Mining and Metallurgical Company Norilsk Nickel (MOEX:GMKN)

MOEX:GMKN Balance Sheet

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

Assets

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Cash & Equivalents	1,917	2,106	1,822	2,139	1,882	5,547
Cash & Short-Term Investments	1,917	2,106	1,822	2,139	1,882	5,547
Cash Growth	-8.97%	15.59%	-14.82%	13.66%	-66.07%	6.86%
Accounts Receivable	1,602	908	1,207	557	596	297
Other Receivables	548	616	463	635	734	777
Receivables	2,150	1,524	1,670	1,192	1,330	1,074
Inventory	4,174	3,894	3,114	3,817	4,945	3,026
Other Current Assets	166	208	239	194	246	223
Total Current Assets	8,407	7,732	6,845	7,342	8,403	9,870
Property, Plant & Equipment	23,047	22,091	15,261	15,181	16,264	12,699
Long-Term Investments	384	351	181	76	8	17
Other Intangible Assets	292	280	206	238	302	265
Long-Term Deferred Tax Assets	506	388	328	335	340	167
Other Long-Term Assets	398	414	349	408	478	417
Total Assets	33,034	31,256	23,170	23,580	25,795	23,435

Liabilities

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Accounts Payable	1,796	542	370	422	614	416
Accrued Expenses	1,479	1,229	877	1,054	1,153	896
Current Portion of Long-Term Debt	4,503	3,109	2,834	4,335	4,295	1,610
Current Portion of Leases	114	147	81	54	43	57
Current Income Taxes Payable	104	59	49	7	169	41
Current Unearned Revenue	-	221	99	84	50	994
Other Current Liabilities	522	1,324	1,609	2,875	1,365	4,069
Total Current Liabilities	8,518	6,631	5,919	8,831	7,689	8,083
Long-Term Debt	5,946	7,587	7,112	5,377	7,256	8,688
Long-Term Leases	410	401	381	466	190	178
Long-Term Deferred Tax Liabilities	929	953	381	142	415	73
Other Long-Term Liabilities	2,106	2,239	1,280	1,169	1,678	1,625
Total Liabilities	17,909	17,811	15,073	15,985	17,228	18,647

Shareholders' Equity

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Common Stock	6	6	6	6	6	6
Additional Paid-In Capital	1,212	1,212	1,212	1,212	1,212	1,218
Retained Earnings	16,562	14,974	12,638	11,324	10,448	8,184
Treasury Stock	-	-	-	-	-	-305
Comprehensive Income & Other	-4,837	-4,876	-6,979	-6,146	-4,541	-5,415
Total Common Equity	12,943	11,316	6,877	6,396	7,125	3,688
Minority Interest	2,182	2,129	1,220	1,199	1,442	1,100
Shareholders' Equity	15,125	13,445	8,097	7,595	8,567	4,788
Total Liabilities & Equity	33,034	31,256	23,170	23,580	25,795	23,435

Additional Metrics

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Total Debt	10,973	11,244	10,408	10,232	11,784	10,533
Net Cash (Debt)	-9,056	-9,138	-8,586	-8,093	-9,902	-4,986
Net Cash Growth	-	-	-	-	-	-
Net Cash Per Share	-0.59	-0.60	-0.56	-0.53	-0.65	-0.32
Filing Date Shares Outstanding	15,286	15,286	15,286	15,286	15,286	15,286
Total Common Shares Outstanding	15,286	15,286	15,286	15,286	15,286	15,286
Working Capital	-111	1,101	926	-1,489	714	1,787
Book Value Per Share	0.85	0.74	0.45	0.42	0.47	0.24
Tangible Book Value	12,651	11,036	6,671	6,158	6,823	3,423
Tangible Book Value Per Share	0.83	0.72	0.44	0.40	0.45	0.22
Buildings	-	6,029	4,054	3,895	4,036	3,436
Machinery	-	6,098	4,414	4,379	5,021	4,235
Construction In Progress	-	7,044	4,586	4,268	4,048	2,582

Data Source: S&P Global Market Intelligence Last updated: Jun 30, 2026

Financial data is provided by S&P Global Market Intelligence and updates within hours after each earnings release, which is every six months for this company.

Update frequency:

Semi-annually

Last checked:

Aug 4, 2026

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