Enhanced Investments - Financial Portal

2025-09-09

#TNSE #reports

TNS energy reported for 2025 H1:
- Revenue +10.8% YoY (vs +14.0% in previous half-year and historical rate +7.5%)
- EBITDA +7.2% YoY (vs -57.8% in previous half-year and historical rate +11.6%)
- Net Income +100% YoY (vs +635.1% in previous half-year and historical rate +118.5%)
- EBITDA margin 7.8% decreased compared to 8.0% same period last year
- Net Debt decreased by 4.5 bln rubles since the previous report (10.1% of market cap)
- FCF (LTM) +15 bln RUB (positive), 33.8% of market cap
- EV/EBITDA multiple is 1.8x compared to historical level (50th percentile) of 1.5x

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2025-09-01

#TGKN #reports

TGK-14 reported for 2025 H1:
- Revenue +14.6% YoY (vs +16.4% in previous half-year and historical rate +15.3%)
- EBITDA +13.9% YoY (vs +54.5% in previous half-year and historical rate +54.8%)
- Net Income -37.1% YoY (vs +42.8% in previous half-year and historical rate -21.2%)
- EBITDA margin 14.6% has not changed compared to 14.7% same period last year
- Net Debt increased by 5.3 bln rubles since the previous report (60.9% of market cap)
- FCF (LTM) -5.4 bln RUB (negative), 62.7% of market cap
- EV/EBITDA multiple is 5x compared to historical level (50th percentile) of 5.7x

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2025-09-01

#ROSN #reports

Rosneft reported for 2025 q2:
- Revenue -22.6% YoY (vs -11.2% in previous quarter and historical rate +0.7%)
- EBITDA -38.2% YoY (vs -26.2% in previous quarter and historical rate +7.2%)
- Net Income -69.3% YoY (vs -43.0% in previous quarter and historical rate +158.7%)
- EBITDA margin 22.8% decreased compared to 28.6% same period last year
- EV/EBITDA multiple is 3.4x compared to historical level (50th percentile) of 3.1x
- EV/EBITDA expected multiple is 5.4x

Growth potential increased by 7.0% to -91.7%

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2025-08-30

#MTLR #reports

Mechel reported for 2025 q1:
- Revenue -26.1% YoY (vs -26.1% in previous quarter and historical rate -9.8%)
- EBITDA -194.5% YoY (vs -194.5% in previous quarter and historical rate -67.1%)
- Net Income -144582.1% YoY (vs -239.5% in previous quarter and historical rate -41495.6%)
- EBITDA margin -8.6% decreased compared to 6.7% same period last year
- Net Debt decreased by 3.2 bln rubles since the previous report (7.2% of market cap)
- FCF (LTM) +7.2 bln RUB (positive), 15.9% of market cap
- EV/EBITDA multiple is 58.1x compared to historical level (50th percentile) of 5.9x
- EV/EBITDA expected multiple is 53.3x

Growth potential decreased by 330.0% to -813.2%

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2025-08-30

#MTLR #reports

Mechel reported for 2025 q2:
- Revenue -26.1% YoY (vs -26.1% in previous quarter and historical rate -9.8%)
- EBITDA -194.5% YoY (vs -194.5% in previous quarter and historical rate -67.1%)
- Net Income -153.5% YoY (vs -144582.1% in previous quarter and historical rate -41523.7%)
- EBITDA margin -8.6% decreased compared to 6.7% same period last year
- Net Debt decreased by 3.2 bln rubles since the previous report (7.2% of market cap)
- FCF (LTM) +7.2 bln RUB (positive), 15.9% of market cap
- EV/EBITDA multiple is 58.2x compared to historical level (50th percentile) of 5.9x
- EV/EBITDA expected multiple is 53.3x

Growth potential decreased by 329.9% to -813.1%

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2025-08-29

#LSNG #reports

Lenenergo reported for 2025 H1:
- Revenue -47.3% YoY (vs +13.2% in previous half-year and historical rate +1.9%)
- EBITDA -35.5% YoY (vs -38.7% in previous half-year and historical rate +14.9%)
- Net Income +5.5% YoY (vs -66.2% in previous half-year and historical rate +33.1%)
- EBITDA margin 64.2% increased compared to 52.4% same period last year
- Net Debt decreased by 11.9 bln rubles since the previous report (7.1% of market cap)
- FCF (LTM) +18.8 bln RUB (positive), 11.3% of market cap
- EV/EBITDA multiple is 4.8x compared to historical level (50th percentile) of 3.3x

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2025-08-29

#MGNT #reports

Magnit reported for 2025 q1:
- Revenue +14.6% YoY (vs +14.6% in previous quarter and historical rate +14.7%)
- EBITDA +9.3% YoY (vs +9.3% in previous quarter and historical rate +5.5%)
- Net Income -99.1% YoY (vs -14.5% in previous quarter and historical rate +11.4%)
- EBITDA margin 5.0% decreased compared to 5.3% same period last year
- Net Debt increased by 375 bln rubles since the previous report (143.2% of market cap)
- FCF (LTM) -756.2 bln RUB (negative), 288.7% of market cap
- EV/EBITDA multiple is 7.1x compared to historical level (50th percentile) of 3.8x

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2025-08-29

#BELU #reports

Beluga reported for 2025 q1:
- Revenue +48% YoY (vs +48.0% in previous quarter and historical rate +32.4%)
- EBITDA +22% YoY (vs +22.0% in previous quarter and historical rate +14.8%)
- Net Income +4.2% YoY (vs -45.3% in previous quarter and historical rate +19.3%)
- EBITDA margin 10.9% decreased compared to 13.2% same period last year
- Net Debt increased by 1.1 bln rubles since the previous report (2.7% of market cap)
- FCF (LTM) +12.5 bln RUB (positive), 30.2% of market cap
- EV/EBITDA multiple is 3.9x compared to historical level (50th percentile) of 5.1x

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2025-08-29

#MGNT #reports

Magnit reported for 2025 q2:
- Revenue +14.6% YoY (vs +14.6% in previous quarter and historical rate +14.7%)
- EBITDA +9.3% YoY (vs +9.3% in previous quarter and historical rate +5.5%)
- Net Income -99.1% YoY (vs -99.1% in previous quarter and historical rate +0.5%)
- EBITDA margin 5.0% decreased compared to 5.3% same period last year
- Net Debt increased by 375 bln rubles since the previous report (142.6% of market cap)
- FCF (LTM) -756.2 bln RUB (negative), 287.4% of market cap
- EV/EBITDA multiple is 7.1x compared to historical level (50th percentile) of 3.8x

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2025-08-29

#BELU #reports

Beluga reported for 2025 q2:
- Revenue +48% YoY (vs +48.0% in previous quarter and historical rate +32.4%)
- EBITDA +22% YoY (vs +22.0% in previous quarter and historical rate +14.8%)
- Net Income +4.2% YoY (vs +4.2% in previous quarter and historical rate +11.9%)
- EBITDA margin 10.9% decreased compared to 13.2% same period last year
- Net Debt increased by 1.1 bln rubles since the previous report (2.7% of market cap)
- FCF (LTM) +12.5 bln RUB (positive), 30.2% of market cap
- EV/EBITDA multiple is 3.9x compared to historical level (50th percentile) of 5.1x

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2025-08-29

#EELT #reports

EuroElTech reported for 2025 q1:
- Revenue +32.7% YoY (vs +32.7% in previous quarter and historical rate +16.3%)
- EBITDA -3.5% YoY (vs -3.5% in previous quarter and historical rate +25.0%)
- Net Income -26.5% YoY (vs +23.1% in previous quarter and historical rate +27.7%)
- EBITDA margin 11.7% decreased compared to 16.1% same period last year
- Net Debt decreased by 0.1 bln rubles since the previous report (1.8% of market cap)
- FCF (LTM) -1.9 bln RUB (negative), 35.2% of market cap
- EV/EBITDA multiple is 5.4x compared to historical level (50th percentile) of 5.7x

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2025-08-29

#SVAV #reports

Sollers reported for 2025 H1:
- Revenue -42.2% YoY (vs -4.0% in previous half-year and historical rate -7.6%)
- EBITDA -98.9% YoY (vs -55.5% in previous half-year and historical rate -34.5%)
- Net Income -176.6% YoY (vs -40.1% in previous half-year and historical rate -69.8%)
- EBITDA margin 0.2% decreased compared to 9.6% same period last year
- Net Debt decreased by 16.1 bln rubles since the previous report (83.2% of market cap)
- FCF (LTM) -3 bln RUB (negative), 15.6% of market cap
- EV/EBITDA multiple is 11.5x compared to historical level (50th percentile) of 3.8x

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2025-08-29

#OKEY #reports

OKEY reported for 2025 H1:
- Revenue +2.9% YoY (vs +4.9% in previous half-year and historical rate +4.3%)
- EBITDA +27.4% YoY (vs +9.5% in previous half-year and historical rate +13.0%)
- Net Income +100% YoY (vs +100.0% in previous half-year and historical rate -132.2%)
- EBITDA margin 11.3% increased compared to 9.1% same period last year
- Net Debt increased by 38.6 bln rubles since the previous report (476.8% of market cap)
- FCF (LTM) -31.3 bln RUB (negative), 386.6% of market cap
- EV/EBITDA multiple is 3.4x compared to historical level (50th percentile) of 2.6x

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2025-08-29

#GAZP #reports

Gazprom reported for 2025 q2:
- Revenue -14.3% YoY (vs +10.4% in previous quarter and historical rate -0.4%)
- EBITDA -6.6% YoY (vs -20.3% in previous quarter and historical rate +1.8%)
- Net Income -18.8% YoY (vs +2.5% in previous quarter and historical rate -58.1%)
- EBITDA margin 31.2% increased compared to 28.7% same period last year
- Net Debt increased by 354.3 bln rubles since the previous report (11.1% of market cap)
- FCF (LTM) -766.2 bln RUB (negative), 23.9% of market cap
- EV/EBITDA multiple is 3.7x compared to historical level (50th percentile) of 4x
- EV/EBITDA expected multiple is 5.4x

Growth potential decreased by 27.0% to -142.0%

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2025-08-29

#EELT #reports

EuroElTech reported for 2025 q2:
- Revenue +32.7% YoY (vs +32.7% in previous quarter and historical rate +16.3%)
- EBITDA -3.5% YoY (vs -3.5% in previous quarter and historical rate +25.0%)
- Net Income -47.5% YoY (vs -26.5% in previous quarter and historical rate +9.1%)
- EBITDA margin 11.7% decreased compared to 16.1% same period last year
- Net Debt decreased by 0.1 bln rubles since the previous report (1.8% of market cap)
- FCF (LTM) -1.9 bln RUB (negative), 35.2% of market cap
- EV/EBITDA multiple is 5.4x compared to historical level (50th percentile) of 5.7x

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2025-08-29

#KMAZ #reports

Kamaz reported for 2025 H1:
- Revenue -17.9% YoY (vs +1.3% in previous half-year and historical rate +10.4%)
- EBITDA -164% YoY (vs -2.3% in previous half-year and historical rate -17.1%)
- Net Income -941.7% YoY (vs -143.4% in previous half-year and historical rate +1107.9%)
- EBITDA margin -8.4% decreased compared to 10.7% same period last year
- Net Debt decreased by 19.3 bln rubles since the previous report (29.5% of market cap)
- FCF (LTM) -58.9 bln RUB (negative), 89.9% of market cap
- EV/EBITDA multiple is 341.2x compared to historical level (50th percentile) of 5.7x

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2025-08-29

#SFIN #reports

SFI Holding reported for 2025 q2:
- Revenue -97.2% YoY (vs +25.6% in previous quarter and historical rate +31.7%)
- Net Income -80.1% YoY (vs -44.1% in previous quarter and historical rate +54.9%)
- Net Income margin 330.4% increased compared to 46.8% same period last year
- P/E multiple is 4.9x compared to historical level (50th percentile) of 3.6x

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2025-08-29

#MVID #reports

M Video reported for 2025 H1:
- Revenue -15.2% YoY (vs -2.1% in previous half-year and historical rate -2.4%)
- EBITDA -173.5% YoY (vs +121.2% in previous half-year and historical rate +0.3%)
- Net Income +143.6% YoY (vs -1953.0% in previous half-year and historical rate -280.9%)
- EBITDA margin -2.8% decreased compared to 3.2% same period last year
- Net Debt increased by 6.3 bln rubles since the previous report (38.1% of market cap)
- FCF (LTM) -80.4 bln RUB (negative), 482.4% of market cap
- EV/EBITDA multiple is 6.7x compared to historical level (50th percentile) of 6.1x

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2025-08-29

#FESH #reports

FESCO reported for 2025 H1:
- Revenue +11.9% YoY (vs +32.8% in previous half-year and historical rate +10.0%)
- EBITDA +29.4% YoY (vs +139.2% in previous half-year and historical rate +6.6%)
- Net Income -60.2% YoY (vs +260.4% in previous half-year and historical rate +93.9%)
- EBITDA margin 23.8% increased compared to 20.6% same period last year
- Net Debt decreased by 8.5 bln rubles since the previous report (4.5% of market cap)
- FCF (LTM) +22.1 bln RUB (positive), 11.7% of market cap
- EV/EBITDA multiple is 4x compared to historical level (50th percentile) of 4.7x
- EV/EBITDA expected multiple is 11.2x

Growth potential increased by 20.6% to -68.9%

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2025-08-29

#EUTR #reports

Evrotrans AO reported for 2025 H1:
- Revenue +30.2% YoY (vs +27.8% in previous half-year and historical rate +72.2%)
- EBITDA +46.2% YoY (vs +20.7% in previous half-year and historical rate +80.2%)
- Net Income +45% YoY (vs -12.4% in previous half-year and historical rate +144.3%)
- EBITDA margin 9.5% increased compared to 8.5% same period last year
- Net Debt increased by 13.6 bln rubles since the previous report (63.8% of market cap)
- FCF (LTM) -11.9 bln RUB (negative), 55.9% of market cap
- EV/EBITDA multiple is 4.1x compared to historical level (50th percentile) of 4.9x

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2025-08-29

#GCHE #reports

Cherkizovo reported for 2025 q1:
- Revenue +10.5% YoY (vs +10.5% in previous quarter and historical rate +16.5%)
- EBITDA -11.6% YoY (vs -11.6% in previous quarter and historical rate +22.5%)
- Net Income -56.8% YoY (vs -51.8% in previous quarter and historical rate +26.8%)
- EBITDA margin 18.6% decreased compared to 23.3% same period last year
- Net Debt increased by 4.6 bln rubles since the previous report (3.1% of market cap)
- FCF (LTM) -25 bln RUB (negative), 16.5% of market cap
- EV/EBITDA multiple is 7x compared to historical level (50th percentile) of 6.8x
- EV/EBITDA expected multiple is 15.6x

Growth potential decreased by 99.9% to -153.3%

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2025-08-29

#FEES #reports

FGC UES reported for 2025 q1:
- Revenue +13.9% YoY (vs +16.3% in previous quarter and historical rate +44.5%)
- EBITDA +42% YoY (vs -58.0% in previous quarter and historical rate -0.5%)
- Net Income +123.5% YoY (vs -233.4% in previous quarter and historical rate +4.4%)
- EBITDA margin 31.2% increased compared to 25.0% same period last year
- Net Debt decreased by 11.8 bln rubles since the previous report (7.6% of market cap)
- FCF (LTM) -373 bln RUB (negative), 240.1% of market cap
- EV/EBITDA multiple is 13.7x compared to historical level (50th percentile) of 3x

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2025-08-29

#TRNFP #reports

Transneft (pref) reported for 2025 q2:
- Revenue 0% YoY (vs -2.0% in previous quarter and historical rate +7.5%)
- EBITDA -0.6% YoY (vs -0.8% in previous quarter and historical rate +1.4%)
- Net Income -50.7% YoY (vs -14.3% in previous quarter and historical rate -8.0%)
- EBITDA margin 39.7% decreased compared to 39.9% same period last year
- Net Debt decreased by 32.7 bln rubles since the previous report (3.4% of market cap)
- FCF (LTM) +40.8 bln RUB (positive), 4.3% of market cap
- EV/EBITDA multiple is 1.5x compared to historical level (50th percentile) of 1.5x

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2025-08-29

#SPBE #reports

SPB Exchange reported for 2025 H1:
- Revenue +36.3% YoY (vs -26.6% in previous half-year and historical rate -19.8%)
- Net Income -83% YoY (vs +855.2% in previous half-year and historical rate +83.3%)
- Net Income margin 5.0% decreased compared to 40.3% same period last year
- P/E multiple is 44.3x compared to historical level (50th percentile) of 17.8x

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2025-08-29

#NMTP #reports

NMTP reported for 2025 q2:
- Revenue -2.3% YoY (vs +2.7% in previous quarter and historical rate +10.6%)
- EBITDA -1.4% YoY (vs +14.2% in previous quarter and historical rate +14.4%)
- Net Income +1.8% YoY (vs -4.6% in previous quarter and historical rate +6.1%)
- EBITDA margin 73.5% increased compared to 72.7% same period last year
- Net Debt decreased by 11.8 bln rubles since the previous report (7.0% of market cap)
- FCF (LTM) +25.7 bln RUB (positive), 15.2% of market cap
- EV/EBITDA multiple is 2.9x compared to historical level (50th percentile) of 3.7x

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2025-08-29

#MISB #reports

TNS Energo Mari el reported for 2025 H1:
- Revenue +9.9% YoY (vs +9.5% in previous half-year and historical rate +6.2%)
- EBITDA +134.8% YoY (vs +44500.0% in previous half-year and historical rate +47.3%)
- Net Income +18.1% YoY (vs +1565.1% in previous half-year and historical rate +174.8%)
- EBITDA margin 9.6% increased compared to 4.5% same period last year
- Net Debt decreased by 0.7 bln rubles since the previous report (10.9% of market cap)
- FCF (LTM) +0.7 bln RUB (positive), 10.1% of market cap
- EV/EBITDA multiple is 5.2x compared to historical level (50th percentile) of 17.1x

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2025-08-29

#LSRG #reports

LSR Group reported for 2025 H1:
- Revenue +13.2% YoY (vs -4.5% in previous half-year and historical rate +25.4%)
- EBITDA +3.6% YoY (vs -3.0% in previous half-year and historical rate +28.9%)
- Net Income -156.9% YoY (vs -9.2% in previous half-year and historical rate +30.1%)
- EBITDA margin 20.1% decreased compared to 22.0% same period last year
- Net Debt increased by 76.7 bln rubles since the previous report (93.8% of market cap)
- FCF (LTM) -25.9 bln RUB (negative), 31.6% of market cap
- EV/EBITDA multiple is 5x compared to historical level (50th percentile) of 5.1x

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2025-08-29

#GCHE #reports

Cherkizovo reported for 2025 q2:
- Revenue +10.5% YoY (vs +10.5% in previous quarter and historical rate +16.5%)
- EBITDA -11.6% YoY (vs -11.6% in previous quarter and historical rate +22.5%)
- Net Income -56.8% YoY (vs -56.8% in previous quarter and historical rate +25.9%)
- EBITDA margin 18.6% decreased compared to 23.3% same period last year
- Net Debt increased by 4.6 bln rubles since the previous report (3.1% of market cap)
- FCF (LTM) -25 bln RUB (negative), 16.5% of market cap
- EV/EBITDA multiple is 7x compared to historical level (50th percentile) of 6.8x
- EV/EBITDA expected multiple is 15.6x

Growth potential decreased by 99.9% to -153.3%

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2025-08-29

#FEES #reports

FGC UES reported for 2025 q2:
- Revenue +13.9% YoY (vs +16.3% in previous quarter and historical rate +44.5%)
- EBITDA +42% YoY (vs -58.0% in previous quarter and historical rate -0.5%)
- Net Income +123.5% YoY (vs +123.5% in previous quarter and historical rate -58.8%)
- EBITDA margin 31.2% increased compared to 25.0% same period last year
- Net Debt decreased by 11.8 bln rubles since the previous report (7.6% of market cap)
- FCF (LTM) -373 bln RUB (negative), 241.0% of market cap
- EV/EBITDA multiple is 13.7x compared to historical level (50th percentile) of 3x

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2025-08-29

#RTSB #reports

TNS Energo Rostov-on-Don reported for 2025 H1:
- Revenue +5.6% YoY (vs +9774.8% in previous half-year and historical rate +24.9%)
- EBITDA +9.9% YoY (vs +8592.1% in previous half-year and historical rate +43.4%)
- Net Income +69.5% YoY (vs -47.4% in previous half-year and historical rate -1006.7%)
- EBITDA margin 39.3% increased compared to 37.8% same period last year
- Net Debt decreased by 0.8 bln rubles since the previous report (3.2% of market cap)
- FCF (LTM) +1.6 bln RUB (positive), 6.4% of market cap
- EV/EBITDA multiple is 0x compared to historical level (50th percentile) of 0.1x

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2025-08-29

#NNSB #reports

TNS Energo NN reported for 2025 H1:
- Revenue -98.8% YoY (vs +4781.3% in previous half-year and historical rate +51.2%)
- EBITDA -0.3% YoY (vs +19954400.0% in previous half-year and historical rate +66.6%)
- Net Income -66.6% YoY (vs -211.9% in previous half-year and historical rate -902.1%)
- EBITDA margin 790.0% increased compared to 9.5% same period last year
- Net Debt decreased by 2.4 bln rubles since the previous report (16.2% of market cap)
- FCF (LTM) +4.8 bln RUB (positive), 32.4% of market cap
- EV/EBITDA multiple is 0x compared to historical level (50th percentile) of 0.1x

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2025-08-29

#YRSB #reports

TNS Energo Yaroslavl reported for 2025 H1:
- Revenue +9914.1% YoY (vs +16.9% in previous half-year and historical rate +37.8%)
- EBITDA +15523.7% YoY (vs -23.5% in previous half-year and historical rate +57.9%)
- Net Income +33.8% YoY (vs +4.7% in previous half-year and historical rate +2186.1%)
- EBITDA margin 8.9% increased compared to 5.7% same period last year
- Net Debt increased by 0.2 bln rubles since the previous report (2.0% of market cap)
- FCF (LTM) -1.6 bln RUB (negative), 12.8% of market cap
- EV/EBITDA multiple is 0.1x compared to historical level (50th percentile) of 18.8x

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2025-08-29

#UWGN #reports

Uniwagon reported for 2025 H1:
- Revenue -25.5% YoY (vs +62.5% in previous half-year and historical rate +48.4%)
- EBITDA -9% YoY (vs -12.0% in previous half-year and historical rate +63.2%)
- Net Income +0.5% YoY (vs -69.0% in previous half-year and historical rate -959.9%)
- EBITDA margin 44.3% increased compared to 36.3% same period last year
- Net Debt decreased by 11.2 bln rubles since the previous report (9.9% of market cap)
- FCF (LTM) -13.1 bln RUB (negative), 11.5% of market cap
- EV/EBITDA multiple is 2.7x compared to historical level (50th percentile) of 3x

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2025-08-29

#AQUA #reports

RUS AQUA reported for 2025 H1:
- Revenue -45% YoY (vs -14.7% in previous half-year and historical rate +6.9%)
- EBITDA -67.9% YoY (vs -24.3% in previous half-year and historical rate -8.3%)
- Net Income -427.1% YoY (vs +34.3% in previous half-year and historical rate -3.5%)
- EBITDA margin 23.6% decreased compared to 40.4% same period last year
- Net Debt increased by 2.1 bln rubles since the previous report (3.9% of market cap)
- FCF (LTM) -6.6 bln RUB (negative), 12.4% of market cap
- EV/EBITDA multiple is 9.3x compared to historical level (50th percentile) of 5.5x
- EV/EBITDA expected multiple is 15.4x

Growth potential decreased by 48.7% to -96.5%

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2025-08-29

#KBSB #reports

TNS Energo Kuban reported for 2025 H1:
- Revenue -98.8% YoY (vs -27.3% in previous half-year and historical rate +48.5%)
- EBITDA +0.1% YoY (vs -15.2% in previous half-year and historical rate +35.0%)
- Net Income +40.8% YoY (vs +21.0% in previous half-year and historical rate -30.3%)
- EBITDA margin 1866.9% increased compared to 23.2% same period last year
- Net Debt decreased by 1.4 bln rubles since the previous report (12.3% of market cap)
- FCF (LTM) +0.9 bln RUB (positive), 8.1% of market cap
- EV/EBITDA multiple is 0x compared to historical level (50th percentile) of 0x

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2025-08-29

#UGLD #reports

Yuzhuralzoloto Group reported for 2025 H1:
- Revenue +29.4% YoY (vs +8.0% in previous half-year and historical rate +13.7%)
- EBITDA +12.4% YoY (vs +42.6% in previous half-year and historical rate +10.9%)
- Net Income +34.4% YoY (vs -15.5% in previous half-year and historical rate -32.6%)
- EBITDA margin 28.9% decreased compared to 33.3% same period last year
- Net Debt increased by 2.5 bln rubles since the previous report (2.0% of market cap)
- FCF (LTM) -20.3 bln RUB (negative), 16.6% of market cap
- EV/EBITDA multiple is 6.6x compared to historical level (50th percentile) of 10.6x
- EV/EBITDA expected multiple is 9.7x

Growth potential decreased by 116.1% to -47.1%

------------------------------------------------

2025-08-29

#KAZT #reports

KuybyshevAzot PAO reported for 2025 H1:
- Revenue +1% YoY (vs -13.1% in previous half-year and historical rate -6.5%)
- EBITDA +4.2% YoY (vs -8.2% in previous half-year and historical rate -22.6%)
- Net Income -47.6% YoY (vs +63.6% in previous half-year and historical rate +103.0%)
- EBITDA margin 19.7% increased compared to 19.0% same period last year
- Net Debt decreased by 9.5 bln rubles since the previous report (11.0% of market cap)
- FCF (LTM) -16.6 bln RUB (negative), 19.2% of market cap
- EV/EBITDA multiple is 5.7x compared to historical level (50th percentile) of 4.2x
- EV/EBITDA expected multiple is 13.2x

Growth potential increased by 33.9% to -84.7%

------------------------------------------------

2025-08-29

#AFLT #reports

Aeroflot reported for 2025 q2:
- Revenue +10.3% YoY (vs +9.6% in previous quarter and historical rate +19.0%)
- EBITDA +38.9% YoY (vs -17.3% in previous quarter and historical rate +46.0%)
- EBITDA margin 41.2% increased compared to 32.7% same period last year
- Net Debt decreased by 36.2 bln rubles since the previous report (14.7% of market cap)
- FCF (LTM) +87.2 bln RUB (positive), 35.3% of market cap
- EV/EBITDA multiple is 3.1x compared to historical level (50th percentile) of 4.6x

------------------------------------------------

2025-08-29

#LKOH #reports

Lukoil reported for 2025 q1:
- Revenue -20.8% YoY (vs -12.6% in previous quarter and historical rate -7.4%)
- EBITDA -40.2% YoY (vs -36.5% in previous quarter and historical rate -0.4%)
- Net Income -48.4% YoY (vs -33.3% in previous quarter and historical rate +3.2%)
- EBITDA margin 16.8% decreased compared to 22.3% same period last year
- Net Debt increased by 541.7 bln rubles since the previous report (12.5% of market cap)
- FCF (LTM) -938 bln RUB (negative), 21.7% of market cap
- EV/EBITDA multiple is 3.1x compared to historical level (50th percentile) of 2.1x
- EV/EBITDA expected multiple is 4.9x

Growth potential decreased by 28.8% to -63.2%

------------------------------------------------

2025-08-29

#IVAT #reports

IVA Technologies reported for 2025 q1:
- Revenue -35.9% YoY (vs +128.6% in previous quarter and historical rate +71.1%)
- EBITDA -47.9% YoY (vs +161.9% in previous quarter and historical rate +72.3%)
- Net Income +241% YoY (vs +9.4% in previous quarter and historical rate +73.3%)
- EBITDA margin 51.4% decreased compared to 63.3% same period last year
- Net Debt increased by 0.1 bln rubles since the previous report (0.4% of market cap)
- FCF (LTM) +0.5 bln RUB (positive), 2.9% of market cap
- EV/EBITDA multiple is 7.8x compared to historical level (50th percentile) of 9.9x

------------------------------------------------

2025-08-29

#LKOH #reports

Lukoil reported for 2025 q2:
- Revenue -20.8% YoY (vs -12.6% in previous quarter and historical rate -7.4%)
- EBITDA -40.2% YoY (vs -36.5% in previous quarter and historical rate -0.4%)
- Net Income -51.2% YoY (vs -48.4% in previous quarter and historical rate -27.8%)
- EBITDA margin 16.8% decreased compared to 22.3% same period last year
- Net Debt increased by 541.7 bln rubles since the previous report (12.5% of market cap)
- FCF (LTM) -938 bln RUB (negative), 21.7% of market cap
- EV/EBITDA multiple is 3.1x compared to historical level (50th percentile) of 2.1x
- EV/EBITDA expected multiple is 4.9x

Growth potential decreased by 28.8% to -63.2%

------------------------------------------------

2025-08-29

#IVAT #reports

IVA Technologies reported for 2025 q2:
- Revenue -35.9% YoY (vs +128.6% in previous quarter and historical rate +71.1%)
- EBITDA -47.9% YoY (vs +161.9% in previous quarter and historical rate +72.3%)
- Net Income -66.1% YoY (vs +241.0% in previous quarter and historical rate +53.4%)
- EBITDA margin 51.4% decreased compared to 63.3% same period last year
- Net Debt increased by 0.1 bln rubles since the previous report (0.4% of market cap)
- FCF (LTM) +0.5 bln RUB (positive), 2.9% of market cap
- EV/EBITDA multiple is 7.8x compared to historical level (50th percentile) of 9.9x

------------------------------------------------

2025-08-29

#PIKK #reports

PIK Group reported for 2025 H1:
- Revenue +23.9% YoY (vs +28.1% in previous half-year and historical rate +8.8%)
- EBITDA -23% YoY (vs +23.9% in previous half-year and historical rate +3.5%)
- Net Income -21.6% YoY (vs -149.7% in previous half-year and historical rate +25.9%)
- EBITDA margin 13.0% decreased compared to 20.9% same period last year
- Net Debt increased by 62.4 bln rubles since the previous report (14.2% of market cap)
- FCF (LTM) +140.7 bln RUB (positive), 32.0% of market cap
- EV/EBITDA multiple is 7.4x compared to historical level (50th percentile) of 10.5x
- EV/EBITDA expected multiple is 6.9x

Growth potential decreased by 90.4% to +11.5%

------------------------------------------------

2025-08-29

#SMLT #reports

Samolet reported for 2025 H1:
- Revenue +0.1% YoY (vs +8.7% in previous half-year and historical rate +42.3%)
- EBITDA +18.1% YoY (vs -10.9% in previous half-year and historical rate +56.0%)
- Net Income -60.9% YoY (vs -79.6% in previous half-year and historical rate +133.1%)
- EBITDA margin 29.8% increased compared to 25.2% same period last year
- Net Debt increased by 63.4 bln rubles since the previous report (86.4% of market cap)
- FCF (LTM) -64.1 bln RUB (negative), 87.3% of market cap
- EV/EBITDA multiple is 8.4x compared to historical level (50th percentile) of 13.5x
- EV/EBITDA expected multiple is 8x

Growth potential increased by 79.9% to -351.4%

------------------------------------------------

2025-08-29

#RAGR #reports

Rusagro reported for 2025 q1:
- Revenue +18.6% YoY (vs +22.8% in previous quarter and historical rate +16.5%)
- EBITDA +48.2% YoY (vs +31.9% in previous quarter and historical rate +18.4%)
- Net Income +100% YoY (vs -11.9% in previous quarter and historical rate +898.7%)
- EBITDA margin 11.5% increased compared to 9.2% same period last year
- Net Debt increased by 7 bln rubles since the previous report (5.4% of market cap)
- FCF (LTM) -106.6 bln RUB (negative), 81.5% of market cap
- EV/EBITDA multiple is 5.1x compared to historical level (50th percentile) of 4.7x
- EV/EBITDA expected multiple is 10x

Growth potential decreased by 65.8% to -169.2%

------------------------------------------------

2025-08-29

#RAGR #reports

Rusagro reported for 2025 q2:
- Revenue +18.6% YoY (vs +22.8% in previous quarter and historical rate +16.5%)
- EBITDA +48.2% YoY (vs +31.9% in previous quarter and historical rate +18.4%)
- Net Income +100% YoY (vs +100.0% in previous quarter and historical rate +809.9%)
- EBITDA margin 11.5% increased compared to 9.2% same period last year
- Net Debt increased by 7 bln rubles since the previous report (5.4% of market cap)
- FCF (LTM) -106.6 bln RUB (negative), 81.3% of market cap
- EV/EBITDA multiple is 5.1x compared to historical level (50th percentile) of 4.7x
- EV/EBITDA expected multiple is 10x

Growth potential decreased by 65.8% to -169.2%

------------------------------------------------

2025-08-29

#MDMG #reports

MD Medical reported for 2025 H1:
- Revenue +22.2% YoY (vs +17.5% in previous half-year and historical rate +13.3%)
- EBITDA +15.1% YoY (vs +9.8% in previous half-year and historical rate +13.0%)
- Net Income +3.6% YoY (vs -137.3% in previous half-year and historical rate +5079.6%)
- EBITDA margin 30.2% decreased compared to 32.1% same period last year
- Net Debt increased by 4.3 bln rubles since the previous report (4.6% of market cap)
- FCF (LTM) +1.9 bln RUB (positive), 2.0% of market cap
- EV/EBITDA multiple is 8.2x compared to historical level (50th percentile) of 5.5x

------------------------------------------------

2025-08-29

#SGZH #reports

Segezha Group reported for 2025 q2:
- Revenue -22.4% YoY (vs +7.7% in previous quarter and historical rate -1.3%)
- EBITDA -257.9% YoY (vs -16.5% in previous quarter and historical rate -33.8%)
- Net Income -246.6% YoY (vs -31.6% in previous quarter and historical rate -4105.8%)
- EBITDA margin -25.0% decreased compared to 12.3% same period last year
- Net Debt increased by 17.4 bln rubles since the previous report (13.9% of market cap)
- FCF (LTM) -26.2 bln RUB (negative), 20.9% of market cap
- EV/EBITDA multiple is 148.2x compared to historical level (50th percentile) of 28.9x
- EV/EBITDA expected multiple is -8.3x

Growth potential decreased by 23.3% to -368.1%

------------------------------------------------

2025-08-29

#OZPH #reports

Ozon Pharm reported for 2025 q2:
- Revenue -18.4% YoY (vs +45.2% in previous quarter and historical rate +16.6%)
- EBITDA -39.5% YoY (vs +62.7% in previous quarter and historical rate +24.4%)
- Net Income -37.2% YoY (vs +28.0% in previous quarter and historical rate +34.2%)
- EBITDA margin 33.8% decreased compared to 45.7% same period last year
- Net Debt decreased by 9 bln rubles since the previous report (15.6% of market cap)
- FCF (LTM) -2.1 bln RUB (negative), 3.6% of market cap
- EV/EBITDA multiple is 7.9x compared to historical level (50th percentile) of 7.1x

------------------------------------------------

2025-08-29

#MSRS #reports

Rosseti Moscow Region reported for 2025 q2:
- Revenue +12% YoY (vs +7.0% in previous quarter and historical rate +11.2%)
- EBITDA +31.1% YoY (vs +26.7% in previous quarter and historical rate +23.6%)
- Net Income +21.3% YoY (vs +23.3% in previous quarter and historical rate +17.2%)
- EBITDA margin 30.8% increased compared to 26.3% same period last year
- Net Debt increased by 1.2 bln rubles since the previous report (1.7% of market cap)
- FCF (LTM) -9 bln RUB (negative), 12.2% of market cap
- EV/EBITDA multiple is 2.2x compared to historical level (50th percentile) of 2x

------------------------------------------------

2025-08-29

#SELG #reports

Seligdar reported for 2025 q1:
- Revenue +36.3% YoY (vs +36.3% in previous quarter and historical rate +29.9%)
- EBITDA +4.8% YoY (vs +4.8% in previous quarter and historical rate +17.5%)
- Net Income +58.8% YoY (vs -23.8% in previous quarter and historical rate -52.2%)
- EBITDA margin 18.8% decreased compared to 24.5% same period last year
- Net Debt increased by 16.8 bln rubles since the previous report (33.0% of market cap)
- FCF (LTM) -45.7 bln RUB (negative), 89.6% of market cap
- EV/EBITDA multiple is 7.3x compared to historical level (50th percentile) of 8.7x
- EV/EBITDA expected multiple is 15.2x

Growth potential decreased by 327.1% to -249.1%

------------------------------------------------

2025-08-29

#TTLK #reports

Tattelecom reported for 2025 H1:
- Revenue +5.3% YoY (vs +5.7% in previous half-year and historical rate +5.7%)
- EBITDA -9.7% YoY (vs -6.5% in previous half-year and historical rate -8.1%)
- Net Income -9.4% YoY (vs -26.5% in previous half-year and historical rate +24.6%)
- EBITDA margin 27.2% decreased compared to 31.7% same period last year
- Net Debt decreased by 0.5 bln rubles since the previous report (3.9% of market cap)
- FCF (LTM) +2.5 bln RUB (positive), 18.3% of market cap
- EV/EBITDA multiple is 2.5x compared to historical level (50th percentile) of 3x

------------------------------------------------

2025-08-29

#SELG #reports

Seligdar reported for 2025 q2:
- Revenue +36.3% YoY (vs +36.3% in previous quarter and historical rate +29.9%)
- EBITDA +4.8% YoY (vs +4.8% in previous quarter and historical rate +17.5%)
- Net Income +58.8% YoY (vs +58.8% in previous quarter and historical rate -62.7%)
- EBITDA margin 18.8% decreased compared to 24.5% same period last year
- Net Debt increased by 16.8 bln rubles since the previous report (32.8% of market cap)
- FCF (LTM) -45.7 bln RUB (negative), 89.2% of market cap
- EV/EBITDA multiple is 7.3x compared to historical level (50th percentile) of 8.7x
- EV/EBITDA expected multiple is 15.2x

Growth potential decreased by 326.9% to -248.9%

------------------------------------------------

2025-08-29

#ROLO #reports

Rusolovo reported for 2025 H1:
- Revenue +28.7% YoY (vs +8.0% in previous half-year and historical rate +12.4%)
- Net Income -60.4% YoY (vs -58.4% in previous half-year and historical rate -101.2%)
- EBITDA margin -21.8% increased compared to -22.9% same period last year
- Net Debt increased by 4.5 bln rubles since the previous report (24.2% of market cap)
- FCF (LTM) -11.4 bln RUB (negative), 61.5% of market cap
- EV/EBITDA expected multiple is -12.4x

Growth potential decreased by 71.4% to -463.8%

------------------------------------------------

2025-08-28

#AFKS #reports

Sistema reported for 2025 q2:
- Revenue +6.3% YoY (vs +8.4% in previous quarter and historical rate +14.3%)
- EBITDA +5.4% YoY (vs +20.9% in previous quarter and historical rate +7.0%)
- Net Income -2106.1% YoY (vs -1958.6% in previous quarter and historical rate -351.0%)
- EBITDA margin 30.1% decreased compared to 30.4% same period last year
- Net Debt decreased by 449.8 bln rubles since the previous report (284.3% of market cap)
- FCF (LTM) +216.8 bln RUB (positive), 137.0% of market cap
- EV/EBITDA multiple is 4.3x compared to historical level (50th percentile) of 7.6x

------------------------------------------------

2025-08-28

#ELMT #reports

Element reported for 2025 H1:
- Revenue -18.9% YoY (vs +35.1% in previous half-year and historical rate +22.7%)
- EBITDA -35.8% YoY (vs +22.9% in previous half-year and historical rate +34.3%)
- Net Income -47.3% YoY (vs +132.7% in previous half-year and historical rate +131.0%)
- EBITDA margin 22.3% decreased compared to 28.2% same period last year
- Net Debt decreased by 32.2 bln rubles since the previous report (48.4% of market cap)
- FCF (LTM) +19.3 bln RUB (positive), 29.0% of market cap
- EV/EBITDA multiple is 6.2x compared to historical level (50th percentile) of 8.7x

------------------------------------------------

2025-08-28

#GEMC #reports

United Medical Group reported for 2025 H1:
- Revenue +2.2% YoY (vs +4.6% in previous half-year and historical rate +4.8%)
- EBITDA +0.2% YoY (vs +13.5% in previous half-year and historical rate +18.9%)
- Net Income +25.7% YoY (vs +6.8% in previous half-year and historical rate +19.2%)
- EBITDA margin 41.0% decreased compared to 41.8% same period last year
- Net Debt decreased by 6.4 bln rubles since the previous report (9.3% of market cap)
- FCF (LTM) +12.8 bln RUB (positive), 18.5% of market cap
- EV/EBITDA multiple is 4.9x compared to historical level (50th percentile) of 6.6x

------------------------------------------------

2025-08-28

#MRKU #reports

IDGC Ural reported for 2025 q2:
- Revenue +7.2% YoY (vs +6.6% in previous quarter and historical rate +9.5%)
- EBITDA -20.5% YoY (vs -2.7% in previous quarter and historical rate +26.7%)
- Net Income -45.4% YoY (vs -46.7% in previous quarter and historical rate +48.3%)
- EBITDA margin 19.7% decreased compared to 26.5% same period last year
- Net Debt increased by 2.4 bln rubles since the previous report (6.6% of market cap)
- FCF (LTM) -6.8 bln RUB (negative), 18.6% of market cap
- EV/EBITDA multiple is 2.6x compared to historical level (50th percentile) of 2.3x

------------------------------------------------

2025-08-28

#PRMD #reports

Promomed reported for 2025 q1:
- Revenue +37.3% YoY (vs +169.1% in previous quarter and historical rate +33.9%)
- EBITDA +14% YoY (vs +986.8% in previous quarter and historical rate +31.5%)
- Net Income +100% YoY (vs +14.6% in previous quarter and historical rate +1.8%)
- EBITDA margin 31.8% decreased compared to 38.3% same period last year
- Net Debt increased by 1.9 bln rubles since the previous report (2.2% of market cap)
- FCF (LTM) -3 bln RUB (negative), 3.5% of market cap
- EV/EBITDA multiple is 10.7x compared to historical level (50th percentile) of 14.5x

------------------------------------------------

2025-08-28

#PRMD #reports

Promomed reported for 2025 q2:
- Revenue +37.3% YoY (vs +169.1% in previous quarter and historical rate +33.9%)
- EBITDA +14% YoY (vs +986.8% in previous quarter and historical rate +31.5%)
- Net Income +58.5% YoY (vs +100.0% in previous quarter and historical rate +7.5%)
- EBITDA margin 31.8% decreased compared to 38.3% same period last year
- Net Debt increased by 1.9 bln rubles since the previous report (2.2% of market cap)
- FCF (LTM) -3 bln RUB (negative), 3.5% of market cap
- EV/EBITDA multiple is 10.6x compared to historical level (50th percentile) of 14.5x

------------------------------------------------

2025-08-28

#RENI #reports

Renessans reported for 2025 q2:
- Revenue +28.1% YoY (vs +22.6% in previous quarter and historical rate +22.2%)
- Net Income -12.5% YoY (vs -16.7% in previous quarter and historical rate +36.9%)
- Net Income margin 4.3% decreased compared to 6.3% same period last year
- P/E multiple is 6x compared to historical level (50th percentile) of 4.9x

------------------------------------------------

2025-08-28

#HYDR #reports

Rushydro reported for 2025 q2:
- Revenue +16.4% YoY (vs +14.1% in previous quarter and historical rate +14.7%)
- EBITDA +35.6% YoY (vs +31.8% in previous quarter and historical rate +38.3%)
- Net Income +79.3% YoY (vs +14.2% in previous quarter and historical rate -37.7%)
- EBITDA margin 30.9% increased compared to 26.5% same period last year
- Net Debt increased by 55.6 bln rubles since the previous report (26.9% of market cap)
- FCF (LTM) -203.2 bln RUB (negative), 98.5% of market cap
- EV/EBITDA multiple is 4.4x compared to historical level (50th percentile) of 6x

------------------------------------------------

2025-08-28

#HNFG #reports

Henderson reported for 2025 H1:
- Revenue +17.1% YoY (vs +18.8% in previous half-year and historical rate +27.9%)
- EBITDA -1.7% YoY (vs +8.1% in previous half-year and historical rate +46.5%)
- EBITDA margin 24.4% decreased compared to 29.1% same period last year
- Net Debt increased by 2.2 bln rubles since the previous report (9.9% of market cap)
- FCF (LTM) -0.3 bln RUB (negative), 1.2% of market cap
- EV/EBITDA multiple is 4.1x compared to historical level (50th percentile) of 4.5x

------------------------------------------------

2025-08-28

#FIXP #reports

Fix Price reported for 2025 H1:
- Revenue -0.1% YoY (vs +6.6% in previous half-year and historical rate +7.2%)
- EBITDA +5.8% YoY (vs +0.2% in previous half-year and historical rate -0.3%)
- Net Income -56% YoY (vs -28.3% in previous half-year and historical rate -8.8%)
- EBITDA margin 11.0% increased compared to 10.4% same period last year
- Net Debt increased by 20.2 bln rubles since the previous report (17.3% of market cap)
- FCF (LTM) -46.7 bln RUB (negative), 40.0% of market cap
- EV/EBITDA multiple is 3.7x compared to historical level (50th percentile) of 5.6x

------------------------------------------------

2025-08-28

#ASTR #reports

Astra reported for 2025 q2:
- Revenue +13.3% YoY (vs +69.5% in previous quarter and historical rate +100.3%)
- EBITDA +20.5% YoY (vs +617.5% in previous quarter and historical rate +103.1%)
- Net Income -60.4% YoY (vs -9.1% in previous quarter and historical rate +64.1%)
- EBITDA margin 37.6% increased compared to 35.3% same period last year
- Net Debt increased by 2.3 bln rubles since the previous report (2.7% of market cap)
- FCF (LTM) +1.7 bln RUB (positive), 2.0% of market cap
- EV/EBITDA multiple is 11.5x compared to historical level (50th percentile) of 25.5x

------------------------------------------------

2025-08-28

#MRKY #reports

IDGC South reported for 2025 q2:
- Revenue +47.8% YoY (vs +49.0% in previous quarter and historical rate +13.0%)
- EBITDA +22.7% YoY (vs +39.7% in previous quarter and historical rate +64.8%)
- Net Income -30.1% YoY (vs +62.4% in previous quarter and historical rate +69.3%)
- EBITDA margin 13.6% decreased compared to 16.4% same period last year
- Net Debt increased by 1 bln rubles since the previous report (12.5% of market cap)
- FCF (LTM) -0.8 bln RUB (negative), 10.6% of market cap
- EV/EBITDA multiple is 2x compared to historical level (50th percentile) of 3x

------------------------------------------------

2025-08-27

#SIBN #reports

Gazprom Neft reported for 2025 q2:
- Revenue -15.1% YoY (vs -8.8% in previous quarter and historical rate +4.1%)
- EBITDA -30.4% YoY (vs -24.2% in previous quarter and historical rate -2.9%)
- Net Income -64.8% YoY (vs -40.3% in previous quarter and historical rate +11.0%)
- EBITDA margin 23.1% decreased compared to 28.1% same period last year
- Net Debt decreased by 9 bln rubles since the previous report (0.4% of market cap)
- FCF (LTM) -531.6 bln RUB (negative), 21.2% of market cap
- EV/EBITDA multiple is 3.9x compared to historical level (50th percentile) of 3.7x
- EV/EBITDA expected multiple is 6.7x

Growth potential increased by 15.3% to -84.2%

------------------------------------------------

2025-08-27

#TATN #reports

Tatneft reported for 2025 q1:
- Revenue -5.7% YoY (vs -5.7% in previous quarter and historical rate +12.3%)
- EBITDA -36.3% YoY (vs -36.3% in previous quarter and historical rate +8.9%)
- Net Income +31417.4% YoY (vs -97.1% in previous quarter and historical rate +65266.2%)
- EBITDA margin 16.4% decreased compared to 24.4% same period last year
- Net Debt increased by 116.3 bln rubles since the previous report (7.7% of market cap)
- FCF (LTM) +78.1 bln RUB (positive), 5.1% of market cap
- EV/EBITDA multiple is 4x compared to historical level (50th percentile) of 3.1x
- EV/EBITDA expected multiple is 8.1x

Growth potential decreased by 12.7% to -67.3%

------------------------------------------------

2025-08-27

#TATN #reports

Tatneft reported for 2025 q2:
- Revenue -5.7% YoY (vs -5.7% in previous quarter and historical rate +12.3%)
- EBITDA -36.3% YoY (vs -36.3% in previous quarter and historical rate +8.9%)
- Net Income -64.2% YoY (vs +31417.4% in previous quarter and historical rate +65252.6%)
- EBITDA margin 16.4% decreased compared to 24.4% same period last year
- Net Debt increased by 116.3 bln rubles since the previous report (7.7% of market cap)
- FCF (LTM) +78.1 bln RUB (positive), 5.2% of market cap
- EV/EBITDA multiple is 4x compared to historical level (50th percentile) of 3.1x
- EV/EBITDA expected multiple is 8.1x

Growth potential decreased by 12.7% to -67.3%

------------------------------------------------

2025-08-27

#NKNC #reports

Nizhnekamsknef-m reported for 2025 H1:
- Revenue +13.2% YoY (vs +12.8% in previous half-year and historical rate +8.1%)
- EBITDA +9.4% YoY (vs +14.2% in previous half-year and historical rate +6.3%)
- Net Income +34.6% YoY (vs -29.6% in previous half-year and historical rate +271.0%)
- EBITDA margin 23.7% decreased compared to 24.5% same period last year
- Net Debt decreased by 7.6 bln rubles since the previous report (5.3% of market cap)
- FCF (LTM) -43.4 bln RUB (negative), 30.3% of market cap
- EV/EBITDA multiple is 4.2x compared to historical level (50th percentile) of 4.7x
- EV/EBITDA expected multiple is 4.4x

Growth potential decreased by 33.4% to -13.3%

------------------------------------------------

2025-08-27

#RNFT #reports

Russneft reported for 2025 H1:
- Revenue -18.8% YoY (vs +4.1% in previous half-year and historical rate +0.9%)
- EBITDA -42.5% YoY (vs -3.3% in previous half-year and historical rate +29.9%)
- Net Income -68.5% YoY (vs +41.5% in previous half-year and historical rate -14.0%)
- EBITDA margin 20.2% decreased compared to 28.5% same period last year
- Net Debt decreased by 44.2 bln rubles since the previous report (120.5% of market cap)
- FCF (LTM) +6.5 bln RUB (positive), 17.7% of market cap
- EV/EBITDA multiple is 1.8x compared to historical level (50th percentile) of 2.3x
- EV/EBITDA expected multiple is 3x

Growth potential increased by 50.3% to -93.1%

------------------------------------------------

2025-08-27

#ASTR #reports

Astra reported for 2025 q1:
- Revenue +69.5% YoY (vs +77.0% in previous quarter and historical rate +111.7%)
- EBITDA +617.5% YoY (vs +55.0% in previous quarter and historical rate +112.6%)
- EBITDA margin 18.3% increased compared to 4.3% same period last year
- Net Debt decreased by 2.3 bln rubles since the previous report (2.7% of market cap)
- FCF (LTM) +2.5 bln RUB (positive), 3.0% of market cap
- EV/EBITDA multiple is 11.5x compared to historical level (50th percentile) of 25.5x

------------------------------------------------

2025-08-27

#PLZL #reports

Polyus reported for 2025 q1:
- Revenue +24.8% YoY (vs +24.8% in previous quarter and historical rate +35.0%)
- EBITDA +14.7% YoY (vs +14.7% in previous quarter and historical rate +46.6%)
- Net Income +20.5% YoY (vs +79.7% in previous quarter and historical rate +55.5%)
- EBITDA margin 66.2% decreased compared to 72.0% same period last year
- Net Debt decreased by 61.3 bln rubles since the previous report (3.0% of market cap)
- FCF (LTM) +165.3 bln RUB (positive), 8.0% of market cap
- EV/EBITDA multiple is 4.9x compared to historical level (50th percentile) of 5.7x
- EV/EBITDA expected multiple is 6.1x

Growth potential decreased by 17.7% to -16.2%

------------------------------------------------

2025-08-27

#PLZL #reports

Polyus reported for 2025 q2:
- Revenue +24.8% YoY (vs +24.8% in previous quarter and historical rate +35.0%)
- EBITDA +14.7% YoY (vs +14.7% in previous quarter and historical rate +46.6%)
- Net Income +20.5% YoY (vs +20.5% in previous quarter and historical rate +56.7%)
- EBITDA margin 66.2% decreased compared to 72.0% same period last year
- Net Debt decreased by 61.3 bln rubles since the previous report (3.0% of market cap)
- FCF (LTM) +165.3 bln RUB (positive), 8.0% of market cap
- EV/EBITDA multiple is 4.9x compared to historical level (50th percentile) of 5.7x
- EV/EBITDA expected multiple is 6.1x

Growth potential decreased by 17.7% to -16.2%

------------------------------------------------

2025-08-27

#MRKZ #reports

IDGC North West reported for 2025 q2:
- Revenue +26.2% YoY (vs +31.8% in previous quarter and historical rate +16.9%)
- EBITDA -47.2% YoY (vs +38.5% in previous quarter and historical rate +35.3%)
- Net Income -1927.2% YoY (vs -18.1% in previous quarter and historical rate -161.2%)
- EBITDA margin 5.3% decreased compared to 12.7% same period last year
- Net Debt increased by 0.5 bln rubles since the previous report (6.1% of market cap)
- FCF (LTM) +3.8 bln RUB (positive), 42.5% of market cap
- EV/EBITDA multiple is 1.8x compared to historical level (50th percentile) of 3.4x

------------------------------------------------

2025-08-27

#WUSH #reports

Whoosh reported for 2025 H1:
- Revenue -14.8% YoY (vs +27.2% in previous half-year and historical rate +43.0%)
- EBITDA -73.5% YoY (vs +26.3% in previous half-year and historical rate +20.4%)
- Net Income -831.7% YoY (vs +19.9% in previous half-year and historical rate -63.5%)
- EBITDA margin 13.7% decreased compared to 44.0% same period last year
- Net Debt increased by 2.6 bln rubles since the previous report (19.4% of market cap)
- FCF (LTM) -1.8 bln RUB (negative), 13.5% of market cap
- EV/EBITDA multiple is 6.8x compared to historical level (50th percentile) of 7.2x

------------------------------------------------

2025-08-27

#MRKV #reports

IDGC Volga reported for 2025 q2:
- Revenue +53.7% YoY (vs +52.6% in previous quarter and historical rate +19.6%)
- EBITDA +116.9% YoY (vs +52.4% in previous quarter and historical rate +35.2%)
- Net Income +100% YoY (vs +87.6% in previous quarter and historical rate +56.1%)
- EBITDA margin 13.0% increased compared to 9.2% same period last year
- Net Debt increased by 1 bln rubles since the previous report (4.2% of market cap)
- FCF (LTM) +3.3 bln RUB (positive), 13.6% of market cap
- EV/EBITDA multiple is 1.5x compared to historical level (50th percentile) of 1.5x

------------------------------------------------

2025-08-27

#MRKS #reports

IDGC Siberia reported for 2025 q1:
- Revenue +63.2% YoY (vs +13.1% in previous quarter and historical rate +19.7%)
- EBITDA +86.8% YoY (vs +110.3% in previous quarter and historical rate +37.5%)
- Net Income +19.6% YoY (vs +100.0% in previous quarter and historical rate -133.0%)
- EBITDA margin 7.3% increased compared to 6.4% same period last year
- Net Debt increased by 0.8 bln rubles since the previous report (1.5% of market cap)
- FCF (LTM) -50.7 bln RUB (negative), 101.3% of market cap
- EV/EBITDA multiple is 6.5x compared to historical level (50th percentile) of 10.9x

------------------------------------------------

2025-08-27

#MRKS #reports

IDGC Siberia reported for 2025 q2:
- Revenue +63.2% YoY (vs +13.1% in previous quarter and historical rate +19.7%)
- EBITDA +86.8% YoY (vs +110.3% in previous quarter and historical rate +37.5%)
- Net Income +19.6% YoY (vs +19.6% in previous quarter and historical rate -106.6%)
- EBITDA margin 7.3% increased compared to 6.4% same period last year
- Net Debt increased by 0.8 bln rubles since the previous report (1.5% of market cap)
- FCF (LTM) -50.7 bln RUB (negative), 101.3% of market cap
- EV/EBITDA multiple is 6.5x compared to historical level (50th percentile) of 10.9x

------------------------------------------------

2025-08-26

#AKRN #reports

Acron reported for 2025 q2:
- Revenue +29.1% YoY (vs +30.3% in previous quarter and historical rate +1.5%)
- EBITDA +42.1% YoY (vs +6.7% in previous quarter and historical rate -1.3%)
- Net Income +29% YoY (vs +123.8% in previous quarter and historical rate +24.0%)
- EBITDA margin 29.8% increased compared to 27.0% same period last year
- Net Debt increased by 4.9 bln rubles since the previous report (0.7% of market cap)
- FCF (LTM) +0.2 bln RUB (positive), 0.0% of market cap
- EV/EBITDA multiple is 10.8x compared to historical level (50th percentile) of 8.9x
- EV/EBITDA expected multiple is 10.8x

Growth potential increased by 6.6% to -30.0%

------------------------------------------------

2025-08-26

#VSEH #reports

VseInstrumenti reported for 2025 q1:
- Revenue +10.3% YoY (vs +18.8% in previous quarter and historical rate +38.9%)
- EBITDA +106.8% YoY (vs -5.8% in previous quarter and historical rate +55.1%)
- Net Income -200.9% YoY (vs -35.4% in previous quarter and historical rate -86.4%)
- EBITDA margin 9.7% increased compared to 5.2% same period last year
- Net Debt decreased by 7.1 bln rubles since the previous report (17.9% of market cap)
- FCF (LTM) -0.5 bln RUB (negative), 1.2% of market cap
- EV/EBITDA multiple is 4.6x compared to historical level (50th percentile) of 7.4x

------------------------------------------------

2025-08-26

#VSEH #reports

VseInstrumenti reported for 2025 q2:
- Revenue +10.3% YoY (vs +18.8% in previous quarter and historical rate +38.9%)
- EBITDA +106.8% YoY (vs -5.8% in previous quarter and historical rate +55.1%)
- EBITDA margin 9.7% increased compared to 5.2% same period last year
- Net Debt decreased by 7.1 bln rubles since the previous report (17.9% of market cap)
- FCF (LTM) -0.5 bln RUB (negative), 1.2% of market cap
- EV/EBITDA multiple is 4.6x compared to historical level (50th percentile) of 7.4x

------------------------------------------------

2025-08-26

#MOEX #reports

MOEX reported for 2025 q2:
- Revenue -11.6% YoY (vs -10.8% in previous quarter and historical rate +33.6%)
- Net Income -22.8% YoY (vs -32.9% in previous quarter and historical rate +36.0%)
- Net Income margin 46.5% decreased compared to 53.2% same period last year
- P/E multiple is 6.1x compared to historical level (50th percentile) of 6.5x

------------------------------------------------

2025-08-26

#ZAYM #reports

Zaymer reported for 2025 q2:
- Revenue +28.2% YoY (vs +22.7% in previous quarter and historical rate +11.6%)
- Net Income -21.4% YoY (vs +99.6% in previous quarter and historical rate +8.5%)
- Net Income margin 16.4% decreased compared to 26.8% same period last year
- P/E multiple is 3.6x compared to historical level (50th percentile) of 3.6x

------------------------------------------------

2025-08-22

#CARM #reports

CarMoney reported for 2025 H1:
- Revenue -23.7% YoY (vs -42.7% in previous half-year and historical rate -4.2%)
- Net Income -59.1% YoY (vs -60.6% in previous half-year and historical rate -0.8%)
- Net Income margin 5.7% decreased compared to 10.6% same period last year
- P/E multiple is 20.2x compared to historical level (50th percentile) of 10.2x

------------------------------------------------

2025-08-22

#DATA #reports

ArenaData reported for 2025 H1:
- Revenue -41.8% YoY (vs +26.2% in previous half-year and historical rate +47.9%)
- EBITDA -298.2% YoY (vs -21.5% in previous half-year and historical rate +15.5%)
- Net Income -251.3% YoY (vs -13.1% in previous half-year and historical rate +12.8%)
- EBITDA margin -87.8% decreased compared to 25.8% same period last year
- Net Debt increased by 0.6 bln rubles since the previous report (2.2% of market cap)
- FCF (LTM) +1.3 bln RUB (positive), 4.9% of market cap
- EV/EBITDA multiple is 188.5x compared to historical level (50th percentile) of 12.9x

------------------------------------------------

2025-08-22

#DELI #reports

Delimobil reported for 2025 H1:
- Revenue +15.9% YoY (vs +23.7% in previous half-year and historical rate +28.0%)
- EBITDA -7.3% YoY (vs -20.4% in previous half-year and historical rate +24.0%)
- Net Income -469.8% YoY (vs -144.6% in previous half-year and historical rate +41.8%)
- EBITDA margin 12.3% decreased compared to 15.4% same period last year
- Net Debt increased by 1 bln rubles since the previous report (4.1% of market cap)
- FCF (LTM) -5.7 bln RUB (negative), 24.4% of market cap
- EV/EBITDA multiple is 11.2x compared to historical level (50th percentile) of 14.5x

------------------------------------------------

2025-08-22

#BSPB #reports

Bank Sankt-Peterburg reported for 2025 q2:
- Revenue +1.7% YoY (vs +12.8% in previous quarter and historical rate +17.0%)
- Net Income -19.2% YoY (vs +19.3% in previous quarter and historical rate +43.7%)
- Net Income margin 39.5% decreased compared to 49.6% same period last year
- P/E multiple is 2.6x compared to historical level (50th percentile) of 2.6x

------------------------------------------------

2025-08-21

#ENPG #reports

En+ Group reported for 2025 H1:
- Revenue +22.5% YoY (vs -6.9% in previous half-year and historical rate +35.2%)
- EBITDA -7.4% YoY (vs +5.3% in previous half-year and historical rate +8.6%)
- Net Income -66.5% YoY (vs +158.4% in previous half-year and historical rate +987.9%)
- EBITDA margin 15.1% decreased compared to 20.0% same period last year
- Net Debt decreased by 189 bln rubles since the previous report (62.2% of market cap)
- FCF (LTM) +25.9 bln RUB (positive), 8.5% of market cap
- EV/EBITDA multiple is 7.3x compared to historical level (50th percentile) of 10.9x

------------------------------------------------

2025-08-21

#TRMK #reports

TMK (pipe) reported for 2025 q1:
- Revenue -14.4% YoY (vs -14.4% in previous quarter and historical rate -2.6%)
- EBITDA +13.8% YoY (vs +13.8% in previous quarter and historical rate +10.7%)
- Net Income -78.9% YoY (vs -206.3% in previous quarter and historical rate +27.0%)
- EBITDA margin 17.0% increased compared to 12.8% same period last year
- Net Debt increased by 15.9 bln rubles since the previous report (14.6% of market cap)
- FCF (LTM) +16.4 bln RUB (positive), 15.1% of market cap
- EV/EBITDA multiple is 6.1x compared to historical level (50th percentile) of 3.9x
- EV/EBITDA expected multiple is 7x

Growth potential decreased by 20.2% to -229.4%

------------------------------------------------

2025-08-21

#MGKL #reports

Mosgorlombard reported for 2025 q1:
- Revenue -87.8% YoY (vs -87.8% in previous quarter and historical rate +102.7%)
- Net Income +84.8% YoY (vs +83.2% in previous quarter and historical rate +142.4%)
- Net Income margin 110.7% increased compared to 7.3% same period last year
- P/E multiple is 4.8x compared to historical level (50th percentile) of 5.3x

------------------------------------------------

2025-08-21

#TRMK #reports

TMK (pipe) reported for 2025 q2:
- Revenue -14.4% YoY (vs -14.4% in previous quarter and historical rate -2.6%)
- EBITDA +13.8% YoY (vs +13.8% in previous quarter and historical rate +10.7%)
- Net Income -78.9% YoY (vs -78.9% in previous quarter and historical rate -22.8%)
- EBITDA margin 17.0% increased compared to 12.8% same period last year
- Net Debt increased by 15.9 bln rubles since the previous report (14.6% of market cap)
- FCF (LTM) +16.4 bln RUB (positive), 15.1% of market cap
- EV/EBITDA multiple is 6.1x compared to historical level (50th percentile) of 3.9x
- EV/EBITDA expected multiple is 7x

Growth potential decreased by 20.2% to -229.4%

------------------------------------------------

2025-08-21

#MGKL #reports

Mosgorlombard reported for 2025 q2:
- Revenue -87.8% YoY (vs -87.8% in previous quarter and historical rate +102.7%)
- Net Income +84.8% YoY (vs +83.2% in previous quarter and historical rate +142.4%)
- Net Income margin 110.7% increased compared to 7.3% same period last year
- P/E multiple is 4.7x compared to historical level (50th percentile) of 5.3x

------------------------------------------------

2025-08-20

#NLMK #reports

NLMK reported for 2025 q1:
- Revenue -18.1% YoY (vs -5.6% in previous quarter and historical rate -9.2%)
- EBITDA -56% YoY (vs -42.5% in previous quarter and historical rate -25.1%)
- Net Income -37.6% YoY (vs -43.7% in previous quarter and historical rate -30.3%)
- EBITDA margin 17.5% decreased compared to 32.5% same period last year
- Net Debt decreased by 4.9 bln rubles since the previous report (0.6% of market cap)
- FCF (LTM) +49.7 bln RUB (positive), 6.6% of market cap
- EV/EBITDA multiple is 3.9x compared to historical level (50th percentile) of 2.9x
- EV/EBITDA expected multiple is 3.4x

Growth potential decreased by 45.6% to -9.6%

------------------------------------------------

2025-08-20

#NLMK #reports

NLMK reported for 2025 q2:
- Revenue -18.1% YoY (vs -5.6% in previous quarter and historical rate -9.2%)
- EBITDA -56% YoY (vs -42.5% in previous quarter and historical rate -25.1%)
- Net Income -37.6% YoY (vs -37.6% in previous quarter and historical rate -33.4%)
- EBITDA margin 17.5% decreased compared to 32.5% same period last year
- Net Debt decreased by 4.9 bln rubles since the previous report (0.6% of market cap)
- FCF (LTM) +49.7 bln RUB (positive), 6.5% of market cap
- EV/EBITDA multiple is 3.9x compared to historical level (50th percentile) of 2.9x
- EV/EBITDA expected multiple is 3.4x

Growth potential decreased by 46.3% to -10.2%

------------------------------------------------

2025-08-20

#CNRU #reports

Cian reported for 2025 q1:
- Revenue +11.5% YoY (vs +4.9% in previous quarter and historical rate +25.9%)
- EBITDA 0% YoY (vs -22.0% in previous quarter and historical rate +84.4%)
- EBITDA margin 19.7% decreased compared to 22.0% same period last year
- Net Debt decreased by 1.1 bln rubles since the previous report (2.5% of market cap)
- FCF (LTM) +1.1 bln RUB (positive), 2.4% of market cap
- EV/EBITDA multiple is 17.1x compared to historical level (50th percentile) of 18.1x

------------------------------------------------

2025-08-20

#CNRU #reports

Cian reported for 2025 q2:
- Revenue +11.5% YoY (vs +4.9% in previous quarter and historical rate +25.9%)
- EBITDA 0% YoY (vs -22.0% in previous quarter and historical rate +84.4%)
- EBITDA margin 19.7% decreased compared to 22.0% same period last year
- Net Debt decreased by 1.1 bln rubles since the previous report (2.5% of market cap)
- FCF (LTM) +1.1 bln RUB (positive), 2.4% of market cap
- EV/EBITDA multiple is 17.1x compared to historical level (50th percentile) of 18.1x

------------------------------------------------

2025-08-20

#LEAS #reports

Europlan reported for 2025 q2:
- Revenue +4.7% YoY (vs +19.5% in previous quarter and historical rate +28.0%)
- Net Income -88.5% YoY (vs -68.5% in previous quarter and historical rate +0.9%)
- Net Income margin 4.7% decreased compared to 43.3% same period last year
- P/E multiple is 9.8x compared to historical level (50th percentile) of 5.8x

------------------------------------------------

2025-08-19

#MTSS #reports

MTS reported for 2025 q2:
- Revenue +14.4% YoY (vs +8.8% in previous quarter and historical rate +11.4%)
- EBITDA +11.2% YoY (vs +7.4% in previous quarter and historical rate +4.8%)
- EBITDA margin 32.8% decreased compared to 33.7% same period last year
- Net Debt decreased by 26 bln rubles since the previous report (6.7% of market cap)
- FCF (LTM) +43.6 bln RUB (positive), 11.3% of market cap
- EV/EBITDA multiple is 3.6x compared to historical level (50th percentile) of 4.4x

------------------------------------------------

2025-08-19

#MBNK #reports

MTS Bank reported for 2025 q2:
- Revenue -6.3% YoY (vs -21.1% in previous quarter and historical rate +22.7%)
- Net Income -36.1% YoY (vs -74.9% in previous quarter and historical rate +42.9%)
- Net Income margin 15.0% decreased compared to 22.1% same period last year
- P/E multiple is 5.9x compared to historical level (50th percentile) of 4.1x

General information

Gazprom PJSC operates gas pipeline systems, produces and explores gas, and transports high pressure gas in the Russian Federation and European countries. The Company also engaged in oil production, oil refining, gas storage, and electric and heat energy generation.

Current market environment: negative. Prices of production are 8.5% lower compared to the last 12 months (LTM)
Prices of production are at 46.4% percentile over the past 5 years, adjusted for inflation
Dividend yield for the last twelve months 0.1%
Free cash flow yield -32.8% (LTM), projected -52.5%
Share of USD-denominated sales in revenue of the company (estimate) 34.0%
Share price is 15.6% higher than minimum and 49.2% lower than maximum for the last 3 years
The company is overvalued by EV / LTM EBITDA multiple compared to target level (3.6x vs
)
The company is overvalued by EV / projected EBITDA multiple compared to target level (
vs
)
Taking into account the impact of the key rate 18.0% on the change in financial parameters: EBITDA adjustment is -441 400 mln rub as NetDebt * (current key rate - normalized 7%) / 2, expected EBITDA adjusted for key rate increases is 1 747 135 mln rub, expected mult is 6.3x, target mult is 4.0x, potential is -132.8%

Key Financials (Download financials)

Ticker: GAZP

Share price, RUB: (-0.8%)123.84

year average price 135.39

year start price 121.73 2024-09-16

min close price 107.16 2024-12-19

max close price 180.05 2025-02-17

current price 125.43 2025-09-15

Common stocks: 23 673 510 000

Dividend Yield: 0.1%

FCF Yield LTM / expected: -32.8% / -52.5%

EV / LTM EBITDA:3.6x

EV / EBITDA annualized: 3.8x

Production prices change from LTM: -8.5%

EV / projected EBITDA:

Target EV / EBITDA (hist percentile):

Express share price potential:

EV / LTM EBITDA mutiple calculation

Market Cap (m RUB): 2 931 727

Net Debt (m RUB): 7 552 064

EV (Enterprise Value): 10 483 791

EBITDA LTM (m RUB): 2 910 845

Net Income LTM (m RUB): 1 257 217

EV / LTM EBITDA: 3.6x

Net Debt / LTM EBITDA (if EBITDA > 0): 2.6x

Average daily trading volume for the week, RUB mln: 5307

P / E 2.3x

P / E ann-d2.2x

P / B 0.2x

EBITDA margin ann-d 31.2%

Net income margin ann-d 15.6%

Revenue and EBITDA

Quarterly values (m RUB)

Change (y/y)

Cash Flow

FCF (m RUB), before FX effects elimination

Net Debt / Cash and Equivalents (m RUB)

Share price and dividends (Download history)

Share price

Payment RUB per share

Multiple and potential

EV / LTM EBITDA and 50% percentile

Potential dynamics

Daily trade volumes

Millions of RUB

P/B and P/E multipliers

P / B

P / E

MSFO data *The values are shown in mln RUB The % change shows the difference from the same period last year

View as Pivot Table Export as Pivot Table (xlsx)

Income

Q	Revenue	Gross profit	Operating income	Net income	PercentProfit	PercentLoss


2025 q2	2 181 001-6%		344 395-12%	340 073-19%	201 125-42%	-133 354+7%
2025 q1	2 808 692+1%		479 604-24%	694 400+3%	604 535>+200%	-143 937-5%
2024 q4	3 185 092+38%		36 031<-100%	260 963<-100%	364 351+88%	-434 517+106%
2024 q3	2 411 538+14%		400 205+56%	-38 219<-100%	148 949+2%	-326 895-24%
2024 q2	2 309 190+28%		392 718+63%	418 591<-100%	347 525+178%	-124 667-73%
2024 q1	2 778 865+53%		627 436+161%	677 375<-100%	141 358+13%	-151 566-67%
2023 q4	2 308 278-21%		-430 591<-100%	-327 549<-100%	193 919-28%	-211 177-55%
2023 q3	2 119 260-27%		256 831-40%	79 254-4%	146 430-45%	-429 354-9%
2023 q2	1 810 962-29%		240 661-62%	-7 232<-100%	125 196-92%	-457 501-50%
2023 q1	1 810 962		240 661	-7 232	125 196	-457 501
2022 q4	2 918 486-17%		431 468-48%	82 274-86%	268 055+38%	-473 421+126%
2022 q3	2 918 486+23%		431 468-28%	82 274-86%	268 055+187%	-473 421>+200%
2022 q2	2 546 068+23%		640 754+29%	1 064 823+101%	1 626 622>+200%	-921 786>+200%
2021 q4	3 516 221+74%		822 044+184%	579 148+59%	193 710-12%	-209 276+139%
2021 q3 ( 607 , 610 )	2 373 164+70%		602 619>+200%	584 417<-100%	93 479+38%	-72 119-87%
2021 q2 ( 608 , 611 )	2 066 807+78%		496 405<-100%	529 907>+200%	178 255-45%	-79 856+38%
2021 q1 ( 609 , 612 )	2 285 161+31%		490 193+67%	465 614<-100%	149 723+11%	-137 859-80%
2020 q4 ( 613 , 614 , 615 )	2 020 341+3%		289 699-16%	364 614+104%	220 350+84%	-87 566+31%
2020 q3 ( 616 , 619 )	1 398 070-14%	-247 667<-100%	135 167<-100%	-247 667<-100%	67 698-63%	-536 968>+200%
2020 q2 ( 617 , 620 )	1 163 316-35%		-103 474<-100%	153 542-52%	324 386>+200%	-58 014+5%
2020 q1 ( 618 , 621 )	1 739 832-24%		293 459-36%	-108 082<-100%	134 966-48%	-682 970>+200%
2019 q4 ( 622 , 623 , 624 )	1 961 284-16%		344 349-37%	179 084-61%	120 063+39%	-66 871-62%
2019 q3 ( 625 , 627 )	1 621 588-16%	228 304	-5 370<-100%	211 789-47%	181 215+15%	-163 471-32%
2019 q2 ( 628 , 629 )	1 784 930-3%		322 116-22%	319 131+18%	95 415-43%	-55 502-81%
2019 q1 ( 626 , 630 )	2 291 821+7%		458 762-2%	559 513+43%	258 223+183%	-68 991-36%
2018 q4 ( 631 , 632 , 633 )	2 322 586+22%		545 079+16%	464 910>+200%	86 198-2%	-177 920+101%
2018 q3 ( 634 , 637 )	1 930 036+35%		505 678+139%	400 535+93%	156 954+53%	-240 290>+200%
2018 q2 ( 635 , 638 )	1 833 224+31%		411 692+116%	271 382>+200%	168 559>+200%	-287 409+54%
2018 q1 ( 636 , 639 )	2 138 331+18%		467 581<-100%	392 169+12%	91 380-50%	-107 423+104%
2017 q4 ( 641 , 642 , 643 , 2997 )	1 904 547+6%		471 634+199%	151 254-42%	88 356-56%	-88 707+102%
2017 q3 ( 644 , 645 )	1 431 662+14%		211 683+37%	207 571+85%	102 305-12%	-78 710-40%
2017 q2	1 394 633+5%		190 302+71%	57 667-77%	52 912-82%	-186 939+43%
2017 q1 ( 646 , 647 , 648 )	1 815 301+4%		-2 214<-100%	350 387-6%	183 132-55%	-52 688-78%
2016 q4 ( 650 , 651 , 652 )	1 789 687-4%		157 760-15%	259 713+126%	202 733<-100%	-43 883<-100%
2016 q3 ( 653 , 656 )	1 256 992-3%		154 651-57%	111 986<-100%	115 996+42%	-132 100-72%
2016 q2 ( 654 , 657 )	1 327 008+5%		111 196-50%	252 064-16%	296 929-22%	-130 835-51%
2016 q1 ( 655 , 658 )	1 737 364+5%		301 973-34%	373 341-4%	403 339-41%	-236 552-65%
2015 q4 ( 660 , 661 , 662 )	1 867 101+18%		185 548-40%	114 928<-100%	-154 659<-100%	12 081<-100%
2015 q3 ( 663 , 665 )	1 292 765+14%		361 469+1%	-985<-100%	81 702>+200%	-471 746+66%
2015 q2 ( 2999 , 3000 )	1 265 199-4%		222 629+33%	301 638+29%	379 628+175%	-265 834>+200%
2015 q1 ( 664 , 666 )	1 648 253+6%		458 655-3%	389 618+68%	683 675>+200%	-683 588>+200%
2014 q4 ( 668 , 669 , 670 , 671 , 672 )	1 582 289+7%		311 823-23%	-415 462<-100%	200 175>+200%	-936 658>+200%
2014 q3	1 133 590-6%		358 951+9%	107 428-62%	24 033-51%	-283 343>+200%
2014 q2	1 315 195+19%		166 860-50%	233 562+14%	138 286>+200%	-15 453-86%
2014 q1 ( 673 , 676 )	1 558 737+7%		472 790-8%	231 664-40%	27 3100%	-203 087>+200%
2013 q4 ( 678 , 679 , 680 )	1 477 297+25%		404 309-11%	289 374-29%	41 504-25%	-74 273+74%
2013 q3	1 204 546+7%		329 898+25%	282 926-9%	49 518-50%	-47 355+110%
2013 q2	1 106 681+10%		337 021+5%	205 253+26%	11 135-22%	-111 187-27%
2013 q1 ( 681 , 684 )	1 461 4410%		515 981+67%	388 152+5%	27 366-80%	-51 292+71%
2012 q4 ( 686 , 687 , 688 )	1 177 544-12%		456 299-5%	405 823+1%	55 203	-42 601
2012 q3	1 121 656+18%		264 335-19%	312 336+101%	99 571	-22 559
2012 q2	1 005 854-2%		320 850-8%	163 079-47%	14 241	-151 929
2012 q1 ( 689 , 692 )	1 461 441+11%		309 193-38%	371 177-22%	139 474	-30 079
2011 q4	1 340 434+42%		480 313+42%	401 615+21%
2011 q3	949 585		328 035+66%	155 625-3%
2011 q2	1 030 324+35%		349 987+47%	306 702+79%
2011 q1	1 316 747		498 508	478 500
2010 q4	945 034+26%		339 192+58%	333 045+68%
2010 q3			197 019-8%	160 519-19%
2010 q2	761 952		238 419	171 385
2010 q1
2009 q4	747 743-15%		214 228-32%	198 448+3%
2009 q3	747 743-15%		214 228-32%	198 448+3%
2008 q4	879 740+47%		315 077+80%	192 845+11%
2008 q3	879 740+47%		315 077+80%	192 845+11%
2007 q4	597 617+11%		175 445-11%	173 746+9%
2007 q3	597 617+11%		175 445-11%	173 746+9%
2006 q4	538 028+56%		197 047+74%	159 115+101%
2006 q3	538 028		197 047	159 115
2005 q4	345 886		113 496	78 983

Balance

Implied interest rate for 2025 q2:
= (PercentLoss - PercentProfit) * (365 / periodLength) / (NetDebt - MinorityInterest)
= (133 354 - 201 125) * 4 / (7 552 064 - 971 667)

Q	Total equity	Total assets	Net debt	Implied interest rate	NetDebt / LTM EBITDA


2025 q2	18 624 943+6%	30 580 217+4%	7 552 064+1%	-4.1%	2.59x
2025 q1	18 360 562	30 497 901	7 197 813	-29.5%	2.43x
2024 q4	17 660 962+7%	30 698 255+7%	7 797 237+10%	4.1%	2.27x
2024 q3	17 500 829	30 118 258	7 635 029	10.6%	3.18x
2024 q2	17 571 751+4%	29 270 926+6%	7 502 924+19%	-13.5%	3.40x
2024 q1					3.48x
2023 q4	16 452 7140%	28 713 748+10%	7 056 626+38%	1.1%	3.58x
2023 q3					2.38x
2023 q2	16 901 575+3%	27 501 540+5%	6 283 889	23.9%	2.06x
2023 q1					1.66x
2022 q4	16 445 845-2%	26 128 929-3%	5 100 634+27%	18.7%	1.32x
2022 q3					1.05x
2022 q2	16 445 845+5%	26 128 929+6%			1.03x
2021 q4	16 866 579+14%	27 047 230+16%	4 002 422-17%	1.8%	0.98x
2021 q3 ( 607 , 610 )	16 340 174+14%	26 012 278+16%	4 570 769-12%	-2.1%	1.41x
2021 q2 ( 608 , 611 )	15 632 773+9%	24 624 250+12%	4 403 906+1%	-10.3%	1.64x
2021 q1 ( 609 , 612 )	15 407 688+5%	24 020 955+7%	4 696 007+6%	-1.2%	2.34x
2020 q4 ( 613 , 614 , 615 )	14 804 732+1%	23 352 185+7%	4 816 696+26%	-12.5%	2.93x
2020 q3 ( 616 , 619 )	14 337 546-1%	22 460 133+5%	5 202 476+48%	40.3%	5.51x
2020 q2 ( 617 , 620 )	14 309 573+2%	22 059 001+4%	4 359 691+36%	-27.8%	3.96x
2020 q1 ( 618 , 621 )	14 687 705+4%	22 479 468+6%	4 446 221+27%	56.1%	3.05x
2019 q4 ( 622 , 623 , 624 )	14 615 687+6%	21 882 348+5%	3 826 623+10%	-6.4%	2.18x
2019 q3 ( 625 , 627 )	14 427 726+8%	21 384 390+7%	3 523 982+17%	-2.4%	1.54x
2019 q2 ( 628 , 629 )	14 082 760+11%	21 282 648+11%	3 210 997+14%	-5.9%	1.25x
2019 q1 ( 626 , 630 )	14 145 649+14%	21 234 741+14%	3 493 248+25%	-25.2%	1.32x
2018 q4 ( 631 , 632 , 633 )	13 776 153+15%	20 810 440+14%	3 463 688+24%	12.3%	1.19x
2018 q3 ( 634 , 637 )	13 325 760+13%	19 935 162+14%	3 013 667+1%	13.0%	0.99x
2018 q2 ( 635 , 638 )	12 682 539+9%	19 120 236+10%	2 812 854+6%	19.8%	1.04x
2018 q1 ( 636 , 639 )	12 431 884+7%	18 586 853+11%	2 784 836+17%	2.7%	1.16x
2017 q4 ( 641 , 642 , 643 , 2997 )	12 015 481+5%	18 238 770+8%	2 783 906+23%	0.1%	1.67x
2017 q3 ( 644 , 645 )	11 794 828+6%	17 498 077+5%	2 997 816+19%	-3.6%	1.90x
2017 q2	11 625 304+4%	17 319 819+2%	2 643 975+26%	23.5%	1.73x
2017 q1 ( 646 , 647 , 648 )	11 644 640+4%	16 808 867-2%	2 388 548+13%	-25.7%	1.63x
2016 q4 ( 650 , 651 , 652 )	11 441 839+5%	16 918 938-1%	2 268 722-5%	-33.1%	1.52x
2016 q3 ( 653 , 656 )	11 114 173+3%	16 668 492+2%	2 510 980+8%	3.0%	1.71x
2016 q2 ( 654 , 657 )	11 146 415+6%	16 903 001+10%	2 095 507+20%	-37.7%	1.21x
2016 q1 ( 655 , 658 )	11 188 914+7%	17 148 311+11%	2 105 541+21%	-37.7%	1.16x
2015 q4 ( 660 , 661 , 662 )	10 914 622+8%	17 052 040+12%	2 395 586+23%		1.86x
2015 q3 ( 663 , 665 )	10 789 114+7%	16 377 825+17%	2 334 847+49%	77.5%	2.49x
2015 q2 ( 2999 , 3000 )	10 517 439+6%	15 357 226+12%	1 746 461+47%	-31.7%	4.32x
2015 q1 ( 664 , 666 )	10 452 168+6%	15 384 163+12%	1 746 228+38%	0.0%
2014 q4 ( 668 , 669 , 670 , 671 , 672 )	10 120 021+5%	15 177 470+13%	1 943 361+39%	179.6%
2014 q3	10 054 357+8%	14 052 124+9%	1 562 401+8%	82.7%
2014 q2	9 905 774+9%	13 772 801+10%	1 185 1600%	-56.5%
2014 q1 ( 673 , 676 )	9 896 813+12%	13 737 342+12%	1 267 841-10%	74.4%
2013 q4 ( 678 , 679 , 680 )	9 634 354+11%	13 436 236+11%	1 403 060	12.0%
2013 q3	9 334 633+12%	12 865 916+11%	1 442 314+26%	-0.8%
2013 q2	9 053 112+12%	12 555 820+10%	1 187 311+20%	45.0%
2013 q1 ( 681 , 684 )	8 866 389+10%	12 214 858+10%	1 403 060>+200%	8.7%
2012 q4 ( 686 , 687 , 688 )	8 701 094+12%	12 068 139+11%
2012 q3	8 330 597+13%	11 619 410+15%	1 140 566>+200%	-27.0%
2012 q2	8 051 490+12%	11 412 977+17%	992 176+25%	55.5%
2012 q1 ( 689 , 692 )	8 088 116+24%	11 105 990+20%	357 460+95%	-122.4%
2011 q4	7 760 991+19%	10 900 696+18%
2011 q3	7 358 419	10 069 310	253 712
2011 q2	7 180 217	9 732 710	790 628
2011 q1	6 536 361	9 235 993	183 617
2010 q4	6 536 361+16%	9 235 993+10%	867 226-34%
2010 q3
2010 q2
2010 q1
2009 q4	5 645 946+15%	8 363 215+17%	1 323 769+33%
2009 q3
2008 q4	4 913 099+14%	7 168 568+6%	994 612-11%
2008 q3
2007 q4	4 313 097+29%	6 792 556+28%	1 117 468+59%
2007 q3
2006 q4	3 349 820	5 309 925	703 295
2006 q3
2005 q4

Cashflow

Q	Operating cashflow	Investing cashflow	Financial cashflow


2025 q2	715 001>+200%		-162 045+10%
2025 q1		-764 383<-100%
2024 q4	925 945+31%	-744 385-8%	-141 373<-100%
2024 q3	1 139 566+108%	-649 175+2%	-257 896<-100%
2024 q2	215 089-37%	-859 996+29%	-147 707<-100%
2024 q1	215 089-37%	0+100%	-147 707<-100%
2023 q4	704 311+20%	-805 943+47%	345 664<-100%
2023 q3	546 991-6%	-638 582+16%	86 675<-100%
2023 q2	340 610-22%	-664 603+36%	64 715<-100%
2023 q1	340 610	-664 603	64 715
2022 q4	584 497-41%	-549 106-2%	-205 331<-100%
2022 q3	584 497-28%	-549 106+33%	-205 331-20%
2022 q2	439 192-23%	-489 654+36%	-177 984<-100%
2021 q4	987 937+47%	-562 231+47%	34 412-87%
2021 q3 ( 607 , 610 )	815 467+67%	-413 146+36%	-257 838-43%
2021 q2 ( 608 , 611 )	568 990>+200%	-359 642-2%	22 248-89%
2021 q1 ( 609 , 612 )	642 996+9%	-495 4180%	22 248<-100%
2020 q4 ( 613 , 614 , 615 )	670 534>+200%	-381 947-32%	260 072+19%
2020 q3 ( 616 , 619 )	488 706+34%	-304 684-28%	-452 897>+200%
2020 q2 ( 617 , 620 )	169 550-70%	-365 964+26%	199 521<-100%
2020 q1 ( 618 , 621 )	590 101-14%	-493 007-26%	-113 117<-100%
2019 q4 ( 622 , 623 , 624 )	86 810-55%	-557 630+29%	218 505+16%
2019 q3 ( 625 , 627 )	365 921-24%	-421 875+6%	-137 456-8%
2019 q2 ( 628 , 629 )	571 733+18%	-291 031-18%	-165 199-9%
2019 q1 ( 626 , 630 )	684 920+48%	-667 573+54%	236 525>+200%
2018 q4 ( 631 , 632 , 633 )	191 036-67%	-433 270+52%	188 754+116%
2018 q3 ( 634 , 637 )	478 854+188%	-398 480+19%	-149 937+29%
2018 q2 ( 635 , 638 )	485 554+42%	-353 826-16%	-182 414<-100%
2018 q1 ( 636 , 639 )	461 940>+200%	-432 142+32%	47 527+38%
2017 q4 ( 641 , 642 , 643 , 2997 )	574 205+45%	-284 194+10%	87 372<-100%
2017 q3 ( 644 , 645 )	166 240-32%	-334 918-8%	-116 515-72%
2017 q2	341 175+33%	-421 981+21%	144 584<-100%
2017 q1 ( 646 , 647 , 648 )	105 402-84%	-327 038-31%	34 503-50%
2016 q4 ( 650 , 651 , 652 )	394 848-38%	-258 280-44%	-920<-100%
2016 q3 ( 653 , 656 )	244 883-40%	-365 077-1%	-415 428>+200%
2016 q2 ( 654 , 657 )	257 265-11%	-347 613-1%	-112 727>+200%
2016 q1 ( 655 , 658 )	674 327-3%	-474 995-3%	68 596<-100%
2015 q4 ( 660 , 661 , 662 )	635 596+3%	-457 798+8%	15 084<-100%
2015 q3 ( 663 , 665 )	410 094+31%	-366 985+15%	-99 931-53%
2015 q2 ( 2999 , 3000 )	289 041-3%	-351 779+23%	-27 228>+200%
2015 q1 ( 664 , 666 )	696 196+1%	-487 594+19%	-26 230+18%
2014 q4 ( 668 , 669 , 670 , 671 , 672 )	615 614+37%	-423 394+14%	-20 735<-100%
2014 q3	314 012-7%	-319 761-20%	-214 462+165%
2014 q2	297 721-32%	-286 864-3%	-5 242-71%
2014 q1 ( 673 , 676 )	688 422+33%	-411 286+3%	-22 148<-100%
2013 q4 ( 678 , 679 , 680 )	450 006-3%	-370 644-4%	39 328<-100%
2013 q3	336 256+26%	-401 909+53%	-80 867+133%
2013 q2	437 669>+200%	-295 189+6%	-17 831-61%
2013 q1 ( 681 , 684 )	517 873-15%	-398 770+11%	26 108<-100%
2012 q4 ( 686 , 687 , 688 )	465 878	-384 364-28%	-127 448<-100%
2012 q3	267 740-29%	-262 710-35%	-34 756-42%
2012 q2	132 818-56%	-279 292+8%	-45 473+90%
2012 q1 ( 689 , 692 )	606 343+55%	-358 220-12%	-45 054<-100%
2011 q4		-535 891+78%	90 466<-100%
2011 q3	378 304+40%	-402 407+58%	-60 428-18%
2011 q2	299 023+13%	-258 181+6%	-23 895-69%
2011 q1	390 425-19%	-408 766+63%	25 671<-100%
2010 q4		-301 531+21%	-12 528
2010 q3	270 577	-254 822+3%	-73 347
2010 q2	264 666	-243 893	-77 627
2010 q1	483 116	-250 061	-48 882
2009 q4		-248 278+11%
2009 q3		-248 278+11%
2008 q4		-223 9000%	-17 223<-100%
2008 q3		-223 9000%	-17 223<-100%
2007 q4	149 627+10%	-223 060+74%	77 427>+200%
2007 q3	149 627+10%	-223 060+74%	77 427>+200%
2006 q4	136 022+100%	-128 063-22%	23 604-78%
2006 q3	136 022	-128 063	23 604
2005 q4	68 154	-163 353	105 677

RSBU data *The values are shown in mln RUB The % change shows the difference from the same period last year

View as Pivot Table Export as Pivot Table (xlsx)

Income

Q	Revenue	Gross profit	Operating income	Net income	PercentProfit	PercentLoss


2025 q2	1 247 725+3%	299 626+87%	241<-100%	7 359<-100%	89 503-3%	-135 608+18%
2025 q1	1 802 244+5%	641 277+56%	177 277<-100%	-18 124-96%	89 251+18%	-124 965+17%
2024 q4	1 977 781+19%	606 424+75%	78 944<-100%	-767 219<-100%	93 849+114%	-138 131+26%
2024 q3	1 352 028+11%	266 054+17%	-79 532-8%	171 530-76%	87 435+103%	-134 148+80%
2024 q2	1 216 905+8%	160 369+7%	-149 718+2%	-31 112-81%	92 568+190%	-115 329+105%
2024 q1	1 709 911+6%	411 462-25%	-46 980<-100%	-449 530>+200%	75 820+144%	-106 434+100%
2023 q4	1 659 445-17%	346 478-51%	-184 572<-100%	249 467+12%	43 926+8%	-109 392+163%
2023 q3	1 217 498-28%	226 902-49%	-86 221<-100%	701 111<-100%	43 144+27%	-74 424+148%
2023 q2	1 123 934-50%	149 940-89%	-146 364<-100%	-159 911<-100%	31 890-39%	-56 272+37%
2023 q1	1 619 184	548 512	125 355	-95 096	31 135	-53 295
2022 q4	2 011 279-7%	700 219<-100%	250 417<-100%	222 899<-100%	40 725>+200%	-41 655+36%
2022 q3	1 692 549+20%	447 580-40%	85 425-74%	-196 850<-100%	33 959	-30 035
2022 q2	2 263 920	1 362 248	975 647	498 299	52 705	-41 070
2021 q4 ( 4031 , 4032 )	2 173 835	-245 949<-100%	-110 416<-100%	-116 477>+200%	10 961>+200%	-30 652>+200%
2021 q3	1 405 051	741 068	334 061	351 676
2020 q4 ( 4034 , 4035 )		188<-100%	100<-100%	-93<-100%	14	-39
2020 q3
2019 q4 ( 4036 , 4037 )	1 189 678-8%	525 264-18%	157 278-39%	162 781-30%
2018 q4 ( 4038 , 4039 )	1 294 887	640 286	256 031	233 284
2017 q4 ( 640 , 4040 )

Balance

Implied interest rate for 2025 q2:
= (PercentLoss - PercentProfit) * (365 / periodLength) / (NetDebt - MinorityInterest)
= (135 608 - 89 503) * 4 / (4 114 575 - 0)

Q	Total equity	Total assets	Net debt


2025 q2	16 313 301-4%	25 531 291-2%	4 114 575+4%
2025 q1	16 306 456-4%	25 653 591-3%	3 788 752+4%
2024 q4	16 330 362-6%	26 162 827-1%	4 324 428+9%
2024 q3	17 098 9060%	26 774 012+3%	4 506 752+13%
2024 q2	16 929 680+3%	26 159 397+6%	3 947 547+17%
2024 q1	16 961 353-3%	26 341 6450%	3 635 099-8%
2023 q4	17 415 465+4%	26 347 838+10%	3 968 923+29%
2023 q3	17 166 688+3%	26 089 339+9%	3 984 554+30%
2023 q2	16 475 323-2%	24 641 694+3%	3 382 664+10%
2023 q1	17 415 465	26 347 838	3 968 923
2022 q4	16 732 810>+200%	24 033 801-4%	3 066 866+32%
2022 q3	16 729 675	24 029 994	3 066 866+42%
2022 q2	16 729 675	24 029 994	3 066 866
2021 q4 ( 4031 , 4032 )	6 509+52%	24 913 180	2 317 054+100%
2021 q3			2 157 999-21%
2020 q4 ( 4034 , 4035 )	4 275		0<-100%
2020 q3			2 724 382
2019 q4 ( 4036 , 4037 )			2 072 405+16%
2018 q4 ( 4038 , 4039 )			1 788 497+22%
2017 q4 ( 640 , 4040 )			1 466 664

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