The Rosseti Centre company published its financial statements for 9 months of 2021 under RAS, net profit increased by 115% According to the prepared in accordance with the Russian Accounting Standards statements for 9 months of 2021, revenue of Rosseti Centre, PJSC (the ticker — MRKC) was 74 098,2 mln RUB, including from electric energy transmission — 71 170,2 mln RUB, from grid connections — 693,8 mln RUB, from sale of electric energy and power — 406,6 mln RUB and other revenue — 1 827,6 mln RUB. Sales profit was 6 619,2 mln RUB. Earnings before interest, taxes, depreciation and amortization (EBITDA2) reached 15 328,0 mln RUB, EBITDA margin increased against the same period last year and was 20,7%. Net profit increased by 115,3% up to 3 446,6 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: net profit + profit tax and other similar mandatory payments + interest payable — interest receivable + depreciation charges

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

* Taking into account the volume of services for the transmission of electricity in the territory of execution of the functions of the electricity supplier of last resort in the Tver region in the service area of JSC Transservisenergo

The volume of services for the transmission of electricity amounted to 35 032,9 million kWh, compared to the same period last year, there was an increase in volumes by 5,5%, which was a consequence of a significant increase in electricity consumption, which was caused by both the climatic factor and the growth of business activity in connection with the softening of restrictive measures. The level of electricity losses decreased by (-0,20) p.p. and was 9,33%. The main reason for the change in the level of losses is the purposeful implementation of a program of measures to reduce electricity losses.

Revenue for electricity transmission services following the results of 9 months of 2021 increased by 8,7% against the same period of 2020 due to growth in electricity consumption and an increase in the tariff for electricity transmission from 1 July 2021. Revenue from grid connection services following the results of 9 months of 2021 practically did not change relative to the same period in 2020 (a decrease by 0,4%). The provision of services for grid connection took place within the framework of current applications. Other revenue for 9 months of 2021 against the same period of 2020 increased by 8,2% and was 1 827,6 mln RUB. The growth in the other revenue is due to implementation of strategic initiatives to increase non-tariff income.

The Company’s total assets as of 30 September 2021 decreased slightly and amounted to 129 855,0 mln RUB. The Company’s net assets grew up by 3,4% and amounted to 60 610,6 mln RUB. The net debt3 decreased to 42 176,1 mln RUB (as of 31 December 2020 — 44 261,5 mln RUB). The Company’s statements for 9 months of 2021 can be found at: https://www.mrsk-1.ru/en/information/statements/rsbu/2021/.