The profit of PJSC Yuzhuralzoloto Group of Companies (YUGK) under IFRS in 2024 increased 13-fold to 8.84 billion rubles from 687 million rubles a year earlier. The profit attributable to the shareholders of the parent company amounted to 8.8 billion rubles against 683 million rubles. This is evidenced by the company's report.
Revenue increased by 12% to 75.88 billion rubles from 67.78 billion rubles, gross profit increased by 16.6% to 26.6 billion rubles from 22.8 billion rubles.
As of December 31, 2024, the group's short-term liabilities exceeded its current assets by 33.5 billion rubles. (as of December 31, 2023 — RUB 17.7 billion).
Labor costs (general and administrative expenses) increased to 5.588 billion rubles from 4.533 billion rubles.
The key management staff is represented by Konstantin Strukov, President of YUGK Management Company LLC and the Board of Directors of YUGK PJSC. Accrued remuneration to key management personnel, legal and consulting services amounted to 2.95 billion rubles against 2.45 billion rubles.
In 2024 and 2023, no dividends were accrued or paid.
Expenses from the write-off and sale of assets (other operating expenses) amounted to 158 million rubles against 2.25 billion rubles a year earlier.
AAA Capital Management JSC, one of the largest management companies in the Russian Federation, part of the Gazprombank Group, acquired 22% of the company's shares from Konstantin Strukov, President and main shareholder of PJSC YUGK, on December 20, 2024. As a result of the transaction, K. Strukov remains the largest shareholder of PJSC YUGK with a stake of 67.8% of the company's authorized capital. Management believes that this transaction will lead to a strengthening of the group's corporate governance through the introduction of best corporate practices, as well as an increase in the capitalization of PJSC YUGK.
In 2024, the beneficial owner made a loan contribution to the group in the amount of RUB 17.48 billion. The funds received under this transaction were used by the group to acquire claims under loan agreements from related parties, which led to the full repayment of the debt obligations of the related parties, for which PJSC YUGK was the guarantor. Thus, as a result of this, the obligations under which PJSC YUGK was the guarantor ceased. Management believes that this significantly increases the group's creditworthiness and has a positive effect on debt metrics.
In April 2025, PJSC YUGK acquired a prospecting license for the Maro gold field in the North Yeniseysky district of the Krasnoyarsk Territory. Estimated resources of the deposit exceed 60 tons. At the same time, the ore at the site is easily enriched, with a gravity-cyanide gold extraction scheme.
The main activities of PJSC Yuzhuralzoloto Group of Companies (YUGK) and its subsidiaries are the extraction (including primary processing) and sale of gold. The group's production facilities, including primary processing, are located in the Chelyabinsk Region, the Krasnoyarsk Territory and the Republic of Khakassia.
Subsidiaries: YUGK Management Company LLC (Chelyabinsk Region, 100%), Sovrudnik LLC (Krasnoyarsk Territory, 100%), AS LLCDrazhny Mine (Krasnoyarsk Territory, 100%), Kommunarovsky Mine JSC (Republic of Khakassia, 99.13%). YUGK Management Company LLC provides management services to related parties, while other subsidiaries are engaged in gold mining and sales.
As of December 31, 2024, the beneficiaries of the company are Konstantin Strukov and his family members.
