2026-03-20

#ENPG #reports

En+ Group reported for 2025 H2:
- Revenue -15% YoY (vs +22.5% in previous half-year and historical rate +33.6%)
- EBITDA -17.4% YoY (vs -7.4% in previous half-year and historical rate +32.3%)
- Net Income -124.9% YoY (vs -66.5% in previous half-year and historical rate +984.0%)
- EBITDA margin 11.3% decreased compared to 11.6% same period last year
- Net Debt increased by 66.8 bln rubles since the previous report (22.6% of market cap)
- FCF (LTM) +122.7 bln RUB (positive), 41.6% of market cap
- EV/EBITDA multiple is 8.1x compared to historical level (50th percentile) of 11.1x

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

2026-03-20

#LKOH #reports

Lukoil reported for 2025 q3:
- Revenue -96.1% YoY (vs -96.1% in previous quarter and historical rate -20.3%)
- EBITDA -44.6% YoY (vs -44.6% in previous quarter and historical rate -10.6%)
- Net Income -108.3% YoY (vs -51.2% in previous quarter and historical rate -36.8%)
- EBITDA margin 266.8% increased compared to 18.7% same period last year
- Net Debt decreased by 6.6 bln rubles since the previous report (0.2% of market cap)
- FCF (LTM) -1137 bln RUB (negative), 28.2% of market cap
- EV/EBITDA multiple is 3.8x compared to historical level (50th percentile) of 2x
- EV/EBITDA expected multiple is 3.4x


Growth potential increased by 4.8% to -45.6%

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

2026-03-20

#LKOH #reports

Lukoil reported for 2025 q4:
- Revenue -96.1% YoY (vs -96.1% in previous quarter and historical rate -20.3%)
- EBITDA -44.6% YoY (vs -44.6% in previous quarter and historical rate -10.6%)
- Net Income -108.3% YoY (vs -108.3% in previous quarter and historical rate -43.9%)
- EBITDA margin 266.8% increased compared to 18.7% same period last year
- Net Debt decreased by 6.6 bln rubles since the previous report (0.2% of market cap)
- FCF (LTM) -1137 bln RUB (negative), 28.2% of market cap
- EV/EBITDA multiple is 3.8x compared to historical level (50th percentile) of 2x
- EV/EBITDA expected multiple is 3.4x


Growth potential increased by 4.8% to -45.6%

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

2026-03-20

#X5 #reports

X5 Retail Group reported for 2025 q4:
- Revenue +14.9% YoY (vs +18.5% in previous quarter and historical rate +21.3%)
- EBITDA +48.6% YoY (vs +0.6% in previous quarter and historical rate +15.5%)
- EBITDA margin 6.4% increased compared to 4.9% same period last year
- Net Debt decreased by 28.3 bln rubles since the previous report (4.6% of market cap)
- FCF (LTM) +3.8 bln RUB (positive), 0.6% of market cap
- EV/EBITDA multiple is 3.1x compared to historical level (50th percentile) of 3.5x

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

2026-03-19

#HYDR #reports

Rushydro reported for 2025 q4:
- Revenue +15.2% YoY (vs +12.1% in previous quarter and historical rate +16.8%)
- EBITDA +115.9% YoY (vs -5.5% in previous quarter and historical rate +51.8%)
- Net Income +100% YoY (vs -888.9% in previous quarter and historical rate -95.2%)
- EBITDA margin 46.1% increased compared to 24.6% same period last year
- Net Debt increased by 87.7 bln rubles since the previous report (42.4% of market cap)
- FCF (LTM) -254.2 bln RUB (negative), 122.9% of market cap
- EV/EBITDA multiple is 4.2x compared to historical level (50th percentile) of 5.9x

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

2026-03-18

#MRKU #reports

IDGC Ural reported for 2025 q4:
- Revenue -25.3% YoY (vs +15.4% in previous quarter and historical rate +6.9%)
- EBITDA -0.6% YoY (vs +29.9% in previous quarter and historical rate +30.5%)
- Net Income +161.3% YoY (vs +57.7% in previous quarter and historical rate +68.8%)
- EBITDA margin 15.9% increased compared to 11.9% same period last year
- Net Debt decreased by 5.2 bln rubles since the previous report (11.1% of market cap)
- FCF (LTM) +1.1 bln RUB (positive), 2.4% of market cap
- EV/EBITDA multiple is 2.6x compared to historical level (50th percentile) of 2.4x

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

2026-03-16

#PLZL #reports

Polyus reported for 2025 q3:
- Revenue -9.8% YoY (vs -9.8% in previous quarter and historical rate +37.5%)
- EBITDA -19% YoY (vs -19.0% in previous quarter and historical rate +51.0%)
- Net Income -2.6% YoY (vs +20.5% in previous quarter and historical rate +61.4%)
- EBITDA margin 63.9% decreased compared to 71.1% same period last year
- Net Debt increased by 23.8 bln rubles since the previous report (1.0% of market cap)
- FCF (LTM) +235.3 bln RUB (positive), 10.4% of market cap
- EV/EBITDA multiple is 6.1x compared to historical level (50th percentile) of 5.6x
- EV/EBITDA expected multiple is 5.4x


Growth potential decreased by 34.9% to +2.4%

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

2026-03-16

#PLZL #reports

Polyus reported for 2025 q4:
- Revenue -9.8% YoY (vs -9.8% in previous quarter and historical rate +37.5%)
- EBITDA -19% YoY (vs -19.0% in previous quarter and historical rate +51.0%)
- Net Income -2.6% YoY (vs -2.6% in previous quarter and historical rate +65.0%)
- EBITDA margin 63.9% decreased compared to 71.1% same period last year
- Net Debt increased by 23.8 bln rubles since the previous report (1.0% of market cap)
- FCF (LTM) +235.3 bln RUB (positive), 10.3% of market cap
- EV/EBITDA multiple is 6.1x compared to historical level (50th percentile) of 5.6x
- EV/EBITDA expected multiple is 5.4x


Growth potential decreased by 34.9% to +2.4%

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

2026-03-13

#FLOT #reports

SCF Group reported for 2025 q4:
- Revenue -52.3% YoY (vs -39.6% in previous quarter and historical rate +2.1%)
- EBITDA -219.6% YoY (vs -61.2% in previous quarter and historical rate -8.9%)
- Net Income -388.6% YoY (vs -81.5% in previous quarter and historical rate -97.6%)
- EBITDA margin -125.8% decreased compared to 50.2% same period last year
- Net Debt increased by 38.6 bln rubles since the previous report (18.3% of market cap)
- FCF (LTM) -23.2 bln RUB (negative), 11.0% of market cap
- EV/EBITDA multiple is -97.2x compared to historical level (50th percentile) of 2.6x
- EV/EBITDA expected multiple is 4x


Growth potential decreased by 152.8% to -39.1%

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

2026-03-13

#SVCB #reports

Sovcombank reported for 2025 q4:
- Revenue +353.6% YoY (vs +5.2% in previous quarter and historical rate +30.8%)
- Net Income -12% YoY (vs -3.5% in previous quarter and historical rate +50.2%)
- Net Income margin 13.0% decreased compared to 67.0% same period last year
- P/E multiple is 6.1x compared to historical level (50th percentile) of 4x

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

2026-03-12

#RENI #reports

Renessans reported for 2025 q4:
- Revenue +3.8% YoY (vs +32.5% in previous quarter and historical rate +25.9%)
- Net Income -34.8% YoY (vs -38.0% in previous quarter and historical rate +27.1%)
- Net Income margin 8.5% decreased compared to 13.5% same period last year
- P/E multiple is 4.7x compared to historical level (50th percentile) of 4.3x

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

2026-03-12

#TATN #reports

Tatneft reported for 2025 q3:
- Revenue -14.5% YoY (vs -14.5% in previous quarter and historical rate +8.9%)
- EBITDA -23.2% YoY (vs -23.2% in previous quarter and historical rate -1.4%)
- Net Income +1384.4% YoY (vs -64.2% in previous quarter and historical rate +2702.5%)
- EBITDA margin 19.5% decreased compared to 21.7% same period last year
- Net Debt decreased by 24.9 bln rubles since the previous report (1.7% of market cap)
- FCF (LTM) +84.2 bln RUB (positive), 5.7% of market cap
- EV/EBITDA multiple is 4.4x compared to historical level (50th percentile) of 3.3x
- EV/EBITDA expected multiple is 4.6x


Growth potential increased by 22.3% to -28.7%

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

2026-03-12

#TATN #reports

Tatneft reported for 2025 q4:
- Revenue -14.5% YoY (vs -14.5% in previous quarter and historical rate +8.9%)
- EBITDA -23.2% YoY (vs -23.2% in previous quarter and historical rate -1.4%)
- Net Income +1384.4% YoY (vs +1384.4% in previous quarter and historical rate +2821.8%)
- EBITDA margin 19.5% decreased compared to 21.7% same period last year
- Net Debt decreased by 24.9 bln rubles since the previous report (1.7% of market cap)
- FCF (LTM) +84.2 bln RUB (positive), 5.7% of market cap
- EV/EBITDA multiple is 4.4x compared to historical level (50th percentile) of 3.3x
- EV/EBITDA expected multiple is 4.6x


Growth potential increased by 22.3% to -28.7%

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

2026-03-12

#DELI #reports

Delimobil reported for 2025 H2:
- Revenue +6% YoY (vs +15.9% in previous half-year and historical rate +27.6%)
- EBITDA -38.9% YoY (vs -7.3% in previous half-year and historical rate +9.7%)
- Net Income -249.5% YoY (vs -469.8% in previous half-year and historical rate +9.4%)
- EBITDA margin 11.4% decreased compared to 19.7% same period last year
- Net Debt decreased by 0.7 bln rubles since the previous report (4.4% of market cap)
- FCF (LTM) -0.3 bln RUB (negative), 1.7% of market cap
- EV/EBITDA multiple is 12.6x compared to historical level (50th percentile) of 14.5x

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

2026-03-06

#MFON #reports

Megafon reported for 2025 q3:
- Revenue +7.8% YoY (vs +7.8% in previous quarter and historical rate +9.1%)
- EBITDA +15% YoY (vs +15.0% in previous quarter and historical rate +11.4%)
- Net Income +3.7% YoY (vs -36.2% in previous quarter and historical rate +8.9%)
- EBITDA margin 40.8% increased compared to 38.2% same period last year
- EV/EBITDA multiple is 2.2x compared to historical level (50th percentile) of 0x

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

2026-03-06

#MFON #reports

Megafon reported for 2025 q4:
- Revenue +7.8% YoY (vs +7.8% in previous quarter and historical rate +9.1%)
- EBITDA +15% YoY (vs +15.0% in previous quarter and historical rate +11.4%)
- Net Income +3.7% YoY (vs +3.7% in previous quarter and historical rate +15.0%)
- EBITDA margin 40.8% increased compared to 38.2% same period last year
- EV/EBITDA multiple is 2.2x compared to historical level (50th percentile) of 0x

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

2026-03-06

#RAGR #reports

Rusagro reported for 2025 q3:
- Revenue -8.5% YoY (vs +50.0% in previous quarter and historical rate +20.6%)
- EBITDA -30.4% YoY (vs +83.4% in previous quarter and historical rate +27.3%)
- Net Income -45.2% YoY (vs +19.6% in previous quarter and historical rate +790.8%)
- EBITDA margin 17.0% decreased compared to 22.4% same period last year
- Net Debt increased by 50.5 bln rubles since the previous report (43.8% of market cap)
- FCF (LTM) -115.4 bln RUB (negative), 100.1% of market cap
- EV/EBITDA multiple is 5.7x compared to historical level (50th percentile) of 4.5x
- EV/EBITDA expected multiple is 13.1x


Growth potential decreased by 74.7% to -191.5%

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

2026-03-06

#RAGR #reports

Rusagro reported for 2025 q4:
- Revenue -8.5% YoY (vs +50.0% in previous quarter and historical rate +20.6%)
- EBITDA -30.4% YoY (vs +83.4% in previous quarter and historical rate +27.3%)
- Net Income -45.2% YoY (vs -45.2% in previous quarter and historical rate +796.5%)
- EBITDA margin 17.0% decreased compared to 22.4% same period last year
- Net Debt increased by 50.5 bln rubles since the previous report (43.7% of market cap)
- FCF (LTM) -115.4 bln RUB (negative), 99.8% of market cap
- EV/EBITDA multiple is 5.7x compared to historical level (50th percentile) of 4.5x
- EV/EBITDA expected multiple is 13.1x


Growth potential decreased by 74.7% to -191.5%

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

2026-03-06

#WUSH #reports

Whoosh reported for 2025 H2:
- Revenue -11.5% YoY (vs -14.8% in previous half-year and historical rate +29.6%)
- EBITDA -20.5% YoY (vs -73.5% in previous half-year and historical rate +7.2%)
- Net Income -92.3% YoY (vs -140.0% in previous half-year and historical rate +26.1%)
- EBITDA margin 34.4% decreased compared to 38.3% same period last year
- Net Debt increased by 0.5 bln rubles since the previous report (4.1% of market cap)
- FCF (LTM) -3 bln RUB (negative), 27.0% of market cap
- EV/EBITDA multiple is 7.6x compared to historical level (50th percentile) of 7x

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

2026-03-06

#HEAD #reports

Head Hunter reported for 2025 q4:
- Revenue +0.4% YoY (vs +1.9% in previous quarter and historical rate +34.5%)
- EBITDA +7% YoY (vs -5.4% in previous quarter and historical rate +40.9%)
- EBITDA margin 56.6% increased compared to 53.1% same period last year
- Net Debt increased by 4 bln rubles since the previous report (2.9% of market cap)
- FCF (LTM) +17.8 bln RUB (positive), 12.7% of market cap
- EV/EBITDA multiple is 6.1x compared to historical level (50th percentile) of 8x

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

2026-03-06

#BSPB #reports

Bank Sankt-Peterburg reported for 2025 q4:
- Revenue +32.4% YoY (vs -2.8% in previous quarter and historical rate +10.8%)
- Net Income -24.9% YoY (vs -33.9% in previous quarter and historical rate +16.2%)
- Net Income margin 97.7% decreased compared to 172.3% same period last year
- P/E multiple is 2.8x compared to historical level (50th percentile) of 2.6x

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

2026-03-05

#MTSS #reports

MTS reported for 2025 q4:
- Revenue +16.4% YoY (vs +18.5% in previous quarter and historical rate +14.3%)
- EBITDA +23.7% YoY (vs +17.4% in previous quarter and historical rate +8.7%)
- EBITDA margin 28.8% increased compared to 27.1% same period last year
- Net Debt increased by 32 bln rubles since the previous report (7.4% of market cap)
- FCF (LTM) -4.4 bln RUB (negative), 1.0% of market cap
- EV/EBITDA multiple is 3.9x compared to historical level (50th percentile) of 4.5x

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

2026-03-05

#MOEX #reports

MOEX reported for 2025 q4:
- Revenue -8% YoY (vs -12.6% in previous quarter and historical rate +27.5%)
- Net Income -115.8% YoY (vs -25.1% in previous quarter and historical rate +17.8%)
- Net Income margin -8.9% decreased compared to 51.5% same period last year
- P/E multiple is 9.5x compared to historical level (50th percentile) of 6.4x

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

2026-03-04

#AFLT #reports

Aeroflot reported for 2025 q4:
- Revenue +2.5% YoY (vs +0.9% in previous quarter and historical rate +20.5%)
- EBITDA -51% YoY (vs +116.9% in previous quarter and historical rate +50.9%)
- Net Income +65.4% YoY (vs +86.4% in previous quarter and historical rate +241.0%)
- EBITDA margin 10.1% decreased compared to 21.1% same period last year
- Net Debt increased by 3.7 bln rubles since the previous report (1.7% of market cap)
- FCF (LTM) +62.2 bln RUB (positive), 29.5% of market cap
- EV/EBITDA multiple is 2.9x compared to historical level (50th percentile) of 3.4x

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

2026-03-04

#TRMK #reports

TMK (pipe) reported for 2025 q3:
- Revenue -34.5% YoY (vs -34.5% in previous quarter and historical rate -13.3%)
- EBITDA -43.4% YoY (vs -43.4% in previous quarter and historical rate -19.4%)
- Net Income +14.9% YoY (vs -78.9% in previous quarter and historical rate -19.4%)
- EBITDA margin 9.1% decreased compared to 10.5% same period last year
- Net Debt decreased by 1.4 bln rubles since the previous report (1.3% of market cap)
- FCF (LTM) -28.8 bln RUB (negative), 26.8% of market cap
- EV/EBITDA multiple is 7.3x compared to historical level (50th percentile) of 6x
- EV/EBITDA expected multiple is 8.5x


Growth potential decreased by 54.8% to -95.6%

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

2026-03-04

#MBNK #reports

MTS Bank reported for 2025 q4:
- Revenue +8.1% YoY (vs -4.5% in previous quarter and historical rate +19.6%)
- Net Income +869% YoY (vs +46.6% in previous quarter and historical rate +65.8%)
- Net Income margin 24.2% increased compared to 2.7% same period last year
- P/E multiple is 3.7x compared to historical level (50th percentile) of 4.4x

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

2026-03-04

#TRMK #reports

TMK (pipe) reported for 2025 q4:
- Revenue -34.5% YoY (vs -34.5% in previous quarter and historical rate -13.3%)
- EBITDA -43.4% YoY (vs -43.4% in previous quarter and historical rate -19.4%)
- Net Income +14.9% YoY (vs +14.9% in previous quarter and historical rate -62.0%)
- EBITDA margin 9.1% decreased compared to 10.5% same period last year
- Net Debt decreased by 1.4 bln rubles since the previous report (1.3% of market cap)
- FCF (LTM) -28.8 bln RUB (negative), 26.8% of market cap
- EV/EBITDA multiple is 7.3x compared to historical level (50th percentile) of 6x
- EV/EBITDA expected multiple is 8.5x


Growth potential decreased by 54.8% to -95.6%

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

2026-03-03

#FIXR #reports

Fix Price reported for 2025 H2:
- Revenue -4.6% YoY (vs +4.1% in previous half-year and historical rate +4.3%)
- EBITDA +16.2% YoY (vs -21.0% in previous half-year and historical rate -5.0%)
- Net Income -41.9% YoY (vs -56.0% in previous half-year and historical rate -13.0%)
- EBITDA margin 16.8% increased compared to 13.7% same period last year
- Net Debt increased by 21.6 bln rubles since the previous report (36.1% of market cap)
- FCF (LTM) -12.5 bln RUB (negative), 20.8% of market cap
- EV/EBITDA multiple is 2.2x compared to historical level (50th percentile) of 4x

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

2026-03-02

#RASP #reports

Raspadskaya reported for 2025 H2:
- Revenue -24.7% YoY (vs -33.2% in previous half-year and historical rate -12.2%)
- EBITDA -595.8% YoY (vs -693.2% in previous half-year and historical rate -96.0%)
- Net Income -919.4% YoY (vs -101.4% in previous half-year and historical rate -5.2%)
- EBITDA margin -50.5% decreased compared to 7.7% same period last year
- Net Debt decreased by 1.7 bln rubles since the previous report (1.5% of market cap)
- FCF (LTM) +3.3 bln RUB (positive), 3.0% of market cap
- EV/EBITDA multiple is -2.7x compared to historical level (50th percentile) of 4.5x
- EV/EBITDA expected multiple is -2.4x


Growth potential decreased by 68.0% to -261.0%

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

2026-02-27

#ALRS #reports

Alrosa reported for 2025 q3:
- Revenue +69.2% YoY (vs +69.2% in previous quarter and historical rate -3.8%)
- EBITDA -29% YoY (vs -29.0% in previous quarter and historical rate -31.4%)
- Net Income -2.3% YoY (vs +236.5% in previous quarter and historical rate +18.0%)
- EBITDA margin 7.8% decreased compared to 18.6% same period last year
- Net Debt increased by 13.8 bln rubles since the previous report (4.7% of market cap)
- FCF (LTM) -8.1 bln RUB (negative), 2.7% of market cap
- EV/EBITDA multiple is 14.1x compared to historical level (50th percentile) of 4.9x
- EV/EBITDA expected multiple is -17.5x


Growth potential increased by 13.0% to -170.5%

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

2026-02-27

#ALRS #reports

Alrosa reported for 2025 q4:
- Revenue +69.2% YoY (vs +69.2% in previous quarter and historical rate -3.8%)
- EBITDA -29% YoY (vs -29.0% in previous quarter and historical rate -31.4%)
- Net Income -2.3% YoY (vs -2.3% in previous quarter and historical rate +10.8%)
- EBITDA margin 7.8% decreased compared to 18.6% same period last year
- Net Debt increased by 13.8 bln rubles since the previous report (4.7% of market cap)
- FCF (LTM) -8.1 bln RUB (negative), 2.7% of market cap
- EV/EBITDA multiple is 14.1x compared to historical level (50th percentile) of 4.9x
- EV/EBITDA expected multiple is -17.5x


Growth potential increased by 13.0% to -170.5%

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

2026-02-27

#UPRO #reports

Unipro reported for 2025 H2:
- Revenue +7.5% YoY (vs +1.8% in previous half-year and historical rate +8.3%)
- EBITDA +103.3% YoY (vs -18.1% in previous half-year and historical rate +35.7%)
- Net Income +81% YoY (vs -3.8% in previous half-year and historical rate +4.6%)
- EBITDA margin 22.9% increased compared to 12.1% same period last year
- EV/EBITDA multiple is 0.3x compared to historical level (50th percentile) of 1.5x

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

2026-02-27

#LEAS #reports

Europlan reported for 2025 q4:
- Revenue -13.7% YoY (vs -2.3% in previous quarter and historical rate +21.9%)
- Net Income -39.4% YoY (vs -58.1% in previous quarter and historical rate -12.4%)
- Net Income margin 22.3% decreased compared to 31.7% same period last year
- P/E multiple is 15.5x compared to historical level (50th percentile) of 6.3x

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

2026-02-27

#IRAO #reports

Inter RAO reported for 2025 q4:
- Revenue +13.2% YoY (vs +17.0% in previous quarter and historical rate +11.6%)
- EBITDA -21.5% YoY (vs +8.3% in previous quarter and historical rate +0.3%)
- Net Income -45.2% YoY (vs -1.5% in previous quarter and historical rate +7.6%)
- EBITDA margin 5.2% decreased compared to 7.4% same period last year
- Net Debt decreased by 26.7 bln rubles since the previous report (7.8% of market cap)
- FCF (LTM) -34.3 bln RUB (negative), 10.0% of market cap
- EV/EBITDA multiple is 1.2x compared to historical level (50th percentile) of 1x

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

2026-02-26

#MAGN #reports

MMK reported for 2025 q4:
- Revenue -12% YoY (vs -18.6% in previous quarter and historical rate -8.7%)
- EBITDA -15.6% YoY (vs -47.2% in previous quarter and historical rate -23.9%)
- Net Income -313.9% YoY (vs -71.1% in previous quarter and historical rate -47.4%)
- EBITDA margin 13.4% decreased compared to 14.0% same period last year
- Net Debt decreased by 8.2 bln rubles since the previous report (2.3% of market cap)
- FCF (LTM) +6.5 bln RUB (positive), 1.8% of market cap
- EV/EBITDA multiple is 3.4x compared to historical level (50th percentile) of 2.2x
- EV/EBITDA expected multiple is 6.2x


Growth potential changed insignificantly and equals -51.4%

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

2026-02-26

#SBER #reports

Sberbank reported for 2025 q4:
- Revenue +26.5% YoY (vs +9.6% in previous quarter and historical rate +15.0%)
- Net Income +12.9% YoY (vs +9.0% in previous quarter and historical rate +70.9%)
- Net Income margin 30.2% decreased compared to 33.8% same period last year
- P/E multiple is 4.2x compared to historical level (50th percentile) of 4.3x

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

2026-02-26

#RTKM #reports

Rostelecom reported for 2025 q4:
- Revenue +15.6% YoY (vs +8.2% in previous quarter and historical rate +12.2%)
- EBITDA +19.3% YoY (vs +9.4% in previous quarter and historical rate +9.7%)
- Net Income -94.7% YoY (vs +100.0% in previous quarter and historical rate -8.1%)
- EBITDA margin 34.7% increased compared to 33.7% same period last year
- Net Debt decreased by 29.9 bln rubles since the previous report (13.1% of market cap)
- FCF (LTM) -40.5 bln RUB (negative), 17.8% of market cap
- EV/EBITDA multiple is 3x compared to historical level (50th percentile) of 3.4x

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

2026-02-26

#OZON #reports

OZON reported for 2025 q4:
- Revenue +43.3% YoY (vs +68.5% in previous quarter and historical rate +54.7%)
- EBITDA +203.3% YoY (vs +222.3% in previous quarter and historical rate +102.1%)
- EBITDA margin 12.5% increased compared to 5.9% same period last year
- Net Debt increased by 47.4 bln rubles since the previous report (4.6% of market cap)
- FCF (LTM) -91.3 bln RUB (negative), 8.8% of market cap
- EV/EBITDA multiple is 10.6x compared to historical level (50th percentile) of 17.8x

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

2026-02-25

#VTBR #reports

Bank VTB reported for 2025 q4:
- Revenue +67.3% YoY (vs -3.1% in previous quarter and historical rate +14.9%)
- Net Income -30.7% YoY (vs +2.2% in previous quarter and historical rate +81.9%)
- Net Income margin 49.9% decreased compared to 120.5% same period last year
- P/E multiple is 2.2x compared to historical level (50th percentile) of 1x

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

2026-02-25

#BAZA #reports

Basis reported for 2025 q4:
- Revenue +233.5% YoY (vs +108.6% in previous quarter and historical rate +122.8%)
- EBITDA +340.2% YoY (vs +142.7% in previous quarter and historical rate +130.0%)
- Net Income -1.5% YoY (vs +28.1% in previous quarter and historical rate +35.4%)
- EBITDA margin 64.4% increased compared to 48.8% same period last year
- Net Debt decreased by 1.2 bln rubles since the previous report (5.0% of market cap)
- FCF (LTM) +1.1 bln RUB (positive), 4.4% of market cap
- EV/EBITDA multiple is 6.1x compared to historical level (50th percentile) of 7.5x

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

2026-02-24

#GCHE #reports

Cherkizovo reported for 2025 q4:
- Revenue +15.2% YoY (vs +9.1% in previous quarter and historical rate +16.3%)
- EBITDA +111.6% YoY (vs +163.3% in previous quarter and historical rate +45.7%)
- Net Income +123.4% YoY (vs +123.4% in previous quarter and historical rate +45.2%)
- EBITDA margin 23.8% increased compared to 13.0% same period last year
- Net Debt decreased by 2 bln rubles since the previous report (1.3% of market cap)
- FCF (LTM) +5.1 bln RUB (positive), 3.4% of market cap
- EV/EBITDA multiple is 4.3x compared to historical level (50th percentile) of 7x
- EV/EBITDA expected multiple is 6x


Growth potential increased by 49.0% to +37.6%

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

2026-02-18

#DOMRF #reports

DOM.RF reported for 2025 q4:
- Revenue +90.8% YoY (vs +13.4% in previous quarter and historical rate +38.7%)
- Net Income +244.7% YoY (vs -3.4% in previous quarter and historical rate +53.0%)
- Net Income margin 43.2% increased compared to 23.9% same period last year
- P/E multiple is 4.4x compared to historical level (50th percentile) of 4.5x

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

2026-02-11

#GMKN #reports

Nornickel reported for 2025 H2:
- Revenue -20.7% YoY (vs +10.9% in previous half-year and historical rate +0.1%)
- EBITDA -13.5% YoY (vs +7.8% in previous half-year and historical rate -8.0%)
- Net Income +28.5% YoY (vs -2.3% in previous half-year and historical rate +5.0%)
- EBITDA margin 43.2% increased compared to 39.6% same period last year
- Net Debt decreased by 73.3 bln rubles since the previous report (3.0% of market cap)
- FCF (LTM) +165.6 bln RUB (positive), 6.7% of market cap
- EV/EBITDA multiple is 7.9x compared to historical level (50th percentile) of 6.6x
- EV/EBITDA expected multiple is 7.1x


Growth potential decreased by 30.8% to -9.2%

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

2026-02-11

#NVTK #reports

Novatek reported for 2025 q3:
- Revenue -19.2% YoY (vs -19.2% in previous quarter and historical rate -10.7%)
- EBITDA +0.4% YoY (vs +0.4% in previous quarter and historical rate -12.0%)
- Net Income -76.4% YoY (vs -34.2% in previous quarter and historical rate +11.6%)
- EBITDA margin 28.1% increased compared to 22.6% same period last year
- Net Debt decreased by 73.4 bln rubles since the previous report (2.1% of market cap)
- FCF (LTM) +223 bln RUB (positive), 6.3% of market cap
- EV/EBITDA multiple is 9x compared to historical level (50th percentile) of 8.5x
- EV/EBITDA expected multiple is 127.3x


Growth potential increased by 49.9% to -94.2%

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

2026-02-11

#NVTK #reports

Novatek reported for 2025 q4:
- Revenue -19.2% YoY (vs -19.2% in previous quarter and historical rate -10.7%)
- EBITDA +0.4% YoY (vs +0.4% in previous quarter and historical rate -12.0%)
- Net Income -76.4% YoY (vs -76.4% in previous quarter and historical rate +3.5%)
- EBITDA margin 28.1% increased compared to 22.6% same period last year
- Net Debt decreased by 73.4 bln rubles since the previous report (2.1% of market cap)
- FCF (LTM) +223 bln RUB (positive), 6.3% of market cap
- EV/EBITDA multiple is 9x compared to historical level (50th percentile) of 8.5x
- EV/EBITDA expected multiple is 127.3x


Growth potential increased by 49.9% to -94.2%

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

2026-02-03

#CHMF #reports

Severstal reported for 2025 q4:
- Revenue +1.6% YoY (vs -18.3% in previous quarter and historical rate -0.1%)
- EBITDA -47.3% YoY (vs -45.3% in previous quarter and historical rate -15.4%)
- Net Income -153% YoY (vs -62.1% in previous quarter and historical rate -25.6%)
- EBITDA margin 13.4% decreased compared to 25.8% same period last year
- Net Debt increased by 19.1 bln rubles since the previous report (2.3% of market cap)
- FCF (LTM) -35.8 bln RUB (negative), 4.3% of market cap
- EV/EBITDA multiple is 6.3x compared to historical level (50th percentile) of 3.8x
- EV/EBITDA expected multiple is 6.7x


Growth potential decreased by 9.5% to -44.1%

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

2026-01-06

#AFKS #reports

Sistema reported for 2025 q3:
- Revenue +13.4% YoY (vs +6.3% in previous quarter and historical rate +14.7%)
- EBITDA +21.1% YoY (vs +2.9% in previous quarter and historical rate +9.3%)
- EBITDA margin 28.9% increased compared to 27.1% same period last year
- Net Debt increased by 1.2 bln rubles since the previous report (1.0% of market cap)
- FCF (LTM) -202.5 bln RUB (negative), 162.1% of market cap
- EV/EBITDA multiple is 5.4x compared to historical level (50th percentile) of 7.8x

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

2025-12-17

#PRMD #reports

Promomed reported for 2025 q3:
- Revenue +70.2% YoY (vs +37.4% in previous quarter and historical rate +39.6%)
- EBITDA +30.5% YoY (vs +14.1% in previous quarter and historical rate +32.5%)
- EBITDA margin 31.9% decreased compared to 41.6% same period last year
- Net Debt increased by 0.9 bln rubles since the previous report (1.1% of market cap)
- FCF (LTM) -4.4 bln RUB (negative), 5.4% of market cap
- EV/EBITDA multiple is 9.8x compared to historical level (50th percentile) of 14.3x

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

2025-12-17

#OZPH #reports

Ozon Pharm reported for 2025 q3:
- Revenue +46.8% YoY (vs -18.4% in previous quarter and historical rate +19.9%)
- EBITDA +116.1% YoY (vs -43.4% in previous quarter and historical rate +34.2%)
- EBITDA margin 38.9% increased compared to 26.4% same period last year
- Net Debt increased by 0.6 bln rubles since the previous report (1.1% of market cap)
- FCF (LTM) +0.1 bln RUB (positive), 0.2% of market cap
- EV/EBITDA multiple is 5.8x compared to historical level (50th percentile) of 6.3x

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

2025-12-13

#ROSN #reports

Rosneft reported for 2025 q3:
- Revenue -17.3% YoY (vs -22.6% in previous quarter and historical rate +0.6%)
- EBITDA -19.9% YoY (vs -38.2% in previous quarter and historical rate +10.5%)
- Net Income -68.7% YoY (vs -69.3% in previous quarter and historical rate +86.3%)
- EBITDA margin 24.1% decreased compared to 24.9% same period last year
- EV/EBITDA multiple is 3.3x compared to historical level (50th percentile) of 3.2x
- EV/EBITDA expected multiple is 5.3x


Growth potential increased by 25.8% to -74.1%

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

2025-12-08

#BAZA #reports

Basis reported for 2025 q2:
- Revenue +108.6% YoY (vs +59.9% in previous quarter and historical rate +84.3%)
- EBITDA +142.7% YoY (vs +47.3% in previous quarter and historical rate +95.0%)
- Net Income +46.1% YoY (vs in previous quarter and historical rate +46.1%)
- EBITDA margin 58.3% increased compared to 50.1% same period last year
- Net Debt increased by 0.5 bln rubles since the previous report (2.6% of market cap)
- FCF (LTM) -0.4 bln RUB (negative), 2.0% of market cap
- EV/EBITDA multiple is 7.9x compared to historical level (50th percentile) of 0x

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

2025-12-08

#BAZA #reports

Basis reported for 2025 q3:
- Revenue +108.6% YoY (vs +59.9% in previous quarter and historical rate +84.3%)
- EBITDA +142.7% YoY (vs +47.3% in previous quarter and historical rate +95.0%)
- Net Income +28.1% YoY (vs +46.1% in previous quarter and historical rate +37.1%)
- EBITDA margin 58.3% increased compared to 50.1% same period last year
- Net Debt increased by 0.5 bln rubles since the previous report (2.6% of market cap)
- FCF (LTM) -0.4 bln RUB (negative), 2.0% of market cap
- EV/EBITDA multiple is 7.9x compared to historical level (50th percentile) of 0x

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

2025-12-02

#AFLT #reports

Aeroflot reported for 2025 q3:
- Revenue +0.9% YoY (vs +10.3% in previous quarter and historical rate +20.7%)
- EBITDA +116.9% YoY (vs +38.9% in previous quarter and historical rate +59.7%)
- Net Income +86.4% YoY (vs +15.2% in previous quarter and historical rate +230.9%)
- EBITDA margin 34.2% increased compared to 15.9% same period last year
- Net Debt increased by 55.6 bln rubles since the previous report (24.5% of market cap)
- FCF (LTM) +37.9 bln RUB (positive), 16.7% of market cap
- EV/EBITDA multiple is 2.7x compared to historical level (50th percentile) of 4.4x

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

2025-12-01

#EELT #reports

EuroElTech reported for 2025 q3:
- Revenue -26.2% YoY (vs +32.8% in previous quarter and historical rate +13.5%)
- EBITDA -25.9% YoY (vs -3.0% in previous quarter and historical rate +21.4%)
- Net Income -17.6% YoY (vs -47.5% in previous quarter and historical rate +2.5%)
- EBITDA margin 19.5% has not changed compared to 19.5% same period last year
- Net Debt decreased by 0.2 bln rubles since the previous report (4.0% of market cap)
- FCF (LTM) +1.1 bln RUB (positive), 18.0% of market cap
- EV/EBITDA multiple is 6.8x compared to historical level (50th percentile) of 5.7x

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

2025-11-28

#SFIN #reports

SFI Holding reported for 2025 q3:
- Revenue -95.5% YoY (vs +1.3% in previous quarter and historical rate +28.7%)
- Net Income -79.5% YoY (vs -58.0% in previous quarter and historical rate +45.4%)
- Net Income margin 124.9% increased compared to 27.6% same period last year
- P/E multiple is 7.5x compared to historical level (50th percentile) of 3.6x

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

2025-11-28

#MRKU #reports

IDGC Ural reported for 2025 q3:
- Revenue +15.4% YoY (vs +7.2% in previous quarter and historical rate +9.6%)
- EBITDA +29.9% YoY (vs -20.5% in previous quarter and historical rate +30.1%)
- Net Income +57.7% YoY (vs -45.4% in previous quarter and historical rate +56.1%)
- EBITDA margin 26.5% increased compared to 23.5% same period last year
- Net Debt increased by 0.1 bln rubles since the previous report (0.3% of market cap)
- FCF (LTM) -4.1 bln RUB (negative), 11.3% of market cap
- EV/EBITDA multiple is 2.4x compared to historical level (50th percentile) of 2.4x

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

2025-11-28

#GAZP #reports

Gazprom reported for 2025 q3:
- Revenue -10.9% YoY (vs -14.3% in previous quarter and historical rate -3.2%)
- EBITDA +32.9% YoY (vs -6.6% in previous quarter and historical rate +2.3%)
- Net Income +100% YoY (vs -18.8% in previous quarter and historical rate -41.2%)
- EBITDA margin 41.7% increased compared to 27.9% same period last year
- Net Debt increased by 164.5 bln rubles since the previous report (5.5% of market cap)
- FCF (LTM) -813.8 bln RUB (negative), 27.3% of market cap
- EV/EBITDA multiple is 3.4x compared to historical level (50th percentile) of 4x
- EV/EBITDA expected multiple is 5.2x


Growth potential increased by 51.4% to -76.0%

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

2025-11-28

#TRNFP #reports

Transneft (pref) reported for 2025 q3:
- Revenue +1.9% YoY (vs +2.8% in previous quarter and historical rate +7.1%)
- EBITDA +32.1% YoY (vs +7.1% in previous quarter and historical rate +3.5%)
- Net Income -2.5% YoY (vs -2.9% in previous quarter and historical rate -8.0%)
- EBITDA margin 39.3% increased compared to 30.3% same period last year
- Net Debt increased by 65 bln rubles since the previous report (6.9% of market cap)
- FCF (LTM) -105.5 bln RUB (negative), 11.1% of market cap
- EV/EBITDA multiple is 1.5x compared to historical level (50th percentile) of 1.4x

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

2025-11-28

#SIBN #reports

Gazprom Neft reported for 2025 q3:
- Revenue -10.8% YoY (vs -15.1% in previous quarter and historical rate +3.7%)
- EBITDA -18% YoY (vs -30.4% in previous quarter and historical rate -5.1%)
- Net Income +39.2% YoY (vs -64.8% in previous quarter and historical rate +12.1%)
- EBITDA margin 24.9% decreased compared to 27.1% same period last year
- EV/EBITDA multiple is 3.9x compared to historical level (50th percentile) of 3.7x
- EV/EBITDA expected multiple is 6.9x


Growth potential increased by 29.4% to -74.5%

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

2025-11-28

#NMTP #reports

NMTP reported for 2025 q3:
- Revenue +8.4% YoY (vs -2.3% in previous quarter and historical rate +8.9%)
- EBITDA +9.6% YoY (vs -1.4% in previous quarter and historical rate +10.7%)
- Net Income +19.5% YoY (vs +1.8% in previous quarter and historical rate +8.6%)
- EBITDA margin 62.4% increased compared to 61.7% same period last year
- Net Debt increased by 11.9 bln rubles since the previous report (7.2% of market cap)
- FCF (LTM) +29.9 bln RUB (positive), 18.0% of market cap
- EV/EBITDA multiple is 3x compared to historical level (50th percentile) of 3.3x

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

2025-11-28

#MRKY #reports

IDGC South reported for 2025 q3:
- Revenue +44% YoY (vs +47.8% in previous quarter and historical rate +15.9%)
- EBITDA +32.1% YoY (vs +22.7% in previous quarter and historical rate +66.8%)
- Net Income +101.8% YoY (vs -30.1% in previous quarter and historical rate +79.5%)
- EBITDA margin 20.1% decreased compared to 21.9% same period last year
- Net Debt decreased by 2 bln rubles since the previous report (31.3% of market cap)
- FCF (LTM) +0.3 bln RUB (positive), 5.1% of market cap
- EV/EBITDA multiple is 1.6x compared to historical level (50th percentile) of 2.9x

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

2025-11-28

#AKRN #reports

Acron reported for 2025 q3:
- Revenue +13.5% YoY (vs +29.1% in previous quarter and historical rate +2.9%)
- EBITDA +7.2% YoY (vs +42.1% in previous quarter and historical rate +0.3%)
- Net Income +331.8% YoY (vs +29.0% in previous quarter and historical rate +61.5%)
- EBITDA margin 36.4% decreased compared to 38.5% same period last year
- Net Debt increased by 6 bln rubles since the previous report (0.8% of market cap)
- FCF (LTM) +6.2 bln RUB (positive), 0.8% of market cap
- EV/EBITDA multiple is 11.9x compared to historical level (50th percentile) of 10.2x
- EV/EBITDA expected multiple is 16.2x


Growth potential decreased by 1.7% to -51.6%

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

2025-11-27

#GCHE #reports

Cherkizovo reported for 2025 q3:
- Revenue +9.1% YoY (vs +10.5% in previous quarter and historical rate +15.5%)
- EBITDA +163.3% YoY (vs -11.6% in previous quarter and historical rate +35.6%)
- EBITDA margin 31.3% increased compared to 13.0% same period last year
- Net Debt decreased by 7.8 bln rubles since the previous report (5.9% of market cap)
- FCF (LTM) -7.4 bln RUB (negative), 5.5% of market cap
- EV/EBITDA multiple is 4.8x compared to historical level (50th percentile) of 7x
- EV/EBITDA expected multiple is 9.3x


Growth potential increased by 66.3% to -49.6%

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

2025-11-27

#HYDR #reports

Rushydro reported for 2025 q3:
- Revenue +12.1% YoY (vs +16.4% in previous quarter and historical rate +15.9%)
- EBITDA -5.5% YoY (vs +35.6% in previous quarter and historical rate +42.1%)
- Net Income -888.9% YoY (vs +79.3% in previous quarter and historical rate -101.2%)
- EBITDA margin 22.4% decreased compared to 26.6% same period last year
- Net Debt increased by 68.4 bln rubles since the previous report (39.8% of market cap)
- FCF (LTM) -211.1 bln RUB (negative), 122.8% of market cap
- EV/EBITDA multiple is 4.6x compared to historical level (50th percentile) of 6x

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

2025-11-27

#SGZH #reports

Segezha Group reported for 2025 q3:
- Revenue -13.2% YoY (vs -22.4% in previous quarter and historical rate -1.9%)
- EBITDA -81.6% YoY (vs -257.9% in previous quarter and historical rate -34.7%)
- EBITDA margin 2.2% decreased compared to 10.6% same period last year
- Net Debt increased by 2.6 bln rubles since the previous report (2.7% of market cap)
- FCF (LTM) -27.6 bln RUB (negative), 29.1% of market cap
- EV/EBITDA multiple is -164.2x compared to historical level (50th percentile) of 30.7x
- EV/EBITDA expected multiple is -9.1x


Growth potential increased by 40.8% to -365.9%

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

2025-11-27

#ASTR #reports

Astra reported for 2025 q3:
- Revenue +4% YoY (vs +13.3% in previous quarter and historical rate +88.2%)
- EBITDA +49.7% YoY (vs +20.5% in previous quarter and historical rate +93.6%)
- Net Income -74% YoY (vs -60.4% in previous quarter and historical rate +51.5%)
- EBITDA margin 41.9% increased compared to 29.1% same period last year
- Net Debt increased by 0.6 bln rubles since the previous report (1.0% of market cap)
- FCF (LTM) +2.3 bln RUB (positive), 3.7% of market cap
- EV/EBITDA multiple is 8x compared to historical level (50th percentile) of 24.1x

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

2025-11-26

#MRKV #reports

IDGC Volga reported for 2025 q3:
- Revenue +55.4% YoY (vs +53.7% in previous quarter and historical rate +23.7%)
- EBITDA +66.7% YoY (vs +116.9% in previous quarter and historical rate +31.4%)
- Net Income +132.2% YoY (vs +100.0% in previous quarter and historical rate +69.9%)
- EBITDA margin 17.8% increased compared to 16.6% same period last year
- Net Debt decreased by 1.4 bln rubles since the previous report (5.7% of market cap)
- FCF (LTM) +4.8 bln RUB (positive), 19.8% of market cap
- EV/EBITDA multiple is 1.3x compared to historical level (50th percentile) of 1.5x

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

2025-11-26

#MOEX #reports

MOEX reported for 2025 q3:
- Revenue -12.6% YoY (vs -11.6% in previous quarter and historical rate +30.8%)
- Net Income -25.1% YoY (vs -22.8% in previous quarter and historical rate +31.4%)
- Net Income margin 49.9% decreased compared to 58.2% same period last year
- P/E multiple is 6.3x compared to historical level (50th percentile) of 6.5x

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

2025-11-26

#DIAS #reports

Diasoft reported for 2025 q3:
- Revenue -4.8% YoY (vs -4.8% in previous quarter and historical rate +13.6%)
- EBITDA -59.4% YoY (vs -59.4% in previous quarter and historical rate -2.9%)
- EBITDA margin 9.8% decreased compared to 23.0% same period last year
- Net Debt increased by 0.8 bln rubles since the previous report (4.1% of market cap)
- FCF (LTM) +0.7 bln RUB (positive), 3.7% of market cap
- EV/EBITDA multiple is 8.4x compared to historical level (50th percentile) of 12.1x

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

2025-11-25

#CNRU #reports

Cian reported for 2025 q3:
- Revenue +28.8% YoY (vs +11.5% in previous quarter and historical rate +24.6%)
- EBITDA +250.5% YoY (vs 0.0% in previous quarter and historical rate +84.2%)
- EBITDA margin 25.5% increased compared to 9.4% same period last year
- Net Debt decreased by 6.8 bln rubles since the previous report (14.4% of market cap)
- FCF (LTM) +6.7 bln RUB (positive), 14.2% of market cap
- EV/EBITDA multiple is 11.5x compared to historical level (50th percentile) of 16.7x

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

2025-11-24

#MRKZ #reports

IDGC North West reported for 2025 q3:
- Revenue +34.5% YoY (vs +26.2% in previous quarter and historical rate +18.3%)
- EBITDA +124.1% YoY (vs -33.8% in previous quarter and historical rate +50.1%)
- Net Income +100% YoY (vs -1927.2% in previous quarter and historical rate -137.4%)
- EBITDA margin 11.6% increased compared to 7.0% same period last year
- Net Debt increased by 0.4 bln rubles since the previous report (4.0% of market cap)
- FCF (LTM) +4.8 bln RUB (positive), 55.1% of market cap
- EV/EBITDA multiple is 1.5x compared to historical level (50th percentile) of 3.3x

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

2025-11-21

#MSRS #reports

Rosseti Moscow Region reported for 2025 q3:
- Revenue +18.1% YoY (vs +12.0% in previous quarter and historical rate +11.0%)
- Net Income +24% YoY (vs +21.3% in previous quarter and historical rate +31.4%)
- EBITDA margin 32.8% increased compared to -72.0% same period last year
- Net Debt increased by 7.8 bln rubles since the previous report (11.6% of market cap)
- FCF (LTM) -22.3 bln RUB (negative), 33.4% of market cap

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

2025-11-21

#BSPB #reports

Bank Sankt-Peterburg reported for 2025 q3:
- Revenue -2.8% YoY (vs +1.7% in previous quarter and historical rate +11.2%)
- Net Income -33.9% YoY (vs -19.2% in previous quarter and historical rate +26.2%)
- Net Income margin 37.5% decreased compared to 55.2% same period last year
- P/E multiple is 2.7x compared to historical level (50th percentile) of 2.5x

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

2025-11-20

#PHOR #reports

Phosagro reported for 2025 q3:
- Revenue +10.6% YoY (vs +13.8% in previous quarter and historical rate +2.5%)
- EBITDA +12.1% YoY (vs +17.4% in previous quarter and historical rate -6.4%)
- Net Income +77.6% YoY (vs -19.7% in previous quarter and historical rate +8.3%)
- EBITDA margin 35.7% increased compared to 35.2% same period last year
- Net Debt increased by 38.7 bln rubles since the previous report (4.5% of market cap)
- FCF (LTM) +11.2 bln RUB (positive), 1.3% of market cap
- EV/EBITDA multiple is 5.8x compared to historical level (50th percentile) of 6x
- EV/EBITDA expected multiple is 7.4x


Growth potential decreased by 11.7% to -26.1%

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

2025-11-20

#RENI #reports

Renessans reported for 2025 q3:
- Revenue +32.5% YoY (vs +28.1% in previous quarter and historical rate +25.3%)
- Net Income -38% YoY (vs +111.5% in previous quarter and historical rate +41.8%)
- Net Income margin 3.7% decreased compared to 7.8% same period last year
- P/E multiple is 4.2x compared to historical level (50th percentile) of 4.4x

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

2025-11-19

#LEAS #reports

Europlan reported for 2025 q3:
- Revenue -2.3% YoY (vs +4.7% in previous quarter and historical rate +25.4%)
- Net Income -58.1% YoY (vs -88.5% in previous quarter and historical rate -6.5%)
- Net Income margin 9.7% decreased compared to 22.7% same period last year
- P/E multiple is 10.5x compared to historical level (50th percentile) of 6x

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

2025-11-17

#VSEH #reports

VseInstrumenti reported for 2025 q3:
- Revenue +7.4% YoY (vs +10.3% in previous quarter and historical rate +35.0%)
- EBITDA +28.4% YoY (vs +106.8% in previous quarter and historical rate +42.6%)
- Net Income +100% YoY (vs +100.0% in previous quarter and historical rate -25.9%)
- EBITDA margin 9.6% increased compared to 8.0% same period last year
- Net Debt increased by 15.7 bln rubles since the previous report (46.5% of market cap)
- FCF (LTM) -10.9 bln RUB (negative), 32.2% of market cap
- EV/EBITDA multiple is 5x compared to historical level (50th percentile) of 7.3x

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

2025-11-14

#IRAO #reports

Inter RAO reported for 2025 q3:
- Revenue +17% YoY (vs +12.2% in previous quarter and historical rate +11.5%)
- EBITDA +8.3% YoY (vs +28.3% in previous quarter and historical rate +1.8%)
- Net Income -1.5% YoY (vs +13.2% in previous quarter and historical rate +21.8%)
- EBITDA margin 8.0% decreased compared to 8.7% same period last year
- Net Debt increased by 67.4 bln rubles since the previous report (22.9% of market cap)
- FCF (LTM) +75.5 bln RUB (positive), 25.7% of market cap
- EV/EBITDA multiple is 1x compared to historical level (50th percentile) of 0.9x

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

2025-11-14

#DOMRF #reports

DOM.RF reported for 2025 q2:
- Revenue +13.4% YoY (vs +44.7% in previous quarter and historical rate +32.9%)
- Net Income -3.4% YoY (vs +35.2% in previous quarter and historical rate +35.5%)
- Net Income margin 44.9% decreased compared to 52.7% same period last year
- P/E multiple is 3.9x compared to historical level (50th percentile) of 0x

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

2025-11-14

#DOMRF #reports

DOM.RF reported for 2025 q3:
- Revenue +13.4% YoY (vs +44.7% in previous quarter and historical rate +32.9%)
- Net Income -3.4% YoY (vs +35.2% in previous quarter and historical rate +35.5%)
- Net Income margin 44.9% decreased compared to 52.7% same period last year
- P/E multiple is 3.9x compared to historical level (50th percentile) of 0x

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

2025-11-14

#FLOT #reports

SCF Group reported for 2025 q3:
- Revenue -39.6% YoY (vs -35.9% in previous quarter and historical rate +11.4%)
- EBITDA -71.6% YoY (vs -59.5% in previous quarter and historical rate +11.8%)
- Net Income -81.5% YoY (vs -133.8% in previous quarter and historical rate -65.3%)
- EBITDA margin 27.1% decreased compared to 57.5% same period last year
- Net Debt decreased by 11.5 bln rubles since the previous report (6.7% of market cap)
- FCF (LTM) +31 bln RUB (positive), 18.2% of market cap
- EV/EBITDA multiple is 3.2x compared to historical level (50th percentile) of 2.5x
- EV/EBITDA expected multiple is 2.2x


Growth potential decreased by 24.1% to +7.2%

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

2025-11-14

#SELG #reports

Seligdar reported for 2025 q3:
- Revenue +51% YoY (vs +36.3% in previous quarter and historical rate +36.3%)
- EBITDA +34.2% YoY (vs +4.8% in previous quarter and historical rate +27.1%)
- Net Income +11.9% YoY (vs +58.8% in previous quarter and historical rate -57.6%)
- EBITDA margin 37.3% decreased compared to 42.0% same period last year
- Net Debt increased by 40 bln rubles since the previous report (87.3% of market cap)
- FCF (LTM) -56.8 bln RUB (negative), 124.0% of market cap
- EV/EBITDA multiple is 7.1x compared to historical level (50th percentile) of 8.7x
- EV/EBITDA expected multiple is 10.1x


Growth potential decreased by 76.1% to -50.4%

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

2025-11-14

#SVCB #reports

Sovcombank reported for 2025 q3:
- Revenue +75.9% YoY (vs -30.7% in previous quarter and historical rate +18.2%)
- Net Income +0.2% YoY (vs -63.5% in previous quarter and historical rate +41.6%)
- Net Income margin 28.6% decreased compared to 50.1% same period last year
- P/E multiple is 4.7x compared to historical level (50th percentile) of 3.9x

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

2025-11-14

#HEAD #reports

Head Hunter reported for 2025 q3:
- Revenue +1.9% YoY (vs +3.3% in previous quarter and historical rate +35.3%)
- EBITDA -5.4% YoY (vs -6.7% in previous quarter and historical rate +41.7%)
- EBITDA margin 60.0% decreased compared to 64.6% same period last year
- Net Debt decreased by 3.9 bln rubles since the previous report (2.8% of market cap)
- FCF (LTM) +17.6 bln RUB (positive), 12.5% of market cap
- EV/EBITDA multiple is 6x compared to historical level (50th percentile) of 7.9x

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2025-11-13

#RTKM #reports

Rostelecom reported for 2025 q3:
- Revenue +8.2% YoY (vs +13.5% in previous quarter and historical rate +11.7%)
- EBITDA +9.4% YoY (vs +11.3% in previous quarter and historical rate +9.0%)
- Net Income +100% YoY (vs -55.4% in previous quarter and historical rate +69.5%)
- EBITDA margin 38.5% increased compared to 38.1% same period last year
- Net Debt increased by 21.3 bln rubles since the previous report (12.9% of market cap)
- FCF (LTM) -91.9 bln RUB (negative), 55.7% of market cap
- EV/EBITDA multiple is 3.1x compared to historical level (50th percentile) of 3.4x

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

2025-11-13

#MTSS #reports

MTS reported for 2025 q3:
- Revenue +18.5% YoY (vs +14.4% in previous quarter and historical rate +12.9%)
- EBITDA +17.4% YoY (vs +11.2% in previous quarter and historical rate +6.6%)
- EBITDA margin 29.6% decreased compared to 29.9% same period last year
- Net Debt decreased by 4.1 bln rubles since the previous report (1.2% of market cap)
- FCF (LTM) +10.6 bln RUB (positive), 3.0% of market cap
- EV/EBITDA multiple is 3.6x compared to historical level (50th percentile) of 4.4x

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2025-11-13

#MBNK #reports

MTS Bank reported for 2025 q3:
- Revenue +212% YoY (vs -6.3% in previous quarter and historical rate +37.5%)
- Net Income +190.2% YoY (vs -36.1% in previous quarter and historical rate +59.9%)
- Net Income margin 20.7% decreased compared to 22.3% same period last year
- P/E multiple is 2.9x compared to historical level (50th percentile) of 4.3x

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

2025-11-11

#POSI #reports

Positive reported for 2025 q3:
- Revenue -6.4% YoY (vs +42.0% in previous quarter and historical rate +29.7%)
- EBITDA +681.6% YoY (vs -90100.0% in previous quarter and historical rate -11.3%)
- Net Income +11.1% YoY (vs +23.8% in previous quarter and historical rate -482.1%)
- EBITDA margin 14.3% increased compared to 1.7% same period last year
- Net Debt increased by 3.2 bln rubles since the previous report (4.3% of market cap)
- FCF (LTM) -6.1 bln RUB (negative), 8.3% of market cap
- EV/EBITDA multiple is 11.6x compared to historical level (50th percentile) of 19.6x

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2025-11-10

#OZON #reports

OZON reported for 2025 q3:
- Revenue +68.5% YoY (vs +86.6% in previous quarter and historical rate +54.6%)
- EBITDA +222.3% YoY (vs +3536000.0% in previous quarter and historical rate +102.1%)
- EBITDA margin 13.1% increased compared to 6.9% same period last year
- Net Debt increased by 27.6 bln rubles since the previous report (3.2% of market cap)
- FCF (LTM) -92.3 bln RUB (negative), 10.7% of market cap
- EV/EBITDA multiple is 11.1x compared to historical level (50th percentile) of 38.9x

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2025-11-02

#INN7729355614 #reports

DOM.RF reported for 2025 q3:
- Revenue +13.4% YoY (vs +44.7% in previous quarter and historical rate +32.9%)
- Net Income -3.4% YoY (vs +35.2% in previous quarter and historical rate +35.5%)
- Net Income margin 44.9% decreased compared to 52.7% same period last year
- P/E multiple is 3.2x compared to historical level (50th percentile) of 0x

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

2025-10-31

#GLRX #reports

GLORAX reported for 2025 H1:
- Revenue +45.3% YoY (vs +189.3% in previous half-year and historical rate +118.3%)
- EBITDA +57.7% YoY (vs +140.3% in previous half-year and historical rate +132.3%)
- Net Income +272.7% YoY (vs +32.4% in previous half-year and historical rate +159.4%)
- EBITDA margin 36.7% increased compared to 33.8% same period last year
- Net Debt increased by 11.8 bln rubles since the previous report (75.6% of market cap)
- FCF (LTM) +1.1 bln RUB (positive), 6.8% of market cap
- EV/EBITDA multiple is 6.8x compared to historical level (50th percentile) of 0x

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2025-10-31

#LENT #reports

Lenta reported for 2025 q3:
- Revenue +26.8% YoY (vs +25.3% in previous quarter and historical rate +28.0%)
- EBITDA +15.5% YoY (vs +32.9% in previous quarter and historical rate +48.7%)
- EBITDA margin 7.3% decreased compared to 8.1% same period last year
- Net Debt increased by 2.4 bln rubles since the previous report (1.2% of market cap)
- FCF (LTM) +20.8 bln RUB (positive), 10.6% of market cap
- EV/EBITDA multiple is 3.4x compared to historical level (50th percentile) of 4.2x

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2025-10-30

#ELFV #reports

EL5-Energo reported for 2025 q3:
- Revenue +28.3% YoY (vs +21.8% in previous quarter and historical rate +17.0%)
- Net Income +23.6% YoY (vs -3.0% in previous quarter and historical rate -769.5%)
- EBITDA margin 21.1% increased compared to -13.4% same period last year
- Net Debt decreased by 2.8 bln rubles since the previous report (17.2% of market cap)
- FCF (LTM) +6.4 bln RUB (positive), 39.5% of market cap

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

2025-10-30

#ZAYM #reports

Zaymer reported for 2025 q3:
- Revenue +18.5% YoY (vs +28.2% in previous quarter and historical rate +8.2%)
- Net Income +31% YoY (vs -21.4% in previous quarter and historical rate +6.8%)
- Net Income margin 23.2% increased compared to 21.0% same period last year
- P/E multiple is 3.2x compared to historical level (50th percentile) of 3.6x

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2025-10-28

#SBER #reports

Sberbank reported for 2025 q3:
- Revenue +9.6% YoY (vs +9.8% in previous quarter and historical rate +12.8%)
- Net Income +9% YoY (vs +1.0% in previous quarter and historical rate +63.7%)
- Net Income margin 37.1% decreased compared to 37.3% same period last year
- P/E multiple is 3.9x compared to historical level (50th percentile) of 4.4x

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

2025-10-27

#X5 #reports

X5 Retail Group reported for 2025 q3:
- Revenue +18.5% YoY (vs +21.6% in previous quarter and historical rate +21.4%)
- EBITDA +0.6% YoY (vs +0.9% in previous quarter and historical rate +11.4%)
- EBITDA margin 6.2% decreased compared to 7.3% same period last year
- Net Debt increased by 157.2 bln rubles since the previous report (22.8% of market cap)
- FCF (LTM) -60.8 bln RUB (negative), 8.8% of market cap
- EV/EBITDA multiple is 3.7x compared to historical level (50th percentile) of 3.4x

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2025-10-27

#VTBR #reports

Bank VTB reported for 2025 q3:
- Revenue -3.1% YoY (vs -14.4% in previous quarter and historical rate +6.1%)
- Net Income +2.2% YoY (vs -9.7% in previous quarter and historical rate +67.8%)
- Net Income margin 49.6% increased compared to 47.0% same period last year
- P/E multiple is 1.6x compared to historical level (50th percentile) of 1x

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

2025-10-23

#MAGN #reports

MMK reported for 2025 q3:
- Revenue -18.6% YoY (vs -31.0% in previous quarter and historical rate -9.7%)
- EBITDA -47.2% YoY (vs -56.1% in previous quarter and historical rate -25.2%)
- Net Income -71.1% YoY (vs -90.7% in previous quarter and historical rate -22.9%)
- EBITDA margin 12.9% decreased compared to 19.9% same period last year
- Net Debt decreased by 2.7 bln rubles since the previous report (1.0% of market cap)
- FCF (LTM) +34.2 bln RUB (positive), 12.1% of market cap
- EV/EBITDA multiple is 2.5x compared to historical level (50th percentile) of 2.1x
- EV/EBITDA expected multiple is 2.7x


Growth potential decreased by 8.3% to -16.3%

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

2025-10-20

#INN7729355614 #reports

DOM.RF reported for 2025 q2:
- Revenue +44.7% YoY (vs +24.2% in previous quarter and historical rate +34.6%)
- Net Income +35.2% YoY (vs -6.4% in previous quarter and historical rate +39.1%)
- Net Income margin 50.3% decreased compared to 53.9% same period last year
- P/E multiple is 3.2x compared to historical level (50th percentile) of 0x

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

2025-10-20

#CHMF #reports

Severstal reported for 2025 q3:
- Revenue -18.3% YoY (vs -15.9% in previous quarter and historical rate -2.3%)
- EBITDA -45.3% YoY (vs -36.6% in previous quarter and historical rate -15.1%)
- Net Income -62.1% YoY (vs -55.4% in previous quarter and historical rate -17.8%)
- EBITDA margin 19.4% decreased compared to 29.0% same period last year
- Net Debt decreased by 4.3 bln rubles since the previous report (0.6% of market cap)
- FCF (LTM) -63.9 bln RUB (negative), 8.2% of market cap
- EV/EBITDA multiple is 4.9x compared to historical level (50th percentile) of 3.6x
- EV/EBITDA expected multiple is 4.6x


Growth potential decreased by 10.4% to -19.2%