PJSC Polyus will pay dividends based on the results of 2024 in the amount of 730 rubles per ordinary share, which is 73 rubles per ordinary share after the completion of the process of crushing the company's ordinary shares with a crushing ratio of 10. This is stated in the company's message.
Thus, the amount of recommended dividends assumes that the volume of dividend payments on outstanding shares (excluding shares owned by the company's subsidiaries) will amount to 30% of adjusted EBITDA for the fourth quarter of 2024, which corresponds to the dividend policy of Polyus, as previously reported.
Recall that Polyus decided not to pay dividends for 2023. In addition, the shareholders of Polyus decided at the repeated annual meeting not to pay dividends based on the results of 2022. No dividends were paid in 2021.
Polyus is a gold mining company. The company's main production facilities are located in Siberia and the Far East: in the Krasnoyarsk Territory, Irkutsk and Magadan regions, as well as the Republic of Sakha (Yakutia).
Polyus' adjusted net profit under IFRS in the first half of 2024 amounted to $1.2 billion, an increase of 14% compared to the same period in 2023. Revenue increased by 16% to $2.73 billion. Adjusted EBITDA was $2.02 billion, which is 20% higher than a year earlier. Capital expenditures reached $441 million, an increase of 12%.
