Inarktics' net profit under IFRS for 2024 fell by 50% to RUB 7.8 billion from RUB 15.5 billion a year earlier. Revenue increased by 11% to 31.5 billion rubles from 28.5 billion rubles, gross profit before revaluation of biological assets increased by 8% to 16.2 billion rubles from 15 billion rubles. Adjusted EBITDA fell by 3% to 12.5 billion rubles from 12.9 billion rubles. This was announced by the company.
Russian Russian Sea Group PJSC Inarktika (TIN 7816430057; formerly PJSC Russian Aquaculture, until February 18, 2015 — Russian Sea Group of Companies) is the group's management company operating in the Atlantic salmon and trout production segment in Russia.
The key activities of the group under the company's management include: commercial cultivation of Atlantic salmon and sea trout in the Barents Sea in the Murmansk region; commercial cultivation of trout in the lakes of the Republic of Karelia.
The net loss of PJSC Inarktika under IFRS for 6 months of 2024 due to the revaluation of biomass in water amounted to 1.4 billion rubles against a net profit of 8.6 billion rubles a year earlier. Adjusted net profit before loss from revaluation of biological assets increased by 18% to RUB 6.3 billion. Revenue increased by 41% to RUB 18.3 billion. Gross profit before revaluation of biological assets increased by 38% to RUB 9.6 billion.
