The Rosseti Centre company published its financial statements for 9 months of 2025 under RAS, EBITDA increased by 13,8%

According to the prepared in accordance with the Russian Accounting Standards statements for 9 months of 2025, revenue of Rosseti Centre, PJSC (the ticker – MRKC) was 105 533,8 mln RUB, including from electric energy transmission – 97 995,3 mln RUB, from grid connections – 4 360,8 mln RUB and other revenue – 3 177,7 mln RUB. Sales profit¹ was 14 059,2 mln RUB. Earnings before interest, taxes, depreciation and amortization (EBITDA²) increased by 13,8% and reached 26 625,3 mln RUB. Net profit amounted to 8 323,2 mln RUB.

Data in million RUB, unless specified otherwise

^[1] Revenue net of cost of sales, selling and administrative expenses

^[2] EBITDA is calculated as follows: Profit before tax + Interest payable + Depreciation

^[3] Net debt is calculated as follows: long-term borrowed funds + short-term borrowed funds – cash and cash equivalents – short-term financial investments

The volume of electricity transmission services amounted to 34 843,6 million kWh. Compared to the same period last year there was a decrease in the volume of services by 3,0%. The reason for the decrease was temperature fluctuations compared to the same period last year, as well as changes in the power consumption patterns of large consumers.

The level of electricity losses for 9 months of 2025 amounted to 9,76%, which is 0,37 p.p. higher than the same indicator in 2024. This increase is due to the consolidation of large power grid assets, including in the context of implementing the status of a systemically important grid organization, as well as a reduction in transmission volumes to large industrial consumers.

The revenue for electricity transmission services based on the results of 9 months of 2025 increased by 10,9% compared to the same period in 2024 due to an increase in tariffs for electricity transmission services from 1 July 2025. The revenue from grid connection services based on the results of 9 months of 2025 increased by 45,5% compared to last year due to the execution of large grid connection agreements in the Kursk, Belgorod and Yaroslavl regions. The other revenue for 9 months of 2025 increased by 20,7% and amounted to 3 177,7 mln RUB, which is due to the implementation of a larger volume of work on operational and technical maintenance and repair and maintenance services and the performance of construction and installation works.

The cost of sales following the results of 9 months of 2025 increased by 12,8% compared to the same period last year and amounted to 90 166,2 mln RUB. The increase in the expenses is due to a significant change in the price of purchased electricity to compensate for losses in the grids, an increase in the costs of services of grid organizations, depreciation, indexation of employees’ wages from 1 July 2025 and an inflationary increase in operating costs.

The EBITDA² indicator increased by 13,8% and amounted to 26 625,3 mln RUB, the EBITDA margin increased by 0,3 p.p. compared to the same period last year and amounted to 25,2%. The net profit reached the level of 8 323,2 mln RUB, which is 23.8% more than the same indicator last year.

The Company’s total assets as of 30 September 2025 increased by 3,2% and amounted to 163 224,5 mln RUB. The Company’s net assets increased by 8,4% and reached 70 508,7 mln RUB. The net debt³ decreased by 3,8% in comparison with 31 December 2024 and amounted to 29 353,6 mln RUB.

The Company’s statements for 9 months of 2025 can be found at: https://mrsk-1.ru/information/statements/rsbu/2025/.