* EBITDA = profit before taxation – interest receivable + interest payable – revenue from participation in other companies + depreciation & amortization.

The Company’s revenue amounted to RUB 97 billion 672.9 million, which is 16.1% higher than for the same period of 2020. The main factor of the revenue increase was growing wholesale electricity and heat demand in the North-West on the back of lower air temperature.

Production costs increased by 15.8% to RUB 85 billion 884.8 million, resulting from increased production volume. The main cause for the costs growth was growing fuel expenses, on the back of increased electricity and heat production.

TGC-1's gross profit increased to RUB 11 billion 788.0 million. EBITDA amounted to RUB 17 billion 983.3 million. Net profit amounted to RUB 8 billion 675.2 million (+28.3%).

To find out more about the financial performance of TGC-1 for the 2021FY, please visit the Reports section at the corporate website.

About

TGC-1 (part of the Gazprom Energoholding Group) is a leading producer and supplier of electricity and heat in the North-West of Russia. TGC-1 comprises 52 power plants within four constituent entities of the Russian Federation: St. Petersburg, the Republic of Karelia, and Leningrad and Murmansk Oblasts.

TGC-1 installed electric capacity of the Company’s stations amounts to 6.9 GW and heating capacity of 13.5 thous. Gcal/hr. Major shareholders are Gazprom Energoholding LLC (51.79%) and Fortum Power and Heat Oy (29.45%).

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