AFK Sistema's consolidated revenue in the 3rd quarter of 2025, in accordance with international Financial Reporting Standards (IFRS), increased by 13.4% year-on–year to 355.3 billion rubles. Adjusted earnings before depreciation (OIBDA) increased by 21.9% year-on-year and reached 102.8 billion rubles.
Following the results of the first 9 months of this year, the corporation also demonstrated steady growth in key financial indicators compared to the same period in 2024. Revenue increased by 9.4% to 972 billion rubles and OIBDA by 14.4% to 281.5 billion rubles. The total assets of AFK Sistema Group amounted to 2.9 trillion rubles as of September 30, 2025.
The leaders in terms of growth rates in the corporation's portfolio in the reporting quarter were the development, medical and telecommunications businesses.
Also today, the leading federal hotel operator, part of the AFK Sistema Group, presented its operational and financial results for January-September 2025. Following the results of 9 months, the company's revenue increased by 18% to 15.6 billion rubles, the OIBDA indicator increased by 21% year–on-year to 5.8 billion rubles, against the background of a 7% increase in the number of rooms and its average load by 2 percentage points to 68%. 2.5 million guests stayed in the chain's hotels, which is 9% more than last year, while the number of foreigners increased by 16%.
"Our loading, ADR and RevPAR indicators show dynamics above the market averages. We continue to work on diversifying our portfolio and expanding our geographical presence, including in the international market," commented the president of Cosmos Hotel Group. Alexander Biba.
During the reporting period, 5 hotels were opened under the brand and management of the operator in Moscow and the Moscow region, the Republic of North Ossetia – Alania, Primorsky Krai and Sochi. Following the results of 9 months of this year, new franchise and management contracts for future hotel facilities were signed for a total of 21,577 rooms, and in October 2025, an agreement was signed with a leading Cuban tourism group to manage the first foreign hotel in the Russian chain for 640 rooms.
Other assets of AFK Sistema were also actively involved in promoting the company on the international market. In particular, the Segezha Group timber holding company, as part of the diversification of its export geography, carried out the first shipments of lumber and plywood to new markets – Mexico and Tunisia. Binnopharm Group, one of the leading Russian pharmaceutical manufacturers, has agreed to start supplying collagen-based injectable drugs to Indonesia. In November 2025, the leading domestic exporter of bottled water, Aqua Holding, shipped the first batch of its products to India, becoming the only player in the Russian water industry to receive a certificate for supplies to this country.
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