Norilsk Nickel's net profit under IFRS for 2024 fell by 37% to $1.8 billion from $2.87 billion a year earlier. Revenue fell by 13% to $12.5 billion from $14.4 billion, and EBITDA fell by 25% to $5.19 billion from $6.88 billion. This is stated in the company's message.
MMC Norilsk Nickel is a diversified mining and metallurgical company that is the world's largest producer of palladium and high—quality nickel, as well as platinum, copper, cobalt, silver, gold, and iridium. MMC Norilsk Nickel's production units are located in the Norilsk Industrial District, on the Kola Peninsula and in the Trans-Baikal Territory in Russia, as well as in Finland. The company's shares are listed on the Moscow and St. Petersburg Stock Exchanges.
The net profit of Norilsk Nickel under IFRS in the first half of 2024 amounted to $829 million, a decrease of 23% compared to the first half of 2023. Consolidated revenue decreased by 22% to $5.6 billion. EBITDA decreased by 30% to $2.3 billion.
