According
to the prepared in accordance with the Russian Accounting Standards
statements for 12 months of 2024, revenue of Rosseti Centre and Volga
region, PJSC (the ticker – MRKP) was 140 072,6 mln RUB,
including from electric energy transmission – 131 216,5 mln
RUB, from grid connections – 4 891,1 mln RUB and other revenue
– 3 965,0 mln RUB. Sales profit1 was 23 130,0
mln RUB. Earnings before interest, taxes, depreciation and
amortization (EBITDA2) reached 38 503,9 mln RUB,
EBITDA margin increased by 0,7 p.p. and amounted to 27,5%. Net profit
increased to 13 626,8 mln RUB.
Data
in million RUB, unless specified otherwise
Indicators
|
12M
2024
|
12M
2023
|
Change
|
Revenue
(total), including:
|
140
072,6
|
130
014,9
|
7,7%
|
Revenue
from electric energy transmission
|
131
216,5
|
121
191,1
|
8,3%
|
Revenue
from grid connection
|
4
891,1
|
5
429,0
|
-9,9%
|
Other
revenue
|
3
965,0
|
3
394,8
|
16,8%
|
Cost
of sales
|
116
132,5
|
106
450,0
|
9,1%
|
Sales
profit1
|
23
130,0
|
22
791,6
|
1,5%
|
Sales
profit margin, %
|
16,5%
|
17,5%
|
0,7
p.p.
|
EBITDA2
|
38
503,9
|
33
597,8
|
14,6%
|
EBITDA
margin, %
|
27,5%
|
25,8%
|
0,7
p.p.
|
Net
profit
|
13
626,8
|
13
580,0
|
0,3%
|
Net
profit margin, %
|
9,7%
|
10,4%
|
0,8
p.p.
|
Amount
of electric energy transmitted*, million kWh
|
51 696,1
|
50 302,2
|
2,8%
|
Electric
energy losses, %
|
7,21%
|
7,32%
|
-0,11
p.p.
|
Indicators
|
As
of 31.12.2024
|
As
of 31.12.2023
|
Change
|
Total
assets
|
195
040,0
|
181
391,7
|
7,5%
|
Net
assets
|
108
899,1
|
100 215,4
|
8,7%
|
Net
debt3
|
9
505,6
|
13 651,2
|
-30,4%
|
The
volume of electricity transmission services for 2024 compared to 2023
increased by 2,8% and amounted to 51 696,1 million kWh, which is
due to air temperature fluctuations, increased electricity
consumption by a number of industrial consumers, as well as the
presence of an additional leap day. The largest increase in
electricity consumption was observed in the Kaluga and Kirov regions.
Thanks to the implementation of a set of organizational and
technological measures in the Company, a decrease in the level of
electricity losses from 7,32% to 7,21% (by 0,11 p.p.) was achieved
for 12 months of 2024.
The
revenue from electricity transmission services increased by 8,3% due
to growth in electricity consumption in the regions of presence and
indexation of tariff rates for electricity transmission services from
1 July 2024. A decrease in the revenue from grid connections by 9,9%
is due to the completion of a large grid connection agreement in the
Tula region at the end of 2023. The other revenue increased by 16,8%
as a result of ongoing work to increase the volume of value-added
services provided, including repair and maintenance of outdoor
lighting networks, installation of architectural and artistic
lighting, construction and reconstruction of power grid facilities.
The
cost of sales for 12 months of 2024 increased by 9,1% and amounted to
116 132,5 mln RUB, which is due to an increase in operating
expenses due to inflationary pressure, including an increase in the
services of grid organizations, growth in the cost of purchased
electricity to compensate for losses, an increase in depreciation and
indexation of employee wages.
The
EBITDA indicator increased by 14,6% and amounted to 38 503,9 mln
RUB. The growth of the indicator is due to the fact that the rate of
change in the cost of sales was lower than the rate of revenue
growth. The net profit margin increased to 9,7%, while the financial
result for 2024 amounted to 13 626,8 mln RUB.
The
Company’s total assets at the end of 2024 increased by 7,5% and
amounted to 195 040,0 mln RUB. The Company’s net assets grew
by 8,7% and reached 108 899,1 mln RUB. The net debt decreased to
9 505,6 mln RUB (as of 31 December 2023 – 13 651,2 mln
RUB).
The
Company’s statements for 12 months of 2024 can be found at:
https://www.mrsk-cp.ru/stockholder_investor/disclosure_reporting_info/finansovaya-informatsiya-i-otchetnost/bukhgalterskaya-otchetnost-mrsk-tsentra-i-privolzhya/.
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