Iranian Deputy Minister Says Hundreds of State Companies Lost Money in Fiscal 1403

At a corporate-governance conference on November 10, 2026 (19 Aban 1405), Amir Bagheri, Iran's deputy economy minister responsible for banking, insurance and state companies, said the ministry had identified 346 companies in which the state owns more than 50%, and 713 under state management or managerial influence. He said 342 state companies were loss-making under budget-law and annual-performance measures in fiscal 1403, of which 141 were classed as loss-makers on annual operating performance.

Majority state ownership and state management or influence describe different groups and should not be treated as the same denominator. Bagheri presented the figures in a discussion of corporate governance and oversight, calling for a review of ownership, budgeting and management appointments.