A meeting of the Board of Directors of Rosseti Centre and Volga
region, PJSC was held, which approved the Company’s Business Plan
for 2025 and took note of the forecast indicators for 2026-2029. The
Business Plan for 2025 provides for an increase in total revenue due
to indexation of tariffs for electricity transmission services and an
increase in revenue from unregulated types of services, as well as
positive changes of the financial result by the end of 2025.
Indicators of the Company’s Business Plan for
2025:
Data
in mln RUB, unless specified otherwise
Indicators
|
Planned
for
2025
|
Expected
fact for 2024
|
Change
|
Revenue
(total), including:
|
159
335
|
140
606
|
13,3%
|
Revenue
from electric energy transmission
|
149
018
|
131
515
|
13,3%
|
Revenue
from grid connection
|
5
310
|
4
849
|
9,5%
|
Revenue
from other activity
|
5
007
|
4
242
|
18,0%
|
Cost
of sales
|
127
955
|
117
132
|
9,2%
|
EBITDA1
|
46
672
|
38
714
|
20,6%
|
EBITDA
margin, %
|
29,3%
|
27,5%
|
1,8
p.p.
|
Net
profit
|
18
264
|
13
730
|
33,0%
|
Net
profit margin, %
|
11,5%
|
9,8%
|
1,7
p.p.
|
Amount
of electric energy transmitted2, million kWh
|
51
997
|
51
820
|
0,3%
|
Electric
energy losses, %
|
7,69%
|
7,34%
|
0,35
p.p.
|
Indicators
|
Planned
for 31.12.2025
|
Expected
fact for 31.12.2024
|
Change
|
Total
assets
|
209
492
|
192
372
|
8,9%
|
Net
assets
|
122
979
|
109
197
|
12,6%
|
Net
debt3
|
21
274
|
16
268
|
30,8%
|
|
[1]
EBITDA
is calculated as follows: profit before tax + interest payable +
depreciation charges
|
[2] Taking
into account generator voltage
|
[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,
according to the Business Plan for 2025, will increase relative to
the expected fact in 2024 by 0,3% and will amount to 51 997 million
kWh. A positive change in the volume of net supply in 2025 relative
to 2024 is expected due to an increase in electricity consumption by
large industrial consumers. The level of electricity losses planned
for 2025 is 7,69%, which is 0,35 percentage points higher than the
expected figure for 2024, which is due to the consolidation of
electric grid assets, including within the framework of the
implementation of the functions of the System-Forming Territorial
Grid Organization in the regions of presence, as well as the growth
of transit electricity flows due to the commissioning of new
generating capacities of the Ivanovo CCGT in 2024. Measures to reduce
electricity losses are planned for 2025 and subsequent periods,
including the implementation of targeted organizational and technical
measures, as well as measures related to the introduction of
intelligent electricity metering systems.
The
planned 13,3% growth in revenue from electricity transmission
services in the Business Plan for 2025 relative to the expected fact
of 2024 is due to the expected increase in the volume of services
provided and the growth of unified “boiler” tariffs. Revenue from
grid connection services in 2025 is expected to be 5 310 million RUB,
which is 9,5% higher than the expected level for 2024. The increase
in revenue is due to the completion of large grid connection
agreements in the Ivanovo and Nizhny Novgorod regions and the Mari El
Republic. In 2025, the Company will continue to work to increase the
volume of unregulated services provided and forecasts revenue from
other activities to be at least 5 007 million RUB, which is 18,0%
higher than the expected actual figure for 2024.
The increase in the cost of sales by the end of
2025 relative to the expected fact of 2024 is mainly due to growth in
expenses for purchased electricity to compensate for losses, for
services for the transmission of electricity through the UNEG grids,
for the depreciation of newly commissioned investment program
facilities and for the indexation of wages for the Company’s
employees.
Earnings before interest, taxes, depreciation and
amortization (EBITDA) for 2025 are projected in the amount of 46 672
million RUB, which is 20,6% higher than the expected fact of 2024.
Net profit for 2025 is planned to be 18 264 million RUB,
which is 33,0% higher than the expected figure for 2024. The
financial result, according to the Business Plan for 2025 and the
entire planning period, indicates a stable financial condition of the
Company. At the same time, the Company plans to reach a new level of
efficiency to achieve the main goal - reliable and high-quality
electricity supply to consumers in the regions of its activity.
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