PAO NOVATEK Income Statement

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

Millions RUB. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2021	FY 2020
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Operating Revenue	1,402,293	1,502,416	1,337,436	1,051,925	649,546
Other Revenue	43,300	43,435	34,072	10,415	6,394
Revenue	1,445,593	1,545,851	1,371,508	1,062,340	655,940
Revenue Growth (YoY)	-6.49%	12.71%	29.10%	61.96%	-18.20%
Cost of Revenue	72,601	57,433	46,849	601,182	372,322
Gross Profit	1,372,992	1,488,418	1,324,659	461,158	283,618
Selling, General & Admin	-	-	-	34,101	26,440
Other Operating Expenses	984,852	1,072,207	882,201	80,584	95,640
Operating Expenses	1,092,035	1,163,636	957,527	182,236	170,795
Operating Income	280,957	324,782	367,132	278,922	112,823
Interest Expense	-41,803	-	-	-8,464	-4,939
Interest & Investment Income	-	248,512	206,390	16,000	25,440
Earnings From Equity Investments	-	-	-	232,277	-143,981
Currency Exchange Gain (Loss)	-	-	-	-37,255	147,461
Other Non Operating Income (Expenses)	-	-	-	19,600	-7,397
EBT Excluding Unusual Items	239,154	573,294	573,522	501,080	129,407
Gain (Loss) on Sale of Assets	-	-	-	662	69
Asset Writedown	-	-	-	-538	120
Pretax Income	239,154	573,294	573,522	501,204	129,596
Income Tax Expense	53,121	73,083	104,035	49,583	51,010
Earnings From Continuing Operations	186,033	500,211	469,487	451,621	78,586
Minority Interest in Earnings	-3,006	-6,720	-6,456	-18,694	-10,754
Net Income	183,027	493,491	463,031	432,927	67,832
Net Income to Common	183,027	493,491	463,031	432,927	67,832
Net Income Growth	-62.91%	6.58%	6.95%	538.23%	-92.16%
Shares Outstanding (Basic)	-	-	-	3,002	3,005
Shares Outstanding (Diluted)	-	-	-	3,002	3,005
Shares Change (YoY)	-	-	-	-0.10%	-0.23%
EPS (Basic)	-	-	-	144.24	22.58
EPS (Diluted)	-	-	-	144.24	22.58
EPS Growth	-	-	-	538.87%	-92.14%
Free Cash Flow	503,328	357,142	433,316	228,215	-32,681
Free Cash Flow Per Share	-	-	-	76.03	-10.88
Dividend Per Share	-	-	-	71.440	35.560
Dividend Growth	-	-	-	100.90%	9.99%
Gross Margin	94.98%	96.28%	96.58%	43.41%	43.24%
Operating Margin	19.43%	21.01%	26.77%	26.25%	17.20%
Profit Margin	12.66%	31.92%	33.76%	40.75%	10.34%
Free Cash Flow Margin	34.82%	23.10%	31.59%	21.48%	-4.98%
EBITDA	388,140	400,108	442,458	332,405	148,933
EBITDA Margin	26.85%	25.88%	32.26%	31.29%	22.71%
D&A For EBITDA	107,183	75,326	75,326	53,483	36,110
EBIT	280,957	324,782	367,132	278,922	112,823
EBIT Margin	19.43%	21.01%	26.77%	26.25%	17.20%
Effective Tax Rate	22.21%	12.75%	18.14%	9.89%	39.36%
Revenue as Reported	1,445,593	1,545,851	1,371,508	1,156,724	711,812
Advertising Expenses	-	-	-	988	599

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