Adjusted net profit of ICPAO Yandex under IFRS in the second quarter of 2025 amounted to 30.4 billion rubles, an increase of 34% year-on-year. This is reported in the company's materials.
Revenue increased by 33% to RUB 332.5 billion. Adjusted EBITDA amounted to 66 billion rubles. or 19.9% of the revenue. This is 3.9 percentage points more than in the previous quarter.
The company maintains its forecast for the growth of the group's total revenue in 2025 — more than 30% year—on-year, as well as adjusted EBITDA - over 250 billion rubles.
ICPAO Yandex is a private technology company that became the parent company of the Yandex Group after the completion of the restructuring.
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. The company develops ridetech and foodtech areas, manages navigation, advertising and entertainment services, engages in e-commerce, financial technology, logistics and cloud computing, and offers educational projects for people of different ages. The company has a Yandex Plus loyalty program that combines various company services.
Yandex's adjusted net profit for 2024 under IFRS increased by 94% to RUB 100.9 billion from RUB 52.1 billion a year earlier. Net profit fell by 79% to 11.5 billion rubles from 55.6 billion rubles. Revenue increased by 37% to RUB 1.09 trillion from RUB 798.1 billion, adjusted EBITDA increased by 56% to RUB 188.6 billion from RUB 120.8 billion.
Yandex's net loss under IFRS for the first quarter of 2025 amounted to 10.8 billion rubles against a profit of 20.1 billion rubles a year earlier. Revenue increased by 34% to RUB 306.5 billion from RUB 228.3 billion.
