Moscow, 21 March 2025 – X5 Group (“X5”, MOEX ticker: X5), a leading Russian food retailer, announces that its Board of Directors has approved the Company’s dividend policy and recommended a dividend payment of RUB 648 per share. 

In line with the Company’s commitment to its long-term goal of increasing shareholder value, the Board of Directors approved a four-year dividend policy for the Company. According to the policy, when making a dividend recommendation to the General Meeting of Shareholders, the Board of Directors will base its decision on the Company’s free cash flow, targeting a consolidated net debt / EBITDA ratio of no less than 1.2x and no more than 1.4x at the end of the year in which the payment is planned. 

X5 will aim to pay dividends twice a year based on its results for the previous reporting year and for the first nine months of the current year, while maintaining its commitment to striking a balance between shareholder interests, the Company’s financial situation and the Company’s need to finance further business development. 

In accordance with the dividend policy and based on the Company’s 2024 financial results and retained earnings from previous years, X5’s Board of Directors has recommended that the Annual General Meeting of Shareholders, scheduled for 27 June 2025, approve a dividend payment in the amount of RUB 648 per share (before taxes and fees). The Board has also recommended that 9 July 2025 be set as the record date for eligibility to receive dividends. 

Press release

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