Enhanced Investments - Financial Portal

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

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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

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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

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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%

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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

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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%

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2025-09-30

#LMBZ #reports

Lambumiz reported for 2025 H1:
- Revenue -3% YoY (vs -0.5% in previous half-year and historical rate +22.0%)
- EBITDA -1.9% YoY (vs -18.7% in previous half-year and historical rate +88.0%)
- EBITDA margin 11.0% increased compared to 10.9% same period last year
- Net Debt increased by 0 bln rubles since the previous report (0.1% of market cap)
- FCF (LTM) +0.5 bln RUB (positive), 4.9% of market cap
- EV/EBITDA multiple is 26.7x compared to historical level (50th percentile) of 23.2x

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2025-09-29

#RZSB #reports

Ryazanenergosbyt (RESK) reported for 2025 H1:
- Revenue +7.9% YoY (vs +5.9% in previous half-year and historical rate +6.4%)
- EBITDA -3.2% YoY (vs -22.3% in previous half-year and historical rate +9.0%)
- Net Income -6% YoY (vs -8.9% in previous half-year and historical rate +27.4%)
- EBITDA margin 7.7% decreased compared to 8.6% same period last year
- EV/EBITDA multiple is -0.7x compared to historical level (50th percentile) of 0x

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2025-09-29

#INN6229049014 #reports

Ryazanenergosbyt (RESK) reported for 2025 H1:
- Revenue +7.9% YoY (vs +5.9% in previous half-year and historical rate +6.4%)
- EBITDA -3.2% YoY (vs -22.3% in previous half-year and historical rate +9.0%)
- Net Income -6% YoY (vs -8.9% in previous half-year and historical rate +27.4%)
- EBITDA margin 7.7% decreased compared to 8.6% same period last year
- EV/EBITDA multiple is -0.7x compared to historical level (50th percentile) of 0x

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2025-09-29

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2025-09-29

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2025-09-29

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2025-09-17

#ETLN #reports

Etalon reported for 2025 H1:
- Revenue +35% YoY (vs +31.4% in previous half-year and historical rate +26.6%)
- EBITDA +42.8% YoY (vs +73.9% in previous half-year and historical rate +39.9%)
- Net Income -497.2% YoY (vs -333.0% in previous half-year and historical rate -169.2%)
- EBITDA margin 20.2% increased compared to 19.1% same period last year
- Net Debt increased by 27.3 bln rubles since the previous report (170.5% of market cap)
- FCF (LTM) -54.3 bln RUB (negative), 338.4% of market cap
- EV/EBITDA multiple is 7.4x compared to historical level (50th percentile) of 12.8x
- EV/EBITDA expected multiple is 7.2x

Growth potential decreased by 85.8% to +41.8%

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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

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

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

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

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

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

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%

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

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

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

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

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

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

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

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

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

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

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

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%

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

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

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

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

General information

Good financial results growth rate 21.5% (average between last period year over year growth for revenue and EBITDA), there is acceleration compared to average historical growth rates (17.4%)
Dividend yield for the last twelve months 11.5%
Free cash flow yield -14.0% (LTM)
Share price is 44.5% higher than minimum and 21.1% lower than maximum for the last 3 years
The company is overvalued by EV / LTM EBITDA multiple compared to target level (2.0x vs
)
Fundamental value created in LTM (estimate)
Taking into account the impact of the key rate 16.5% on the change in financial parameters: EBITDA adjustment is -3 478 mln rub as NetDebt * (expected key rate - 3 years average 14.2%) / 2, expected EBITDA adjusted for key rate increases is 41 037 mln rub, expected mult is 3.3x, target mult is 2.0x, potential is -88.8%

Key Financials (Download financials)

Ticker: MSRS

Share price, RUB: (-1.4%)1.3085

year average price 1.2872

year start price 1.1190 2024-11-02

min close price 1.0400 2024-12-18

max close price 1.5380 2025-08-06

current price 1.3085 2025-11-01

Common stocks: 48 707 091 574

Dividend Yield: 11.5%

FCF Yield LTM: -14.0%

EV / LTM EBITDA:2.0x

EV / EBITDA annualized: 1.7x

Last revenue growth (y/y): 12.0%

Last growth of EBITDA (y/y): 31.1%

Historical revenue growth: 11.2%

Historical growth of EBITDA: 23.6%

Target EV / EBITDA (hist percentile):

Express share price potential:

Fundamental value created in LTM:

Потенциал с учетом ускорения/замедления

	Mult Upside	-10.9%
	FCF Creation	-14.0%
	Growth	+21.5%
	Growth Corr	+2.0%

	Sum	-1.3%

EV / LTM EBITDA mutiple calculation

Market Cap (m RUB): 63 733

Net Debt (m RUB): 62 850

EV (Enterprise Value): 126 583

EBITDA LTM (m RUB): 62 534

Net Income LTM (m RUB): 16 636

EV / LTM EBITDA: 2.0x

Net Debt / LTM EBITDA (if EBITDA > 0): 1.0x

Average daily trading volume for the week, RUB mln: 25

P / E 3.8x

P / E ann-d2.7x

P / B 0.3x

EBITDA margin ann-d 30.8%

Net income margin ann-d 9.7%

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. 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	61 025+12%		11 124+45%	5 900+21%	306-17%	-2 607>+200%
2025 q1	69 041+7%	1 649+31%	16 249+40%	10 743+23%	639+55%	-2 125+116%
2024 q4	70 910+8%		56 175-4%	-8 837<-100%	522+107%	-1 140<-100%
2024 q3	59 065+12%		-49 392+13%	8 829+12%	137+6%	-1 360>+200%
2024 q2	54 503+8%		7 659+48%	4 866+45%	369+94%	-828>+200%
2024 q1	64 509+7%	1 258	11 592-22%	8 711-27%	414+41%	-985>+200%
2023 q4	65 597+26%		58 688>+200%	3 204>+200%	252+15%	44
2023 q3	52 828+14%		-43 683>+200%	7 867<-100%	129-40%	-99-81%
2023 q2	50 472+10%		5 167-56%	3 362-64%	190-67%	-224-78%
2023 q1	60 412+20%		14 952+98%	11 856+123%	293-18%	-319
2022 q4	52 070+3%		1 352-97%	648<-100%	218-9%
2022 q3	46 485+9%		-1 319-97%	-1 865<-100%	217+111%	-529
2022 q2	45 763+8%		11 696+82%	9 340+112%	578>+200%	-996
2022 q1	50 485+3%		7 534-15%	5 328-17%	357>+200%
2021 q4	50 703+6%		40 424+7%	-4 431+85%	239+153%
2021 q3	42 470+12%		-38 621+7%	4 032+162%	103+20%
2021 q2	42 537+16%		6 435+102%	4 401+167%	86-27%
2021 q1	48 996+16%		8 871+39%	6 456+63%	58-34%
2020 q4	47 675		37 614	-2 398	94
2020 q3 ( 11264 , 11265 )	37 794+1%		-36 224<-100%	1 540+92%	86+8%
2020 q2 ( 11261 , 11262 )	36 5460%	4 134-17%	3 193-29%	1 648-28%	119+24%	-1 200-15%
2020 q1	42 075	4 134	6 382	3 965	88	-1 200
2019 q4
2019 q3	37 370		2 720	801	79
2019 q2	36 365	5 009	4 469	2 275	96	-1 410

Balance

Implied interest rate for 2025 q2:
= (PercentLoss - PercentProfit) * (365 / periodLength) / (NetDebt - MinorityInterest)
= (2 607 - 306) * 4 / (62 850 - 0)

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


2025 q2	232 205+4%	521 440+19%	62 850+34%	14.6%	1.01x
2025 q1	233 935+4%	504 081+16%	61 626+37%	9.6%	1.06x
2024 q4	223 191+3%	500 362+20%	54 755+4%	4.5%	1.03x
2024 q3	232 094+9%	457 102+15%	45 833-3%	10.7%	61.27x
2024 q2	223 168+9%	438 712+13%	46 942-3%	3.9%	0.79x
2024 q1	225 138+11%	432 864+12%	45 145-4%	5.1%	0.80x
2023 q4	216 273+14%	418 568+8%	52 859+1%		0.90x
2023 q3	213 067	398 600	47 240	-0.3%	0.85x
2023 q2	205 085+5%	389 937+1%	48 295-25%	0.3%	0.93x
2023 q1	202 261+6%	387 3850%	47 151-34%	0.2%	0.81x
2022 q4	190 343+3%	388 503+2%	52 270-30%		1.03x
2022 q3					0.65x
2022 q2	195 385+5%	386 702+7%	64 195-16%	2.6%	1.44x
2022 q1	191 211+4%	385 812+8%	70 913-11%		1.81x
2021 q4	185 590+5%	382 385+7%	75 017-11%		1.86x
2021 q3	190 152+6%	371 796+4%	73 211-12%
2021 q2	186 084+4%	362 903+3%	76 834-10%		1.96x
2021 q1	184 065	358 831	79 482		2.20x
2020 q4	177 416	357 268	84 142		2.50x
2020 q3 ( 11264 , 11265 )	179 848	356 007	82 743		2.76x
2020 q2 ( 11261 , 11262 )	178 241	351 709	85 535	5.1%	4.06x
2020 q1					6.90x
2019 q4
2019 q3
2019 q2

Cashflow

Q	Operating cashflow	Investing cashflow	Financial cashflow


2025 q2	22 367+43%	-22 240+25%	-429-89%
2025 q1	22 604-6%	-29 617+88%	-560-77%
2024 q4	17 165+7%	-25 695+17%	20 126>+200%
2024 q3	26 880+51%	-18 744+25%	-7 155+26%
2024 q2	15 656+66%	-17 737+67%	-3 861>+200%
2024 q1	24 019+17%	-15 770+28%	-2 446-82%
2023 q4	16 096-25%	-21 954+81%	5 559<-100%
2023 q3	17 769+17%	-15 013+86%	-5 687+21%
2023 q2	9 417-40%	-10 611+15%	-215-98%
2023 q1	20 482+37%	-12 330+18%	-13 706<-100%
2022 q4	21 532+135%	-12 137+9%	-8 100<-100%
2022 q3	15 133+49%	-8 076+35%	-4 719>+200%
2022 q2	15 812+52%	-9 261+53%	-10 045>+200%
2022 q1	14 967+6%	-10 415+16%	120<-100%
2021 q4	9 148-4%	-11 1640%	3 975<-100%
2021 q3	10 173+3%	-5 969-15%	-387-84%
2021 q2	10 427+94%	-6 045+38%	-2 143+68%
2021 q1	14 130+2%	-9 015+52%	-3 814+71%
2020 q4	9 480+36%	-11 135+64%	-4 909>+200%
2020 q3 ( 11264 , 11265 )	9 910	-7 001	-2 369
2020 q2 ( 11261 , 11262 )	5 374-6%	-4 375-20%	-1 275>+200%
2020 q1	13 817	-5 945	-2 228
2019 q4	6 964	-6 794	-1 445
2019 q3
2019 q2	5 737	-5 486	-123

RSBU data *The values are shown in mln. 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 q3	69 832+19%	14 222+45%	14 188+46%	11 927+49%	292+130%	-2 038+33%
2025 q2	60 705+12%	8 788+57%	8 747+57%	7 183+64%	319-12%	-2 900+133%
2025 q1	68 977+7%	13 552+9%	13 527+9%	9 566+18%	615+57%	-2 709+108%
2024 q4	70 288+8%	10 280-10%	10 248-10%	-1 342+11%	520+110%	-1 711>+200%
2024 q3	58 842+12%	9 781+12%	9 750+12%	7 984+1%	127+3%	-1 529>+200%
2024 q2	54 298+8%	5 611+1%	5 581+1%	4 380+149%	361+61%	-1 246>+200%
2024 q1	64 305+7%	12 436-4%	12 406-4%	8 139-26%	392+35%	-1 302+140%
2023 q4	65 308+15%	11 430+95%	11 400+96%	-1 213<-100%	247+18%	-239-50%
2023 q3	52 411+14%	8 709+44%	8 680+44%	7 889>+200%	124-50%	-188-73%
2023 q2	50 103+10%	5 564-19%	5 521-19%	1 759-67%	224-50%	-333-63%
2023 q1	60 185+20%	12 955+117%	12 947+118%	11 006+131%	289-29%	-542-45%
2022 q4	56 813+14%	5 853+29%	5 820+32%	283<-100%	209-16%	-483-39%
2022 q3	45 891+10%	6 041+37%	6 016+40%	1 038-72%	249+106%	-698-13%
2022 q2	45 355+8%	6 830+3%	6 805+6%	5 309+36%	449>+200%	-894+5%
2022 q1	50 225+4%	5 972-26%	5 946-26%	4 774-26%	407>+200%	-987+13%
2021 q4	50 001+6%	4 538-31%	4 405-31%	-2 421-21%	250+197%	-797-10%
2021 q3	41 683+11%	4 421+32%	4 288+34%	3 706+73%	120+49%	-799-23%
2021 q2	41 960+16%	6 626+156%	6 409+169%	3 907>+200%	67-39%	-854-24%
2021 q1	48 325+15%	8 096+43%	8 061+42%	6 450+40%	57-24%	-877-31%
2020 q4	47 249+18%	6 568+28%	6 417+28%	-3 071<-100%	84+12%	-888-31%
2020 q3	37 477-2%	3 347-29%	3 210-30%	2 141-2%	81-3%	-1 044-23%
2020 q2	36 063	2 589	2 381	1 137	110	-1 129
2020 q1	42 011	5 679	5 660	4 592	76	-1 270
2019 q4	40 094	5 129	5 013	2 002	75	-1 280
2019 q3	38 352	4 715	4 602	2 179	84	-1 352

Balance

Implied interest rate for 2025 q3:
= (PercentLoss - PercentProfit) * (365 / periodLength) / (NetDebt - MinorityInterest)
= (2 038 - 292) * 4 / (65 900 - 0)

Q	Total equity	Total assets	Net debt


2025 q3	249 583+9%	570 066+21%	65 900+57%
2025 q2	237 655+7%	547 131+21%	57 436+33%
2025 q1	237 804+6%	528 740+18%	57 527+41%
2024 q4	228 238+6%	525 985+21%	50 759+3%
2024 q3	229 559+6%	470 091+13%	41 908-3%
2024 q2	221 564+6%	452 149+12%	43 098-6%
2024 q1	224 141+8%	447 587+11%	40 827-5%
2023 q4	216 119+10%	433 721+7%	49 126+2%
2023 q3	217 332+8%	417 013+3%	43 168-25%
2023 q2	209 438+5%	405 298+1%	45 809-23%
2023 q1	208 269+4%	403 5390%	42 872-36%
2022 q4	197 2550%	405 260+1%	48 042-32%
2022 q3	201 107+1%	403 695+5%	57 518-17%
2022 q2	200 052+2%	402 328+7%	59 678-18%
2022 q1	199 371+3%	402 368+8%	66 625-11%
2021 q4	196 592+5%	399 320+8%	71 066-11%
2021 q3	199 013+5%	383 993+6%	68 977-12%
2021 q2	195 307	375 173	72 448
2021 q1	193 802	371 280	75 140
2020 q4	187 352	369 911	80 036-8%
2020 q3	190 417	363 463	78 474
2020 q2
2020 q1
2019 q4			87 245
2019 q3

More information for subscribed users:
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Potential and Created Value,
commodities affecting the company