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	2014 - 2018
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	2014 - 2018
Operating Revenue	1,554,562	1,502,416	1,337,436	1,051,925	649,546	794,297	Upgrade
Other Revenue	43,205	43,435	34,072	10,415	6,394	7,630	Upgrade
Revenue	1,597,767	1,545,851	1,371,508	1,062,340	655,940	801,927	Upgrade
Revenue Growth (YoY)	6.78%	12.71%	29.10%	61.96%	-18.20%	3.19%	Upgrade
Cost of Revenue	63,960	57,433	46,849	601,182	372,322	454,838	Upgrade
Gross Profit	1,533,807	1,488,418	1,324,659	461,158	283,618	347,089	Upgrade
Selling, General & Admin	-	-	-	34,101	26,440	24,931	Upgrade
Other Operating Expenses	1,146,342	1,072,207	882,201	80,584	95,640	94,524	Upgrade
Operating Expenses	1,246,690	1,163,636	957,527	182,236	170,795	160,228	Upgrade
Operating Income	287,117	324,782	367,132	278,922	112,823	186,861	Upgrade
Interest Expense	-	-	-	-8,464	-4,939	-4,491	Upgrade
Interest & Investment Income	154,890	248,512	206,390	16,000	25,440	20,699	Upgrade
Earnings From Equity Investments	-	-	-	232,277	-143,981	149,238	Upgrade
Currency Exchange Gain (Loss)	-	-	-	-37,255	147,461	-44,747	Upgrade
Other Non Operating Income (Expenses)	-	-	-	19,600	-7,397	12,827	Upgrade
EBT Excluding Unusual Items	442,007	573,294	573,522	501,080	129,407	320,387	Upgrade
Gain (Loss) on Sale of Assets	-	-	-	662	69	682,733	Upgrade
Asset Writedown	-	-	-	-538	120	-5	Upgrade
Pretax Income	442,007	573,294	573,522	501,204	129,596	1,003,115	Upgrade
Income Tax Expense	59,946	73,083	104,035	49,583	51,010	119,654	Upgrade
Earnings From Continuing Operations	382,061	500,211	469,487	451,621	78,586	883,461	Upgrade
Minority Interest in Earnings	-4,550	-6,720	-6,456	-18,694	-10,754	-17,984	Upgrade
Net Income	377,511	493,491	463,031	432,927	67,832	865,477	Upgrade
Net Income to Common	377,511	493,491	463,031	432,927	67,832	865,477	Upgrade
Net Income Growth	-41.84%	6.58%	6.95%	538.23%	-92.16%	428.56%	Upgrade
Shares Outstanding (Basic)	-	-	-	3,002	3,005	3,012	Upgrade
Shares Outstanding (Diluted)	-	-	-	3,002	3,005	3,012	Upgrade
Shares Change (YoY)	-	-	-	-0.10%	-0.23%	-0.08%	Upgrade
EPS (Basic)	-	-	-	144.24	22.58	287.39	Upgrade
EPS (Diluted)	-	-	-	144.24	22.58	287.39	Upgrade
EPS Growth	-	-	-	538.87%	-92.14%	428.96%	Upgrade
Free Cash Flow	370,397	357,142	433,316	228,215	-32,681	144,931	Upgrade
Free Cash Flow Per Share	-	-	-	76.03	-10.88	48.13	Upgrade
Dividend Per Share	-	-	-	71.440	35.560	32.330	Upgrade
Dividend Growth	-	-	-	100.90%	9.99%	24.06%	Upgrade
Gross Margin	96.00%	96.28%	96.58%	43.41%	43.24%	43.28%	Upgrade
Operating Margin	17.97%	21.01%	26.77%	26.25%	17.20%	23.30%	Upgrade
Profit Margin	23.63%	31.92%	33.76%	40.75%	10.34%	107.93%	Upgrade
Free Cash Flow Margin	23.18%	23.10%	31.59%	21.48%	-4.98%	18.07%	Upgrade
EBITDA	371,362	400,108	442,458	332,405	148,933	216,633	Upgrade
EBITDA Margin	23.24%	25.88%	32.26%	31.29%	22.71%	27.01%	Upgrade
D&A For EBITDA	84,245	75,326	75,326	53,483	36,110	29,772	Upgrade
EBIT	287,117	324,782	367,132	278,922	112,823	186,861	Upgrade
EBIT Margin	17.97%	21.01%	26.77%	26.25%	17.20%	23.30%	Upgrade
Effective Tax Rate	13.56%	12.75%	18.14%	9.89%	39.36%	11.93%	Upgrade
Revenue as Reported	1,597,767	1,545,851	1,371,508	1,156,724	711,812	862,803	Upgrade
Advertising Expenses	-	-	-	988	599	531	Upgrade

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