Severstal Income Statement

Financials in millions RUB. Fiscal year is January - December.

Millions RUB. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	679,474	712,896	829,779	728,314	682,226	873,316
Revenue Growth (YoY)	-17.12%	-14.09%	13.93%	6.76%	-21.88%	71.90%
Cost of Revenue	495,464	507,353	530,452	413,065	407,184	369,197
Gross Profit	184,010	205,543	299,327	315,249	275,042	504,119
Selling, General & Admin	92,384	91,565	88,751	71,837	78,391	78,192
Other Operating Expenses	24,214	23,207	16,089	22,313	24,727	22,812
Operating Expenses	116,842	115,016	106,051	94,150	103,440	101,079
Operating Income	67,168	90,527	193,276	221,099	171,602	403,040
Interest Expense	-16,305	-19,611	-24,895	-16,641	-8,311	-10,431
Interest & Investment Income	18,609	18,609	29,589	13,938	5,749	600.32
Earnings From Equity Investments	1,811	1,711	479	1,490	1,517	3,077
Currency Exchange Gain (Loss)	-14,605	-11,257	-5,976	34,814	21,470	-4,502
Other Non Operating Income (Expenses)	-11,167	-8,016	-8,466	-3,944	-1,714	-11,481
EBT Excluding Unusual Items	45,511	71,963	184,007	250,756	190,313	380,303
Gain (Loss) on Sale of Assets	-1,561	-2,252	-2,732	-6,680	-8,342	-1,651
Asset Writedown	-32,091	-32,367	60	260	-47,720	-1,426
Legal Settlements	-	-	7,805	-8,700	-	-
Pretax Income	11,859	37,344	189,140	235,636	134,251	377,226
Income Tax Expense	883	5,353	39,586	44,729	28,453	71,438
Earnings From Continuing Operations	10,976	31,991	149,554	190,907	105,798	305,788
Net Income to Company	10,976	31,991	149,554	190,907	105,798	305,788
Minority Interest in Earnings	-7	-3	2	-14	-79	-75.04
Net Income	10,969	31,988	149,556	190,893	105,719	305,713
Net Income to Common	10,969	31,988	149,556	190,893	105,719	305,713
Net Income Growth	-91.16%	-78.61%	-21.65%	80.57%	-65.42%	306.89%
Shares Outstanding (Basic)	838	838	838	838	838	834
Shares Outstanding (Diluted)	838	838	838	838	838	834
Shares Change (YoY)	-	-	-	-	0.48%	1.09%
EPS (Basic)	13.09	38.17	178.47	227.80	126.16	366.56
EPS (Diluted)	13.09	38.17	178.47	227.80	126.16	366.20
EPS Growth	-91.16%	-78.61%	-21.65%	80.57%	-65.55%	302.60%
Free Cash Flow	-44,405	-41,854	72,515	110,463	155,110	270,744
Free Cash Flow Per Share	-52.99	-49.95	86.53	131.82	185.09	324.63
Dividend Per Share	-	-	-	191.510	-	-
Gross Margin	27.08%	28.83%	36.07%	43.29%	40.31%	57.73%
Operating Margin	9.88%	12.70%	23.29%	30.36%	25.15%	46.15%
Profit Margin	1.61%	4.49%	18.02%	26.21%	15.50%	35.01%
Free Cash Flow Margin	-6.54%	-5.87%	8.74%	15.17%	22.74%	31.00%
EBITDA	110,115	131,550	231,511	255,653	207,381	441,235
EBITDA Margin	16.21%	18.45%	27.90%	35.10%	30.40%	50.52%
D&A For EBITDA	42,947	41,023	38,235	34,554	35,779	38,195
EBIT	67,168	90,527	193,276	221,099	171,602	403,040
EBIT Margin	9.88%	12.70%	23.29%	30.36%	25.15%	46.15%
Effective Tax Rate	7.45%	14.33%	20.93%	18.98%	21.19%	18.94%
Revenue as Reported	712,896	712,896	829,779	728,314	682,226	873,316

Source: S&P Global Market Intelligence. Standard template. Financial Sources.