Enhanced Investments - Financial Portal

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

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2025-08-29

#MISB #reports

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

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2025-08-29

#LSRG #reports

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

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2025-08-29

#GCHE #reports

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

Growth potential decreased by 99.9% to -153.3%

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2025-08-29

#FEES #reports

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

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2025-08-29

#RTSB #reports

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

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2025-08-29

#NNSB #reports

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

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2025-08-29

#YRSB #reports

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

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2025-08-29

#UWGN #reports

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

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2025-08-29

#AQUA #reports

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

Growth potential decreased by 48.7% to -96.5%

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2025-08-29

#KBSB #reports

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

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

2025-08-29

#UGLD #reports

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

Growth potential decreased by 116.1% to -47.1%

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

2025-08-29

#KAZT #reports

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

Growth potential increased by 33.9% to -84.7%

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

2025-08-29

#AFLT #reports

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

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

2025-08-29

#LKOH #reports

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

Growth potential decreased by 28.8% to -63.2%

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

2025-08-29

#IVAT #reports

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

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

2025-08-29

#LKOH #reports

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

Growth potential decreased by 28.8% to -63.2%

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

2025-08-29

#IVAT #reports

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

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

2025-08-29

#PIKK #reports

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

Growth potential decreased by 90.4% to +11.5%

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

2025-08-29

#SMLT #reports

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

Growth potential increased by 79.9% to -351.4%

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

2025-08-29

#RAGR #reports

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

Growth potential decreased by 65.8% to -169.2%

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

2025-08-29

#RAGR #reports

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

Growth potential decreased by 65.8% to -169.2%

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

2025-08-29

#MDMG #reports

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

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

2025-08-29

#SGZH #reports

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

Growth potential decreased by 23.3% to -368.1%

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

2025-08-29

#OZPH #reports

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

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

2025-08-29

#MSRS #reports

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

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

2025-08-29

#SELG #reports

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

Growth potential decreased by 327.1% to -249.1%

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

2025-08-29

#TTLK #reports

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

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

2025-08-29

#SELG #reports

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

Growth potential decreased by 326.9% to -248.9%

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

2025-08-29

#ROLO #reports

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

Growth potential decreased by 71.4% to -463.8%

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

2025-08-28

#AFKS #reports

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

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

2025-08-28

#ELMT #reports

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

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

2025-08-28

#GEMC #reports

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

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

2025-08-28

#MRKU #reports

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

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

2025-08-28

#PRMD #reports

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

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

2025-08-28

#PRMD #reports

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

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

2025-08-28

#RENI #reports

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

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

2025-08-28

#HYDR #reports

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

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

2025-08-28

#HNFG #reports

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

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

2025-08-28

#FIXP #reports

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

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

2025-08-28

#ASTR #reports

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

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

2025-08-28

#MRKY #reports

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

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

2025-08-27

#SIBN #reports

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

Growth potential increased by 15.3% to -84.2%

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

2025-08-27

#TATN #reports

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

Growth potential decreased by 12.7% to -67.3%

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

2025-08-27

#TATN #reports

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

Growth potential decreased by 12.7% to -67.3%

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

2025-08-27

#NKNC #reports

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

Growth potential decreased by 33.4% to -13.3%

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

2025-08-27

#RNFT #reports

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

Growth potential increased by 50.3% to -93.1%

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

2025-08-27

#ASTR #reports

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

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

2025-08-27

#PLZL #reports

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

Growth potential decreased by 17.7% to -16.2%

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

2025-08-27

#PLZL #reports

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

Growth potential decreased by 17.7% to -16.2%

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

2025-08-27

#MRKZ #reports

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

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

2025-08-27

#WUSH #reports

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

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

2025-08-27

#MRKV #reports

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

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

2025-08-27

#MRKS #reports

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

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

2025-08-27

#MRKS #reports

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

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

2025-08-26

#AKRN #reports

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

Growth potential increased by 6.6% to -30.0%

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

2025-08-26

#VSEH #reports

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

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

2025-08-26

#VSEH #reports

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

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

2025-08-26

#MOEX #reports

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

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

2025-08-26

#ZAYM #reports

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

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

2025-08-22

#CARM #reports

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

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

2025-08-22

#DATA #reports

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

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

2025-08-22

#DELI #reports

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

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

2025-08-22

#BSPB #reports

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

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

2025-08-21

#ENPG #reports

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

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

2025-08-21

#TRMK #reports

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

Growth potential decreased by 20.2% to -229.4%

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

2025-08-21

#MGKL #reports

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

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

2025-08-21

#TRMK #reports

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

Growth potential decreased by 20.2% to -229.4%

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

2025-08-21

#MGKL #reports

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

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

2025-08-20

#NLMK #reports

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

Growth potential decreased by 45.6% to -9.6%

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

2025-08-20

#NLMK #reports

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

Growth potential decreased by 46.3% to -10.2%

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

2025-08-20

#CNRU #reports

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

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

2025-08-20

#CNRU #reports

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

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

2025-08-20

#LEAS #reports

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

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

2025-08-19

#MTSS #reports

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

General information

Largest gold producer with solid corporate governance and annually increasing gold output. The richest (in terms of grade) Olimpiada deposit is showing decreasing output recently, which can lead to increase of cash cost per ounce

Current market environment: positive. Prices of production are 19.4% higher compared to the last 12 months (LTM)
Prices of production are at 99.9% percentile over the past 5 years, adjusted for inflation (are close to maximum)
Dividend yield for the last twelve months 6.2%
Free cash flow yield 5.4% (LTM), projected 3.8%
Share of USD-denominated sales in revenue of the company (estimate) ≈ 100.0%
Share price is 367.2% higher than minimum and 0.4% lower than maximum for the last 3 years
The company is undervalued by EV / LTM EBITDA multiple compared to target level (5.2x vs
)
The company is overvalued by EV / projected EBITDA multiple compared to target level (
vs
)
Taking into account the impact of the key rate 17.0% on the change in financial parameters: EBITDA adjustment is -25 399 mln rub as NetDebt * (current key rate - normalized 7%) / 2, expected EBITDA adjusted for key rate increases is 452 631 mln rub, expected mult is 6.0x, target mult is 5.7x, potential is -5.9%

Key Financials (Download financials)

Ticker: PLZL

Share price, RUB: (-0.1%)2335

year average price 1725

year start price 1305 2024-09-18

min close price 1302 2024-10-09

max close price 2344 2025-09-15

current price 2334 2025-09-17

Common stocks: 946 250 000

Dividend Yield: 6.2%

FCF Yield LTM / expected: 5.4% / 3.8%

EV / LTM EBITDA:5.2x

EV / EBITDA annualized: 6.6x

Production prices change from LTM: 19.4%

EV / projected EBITDA:

Target EV / EBITDA (hist percentile):

Express share price potential:

EV / LTM EBITDA mutiple calculation

Market Cap (m RUB): 2 209 494

Net Debt (m RUB): 506 098

EV (Enterprise Value): 2 715 592

EBITDA LTM (m RUB): 522 575

Net Income LTM (m RUB): 328 464

EV / LTM EBITDA: 5.2x

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

Average daily trading volume for the week, RUB mln: 2189

P / E 6.7x

P / E ann-d6.4x

P / B 9.5x

EBITDA margin ann-d 66.2%

Net income margin ann-d 55.7%

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 RUB The % change shows the difference from the same period last year

View as Pivot Table Export as Pivot Table (xlsx)

Income

Q	Revenue	Gross profit	Operating income	Net income	PercentProfit	PercentLoss


2025 q2	154 897+25%	109 510+23%	92 169+16%	86 245+20%	4 451+41%
2025 q1	154 897+25%	109 510+23%	92 169+16%	86 245+20%	4 451+41%
2024 q4 ( 9360 , 9836 )	223 306+81%	146 097+70%	123 815+67%	77 988+80%	6 242>+200%
2024 q3	223 306+58%	146 097+70%	123 815+67%	77 988+80%	6 242>+200%
2024 q2	124 079+36%	89 272+41%	79 580+51%	71 576>+200%	3 159+199%	-13 670>+200%
2024 q1	124 079+33%	89 272+40%	79 580+50%	71 576>+200%	3 159+196%
2023 q4	123 296+67%	86 002+114%	74 191+134%	43 401+112%	1 309+145%	-6 930+131%
2023 q3	141 663+91%	86 002+114%	74 191+134%	43 401+112%	1 309+145%
2023 q2	90 987+25%	63 373+28%	52 847+26%	21 187-58%	1 057+145%	-3 671+14%
2023 q1	93 140+28%	63 724+29%	52 882+26%	21 187-58%	1 067+147%
2022 q4	74 049-21%	40 229-38%	31 713-42%	20 447-46%	535+65%	-2 997-34%
2022 q3	74 049-28%	40 229-43%	31 713-49%	20 447-58%	535+88%
2022 q2	72 983-21%	49 344-24%	42 054-24%	50 191+6%	432+80%	-3 208-14%
2022 q1	72 983-5%	49 344-8%	42 054-8%	50 508+50%	432+107%
2021 q4	93 800-18%	64 820-23%	54 435-23%	37 650-40%	324+15%	-4 566+27%
2021 q3	102 784-4%	70 408-10%	61 944-12%	48 770+27%	285-1%	-3 295-26%
2021 q2	92 010+11%	64 639+9%	55 505+10%	47 354-4%	240-21%	-3 714-9%
2021 q1	76 584+30%	53 441+35%	45 607+39%	33 647<-100%	208-70%	-3 817-21%
2020 q4	114 034+40%	83 704+53%	70 480+53%	62 666+42%	281-69%	-3 587-9%
2020 q3	107 486+55%	78 565+80%	70 326+84%	38 342+99%	287-61%	-4 459+7%
2020 q2	83 159+44%	59 179+62%	50 392+55%	49 336+84%	304-59%	-4 092-1%
2020 q1	58 999+20%	39 669+32%	32 867+27%	-27 716<-100%	697+4%	-4 846+18%
2019 q4	81 647+58%	54 695+73%	45 972+88%	44 167<-100%	919+63%	-3 942+1%
2019 q3	69 189+26%	43 635+27%	38 137+31%	19 226+99%	732+65%	-4 180+29%
2019 q2	57 660+33%	36 454+26%	32 440+33%	26 796>+200%	749+177%	-4 127+64%
2019 q1	49 264+40%	30 125+35%	25 810+38%	34 780+152%	672+71%	-4 124+35%
2018 q4	51 610+19%	31 701+12%	24 397+8%	-2 006<-100%	563+72%	-3 916+38%
2018 q3	54 794+25%	34 477+25%	29 141+21%	9 645-56%	443+32%	-3 243+29%
2018 q2	43 224+21%	28 862+29%	24 313+31%	7 838+35%	270-31%	-2 511-2%
2018 q1	35 064-2%	22 307+2%	18 750-3%	13 789-53%	392-38%	-3 058-17%
2017 q4 ( 1895 , 1896 )	43 392+3%	28 328+12%	22 646+4%	15 489-56%	327-51%	-2 842+10%
2017 q3	43 816-4%	27 688-4%	24 142-7%	21 742-15%	335-51%	-2 512+33%
2017 q2	35 774-5%	22 336-5%	18 521-12%	5 801-57%	394-45%	-2 565-3%
2017 q1	35 701-6%	21 942-11%	19 390-13%	29 159+36%	637+1%	-3 692+53%
2016 q4	42 084	25 238	21 724	34 881	670	-2 572
2016 q3	45 661+14%	28 859+18%	25 982+10%	25 446+92%	684-34%	-1 890>+200%
2016 q2	37 616+29%	23 622+36%	20 931+36%	13 549-20%	717-28%	-2 653+135%
2016 q1	37 912+30%	24 627+42%	22 179+44%	21 387+26%	631	-2 411
2015 q4
2015 q3	40 021	24 433	23 638	13 266	1 043	-407
2015 q2	29 234+66%	17 307+157%	15 401>+200%	17 011>+200%	1 001>+200%	-1 131>+200%
2015 q1	29 234+66%	17 307+157%	15 401>+200%	17 011>+200%
2014 q2	17 617+11%	6 730+3%	4 939<-100%	4 487<-100%	2-99%	-170+168%
2014 q1	17 617+11%	6 730+3%	4 939<-100%	4 487<-100%	209
2013 q2	15 874-11%	6 562-34%	-2 738<-100%	-5 786<-100%	273	-64-16%
2013 q1	15 874	6 562	-2 738	-5 786		-64
2012 q2	17 786	9 874	8 529	5 545		-76
2011 q4	18 747+39%	9 319+48%	6 544+55%	4 354+59%		-557+69%
2011 q3	18 747	9 319	6 544	4 354		-557
2010 q4	13 462	6 311	4 211	2 744		-329

Balance

Implied interest rate for 2024 q2:
= (PercentLoss - PercentProfit) * (365 / periodLength) / (NetDebt - MinorityInterest)
= (13 670 - 3 159) * 4 / (544 258 - 433)

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


2025 q2	232 283+168%	1 164 004+23%	506 098-7%		0.97x
2025 q1					1.11x
2024 q4 ( 9360 , 9836 )	127 015<-100%	1 151 895+38%	628 679-4%		1.27x
2024 q3					1.35x
2024 q2	86 756-79%	943 026+18%	544 258>+200%	7.7%	1.47x
2024 q1					1.74x
2023 q4	-56 156<-100%	832 800+19%	655 480>+200%	3.4%	2.07x
2023 q3					0.63x
2023 q2	413 949+15%	800 003+31%	160 788+18%	6.5%	0.83x
2023 q1					0.88x
2022 q4	372 989+43%	699 209+17%	156 586-4%	6.3%	0.94x
2022 q3					0.76x
2022 q2	360 893+73%	609 513+9%	136 331-20%	8.2%	0.60x
2022 q1					0.63x
2021 q4	259 978+44%	595 137+10%	162 963-14%	10.5%	0.68x
2021 q3	221 300+56%	586 373+6%	141 247-28%	8.7%	0.56x
2021 q2	208 122+23%	559 111+5%	170 378-7%	8.2%	0.65x
2021 q1	214 815+128%	567 883+3%	165 391-35%	9.1%	0.63x
2020 q4	180 660+53%	538 877+5%	190 009-9%	7.2%	0.76x
2020 q3	142 315+93%	554 608+14%	194 984-11%	9.0%	0.87x
2020 q2	169 222+123%	530 819+16%	183 376-22%	8.6%	0.96x
2020 q1	94 249+39%	550 731+19%	255 355+27%	6.7%	1.48x
2019 q4	118 441>+200%	515 480+23%	209 750-5%	5.9%	1.31x
2019 q3	73 784+128%	486 238+18%	220 286+8%	6.5%	1.54x
2019 q2	75 851+90%	457 280+17%	235 110+14%	5.9%	1.77x
2019 q1	68 023+32%	464 055+23%	200 603+11%	7.1%	1.65x
2018 q4	31 132-18%	418 278+13%	220 363+21%	6.3%	1.97x
2018 q3	32 337+44%	411 692+17%	204 239+8%	5.6%	1.91x
2018 q2	39 908>+200%	390 067+4%	206 353+10%	4.5%	2.05x
2018 q1	51 617>+200%	376 254+13%	181 4010%	6.0%	1.92x
2017 q4 ( 1895 , 1896 )	37 781-89%	371 341+8%	182 555-9%	5.7%	1.92x
2017 q3	22 428<-100%	350 456+8%	188 588-10%	4.8%	2.01x
2017 q2	12 109<-100%	373 731+18%	187 422-11%	4.8%	1.96x
2017 q1	3 728-99%	334 184-3%	181 749	6.9%	2.43x
2016 q4	343 696-8%	343 696-8%	201 715	3.8%	3.82x
2016 q3	-59 919<-100%	325 993-12%	209 984	2.4%	7.32x
2016 q2	-67 040<-100%	317 114+10%	210 372	3.8%
2016 q1	343 696	343 696
2015 q4	372 423	372 423
2015 q3	372 423	372 423
2015 q2	135 216-6%	288 292+34%
2015 q1
2014 q2	143 647+15%	215 463+35%	11 511	7.4%
2014 q1
2013 q2	124 929-27%	160 092-6%
2013 q1
2012 q2	171 120	171 120
2011 q4	90 921	135 515	10 056	89.2%
2011 q3
2010 q4

Cashflow

Q	Operating cashflow	Investing cashflow	Financial cashflow


2025 q2	142 081+77%
2025 q1	142 081+77%
2024 q4 ( 9360 , 9836 )	98 436+21%
2024 q3	98 436+21%
2024 q2	80 048+60%
2024 q1	80 048+60%
2023 q4	81 472+119%
2023 q3	81 472+119%
2023 q2	50 147+40%
2023 q1	50 147+40%
2022 q4	37 187-39%
2022 q3	37 187-46%
2022 q2	35 810-38%
2022 q1	35 810-38%
2021 q4	60 712-24%
2021 q3	68 890-13%
2021 q2	57 345+9%
2021 q1	58 220+44%
2020 q4	79 806+59%
2020 q3	78 842+81%
2020 q2	52 615+65%
2020 q1	40 407+34%		-15 819<-100%
2019 q4	50 240+60%
2019 q3	43 571+37%
2019 q2	31 983+30%
2019 q1	30 133+62%		25 941
2018 q4	31 415+38%
2018 q3	31 781+40%
2018 q2	24 669
2018 q1	18 651
2017 q4 ( 1895 , 1896 )	22 759-5%	-1 678-2%
2017 q3	22 759	-1 678
2017 q2
2017 q1
2016 q4	23 931	-1 714
2016 q3
2016 q2
2016 q1
2015 q4
2015 q3
2015 q2
2015 q1
2014 q2	6 677+119%		7 408>+200%
2014 q1	6 677+119%		7 408>+200%
2013 q2	3 051-62%	2 556+100%	737-89%
2013 q1	3 051	2 556	737
2012 q2	7 995	1 281	6 732
2011 q4	5 972+74%
2011 q3	5 972
2010 q4	3 428

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

View as Pivot Table Export as Pivot Table (xlsx)

Income

Q	Revenue	Gross profit	Operating income	Net income	PercentProfit	PercentLoss


2025 q2		-164+133%	-2 094<-100%	2 570+56%	-1 700+5%
2025 q1		-82+53%	96 251>+200%	2 161+35%	-1 793+17%
2024 q4	00%	-132+57%	702 445>+200%	2 557+74%	-2 029+40%
2024 q3	00%	-99+56%	1 979<-100%	2 180+46%	-2 129+45%
2024 q2	00%	-70-32%	292<-100%	1 643+16%	-1 625+17%
2024 q1	00%	-54-9%	1 429<-100%	1 599+47%	-1 528+43%
2023 q4	00%	-84-1%	1 485<-100%	1 474+95%	-1 452+89%
2023 q3	00%	-63+18%	-2-97%	1 494>+200%	-1 472+199%
2023 q2	00%	-103-19%	-58-83%	1 418>+200%	-1 394>+200%
2023 q1	00%	-59-62%	-13-48%	1 087+197%	-1 069+193%
2022 q4	00%	-84-61%	-240 927<-100%	757+94%	-767+106%
2022 q3	00%	-54-64%	-69<-100%	414+2%	-492+19%
2022 q2	00%	-127-30%	-337<-100%	391-51%	-369-55%
2022 q1	00%	-157+12%	-25-57%	366-58%	-365-55%
2021 q4	00%	-218-6%	2 041<-100%	391	-373
2021 q3	00%	-150+44%	36 792+33%	406	-413
2021 q2	00%	-181+86%	46 522<-100%	804	-821
2021 q1	00%	-140+72%	-58<-100%	878	-813
2020 q4	0	-232	631 391
2020 q3	00%	-104+25%	27 674+24%
2020 q2	00%	-97-8%	-559<-100%
2020 q1	00%	-81-24%	1 453+80%
2019 q3	00%	-83-1%	22 233+45%
2019 q2	00%	-106-20%	13 971-21%
2019 q1	00%	-107+78%	809>+200%
2018 q3	0	-84	15 286
2018 q2	0	-133	17 624
2018 q1	0	-60	186

Balance

Implied interest rate for 2025 q2:
= (PercentLoss - PercentProfit) * (365 / periodLength) / (NetDebt - MinorityInterest)
= (1 700 - 2 570) * 4 / (133 896 - 0)

Q	Total equity	Total assets	Net debt


2025 q2	1 855 019+71%	2 012 643+34%	133 896-5%
2025 q1	1 956 444+81%	2 113 080+46%	139 067+48%
2024 q4	1 860 192+72%	2 046 121+43%	150 460+90%
2024 q3	1 084 1780%	1 514 064>+200%	153 774+51%
2024 q2	1 082 1120%	1 497 372+5%	141 344+47%
2024 q1	1 081 8190%	1 450 720+2%	94 002+3%
2023 q4	1 080 3900%	1 434 405+3%	79 040+21%
2023 q3	1 079 181-18%	436 502-74%	101 924>+200%
2023 q2	1 079 152-18%	1 429 613-13%	96 146>+200%
2023 q1	1 079 210-18%	1 424 575-14%	91 703>+200%
2022 q4	1 079 223-18%	1 396 114-15%	65 374>+200%
2022 q3	1 320 1300%	1 688 483+2%	19 967+5%
2022 q2	1 320 2000%	1 651 3450%	19 427+2%
2022 q1	1 320 5190%	1 652 0710%	19 464+2%
2021 q4	1 320 544	1 651 736	19 090+26%
2021 q3	1 320 544	1 651 736	19 090+26%
2021 q2	1 320 544	1 651 736	19 090+26%
2021 q1	1 320 544	1 651 736	19 090+26%
2020 q4			15 112
2020 q3			15 112-43%
2020 q2			15 112-43%
2020 q1			15 112-43%
2019 q3			26 377+149%
2019 q2			26 377+149%
2019 q1			26 377+149%
2018 q3			10 611
2018 q2			10 611
2018 q1			10 611

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