Severstal's net profit under IFRS for the second quarter of 2026 decreased by 74% to 4.062 billion rubles. compared to a year earlier. This is stated in the company's message.
Revenue decreased by 9% to RUB 169.564 billion due to a drop in average selling prices for metal products, including an increase in the share of semi-finished products in the sales portfolio.
EBITDA decreased by 38% to 24.4 billion rubles.
Investments decreased by 42% to RUB 25.284 billion.
The total debt increased to 95.697 billion rubles. As of June 30, 2026, the total debt increased by 35.6 billion rubles. compared to December 31, 2025, mainly due to an increase in bank loans with a floating interest rate. Net debt amounted to 88.442 billion rubles.
Severstal is a vertically integrated mining and metallurgical company that creates new products and integrated solutions from steel together with customers and partners. The company's production assets are concentrated in Russia. The shares are traded on the Moscow Stock Exchange (ticker CHMF).
According to the AK&M Rating Agency, by the end of 2024, Severstal is among the leaders of the fifth rating of responsibility to society, the fifth rating of the carbon footprint of the largest Russian companies.
Severstal's revenue under RAS for 2025 fell by 14% to 620.1 billion rubles from 723.96 billion rubles, net profit — by 2.7% to 112.757 billion rubles. from about 115.9 billion rubles a year earlier.
Severstal's net profit under IFRS for 2025 fell 370 times to 57 million rubles from 21.072 billion rubles a year earlier. Revenue fell by 19% to 145.3 billion rubles from 178.7 billion rubles. EBITDA decreased by 54% to RUB 17.94 billion.
