The management of PJSC Polyus intends to recommend to the Board of Directors to suspend dividend payments until 2030. This is evidenced by the company's message.
Until then, Polyus will focus on the implementation of large-scale investment projects, including growth projects, the report emphasizes.
Such a management recommendation is associated with the high cost of debt financing, rising production costs, including due to an increase in the tax burden, a declining gold price amid uncertainty in the monetary policy of global central banks, as well as the risks of revising investment project implementation schedules.
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' revenue in 2025 increased by 19% year-on-year to $8.723 billion. Adjusted EBITDA increased by 12% to $6.347 billion.
On July 30, 2025, the AK&M rating agency confirmed the Polyus non-financial reporting rating at RESG 1, the highest level of disclosure of information on sustainable development in reports. The company's financial statements have received the highest rating for the fourth year in a row. In accordance with the agency's methodology, Polyus' reporting for 2024 received 98.8 points and was classified as the highest level.
In addition, according to RA AK&M, by the end of 2024, Polyus is among the leaders of the fifth rating of responsibility to society and the eighth rating of social efficiency of the largest Russian companies.
