Rostelecom's net profit under IFRS for the first half of 2025 fell by 51% to RUB 12.8 billion from RUB 26.1 billion a year earlier. Revenue increased by 11% to 393.6 billion rubles from 353.07 billion rubles, OIBDA increased by 5% to 154.3 billion rubles from 147 billion rubles. This is stated in the company's message.
Operating expenses increased by 11% and amounted to 323.3 billion rubles. The dynamics were influenced by a number of factors, such as a 15% increase (by 13.7 billion rubles) in personnel costs, including due to the increase in numbers in digital clusters and the indexation of employee compensation.
In the reporting period, Rostelecom's board of Directors adopted a new three-year dividend policy with a target for payments of at least 50% of net profit under IFRS. Rostelecom held an annual meeting of shareholders, at which shareholders approved dividends for 2024 in the amount of 6.25 rubles per preferred share and 2.71 rubles per ordinary share.
PJSC Rostelecom (TIN 7707049388) is a national long—distance communications operator that provides the transmission of the majority of long-distance and international traffic, as well as the operation of a terrestrial network of television and radio channels. Rostelecom's main shareholder is the state.
Rostelecom's net profit under IFRS for 2024 fell by 43% to 24.06 billion rubles from 42.33 billion rubles a year earlier. Revenue increased by 10% to 779.9 billion rubles from 707.8 billion rubles, OIBDA increased by 7% to 302.46 billion rubles from 283.23 billion rubles.
Rostelecom's net profit under IFRS for the first quarter of 2025 decreased by 46% to RUB 6.8 billion from RUB 12.5 billion for the same period in 2024. Revenue increased by 9% to 190.1 billion rubles. OIBDA decreased by 1% to 73.7 billion rubles. Capital investments increased by 14% to 43.9 billion rubles.
On October 30, 2024, the AK&M rating agency confirmed the highest rating of non-financial reporting to Rostelecom Group.
