INTER RAO Presents Financial Results According to IFRS for the First Half of 2025
INTER RAO has published its consolidated financial statements according to IFRS for the first half of 2025, demonstrating growth in key financial indicators. The company's revenue reached 818 billion RUB, which is +12.3% higher than the result for the same period last year. Net profit amounted to 82.9 billion RUB, increasing by +4.28% year-on-year.
Key Financial Indicators
- Revenue: 818 billion RUB (+12.3% YoY)
- Net Profit: 82.9 billion RUB (+4.28% YoY)
- Margin Dynamics: Moderate compression of net profitability amid rising costs
Revenue Growth Factors
The revenue growth in the first half of 2025 was driven by:
- An increase in electricity and capacity supply volumes in the domestic market.
- Adjustments to tariffs and prices within regulated segments.
- Growth in electricity exports to CIS countries and Europe.
Net Profit Dynamics
Despite high revenue growth rates, the increase in net profit was moderate. Key factors affecting the outcome included:
- Rising cost of goods sold due to higher fuel prices and capacity procurement costs.
- Fluctuations in exchange rates affecting export contracts.
- Increased expenses related to the modernization of generating capacities.
Operational Efficiency
The company continues to implement a program aimed at enhancing operational efficiency:
- Optimization of production processes.
- Reduction of specific expenses per unit of electricity produced.
- Automation and digitalization of management of generating facilities.
Market Position
INTER RAO maintains its leadership in the Russian energy market while continuing to expand its international presence. The company is strengthening its position in the electricity export segment and developing long-term contracts with foreign partners.
Impact of Macroeconomic Factors
The company’s financial performance was shaped against the backdrop of:
- Stable domestic demand for electricity.
- Rising energy resource prices.
- Exchange rate fluctuations impacting export revenue.
Forecast and Strategy
In the second half of 2025, the company aims to:
- Maintain revenue growth rates through new contracts and capacity modernization.
- Increase operational profitability through cost optimization.
- Continue expansion into foreign markets.
Conclusion for Investors
The report from INTER RAO for the first half of 2025 confirms the company's sound financial position. Revenue growth and sustained positive trends in net profit make the company's shares attractive for long-term investors, while acknowledging the potential impact of macroeconomic and currency factors on future outcomes.
