According to the prepared in accordance with the Russian Accounting
Standards statements for 9 months of 2025, revenue of Rosseti Centre
and Volga region, PJSC (the ticker – MRKP) was 112 585,5 mln
RUB, including the revenue from electric energy transmission – 106
747,0 mln RUB, from grid connections – 3 740,7 mln RUB and
other revenue – 2 097,8 mln RUB. Sales profit1 was
22 255,1 mln RUB. Earnings before interest, taxes, depreciation
and amortization (EBITDA2) reached 38 224,0 mln RUB.
Net profit increased to 16 581,1 mln RUB, while the growth rate
of the indicator was 21,1%.
Data in million RUB, unless specified otherwise
Indicators
|
9M
2025
|
9M
2024
|
Change
|
Revenue
|
112 585,5
|
99 817,3
|
12,8%
|
Cost of sales
|
89 678,1
|
81 649,5
|
9,8%
|
Sales profit1
|
22 255,1
|
17 608,7
|
26,4%
|
Sales profit margin, %
|
19,8%
|
17,6%
|
2,1 p.p.
|
EBITDA2
|
38 224,0
|
31 843,5
|
20,0%
|
EBITDA margin, %
|
34,0%
|
31,9%
|
2,1 p.p.
|
Net profit
|
16 581,1
|
13 692,2
|
21,1%
|
Net profit margin, %
|
14,7%
|
13,7%
|
1,0 p.p.
|
Amount of electric energy transmitted3, million kWh
|
37 969,5
|
38 209,8
|
-0,6%
|
Electric energy losses, %
|
6,81%
|
6,63%
|
0,18 p.p.
|
Indicators
|
As of 30.09.2025
|
As
of 31.12.2024
|
Change
|
Total assets
|
203 666,4
|
195 040,0
|
4,4%
|
Net assets
|
119 731,5
|
108 899,1
|
9,9%
|
Net
debt4
|
5 761,2
|
9 505,6
|
-39,4%
|
[1] Revenue
net of cost of sales, selling and administrative expenses
[2] EBITDA
is calculated as follows: Profit before tax + Interest payable +
Depreciation
[3] Taking
into account the generator voltage
[4] Net
debt is calculated as follows: long-term borrowed funds +
short-term borrowed funds – cash and cash equivalents –
short-term financial investments
|
The volume of electricity transmission services3
compared to the same period last year decreased by 0,6% and amounted
to 37 969,5 million kWh. The reason for the decrease was
temperature fluctuations compared to the same period last year, as
well as changes in the power consumption patterns of large consumers.
The level of electricity losses for 9 months of
2025 amounted to 6,81%, which is higher than the same indicator in
2024 by 0,18 p.p. This increase is due to the consolidation of large
power grid assets, including in the context of the implementation of
the status of a system-forming grid organization, as well as a
reduction in the volume of transmission to large industrial
consumers.
The revenue from electricity transmission services
for 9 months of 2025 increased by 12,4% compared to the same period
in 2024 due to an increase in the tariff for electricity transmission
services from 1 July 2025. The increase in the revenue from grid
connections by 24,8% is due to revenue growth in applicants’
categories up to 150 kW and the completion of work on connecting
large facilities to the grid in the Nizhny Novgorod Region and the
Udmurt Republic. As a result of the development of services for the
technical maintenance, repair, and construction of outdoor lighting
networks, and the performance of work attributed to the competence of
the applicant during grid connections, the other revenue increased by
12,5% and amounted to 2 097,8 mln RUB.
The
cost of sales for 9 months of 2025 increased by 9,8% compared to the
same period last year and amounted to 89 678,1 mln RUB, which is
due to an increase in the tariff for electricity transmission
services in the UNPG grids, growth in the price of purchased
electricity to compensate for losses, an increase in depreciation and
indexing employees’ wages. The
EBITDA2 indicator increased by 20,0% to 38 224,0 mln
RUB, the EBITDA margin grew in comparison with the same period last
year by 2,1 p.p. and amounted to 34,0%. The net profit reached the
level of 16 581,1 mln RUB, while the net profit margin increased
to 14,7%.
The
Company’s total assets as of 30 September 2025 were 203 666,4
mln RUB (as of 31 December 2024 – 195 040,0 mln RUB). The
Company’s net assets grew by 9,9% and reached 119 731,5 mln
RUB. The net debt4 decreased by 39,4% and amounted to
5 761,2 mln RUB.
The
Company’s statements for 9 months of 2025 can be found at:
https://www.mrsk-cp.ru/stockholder_investor/disclosure_reporting_info/finansovaya-informatsiya-i-otchetnost/bukhgalterskaya-otchetnost-mrsk-tsentra-i-privolzhya/.
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