in cash reserves to $344.1 billion, compared to $347.7 billion at the beginning of the year. Warren Buffett plans to hand over the leadership of the company to vice-chairman Greg Abel by the end of the year.

The company also indicated a negative impact from the tariff policy of President Trump on business, which creates headwinds in the economic environment.

Tags: USA/Economy