Enhanced Investments - Financial Portal

2025-09-09

#TNSE #reports

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

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2025-09-01

#TGKN #reports

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

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2025-09-01

#ROSN #reports

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

Growth potential increased by 7.0% to -91.7%

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2025-08-30

#MTLR #reports

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

Growth potential decreased by 330.0% to -813.2%

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2025-08-30

#MTLR #reports

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

Growth potential decreased by 329.9% to -813.1%

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2025-08-29

#LSNG #reports

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

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2025-08-29

#MGNT #reports

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

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2025-08-29

#BELU #reports

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

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2025-08-29

#MGNT #reports

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

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2025-08-29

#BELU #reports

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

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2025-08-29

#EELT #reports

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

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2025-08-29

#SVAV #reports

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

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2025-08-29

#OKEY #reports

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

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2025-08-29

#GAZP #reports

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

Growth potential decreased by 27.0% to -142.0%

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2025-08-29

#EELT #reports

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

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2025-08-29

#KMAZ #reports

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

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2025-08-29

#SFIN #reports

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

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2025-08-29

#MVID #reports

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

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2025-08-29

#FESH #reports

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

Growth potential increased by 20.6% to -68.9%

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2025-08-29

#EUTR #reports

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

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2025-08-29

#GCHE #reports

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

Growth potential decreased by 99.9% to -153.3%

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2025-08-29

#FEES #reports

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

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2025-08-29

#TRNFP #reports

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

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2025-08-29

#SPBE #reports

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

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2025-08-29

#NMTP #reports

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

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2025-08-29

#MISB #reports

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

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2025-08-29

#LSRG #reports

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

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2025-08-29

#GCHE #reports

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

Growth potential decreased by 99.9% to -153.3%

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2025-08-29

#FEES #reports

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

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2025-08-29

#RTSB #reports

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

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2025-08-29

#NNSB #reports

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

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2025-08-29

#YRSB #reports

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

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2025-08-29

#UWGN #reports

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

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2025-08-29

#AQUA #reports

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

Growth potential decreased by 48.7% to -96.5%

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2025-08-29

#KBSB #reports

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

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2025-08-29

#UGLD #reports

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

Growth potential decreased by 116.1% to -47.1%

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

2025-08-29

#KAZT #reports

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

Growth potential increased by 33.9% to -84.7%

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

2025-08-29

#AFLT #reports

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

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

2025-08-29

#LKOH #reports

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

Growth potential decreased by 28.8% to -63.2%

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

2025-08-29

#IVAT #reports

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

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

2025-08-29

#LKOH #reports

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

Growth potential decreased by 28.8% to -63.2%

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

2025-08-29

#IVAT #reports

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

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

2025-08-29

#PIKK #reports

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

Growth potential decreased by 90.4% to +11.5%

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

2025-08-29

#SMLT #reports

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

Growth potential increased by 79.9% to -351.4%

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

2025-08-29

#RAGR #reports

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

Growth potential decreased by 65.8% to -169.2%

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

2025-08-29

#RAGR #reports

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

Growth potential decreased by 65.8% to -169.2%

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

2025-08-29

#MDMG #reports

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

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

2025-08-29

#SGZH #reports

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

Growth potential decreased by 23.3% to -368.1%

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

2025-08-29

#OZPH #reports

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

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

2025-08-29

#MSRS #reports

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

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

2025-08-29

#SELG #reports

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

Growth potential decreased by 327.1% to -249.1%

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

2025-08-29

#TTLK #reports

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

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

2025-08-29

#SELG #reports

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

Growth potential decreased by 326.9% to -248.9%

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

2025-08-29

#ROLO #reports

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

Growth potential decreased by 71.4% to -463.8%

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

2025-08-28

#AFKS #reports

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

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

2025-08-28

#ELMT #reports

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

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

2025-08-28

#GEMC #reports

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

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

2025-08-28

#MRKU #reports

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

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

2025-08-28

#PRMD #reports

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

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

2025-08-28

#PRMD #reports

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

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

2025-08-28

#RENI #reports

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

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

2025-08-28

#HYDR #reports

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

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

2025-08-28

#HNFG #reports

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

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

2025-08-28

#FIXP #reports

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

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

2025-08-28

#ASTR #reports

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

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

2025-08-28

#MRKY #reports

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

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

2025-08-27

#SIBN #reports

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

Growth potential increased by 15.3% to -84.2%

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

2025-08-27

#TATN #reports

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

Growth potential decreased by 12.7% to -67.3%

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

2025-08-27

#TATN #reports

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

Growth potential decreased by 12.7% to -67.3%

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

2025-08-27

#NKNC #reports

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

Growth potential decreased by 33.4% to -13.3%

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

2025-08-27

#RNFT #reports

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

Growth potential increased by 50.3% to -93.1%

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

2025-08-27

#ASTR #reports

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

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

2025-08-27

#PLZL #reports

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

Growth potential decreased by 17.7% to -16.2%

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

2025-08-27

#PLZL #reports

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

Growth potential decreased by 17.7% to -16.2%

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

2025-08-27

#MRKZ #reports

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

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

2025-08-27

#WUSH #reports

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

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

2025-08-27

#MRKV #reports

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

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

2025-08-27

#MRKS #reports

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

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

2025-08-27

#MRKS #reports

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

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

2025-08-26

#AKRN #reports

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

Growth potential increased by 6.6% to -30.0%

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

2025-08-26

#VSEH #reports

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

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

2025-08-26

#VSEH #reports

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

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

2025-08-26

#MOEX #reports

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

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

2025-08-26

#ZAYM #reports

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

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

2025-08-22

#CARM #reports

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

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

2025-08-22

#DATA #reports

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

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

2025-08-22

#DELI #reports

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

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

2025-08-22

#BSPB #reports

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

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

2025-08-21

#ENPG #reports

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

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

2025-08-21

#TRMK #reports

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

Growth potential decreased by 20.2% to -229.4%

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

2025-08-21

#MGKL #reports

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

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

2025-08-21

#TRMK #reports

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

Growth potential decreased by 20.2% to -229.4%

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

2025-08-21

#MGKL #reports

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

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

2025-08-20

#NLMK #reports

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

Growth potential decreased by 45.6% to -9.6%

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

2025-08-20

#NLMK #reports

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

Growth potential decreased by 46.3% to -10.2%

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

2025-08-20

#CNRU #reports

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

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

2025-08-20

#CNRU #reports

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

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

2025-08-20

#LEAS #reports

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

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

2025-08-19

#MTSS #reports

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

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

2025-08-19

#MBNK #reports

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

General information

Dividend yield for the last twelve months 0.0%
Share price is 218.9% higher than minimum and 26.5% lower than maximum for the last 3 years
The company is overvalued by P/E LTM multiple compared to target level (42.1x vs
)

Key Financials (Download financials)

Ticker: SPBE

Share price, RUB: (-1.2%)236.6

year average price 198.12

year start price 114.50 2024-09-17

min close price 109.30 2024-10-28

max close price 321.90 2025-02-25

current price 239.70 2025-09-16

Common stocks: 114 090 000

Dividend Yield: 0.0%

P / E LTM: 42.1x

P / E annualized: 155.1x

Target P/E (hist percentile):

P/E mutiple calculation

Market Cap (m RUB): 26 994

Net Profit (m RUB): 641

P / E LTM: 42.1x

Average daily trading volume for the week, RUB mln: 974

P / E 42.1x

P / E ann-d154.9x

P / B 1.3x

Рассчитаны в тестовом режиме, annualized:

ROE (Return on equity) 0.8%

ROA (Return on assets) 0.2%

Revenue and Net Income

Semi-Annual values (m RUB)

Change (y/y)

Share price and dividends (Download history)

Share price

Payment RUB per share

Multiple and potential

EV / LTM Net Income 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 (financial)

формула расчета Revenue = PercentIncomeNet + CommissionIncome

Q	PercentIncome	PercentExpense	PercentIncomeNet	ReserveForCreditLoss	PercentIncomeNetAfterReserve	CommissionIncome	Revenue	CommissionExpense	CommissionIncomeNet	OperationsWithFinancialInstruments	OtherOperatingIncomeNet	IncomeNonCoreNet	AdministrativeExpense	IncomeBeforeTax	IncomeTax	IncomeNet	IncomeNetRegular	IncomeNetIrregular


2025 H1	1 776+30%	-278+34%	1 498+30%			236+104%	1 734+36%	236+104%	-284>+200%	44-93%	-1 562+11%	39-91%		87-83%	727+39%	-640>+200%
2024 H2	1 454-13%	-257-33%	1 198-7%	-123-87%	1 075>+200%	203-68%	1 401-27%	203-68%	-969+88%	-101-66%	-1 533-13%	469-1%		554>+200%	1 679>+200%	-1 125+163%
2024 H1	1 364+50%	-208-25%	1 156+82%	-72-56%	1 084+130%	116-86%	1 272-13%	116-86%	-11<-100%	666+13%	-1 407-18%	449-44%		512-17%	524>+200%	-12<-100%
2023 H2 ( 8523 , 9046 )	1 667+72%	-385+16%	1 282+101%	-978>+200%	304-46%	627-17%	1 909+37%	627-17%	-515<-100%	-300+11%	-1 752-19%	473-70%	-415-1%	58-95%	486<-100%	-428<-100%
2023 H1 ( 6803 , 9047 )	911-26%	-276+25%	635-37%	-164+78%	471-49%	823-55%	1 458-48%	823-55%	628+128%	589<-100%	-1 713-12%	797-23%	-177-33%	620-20%	132-77%	488+139%
2022 H2	969+170%	-331>+200%	638+102%	-69+37%	569+114%	755-75%	1 393-59%	755-75%	1 874>+200%	-270<-100%	-2 169>+200%	1 572<-100%	-417+47%	1 155<-100%	-227-84%	1 382>+200%
2022 H1	1 235>+200%	-220>+200%	1 015>+200%	-93>+200%	922>+200%	1 816-40%	2 831-11%	1 816-40%	275<-100%	-23<-100%	-1 953+30%	1 037-45%	-266-32%	771-49%	567-63%	204<-100%
2021 H2	359+125%	-43+56%	316+140%	-50+191%	265+132%	3 074+62%	3 390+67%	3 074+62%	299>+200%	406>+200%	-703+136%	-1 030<-100%	-284+20%	-1 314<-100%	-1 389<-100%	75+33%
2021 H1	206+71%	-39+47%	167+78%	-5<-100%	162+58%	3 023>+200%	3 190>+200%	3 023>+200%	-19<-100%	215>+200%	-1 506+149%	1 895>+200%	-394>+200%	1 501>+200%	1 515>+200%	-15<-100%
2020 H2	159+3%	-28-44%	132+26%	-17>+200%	114+12%	1 901<-100%	2 032<-100%	1 901<-100%	71>+200%	94<-100%	-298<-100%	1 167<-100%	-237<-100%	929<-100%	873>+200%	57<-100%
2020 H1	120>+200%	-26>+200%	94>+200%	9<-100%	102>+200%	869-5%	962+4%	869-5%	21>+200%	40-13%	-605-10%	429+32%	-90+37%	340+31%	323+26%	16>+200%
2019 H2	154>+200%	-49<-100%	105>+200%	-2-63%	103<-100%	-374<-100%	-270<-100%	-374<-100%	2<-100%	-51<-100%	19<-100%	-324>+200%	58	-265	16	0
2019 H1	16>+200%	-1+37%	16>+200%	-1>+200%	14>+200%	914>+200%	929>+200%	914>+200%	3-68%	46<-100%	-675>+200%	325<-100%	-65	259>+200%	257	2
2018 H2	2-60%	0<-100%	3-50%	-6	-3<-100%	65+121%	68+94%	65+121%	-166<-100%	6+65%	-126+39%	-39-21%
2018 H1	1-76%	-1+198%	1-87%	0	0-92%	30+79%	31+38%	30+79%	10>+200%	-2<-100%	-84+20%	-33-25%		1<-100%
2017 H2	6+16%	0<-100%	5+11%		6+33%	29+99%	35+77%	29+99%	221>+200%	4-93%	-91+83%	-49+63%		2<-100%	0<-100%	2+18%
2017 H1	6+6%	0-38%	6+9%		6+12%	17+50%	23+37%	17+50%	0-99%	0<-100%	-70+27%	-44+7%		-3+8%	-3+6%	0<-100%
2016 H2	5-12%	0<-100%	5-9%		4-23%	15+23%	20-29%	15+23%	33+100%	56<-100%	-50-26%	-30-34%		-1<-100%	-2	2
2016 H1	6-25%	0	5-30%		5-30%	11+10%	16+123%	11+10%	1<-100%	-55-3%	-55-3%	-41+8%		-3<-100%	-3	0
2015 H2	5-45%	0-71%	5-44%		5-43%	12+38%	28+52%	12+38%	0+100%	-124<-100%	-67+61%	-45+102%		4>+200%
2015 H1	7-30%		7-30%		7-30%	10>+200%	7-38%	10>+200%	-3	-57>+200%	-57>+200%	-38<-100%		1<-100%
2014 H2	10+90%	0	9+82%		9+82%	9>+200%	18+145%	9>+200%	-2	17<-100%	-41>+200%	-23>+200%		1<-100%	0	0
2014 H1	11		11		11	1	12	1		-17	-17	71		0
2013 H2	5+16%		5+16%		5	2+51%	7+25%	2+51%		-12	-12-14%	-5+80%		-4+75%
2012 H2	4		4			1	6	1			-14	-3		-2

Balance

Q	Total equity	Total assets	PortfolioCredit	PortfolioBonds	Deposits


2025 H1	21 121+3%	80 618-21%	6 706-33%	51
2024 H2	20 620+2%	90 162-20%	9 542+21%
2024 H1	20 498+3%	102 189-8%	10 031+116%
2023 H2 ( 8523 , 9046 )	20 186+4%	112 858	7 855
2023 H1 ( 6803 , 9047 )	19 979+3%	111 571	4 646
2022 H2	19 381+10%
2022 H1	19 381>+200%
2021 H2	17 555>+200%	42 337+131%	2 562>+200%
2021 H1	4 441+102%	39 043>+200%	1 192
2020 H2	3 037>+200%	18 327>+200%	751
2020 H1	2 204>+200%	9 903>+200%
2019 H2	437+6%	3 347+87%
2019 H1	433-4%	1 408+5%
2018 H2	411-33%	1 786+74%
2018 H1	450+27%	1 337+88%
2017 H2	614-12%	1 027+48%
2017 H1	3550%	711+8%	106+46%
2016 H2	695+86%	695+7%	114+60%
2016 H1	3570%	661+8%	72+1%
2015 H2	373-20%	650	71
2015 H1	356-24%	612	71-5%
2014 H2	468>+200%
2014 H1	468		75
2013 H2	146	415
2012 H2

Cashflow

Q	Operating cashflow	Investing cashflow	Financial cashflow


2025 H1
2024 H2	-17 359<-100%
2024 H1	-2 837-2%	-1 589>+200%	-10-75%
2023 H2 ( 8523 , 9046 )	5 179<-100%	-3 097>+200%	-534>+200%
2023 H1 ( 6803 , 9047 )	-2 894+132%	-153-66%	-41>+200%
2022 H2	-4 053>+200%	-578-35%	-55<-100%
2022 H1	-1 245<-100%	-450	-3
2021 H2	-1<-100%	-890>+200%	5 990>+200%
2021 H1	16 661>+200%
2020 H2	4 750	-228	409
2020 H1	2 980
2019 H2
2019 H1
2018 H2
2018 H1		-24<-100%
2017 H2	-96<-100%	0-94%	17+29%
2017 H1	-8>+200%	0<-100%
2016 H2	3<-100%	-6-59%	14+39%
2016 H1	0<-100%	27+11%	20<-100%
2015 H2	-27-87%	-15<-100%	10<-100%
2015 H1	22<-100%	25-91%	-2
2014 H2	-208>+200%	133<-100%	-3
2014 H1	-104	289
2013 H2	-9-30%	-127<-100%
2012 H2	-13	6

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

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Income

Q	Revenue	Net income


2025 q2		-143-72%
2024 q4		1 306<-100%
2024 q3		-659+8%
2024 q2		-504<-100%
2024 q1 ( 8575 , 9053 )		-153-19%
2023 q4 ( 7835 , 9045 )		-442
2023 q3		-612
2023 q2		717
2023 q1		-188
2022 q4

Balance

Q	Total equity	Total assets	PortfolioCredit	PortfolioBonds	Deposits


2025 q2	0<-100%
2024 q4
2024 q3	-2 205
2024 q2	14 494
2024 q1 ( 8575 , 9053 )	14 999-1%
2023 q4 ( 7835 , 9045 )
2023 q3
2023 q2
2023 q1	15 172
2022 q4

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