According to the RAS statements for 6 months of 2025, revenue of Rosseti Centre, PJSC (MRKC) was 69 627,0 mln RUB, including from electric energy transmission – 64 640,3 mln RUB, from grid connections – 3 226,9 mln RUB and other revenue – 1 759,7 mln RUB. Sales profit¹ was 9 843,2 mln RUB. Earnings before interest, taxes, depreciation and amortization (EBITDA²) increased by 9,8% and reached 17 105,9 mln RUB. Net profit amounted to 4 685,6 mln RUB.

Data in million RUB, unless specified otherwise

^[1] Revenue net of cost of sales, selling and administrative expenses

^[2] EBITDA is calculated as follows: Profit before tax + Interest payable + Depreciation

^[3] Net debt is calculated as follows: long-term borrowed funds + short-term borrowed funds – cash and cash equivalents – short-term financial investments

^[*] Taking into account the volume of services for the transmission of electricity in the territory of execution of the functions of the electricity supplier of last resort in the Tver region in the service area of JSC Transservisenergo

The volume of electricity transmission services amounted to 23 897,8 million kWh. Compared to the same period last year there was a decrease in the volume of services by 3,4%, which is mainly due to temperature deviations from the norm in both winter and spring months.

The level of electricity losses for 6 months of 2025 amounted to 10,11%, which is 0,07 p.p. higher than the same indicator in 2024. This increase is due to the consolidation of large power grid assets in 2025. In comparable conditions of the composition of the power grid assets in 2024, electricity losses for 6 months of 2025 were reduced to 9,88%, which is 0,16 p.p. lower than the 2024 indicator. This reduction was achieved due to the comprehensive implementation of organizational and technical measures and activities to modernize commercial electricity metering systems.

The revenue for electricity transmission services based on the results of 6 months of 2025 increased by 9,8% compared to the same period in 2024 due to an increase in tariffs. The revenue from grid connection services for 6 months of 2025 increased by 63,4% compared to the same period in 2024 due to the execution of large grid connection agreements in the Belgorod, Kursk and Yaroslavl regions in the first half of 2025. The other revenue for 6 months of 2025 increased by 4,1% compared to the same period last year.

The cost of sales following the results of 6 months of 2025 increased by 10,4% compared to the same period last year and amounted to 58 987,2 mln RUB. The increase in the expenses was due to the increase in the price of purchased electricity to compensate for grid losses, an increase in the cost of services of grid organizations, depreciation and inflationary growth in operating costs.

The EBITDA² indicator increased by 9,8% and amounted to 17 105,9 mln RUB, the EBITDA margin slightly decreased by 0,3 p.p. compared to the same period last year and amounted to 24,6%. The net profit amounted to 4 685,6 mln RUB, while the net profit margin amounted to 6,7%.

The Company’s total assets as of 30 June 2025 amounted to 159 813,5 mln RUB (as of 31 December 2024 – 158 218,5 mln RUB). The Company’s net assets increased by 8,2% and amounted to 66 840,6 mln RUB. The net debt³ decreased by 5,9% in comparison with 31 December 2024 and amounted to 28 727,6 mln RUB.

The Company’s statements for 6 months of 2025 can be found at: https://mrsk-1.ru/en/information/statements/rsbu/2025/.