The Yandex Board of Directors approved the share repurchase program. This is stated in the company's message.
The maximum amount of funds allocated for the purchase of shares is 50 billion rubles.
The acquisition of shares is carried out by YANTECH LLC (OGRN 1247700407019), which is an organization controlled by Yandex and the administrator of the long-term incentive program based on the company's ordinary shares.
The period of acquisition of shares is 2 years from the date of adoption by the Board of Directors of this decision on approval of the acquisition program. The shares can be used to implement a motivation program during the duration of the motivation program.
Yandex creates services and products based on artificial intelligence that help users and businesses online and offline. Yandex has been working on a popular search engine in Russia since 1997.
According to RA AK&M, by the end of 2024, Yandex is among the leaders of the fifth carbon footprint rating of the largest Russian companies.
Yandex's net profit for 2025 increased 7-fold to 79.6 billion rubles from 11.5 billion rubles a year earlier. Adjusted net profit increased by 40% to 141.4 billion rubles from 100.9 billion rubles, revenue — by 32% to 1.44 trillion rubles from 1.09 trillion rubles, adjusted EBITDA — by 49% to 280.8 billion rubles from 188.6 billion rubles.
Yandex's net profit for the first quarter of 2026 was 28.9 billion rubles against a loss of 10.8 billion rubles a year earlier. Adjusted EBITDA increased by 50% to 73.3 billion rubles, adjusted net profit increased 2.7 times to 34.7 billion rubles.
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