PAO NOVATEK Income Statement

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

Millions RUB. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2021	FY 2020	FY 2019
Period Ending	Jun '25 Jun 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020	Dec '19 Dec 31, 2019
Operating Revenue	1,554,562	1,502,416	1,337,436	1,051,925	649,546	794,297
Other Revenue	43,205	43,435	34,072	10,415	6,394	7,630
Revenue	1,597,767	1,545,851	1,371,508	1,062,340	655,940	801,927
Revenue Growth (YoY)	6.78%	12.71%	29.10%	61.96%	-18.20%	3.19%
Cost of Revenue	63,960	57,433	46,849	601,182	372,322	454,838
Gross Profit	1,533,807	1,488,418	1,324,659	461,158	283,618	347,089
Selling, General & Admin	-	-	-	34,101	26,440	24,931
Other Operating Expenses	1,146,342	1,072,207	882,201	80,584	95,640	94,524
Operating Expenses	1,246,690	1,163,636	957,527	182,236	170,795	160,228
Operating Income	287,117	324,782	367,132	278,922	112,823	186,861
Interest Expense	-	-	-	-8,464	-4,939	-4,491
Interest & Investment Income	154,890	248,512	206,390	16,000	25,440	20,699
Earnings From Equity Investments	-	-	-	232,277	-143,981	149,238
Currency Exchange Gain (Loss)	-	-	-	-37,255	147,461	-44,747
Other Non Operating Income (Expenses)	-	-	-	19,600	-7,397	12,827
EBT Excluding Unusual Items	442,007	573,294	573,522	501,080	129,407	320,387
Gain (Loss) on Sale of Assets	-	-	-	662	69	682,733
Asset Writedown	-	-	-	-538	120	-5
Pretax Income	442,007	573,294	573,522	501,204	129,596	1,003,115
Income Tax Expense	59,946	73,083	104,035	49,583	51,010	119,654
Earnings From Continuing Operations	382,061	500,211	469,487	451,621	78,586	883,461
Minority Interest in Earnings	-4,550	-6,720	-6,456	-18,694	-10,754	-17,984
Net Income	377,511	493,491	463,031	432,927	67,832	865,477
Net Income to Common	377,511	493,491	463,031	432,927	67,832	865,477
Net Income Growth	-41.84%	6.58%	6.95%	538.23%	-92.16%	428.56%
Shares Outstanding (Basic)	-	-	-	3,002	3,005	3,012
Shares Outstanding (Diluted)	-	-	-	3,002	3,005	3,012
Shares Change (YoY)	-	-	-	-0.10%	-0.23%	-0.08%
EPS (Basic)	-	-	-	144.24	22.58	287.39
EPS (Diluted)	-	-	-	144.24	22.58	287.39
EPS Growth	-	-	-	538.87%	-92.14%	428.96%
Free Cash Flow	370,397	357,142	433,316	228,215	-32,681	144,931
Free Cash Flow Per Share	-	-	-	76.03	-10.88	48.13
Dividend Per Share	-	-	-	71.440	35.560	32.330
Dividend Growth	-	-	-	100.90%	9.99%	24.06%
Gross Margin	96.00%	96.28%	96.58%	43.41%	43.24%	43.28%
Operating Margin	17.97%	21.01%	26.77%	26.25%	17.20%	23.30%
Profit Margin	23.63%	31.92%	33.76%	40.75%	10.34%	107.93%
Free Cash Flow Margin	23.18%	23.10%	31.59%	21.48%	-4.98%	18.07%
EBITDA	371,362	400,108	442,458	332,405	148,933	216,633
EBITDA Margin	23.24%	25.88%	32.26%	31.29%	22.71%	27.01%
D&A For EBITDA	84,245	75,326	75,326	53,483	36,110	29,772
EBIT	287,117	324,782	367,132	278,922	112,823	186,861
EBIT Margin	17.97%	21.01%	26.77%	26.25%	17.20%	23.30%
Effective Tax Rate	13.56%	12.75%	18.14%	9.89%	39.36%	11.93%
Revenue as Reported	1,597,767	1,545,851	1,371,508	1,156,724	711,812	862,803
Advertising Expenses	-	-	-	988	599	531

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