PAO NOVATEK Income Statement

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

Millions RUB. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2023	FY 2021	FY 2020	FY 2019	FY 2018	2017 - 2013
Period Ending	Jun '24 Jun 30, 2024	Dec '23 Dec 31, 2023	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020	Dec '19 Dec 31, 2019	Dec '18 Dec 31, 2018	2017 - 2013
Operating Revenue	1,440,841	1,337,436	1,051,925	649,546	794,297	771,117	Upgrade
Other Revenue	34,072	34,072	10,415	6,394	7,630	5,997	Upgrade
Revenue	1,474,913	1,371,508	1,062,340	655,940	801,927	777,114	Upgrade
Revenue Growth (YoY)	55.35%	29.10%	61.96%	-18.20%	3.19%	44.52%	Upgrade
Cost of Revenue	779,511	766,545	601,182	372,322	454,838	427,638	Upgrade
Gross Profit	695,402	604,963	461,158	283,618	347,089	349,476	Upgrade
Selling, General & Admin	53,682	52,049	34,101	26,440	24,931	22,469	Upgrade
Other Operating Expenses	131,536	100,910	80,584	95,640	94,524	61,075	Upgrade
Operating Expenses	277,964	237,415	182,236	170,795	160,228	123,660	Upgrade
Operating Income	417,438	367,548	278,922	112,823	186,861	225,816	Upgrade
Interest Expense	-7,162	-2,430	-8,464	-4,939	-4,491	-4,746	Upgrade
Interest & Investment Income	66,814	46,895	16,000	25,440	20,699	14,003	Upgrade
Earnings From Equity Investments	323,696	-11,309	232,277	-143,981	149,238	-37,258	Upgrade
Currency Exchange Gain (Loss)	-24,465	190,461	-37,255	147,461	-44,747	25,859	Upgrade
Other Non Operating Income (Expenses)	-42,486	-17,227	19,600	-7,397	12,827	3,492	Upgrade
EBT Excluding Unusual Items	733,835	573,938	501,080	129,407	320,387	227,166	Upgrade
Gain (Loss) on Sale of Assets	-	-	662	69	682,733	1,645	Upgrade
Asset Writedown	-604	-416	-538	120	-5	-277	Upgrade
Pretax Income	733,231	573,522	501,204	129,596	1,003,115	228,534	Upgrade
Income Tax Expense	76,475	104,035	49,583	51,010	119,654	45,587	Upgrade
Earnings From Continuing Operations	656,756	469,487	451,621	78,586	883,461	182,947	Upgrade
Minority Interest in Earnings	-7,692	-6,456	-18,694	-10,754	-17,984	-19,205	Upgrade
Net Income	649,064	463,031	432,927	67,832	865,477	163,742	Upgrade
Net Income to Common	649,064	463,031	432,927	67,832	865,477	163,742	Upgrade
Net Income Growth	102.12%	6.95%	538.23%	-92.16%	428.56%	4.70%	Upgrade
Shares Outstanding (Basic)	-	-	3,002	3,005	3,012	3,014	Upgrade
Shares Outstanding (Diluted)	-	-	3,002	3,005	3,012	3,014	Upgrade
Shares Change (YoY)	-	-	-0.10%	-0.23%	-0.08%	-0.08%	Upgrade
EPS (Basic)	-	-	144.24	22.58	287.39	54.33	Upgrade
EPS (Diluted)	-	-	144.24	22.58	287.39	54.33	Upgrade
EPS Growth	-	-	538.87%	-92.14%	428.97%	4.79%	Upgrade
Free Cash Flow	431,514	433,316	228,215	-32,681	144,931	122,311	Upgrade
Free Cash Flow Per Share	-	-	76.03	-10.88	48.13	40.58	Upgrade
Dividend Per Share	-	-	71.440	35.560	32.330	26.060	Upgrade
Dividend Growth	-	-	100.90%	9.99%	24.06%	74.31%	Upgrade
Gross Margin	47.15%	44.11%	43.41%	43.24%	43.28%	44.97%	Upgrade
Operating Margin	28.30%	26.80%	26.26%	17.20%	23.30%	29.06%	Upgrade
Profit Margin	44.01%	33.76%	40.75%	10.34%	107.92%	21.07%	Upgrade
Free Cash Flow Margin	29.26%	31.59%	21.48%	-4.98%	18.07%	15.74%	Upgrade
EBITDA	501,259	442,874	332,405	148,933	216,633	258,910	Upgrade
EBITDA Margin	33.99%	32.29%	31.29%	22.71%	27.01%	33.32%	Upgrade
D&A For EBITDA	83,821	75,326	53,483	36,110	29,772	33,094	Upgrade
EBIT	417,438	367,548	278,922	112,823	186,861	225,816	Upgrade
EBIT Margin	28.30%	26.80%	26.26%	17.20%	23.30%	29.06%	Upgrade
Effective Tax Rate	10.43%	18.14%	9.89%	39.36%	11.93%	19.95%	Upgrade
Revenue as Reported	1,480,937	1,371,508	1,156,724	711,812	862,803	831,758	Upgrade
Advertising Expenses	-	-	988	599	531	465	Upgrade

Source: S&P Capital IQ. Standard template. Financial Sources.