According
to the prepared in accordance with the Russian Accounting Standards
statements for 1Q 2025, revenue of Rosseti Centre and Volga region,
PJSC (the ticker – MRKP) was 39 629,0 mln RUB, including from
electric energy transmission – 37 829,5 mln RUB, from grid
connections – 1 201,6 mln RUB and other revenue – 597,9 mln RUB.
Sales profit1 was 8 968,6 mln RUB. Earnings before
interest, taxes, depreciation and amortization (EBITDA2)
increased by 20,2% up to 14 268,2 mln RUB. Net profit amounted
to 6 617,1 mln RUB.
Data
in million RUB, unless specified otherwise
Indicators
|
3M
2025
|
3M
2024
|
Change
|
Revenue
(total), including:
|
39
629,0
|
36
047,1
|
9,9%
|
Revenue
from electric energy transmission
|
37
829,5
|
34
770,6
|
8,8%
|
Revenue
from grid connection
|
1
201,6
|
966,6
|
24,3%
|
Other
revenue
|
597,9
|
309,9
|
93,1%
|
Cost
of sales
|
30
457,1
|
28
468,9
|
7,0%
|
Sales
profit1
|
8
968,6
|
7
400,5
|
21,2%
|
Sales
profit margin, %
|
22,6%
|
20,5%
|
2,1
p.p.
|
EBITDA2
|
14
268,2
|
11
871,7
|
20,2%
|
EBITDA
margin, %
|
36,0%
|
32,9%
|
3,1
p.p.
|
Net
profit
|
6
617,1
|
5
605,0
|
18,1%
|
Net
profit margin, %
|
16,7%
|
15,5%
|
1,2
p.p.
|
Amount
of electric energy transmitted3, million kWh
|
13
783,7
|
14 233,9
|
-3,2%
|
Electric
energy losses, %
|
8,15%
|
8,15%
|
0,0
p.p.
|
Indicators
|
As
of 31.03.2025
|
As
of 31.12.2024
|
Change
|
Total
assets
|
200 033,7
|
195 040,0
|
2,6%
|
Net
assets
|
115
493,2
|
108
899,1
|
6,1%
|
Net
debt4
|
1
811,8
|
9
505,6
|
-80,9%
|
[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 3,2% and amounted to 13 783,7
million kWh. The reason for the decrease was ambient temperature
fluctuations relative to the same period last year, as well as
changes in the power consumption modes of large consumers. As a
result of the implementation of a set of organizational and
technological measures, the level of electricity losses was
maintained at the level of 8,15% of the supply to the grid. The
revenue from electricity transmission services following the results
of 1Q 2025 grew by 8,8% compared to 1Q 2024 due to the growth of
tariffs. The growth of the revenue from grid connections amounted to
24,3%, which is associated with the execution of large grid
connection contracts in the Vladimir and Kaluga regions and the
Udmurt Republic. The other revenue grew by 93,1% and amounted to
597,9 mln RUB due to the completion of large projects, including
the construction of outdoor lighting networks and the turnkey grid
connection service. The
cost of sales increased relative to the 1st quarter of 2024 by 7,0%
and amounted to 30 457,1 mln RUB. The main increase in the costs
is due to inflationary pressure and growth in the tariff for
electricity transmission services in networks of third-party
territorial grid organizations and in the UNPG. The
Company’s management is making every effort to maintain production
efficiency and financial stability, which allowed for a significant
increase in profitability in 1Q 2025. The EBITDA margin increased by
3,1 p.p. compared to the same period last year and amounted to 36,0%,
the net profit margin amounted to 16,7%. The
Company’s total assets as of 31 March 2025 were 200 033,7 mln
RUB (an increase by 2,6% compared to 31 December 2024). The Company’s
net assets grew by 6,1% and
reached 115 493,2 mln
RUB. The net debt4
decreased by 80,9% and
amounted to 1 811,8 mln RUB The
Company’s statements for 1Q 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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