NOVATEK's net profit under IFRS attributable to shareholders decreased by 34% to 225.7 billion rubles in the first half of 2025. Net profit excluding the effect of exchange differences decreased by 16.9% to RUB 237 billion. This is reported in the company's materials.
Revenue increased by 6.9% to 804 billion rubles. Normalized EBITDA amounted to 471.8 billion rubles, which is 1.8% less than in the same period of 2024.
PJSC NOVATEK is an independent producer of natural gas in Russia. Established in 1994, the company is engaged in the exploration, production, processing and sale of gas and liquid hydrocarbons. NOVATEK's fields and licensed areas are located primarily in the Yamalo-Nenets Autonomous Okrug.
The normalized profit attributable to the shareholders of PJSC NOVATEK, excluding the effect of exchange differences, amounted to 553.4 billion rubles in 2024, which is 4.6% higher than in 2023. Revenue from sales and normalized EBITDA, including the share of joint ventures in EBITDA, amounted to 1.546 trillion rubles and 1.008 trillion rubles, respectively, an increase of 12.7% and 13.2%.
