Moscow, 13 November 2025 – X5 (the “Company”, MOEX ticker: X5), a leading Russian food retailer that operates the Pyaterochka, Perekrestok and Chizhik retail chains, has announced a recommendation to distribute dividends in line with its dividend policy. Based on the Company’s financial performance for the first nine months of 2025, X5’s Supervisory Board has recommended that shareholders approve, at an extraordinary General Meeting of Shareholders to be held on 18 December 2025, a dividend payment of RUB 368 per share (before taxes and fees). The Supervisory Board has also recommended that the General Meeting of Shareholders set 6 January 2026 as the record date for determining shareholders entitled to receive dividends.

In the first half of 2025, the Company completed procedures related to the implementation of Federal Law No. 470-FZ of 4 August 2023, as a result of which a 9.7% stake in the Company’s share capital was consolidated in a treasury account. Given the current macroeconomic environment, as well as the Company’s commitment to enhancing shareholder value and maintaining an attractive dividend yield, X5 is exploring potential options for monetising its treasury stake.

In this context, X5’s Supervisory Board has approved the disposal of the Company’s treasury shares within a period of no more than three years, through one or several transactions. Within the scope of this approval, the Company’s management has approval to, among other things, complete the following corporate actions: to use the shares as a means of payment in potential M&A transactions; to sell the shares through purchase-and-sale or exchange agreements; to sell the shares to third parties, including professional securities market participants; to issue bonds settled in shares; or to pursue other options. Management will make every effort to sell the Company’s treasury shares within a reasonably short time frame, taking market conditions into account and acting in the interests of the Company and all shareholders, in line with the principles of creating value for current and future holders of X5 shares. The Company does not expect these transactions to result in an increase in the ownership stakes of X5’s largest shareholders.

Amid the continued cooling of the Russian economy and slowing demand in the food retail market, X5 continues to consistently implement its long-term strategy to drive business growth and increase shareholder value. The Company remains focused on developing its retail formats in key segments of the food market, maintaining a superior customer experience, scaling new business streams and leveraging the opportunities offered by its robust infrastructure, customer base and technological platform.

Press release

pdf, 136 KB