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

RusHydro PJSC generates electricity. The Company owns and operates hydroelectric generating plants.

Dividend yield for the last twelve months -11.4%
Free cash flow yield -102.7% (LTM)
Share price is 2.2% higher than minimum and 56.7% lower than maximum for the last 3 years
The company is undervalued by EV / LTM EBITDA multiple compared to target level (4.3x vs
)

Key Financials (Download financials)

Ticker: HYDR

Share price, RUB: (-1.4%)0.4448

year average price 0.4933

year start price 0.5397 2024-09-16

max close price 0.5922 2025-02-24

min close price 0.4354 2025-07-11

current price 0.4482 2025-09-15

Common stocks: 444 793 380 000

Dividend Yield: -11.4%

FCF Yield LTM: -102.7%

EV / LTM EBITDA:4.3x

EV / EBITDA annualized: 4.1x

Target EV / EBITDA (hist percentile):

EV / LTM EBITDA mutiple calculation

Market Cap (m RUB): 197 844

Net Debt (m RUB): 560 090

EV (Enterprise Value): 757 934

EBITDA LTM (m RUB): 175 899

Net Income LTM (m RUB): -53 216

EV / LTM EBITDA: 4.3x

Net Debt / LTM EBITDA (if EBITDA > 0): 3.2x

Average daily trading volume for the week, RUB mln: 142

P / E ann-d3.9x

P / B 0.3x

EBITDA margin ann-d 30.9%

Net income margin ann-d 8.5%

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	148 386+16%	36 179+53%	12 658+79%	3 674+45%	-17 454+47%
2025 q1	177 305+14%	44 824+41%	18 938+14%	5 124+118%	-19 178+100%
2024 q4	168 427+18%	31 582+91%	-84 677>+200%	3 705<-100%	-21 606+87%
2024 q3	128 422+20%	24 159+37%	-135<-100%	2 469-18%	-18 186>+200%
2024 q2	127 513+7%	23 663-11%	7 060-65%	2 532+33%	-11 900>+200%
2024 q1	155 455+10%	31 764-10%	16 590-39%	2 353-46%	-9 567>+200%
2023 q4	142 419+23%	16 574+118%	-24 599>+200%	-5 397>+200%	-11 579<-100%
2023 q3	107 172+22%	17 607+144%	9 051<-100%	3 019+131%	-4 531-40%
2023 q2	118 994+23%	26 540+54%	20 334+99%	1 906-38%	-2 594-42%
2023 q1	141 740+21%	35 297+25%	27 318+38%	4 360+29%	-2 787-41%
2022 q4	116 008+4%	7 601-67%	-7 361-29%	-1 440-56%	3 632<-100%
2022 q3	87 931-2%	7 227-64%	-3 325<-100%	1 306-38%	-7 496+45%
2022 q2	97 041+4%	17 195-27%	10 224-49%	3 059-27%	-4 511+50%
2022 q1	117 578+5%	28 222+3%	19 787-3%	3 383-11%	-4 708+61%
2021 q4 ( 781 , 2905 )	111 590+5%	23 189+10%	-10 365-25%	-3 300+1%	-3 602<-100%
2021 q3 ( 782 , 2906 )	89 557+8%	20 016+30%	12 153-11%	2 103-73%	-5 180+2%
2021 q2 ( 783 , 2907 )	93 424+7%	23 653-4%	19 861-5%	4 215-38%	-3 002-32%
2021 q1 ( 784 , 2908 )	111 462+5%	27 487-7%	20 429-21%	3 801-62%	-2 926-47%
2020 q4 ( 785 , 2909 )	106 078-1%	21 005+7%	-13 864-60%	-3 274+80%	418<-100%
2020 q3 ( 786 , 3029 )	82 901+7%	15 444+15%	13 646+136%	7 656>+200%	-5 072+5%
2020 q2	87 652+7%	24 620+66%	20 917+62%	6 748+8%	-4 402+94%
2020 q1	106 214+7%	29 685+27%	25 908+57%	9 995+170%	-5 570+105%
2019 q4	107 644+8%	19 611-11%	-34 514+144%	-1 816<-100%	-569-95%
2019 q3	77 394-1%	13 412-11%	5 772-22%	1 745+36%	-4 849+27%
2019 q2	81 653-1%	14 817-41%	12 873-12%	6 235>+200%	-2 271-59%
2019 q1	99 237+1%	23 384-19%	16 512-31%	3 704+23%	-2 719+55%
2018 q4	99 8900%	22 015-23%	-14 148+135%	2 166+71%	-11 939+26%
2018 q3	77 794+15%	15 022+13%	7 405-13%	1 282-19%	-3 824>+200%
2018 q2	82 750+1%	25 181+63%	14 663>+200%	1 206-49%	-5 572-36%
2018 q1	98 5110%	28 802+18%	23 917+27%	3 013-7%	-1 753-18%
2017 q4	99 515-6%	28 678-16%	-6 030<-100%	1 269-53%	-9 478>+200%
2017 q3	67 738-16%	13 296-19%	8 501-29%	1 574-8%	-754-59%
2017 q2	82 087-2%	15 428-7%	3 497-66%	2 343-20%	-8 762>+200%
2017 q1	98 779-5%	24 490+17%	18 806+25%	3 257+26%	-2 139-5%
2016 q4	105 428+3%	34 003+62%	2 351-23%	2 706+9%	-2 904<-100%
2016 q3	80 783+9%	16 471+57%	11 925+116%	1 718-33%	-1 823-64%
2016 q2	83 457+10%	16 568+71%	10 428+55%	2 929-3%	-2 051-26%
2016 q1	104 404+10%	20 997+52%	15 047+27%	2 590-39%	-2 263-6%
2015 q4	102 429+6%	20 959+39%	3 061+77%	2 476-23%	540<-100%
2015 q3	74 295+9%	10 496+106%	5 516>+200%	2 561+25%	-5 103+158%
2015 q2	76 174+3%	9 694-16%	6 720-5%	3 018+34%	-2 770+42%
2015 q1	94 614+3%	13 804-32%	11 862-17%	4 258+135%	-2 411+12%
2014 q4	96 252+9%	15 098-56%	1 733-72%	3 198+41%	-4 586+47%
2014 q3	67 999+1%	5 104-13%	1 062-73%	2 051-19%	-1 975+12%
2014 q2	73 693+3%	11 488+93%	7 042>+200%	2 255-1%	-1 949-21%
2014 q1	91 616+6%	20 157+36%	14 294+34%	1 815-20%	-2 158-2%
2013 q4 ( 812 , 813 )	88 204-70%	34 434>+200%	6 193<-100%	2 273+160%	-3 123+41%
2013 q3	67 148<-100%	5 873>+200%	3 982<-100%	2 527+92%	-1 766+44%
2013 q2	71 742<-100%	5 957<-100%	120<-100%	2 272+150%	-2 456+94%
2013 q1	86 538>+200%	14 851<-100%	10 698-1%	2 256+14%	-2 197+7%
2012 q4	295 780	1 220+100%	-26 128>+200%	873-18%	-2 220+48%
2012 q3	-1 168<-100%	305-59%	-1 662<-100%	1 316+29%	-1 230-26%
2012 q2	-4 970>+200%	-6 664>+200%	-8 349<-100%	907+8%	-1 268-31%
2012 q1	9 163-55%	-163<-100%	10 815-58%	1 983+58%	-2 062+47%
2011 q4		0	-3 014	1 069	-1 495
2011 q3	3 996-60%	750-92%	2 432-74%	1 020<-100%	-1 660+60%
2011 q2	-1 485<-100%	-1 260	6 502-39%	837	-1 835>+200%
2011 q1	20 550	1 260	25 858	1 257	-1 402
2010 q3	9 948	9 202	9 291	-2 500	-1 038
2010 q2	11 126		10 731		-307

Balance

Implied interest rate for 2025 q2:
= (PercentLoss - PercentProfit) * (365 / periodLength) / (NetDebt - MinorityInterest)
= (17 454 - 3 674) * 4 / (560 090 - 6 880)

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


2025 q2	616 246-8%	1 488 604+19%	560 090+48%	10.0%	3.18x
2025 q1	604 334-9%	1 402 131+17%	504 491+48%	11.3%	3.08x
2024 q4	585 304-9%	1 365 732+17%	483 237+43%	15.0%	3.21x
2024 q3	669 8440%	1 323 313+19%	436 574+41%	14.8%	3.21x
2024 q2	669 758+1%	1 250 660+15%	379 465+55%	10.2%	2.99x
2024 q1	661 9320%	1 199 678+13%	340 304+46%	8.9%	2.69x
2023 q4	645 208+2%	1 164 353+17%	339 019+68%		2.72x
2023 q3	670 095+5%	1 116 278+14%	308 648+72%	2.1%	3.15x
2023 q2	661 103+4%	1 086 194+12%	245 402+91%	1.2%	2.84x
2023 q1	663 135+2%	1 057 738+12%	233 587+116%	-2.9%	3.02x
2022 q4	630 1910%	993 400+7%	201 480+67%		2.84x
2022 q3	636 1180%	977 805+1%	179 501+18%	15.3%	2.58x
2022 q2	635 432+1%	966 197+1%	128 492-18%	4.9%	1.49x
2022 q1	649 482+3%	946 3680%	108 297-30%	5.4%	1.12x
2021 q4 ( 781 , 2905 )	629 353+3%	930 487-1%	120 845-23%		1.28x
2021 q3 ( 782 , 2906 )	638 923+3%	963 966-1%	152 386+11%	8.6%	1.21x
2021 q2 ( 783 , 2907 )	626 772+3%	960 957+1%	156 780+10%	-3.3%	0.95x
2021 q1 ( 784 , 2908 )	629 360+6%	945 598-1%	154 778-7%	-2.4%	1.00x
2020 q4 ( 785 , 2909 )	608 940+7%	942 035+2%	157 052-5%		1.19x
2020 q3 ( 786 , 3029 )	621 981+3%	975 392+2%	137 457-13%	-7.8%	1.60x
2020 q2	611 424+2%	953 0380%	142 238+4%	-6.9%	1.62x
2020 q1	596 168-1%	952 1550%	165 776+1%	-11.0%	2.18x
2019 q4	569 875-3%	925 119-1%	165 127+17%		3.01x
2019 q3	604 559-16%	957 348-10%	157 146+49%	8.2%	1.93x
2019 q2	598 719-17%	956 633-10%	136 488+40%	-12.3%	1.65x
2019 q1	602 636-16%	952 288-9%	164 188+56%	-2.6%	1.28x
2018 q4	586 219-16%	931 931-9%	141 233+38%	29.7%	1.32x
2018 q3	723 180+2%	1 063 981+1%	105 5600%	9.7%	1.17x
2018 q2	721 788+3%	1 061 007+4%	97 705+19%	18.6%	1.03x
2018 q1	719 211+7%	1 041 457+4%	105 143+33%	-5.0%	1.15x
2017 q4	695 564+7%	1 028 251+5%	102 088-25%	33.0%	1.42x
2017 q3	706 420+9%	1 050 585+7%	105 961-36%	-3.2%	1.33x
2017 q2	698 269+10%	1 022 463+5%	82 146-43%	33.0%	1.03x
2017 q1	675 161+6%	1 006 167+5%	78 890-45%	-6.1%	0.87x
2016 q4	650 932+6%	983 446+5%	136 712-15%	0.6%	1.84x
2016 q3	649 306+6%	982 893+3%	165 182-12%	0.3%	1.98x
2016 q2	633 565+4%	978 339+6%	145 172-11%	-2.5%	1.63x
2016 q1	635 330+4%	958 715+7%	143 051-1%	-1.0%	1.79x
2015 q4	613 919+3%	938 137+6%	160 808+1%		2.27x
2015 q3	614 409+3%	957 409+9%	188 486+27%	5.7%	2.89x
2015 q2	609 658-1%	924 497+5%	162 804+17%	-0.7%	3.87x
2015 q1	609 0370%	899 600+4%	144 909+12%	-5.7%	6.12x
2014 q4	595 1510%	883 770+4%	158 866+18%	3.9%
2014 q3	598 663+11%	877 920-3%	148 881-6%	-0.2%
2014 q2	613 121+14%	883 414-1%	139 465-1%	-1.0%
2014 q1	610 876+13%	868 231-3%	129 261-6%	1.2%
2013 q4 ( 812 , 813 )	596 707+11%	852 0460%	134 482+8%	2.9%
2013 q3	541 343+3%	904 046+7%	158 100+23%	-2.2%
2013 q2	537 419+2%	894 657+7%	140 460+27%	0.6%
2013 q1	540 174+1%	892 686+6%	137 134+14%	-0.2%
2012 q4	538 395+2%	854 747+5%	124 961	5.3%
2012 q3	526 552-2%	841 997+27%	128 351>+200%	-0.3%
2012 q2	528 088-1%	839 847+30%	110 594<-100%	1.7%
2012 q1	535 674+2%	841 603+4%	120 566	0.3%
2011 q4	525 659	811 783
2011 q3	536 267+4%	661 882+2%	11 644	25.0%
2011 q2	531 511+3%	647 494-1%	-1 555
2011 q1	525 659	811 783
2010 q3	518 112	651 004
2010 q2	518 112	651 004

Cashflow

Q	Operating cashflow	Investing cashflow	Financial cashflow


2025 q2	30 911+114%		1 747-89%
2025 q1	48 614+13%
2024 q4	45 474+12%
2024 q3	14 401>+200%	-54 485+27%	34 291+66%
2024 q2	14 475-45%	-38 880-18%	16 028-36%
2024 q1	42 845+22%	-29 283-53%	6 592+10%
2023 q4	40 783<-100%	31 123<-100%	968<-100%
2023 q3	1 002-97%	-42 879-28%	20 614<-100%
2023 q2	26 296>+200%	-47 594+144%	25 121<-100%
2023 q1	35 193+22%	-62 199>+200%	5 994-44%
2022 q4	-5 643-72%	-28 020+45%	-956+162%
2022 q3	35 954-48%	-59 234+25%	-3 824+162%
2022 q2	7 105-63%	-19 494+67%	-1 206>+200%
2022 q1	28 796-5%	-13 685+45%	10 628-21%
2021 q4 ( 781 , 2905 )	-19 807-15%	-19 313	-365
2021 q3 ( 782 , 2906 )	69 086>+200%	-47 371>+200%	-1 460<-100%
2021 q2 ( 783 , 2907 )	19 094-18%	-11 708	-254
2021 q1 ( 784 , 2908 )	30 3420%	-9 458	13 524
2020 q4 ( 785 , 2909 )	-23 373<-100%
2020 q3 ( 786 , 3029 )	15 160+26%	-12 476-27%	2 000-14%
2020 q2	23 159+173%
2020 q1	30 424+22%
2019 q4	30 310+13%
2019 q3	11 991-28%	-17 127	2 333<-100%
2019 q2	8 479-50%
2019 q1	24 899+4%
2018 q4	26 889-14%
2018 q3	16 713+14%		-8 107>+200%
2018 q2	16 932+38%		4 613-16%
2018 q1	24 017+20%		-15 490<-100%
2017 q4	31 178+1%		-22 133+9%
2017 q3	14 675+62%		-327-96%
2017 q2	12 286+11%		5 463-28%
2017 q1	19 986-2%		1 933<-100%
2016 q4	30 786-4%		-20 354-39%
2016 q3	9 068-38%		-8 600<-100%
2016 q2	11 073+23%		7 580-39%
2016 q1	20 446+45%		-5 463+6%
2015 q4	32 018+24%		-33 235>+200%
2015 q3	14 632+52%		17 446>+200%
2015 q2	9 012+5%		12 362+177%
2015 q1	14 138+1%		-5 157<-100%
2014 q4	25 815+6%		-5 142-86%
2014 q3	9 611+52%		393<-100%
2014 q2	8 567-37%		4 464-3%
2014 q1	13 933-23%		1 376-91%
2013 q4 ( 812 , 813 )	24 281+65%		-36 217<-100%
2013 q3	6 312		-171-97%
2013 q2	13 683		4 615+57%
2013 q1	18 152		15 067-2%
2012 q4	14 719		40 649+103%
2012 q3			-5 338<-100%
2012 q2			2 932-80%
2012 q1			15 333<-100%
2011 q4			20 010
2011 q3			3 076-41%
2011 q2			15 028>+200%
2011 q1			-2 946
2010 q3			5 193
2010 q2			1 776

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	71 616+17%	40 503+21%	37 595+20%	16 279-9%	1 899+86%	-12 442+65%
2025 q1	68 074+17%	36 426+21%	33 794+21%	13 457-10%	2 981>+200%	-12 441+65%
2024 q4	62 792+23%	31 616+40%	27 500+44%	-59 063>+200%	2 538>+200%	-10 370+63%
2024 q3	60 384+13%	30 620+25%	27 948+25%	12 885+2%	1 180+99%	-8 009+97%
2024 q2	61 411+6%	33 537+15%	31 202+16%	17 824+8%	1 024+101%	-7 546+124%
2024 q1	58 291+6%	30 051+14%	27 901+14%	14 920-15%	900+10%	-7 523+133%
2023 q4	51 069+6%	22 596+35%	19 076+41%	-14 025-37%	580-12%	-6 362>+200%
2023 q3	53 208+6%	24 525+16%	22 303+16%	12 583-7%	594-14%	-4 069>+200%
2023 q2	57 811+11%	29 222+12%	26 859+11%	16 488-6%	509-60%	-3 362+118%
2023 q1	54 742+12%	26 247+10%	24 467+9%	17 624+2%	821-36%	-3 223+111%
2022 q4	48 235+9%	16 692-6%	13 537-9%	-22 300<-100%	662-53%	-1 5330%
2022 q3	50 0970%	21 111-8%	19 190-9%	13 564-5%	688-48%	-1 353-17%
2022 q2	52 201+5%	26 180+13%	24 100+13%	17 527+8%	1 277+15%	-1 542-4%
2022 q1	49 045+6%	23 860+18%	22 520+20%	17 200+27%	1 283+35%	-1 529-12%
2021 q4	44 278+6%	17 752+70%	14 941-1%	6 978<-100%	1 421+33%	-1 534-20%
2021 q3	49 928+12%	22 965+15%	21 050+14%	14 217+11%	1 3120%	-1 636-15%
2021 q2	49 539+7%	23 145+3%	21 259+2%	16 164+4%	1 108-35%	-1 606-24%
2021 q1	46 361+3%	20 292-5%	18 825-6%	13 498-6%	947-45%	-1 733-19%
2020 q4	41 612+5%	10 437-31%	15 0530%	-6 757<-100%	1 071-59%	-1 928-12%
2020 q3	44 607+16%	20 041+32%	18 458+22%	12 847+7%	1 310	-1 934
2020 q2	46 121+17%	22 416+43%	20 792+33%	15 554+79%	1 702	-2 108
2020 q1	44 917+19%	21 378+39%	19 969+30%	14 315+14%	1 712	-2 134
2019 q4	39 549+4%	15 120+14%	15 120+14%	5 403<-100%	2 627+28%	-2 193+13%
2019 q3	38 460-8%	15 151-12%	15 151-12%	12 002+10%
2019 q2	39 342-52%	15 675-56%	15 675-56%	8 703-67%
2019 q1	37 830>+200%	15 349>+200%	15 349>+200%	12 536>+200%
2018 q4	38 093	13 267	13 267	-788	2 053	-1 943
2018 q3	41 883	17 232	17 232	10 895
2018 q2	82 797	35 451	35 451	26 606
2018 q1	40	17	17	12

Balance

Implied interest rate for 2025 q2:
= (PercentLoss - PercentProfit) * (365 / periodLength) / (NetDebt - MinorityInterest)
= (12 442 - 1 899) * 4 / (446 528 - 0)

Q	Total equity	Total assets	Net debt


2025 q2	785 529-2%	1 398 564+13%	446 528+45%
2025 q1	769 250-2%	1 337 709+11%	416 102+38%
2024 q4	755 807-2%	1 317 974+12%	394 268+31%
2024 q3	814 870+4%	1 274 896+13%	344 639+42%
2024 q2	801 920+4%	1 233 087+11%	308 979+50%
2024 q1	784 097+1%	1 201 032+10%	301 892+46%
2023 q4	770 050+2%	1 177 853+15%	300 649+83%
2023 q3	784 051-8%	1 132 758+7%	243 261+187%
2023 q2	771 488-8%	1 113 084+5%	205 478>+200%
2023 q1	777 352-8%	1 088 859+5%	206 883>+200%
2022 q4	754 226-17%	1 027 882-10%	164 102+156%
2022 q3	852 332-6%	1 054 792-6%	84 716+108%
2022 q2	838 771-6%	1 056 623-6%	63 775>+200%
2022 q1	844 549-6%	1 038 816-6%	68 744+158%
2021 q4	912 799+3%	1 140 336+3%	64 198-2%
2021 q3	905 820+2%	1 116 533+1%	40 794-38%
2021 q2	891 604+1%	1 120 474+1%	15 516-76%
2021 q1	898 743+2%	1 107 1840%	26 634-59%
2020 q4	885 310+1%	1 107 997+4%	65 561-12%
2020 q3	885 312	1 107 999	65 561-13%
2020 q2	885 312	1 107 999	65 561-13%
2020 q1	885 312	1 107 999	65 561-13%
2019 q4	873 979+3%	1 064 194+3%	74 700+8%
2019 q3			75 245+9%
2019 q2			75 245+9%
2019 q1			75 245>+200%
2018 q4	851 206	1 036 807	69 204
2018 q3			69 204
2018 q2			69 204
2018 q1			69

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