According to the prepared in accordance with the Russian Accounting Standards statements for 9 months of 2024, revenue of Rosseti Centre, PJSC (the ticker – MRKC) was 93 976,1 mln RUB, including from electric energy transmission – 88 347,3 mln RUB, from grid connections – 2 996,1 mln RUB and other revenue – 2 632,7 mln RUB. Sales profit¹ was 12 809,2 mln RUB. Earnings before interest, taxes, depreciation and amortization (EBITDA²) increased by 12,7% and reached 23 387,5 mln RUB. Net profit amounted to 6 722,7 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: Profit before tax + Interest payable + Depreciation

^[3] Net debt is calculated as follows: long-term borrowed funds + short-term borrowed funds – 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 electricity transmission services was 35 916,8 million kWh. Compared to the same period last year, there was an increase in the volume of services by 3,9%, which is mainly due to changes in the power consumption patterns of large consumers, as well as the climatic factor due to fluctuations in ambient temperature relative to the same period last year. As a result of comprehensive work to reduce electricity losses, their level has dropped to 9,39% (by 0,19 p.p.).

The revenue from electricity transmission services following the results of 9 months of 2024 increased by 7,7% relative to the same period in 2023 due to growth in electricity consumption and increase in the electricity transmission tariff from 1 July 2024 in the regions of presence. The revenue from grid connection services following the results of 9 months of 2024 increased by 17,8% compared to the previous year due to revenue growth in the category up to 150 kW, as well as the execution of large grid connection contracts in the Voronezh and Kursk regions. The other revenue for 9 months of 2024 decreased by 4,7% and amounted to 2 632,7 mln RUB, which is due to the implementation in 2023 of a large volume of work under contracts for the performance of work on improvement and creation of a comfortable urban environment.

The cost of sales following the results of 9 months of 2024 increased by 6,9% relative to the same period last year and amounted to 79 934,6 mln RUB. The growth rate of expenses does not exceed the growth rate of revenue, which ensured an increase in sales profit by 9,1%.

The EBITDA² indicator increased by 12,7% and amounted to 23 387,5 mln RUB, the EBITDA margin increased by 1,2 p.p. relative to the same period last year and amounted to 24,9%. The net profit reached the level of 6 722,7 mln RUB, which is 4,9% more than the same indicator last year.

The Company’s total assets as of 30 September 2024 increased and amounted to 152 026,1 mln RUB. The Company’s net assets grew up by 5,0% and reached 63 934,5 mln RUB. The net debt³ decreased by 11,3% in comparison with 31 December 2023 and amounted to 27 731,4 mln RUB.

The Company’s statements for 9 months of 2024 can be found at: https://mrsk-1.ru/en/information/statements/rsbu/2024/.