Tatneft's net profit under IFRS for 2024, attributable to shareholders, increased by 6% to 306.14 billion rubles from 287.921 billion rubles a year earlier. Sales revenue (excluding financial services) increased by 28% to 2.03 trillion rubles from 1.59 trillion rubles. This is stated in the company's report.
Revenue from oil exploration and production increased to 1.22 trillion rubles from 1.034 trillion rubles. Own oil, sales to non-CIS countries brought 382.19 billion rubles against 338.06 billion rubles.
Revenue from oil refining and the sale of petroleum products increased to 1.225 trillion rubles from 923.966 billion rubles. In particular, sales to neighboring countries increased to 27.8 billion rubles from 18.7 billion rubles, to non—CIS countries - to 510.1 billion rubles from 300.9 billion rubles.
The revenue of the tire business increased to 53.539 billion rubles from 22.56 billion rubles. Sales to neighboring countries brought in 2.95 billion rubles. revenue.
In 2024, the group recognized an impairment loss on fixed assets and other non-financial assets, net of recovery, in the amount of RUB 6.576 billion, compared to RUB 21.7 billion a year earlier. This loss, in particular, consists of a loss on impairment of fixed assets of 18.42 billion rubles, less restoration in the amount of 14.5 billion rubles, <...> a loss on disposal of fixed assets in the amount of 602 million rubles.
The Group recognized an impairment loss in respect of the following assets: oil refining and petrochemical assets — 10.070 billion rubles, tire business assets — 5.36 billion rubles. The Group also recovered an impairment loss on assets related to the development of extra-viscous oil (SVN) deposits in the amount of RUB 14.46 billion.
As at 31 December 2024 and 2023, the group had capital commitments of approximately RUB 125.8 billion and RUB 112.88 billion, respectively. These obligations are primarily related to the construction of the TANECO oil refining complex, the construction of wells, the development of oil fields, the replacement of pipelines and the development of the petrochemical business. Obligations are due to be fulfilled in the period from 2025 to 2027. Management believes that the group's current and long-term capital expenditure program can be financed with cash generated from operating activities, raising loans or issuing debt instruments. Management also believes that the group has the ability to obtain the necessary financing to continue its projects and refinance current debt obligations, as well as to finance purchases of other companies and other transactions that may arise in the future.
PJSC Tatneft named after V.D.Shashin is one of the largest Russian vertically integrated oil companies, which includes oil and gas production, oil refining, petrochemical, tire complex, network of gas stations, electric power industry, development and production of equipment for the oil and gas industry and a block of service structures.
The consolidated revenue of PJSC Tatneft for 2023 amounted to 1.59 trillion rubles, an increase of 162 billion rubles over the year, and the company made a profit of 286 billion rubles.
In 2023, the oil company paid 203 billion rubles in dividends to the owners of ordinary and preferred shares.
