Sector: Real estate development
RU_APRI
Net debt (table and EV/EBITDA): |short-term borrowings| + |long-term borrowings| + |other financial liabilities| when extracted + |non-controlling interest| when extracted − |cash and equivalents|; amounts in millions of the reporting currency.
Shares: connector/market_inputs
Monetary columns are in B RUB, one decimal; scale (K/M/B/T) keeps values readable. For the period (default) shows P&L and cash flow for that row’s reporting window: quarterly amounts when the feed uses quarter-duration facts (typical US 10-Q revenue and income), quarterly cash flows after stripping YTD where only cumulative tags exist, and an implied Q4 on 31 Dec FY rows (P&L: FY minus Q1–Q3; operating / investing cash flow: FY 12m minus 9M YTD to 30 Sep when sourced from SEC builder evidence) so they match 10-Q scale. Some issuers still use cumulative YTD minus the prior row in the same calendar year. As reported shows values stored on each row (e.g. full-year on FY). Balance sheet is always as reported. Source JSON may use millions etc.; conversion uses amounts_unit per row.
| Date | Period | Status | RevenueB RUB | Operating profitB RUB | D&AB RUB | EBITDAB RUB | Net profitB RUB | Operating CFB RUB | Capex + M&AB RUB | AssetsB RUB | EquityB RUB | ROE (annualized) | Net debtB RUB | Source |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025-12-31 | Q4 2025 (3M) | OK | 9.6 y/y 4.8% | 2.7 y/y 96.3% | 0.0 y/y 144.9% | 2.7 y/y 114.6% | 0.8 y/y -18.0% | -0.9 | -0.5 | 72.8 y/y 19.1% | 9.2 y/y 10.0% | 26.0% | 44.0 | Report (PDF) |
| 2025-09-30 | Q3 2025 (3M) | OK | 6.0 y/y 32.5% | 2.0 y/y 58.9% | 0.1 y/y 60.0% | 2.2 y/y 59.0% | 0.5 y/y 172.2% | -4.1 | -0.8 | 68.5 y/y 25.3% | 8.1 y/y 7.4% | 8.2% | 40.2 | Report (PDF) |
| 2025-06-30 | Q2 2025 (3M) | OK | 4.4 y/y 21.9% | 1.0 y/y -34.9% | 0.0 y/y -97.9% | 1.0 y/y -35.6% | 0.2 y/y -72.6% | -1.8 | 0.0 | 63.7 y/y 32.3% | 7.8 y/y 20.4% | 7.7% | 34.9 | Report (PDF) |
| 2025-03-31 | Q1 2025 (3M) | OK | 4.9 y/y -17.4% | 1.9 y/y 1.2% | 0.0 y/y -81.6% | 1.9 y/y -3.1% | 0.8 y/y 13.6% | -2.1 | 0.0 | 63.3 y/y 52.4% | 9.2 y/y 59.7% | 37.2% | 33.5 | Report (PDF) |
| 2024-12-31 | Q4 2024 (3M) | OK | 9.2 y/y 453.7% | 1.4 y/y — | -0.1 y/y -112.8% | 1.3 y/y 345.9% | 0.9 y/y — | 7.2 | 1.1 | 61.2 y/y 81.8% | 8.4 y/y 66.3% | 30.7% | 32.4 | Report (PDF) |
| 2024-09-30 | Q3 2024 (3M) | OK | 4.5 y/y 36.6% | 1.3 y/y -35.0% | 0.1 y/y 37.7% | 1.4 y/y -32.9% | 0.2 y/y -85.7% | -6.9 | -0.1 | 54.6 y/y — | 7.6 y/y — | 3.4% | 27.1 | Report (PDF) |
| 2024-06-30 | Q2 2024 (3M) | OK | 3.6 y/y — | 1.5 y/y 113.8% | 0.0 y/y — | 1.5 y/y 116.1% | 0.6 y/y 29.0% | -0.3 | -1.0 | 48.2 y/y — | 6.5 y/y — | 39.0% | 25.7 | Report (PDF) |
| 2024-03-31 | Q1 2024 (3M) | OK | 5.9 y/y — | 1.9 y/y 706.7% | 0.1 y/y -79.9% | 2.0 y/y 166.0% | 0.7 y/y 1093.5% | -6.5 | -1.1 | 41.5 y/y — | 5.7 y/y — | 53.3% | 22.3 | Report (PDF) |
| 2023-12-31 | Q4 2023 (3M) | OK | 1.7 y/y — | 0.0 y/y — | 0.7 y/y — | -0.5 y/y — | 0.0 y/y — | 0.7 | -0.1 | 33.6 y/y — | 5.0 y/y — | — | 16.8 | Report (PDF) |
| 2023-09-30 | Q3 2023 (3M) | PARTIAL | 3.3 y/y — | 2.0 y/y — | 0.1 y/y — | 2.0 y/y — | 1.3 y/y — | 0.5 | -0.1 | — y/y — | — y/y — | — | 12.9 | Report (PDF) |
| 2023-06-30 | Q2 2023 (3M) | PARTIAL | — y/y — | 0.7 y/y — | — y/y — | 0.7 y/y — | 0.5 y/y — | -1.4 | 0.0 | — y/y — | — y/y — | — | 9.0 | — |
| 2023-03-31 | Q1 2023 (3M) | PARTIAL | — y/y — | 0.2 y/y — | 0.5 y/y — | 0.7 y/y — | 0.1 y/y — | — | — | — y/y — | — y/y — | — | 5.0 | — |
Quarterly values (₽ mln)
Year-over-year change
FCF (₽ mln)
Net debt / cash (₽ mln)
Developers fund construction with project financing and, under IAS 23, capitalize the interest into inventory (construction-in-progress) instead of expensing it. At a high key rate this understates the true interest burden in EBITDA and net profit. Below: earnings as if ALL interest were expensed.
ⓘ APRI expenses most of its interest (RUB 1,961mln finance costs in 2024, already in net profit) and additionally capitalizes some project-financing interest into inventory (IAS 23), but the capitalized amount is not separately disclosed — a precise ex-capitalization figure cannot be shown.
95 projects building · 0.22m m² · 4 118 flats
escrow accounts: 100%overdue delivery: 4matched SPVs: 13
Commissioning, m m²: actual 2022: 0.13 · 2023: 0.12 · 2024: 0.22 · 2025: 0.07 · 2026: 0.04 · planned 2026: 0.19 · 2027: 0.02
→ Commissioning: last full year -69% YoY · 2026 exp. 0.23m (+243% — accelerating)
Geography (area): код 74 162k m² · Свердловская обл. 53k m²
Source: DOM.RF ЕИСЖС, snapshot 2026-07-29, updated monthly. Projects are matched by developer brand — groups whose SPVs use project names (notably PIK) are only PARTIALLY covered, so levels are a lower bound; read the month-over-month trend and ratios (escrow, timing, regions).
Value the company creates per year, as a % of market cap
Value created per year: -24.8%
| 1. EBITDA growth (latest quarter YoY, annualised) [EBITDA latest qtr − EBITDA year-ago qtr] × annualisation X (2025-12-31 vs 2024-12-31) = (2 702 − 1 354) × 2.88 | 971 |
| 2. Current EV/EBITDA (LTM) (Market cap + Net debt) ÷ EBITDA (LTM) = (18 171 + 43 959) ÷ 7 783 | 8.0x |
| 3. Target multiple (Current EV/EBITDA + 6.5) ÷ 2 = (8.0 + 6.5) ÷ 2 | 7.2x |
| 4. Cash flow (balance method, LTM) Net-debt reduction + dividends + buybacks − equity issuance = -11 530 + 0 + 0 − 0 | -11 530 |
| 5. Value created per year (EBITDA growth × Target multiple + Cash flow − Dilution) ÷ Market cap = (971 × 7.2 + -11 530) ÷ 18 171 | -24.8% |
Amounts in millions of the reporting currency. EBITDA growth is the latest quarter vs the same quarter a year ago, annualised.
Caveats:
No dividend rows found for this issuer.
Substantive mentions last 7 days: 0, last 30 days: 0 across tracked channels, broker research and shows.
Sources: Telegram channels (bloggers — blue chip, broker research — green), YouTube shows via transcripts (orange). Tone (▲/▼) is an automatic assessment in the stock's context. Quotes are fragmentary; authors' views are not our recommendations.
Reporting forms detected in loaded periods: ✓ ✓ ✓ (Balance sheet / Profit or loss (P&L) / Cash flows)
Financial results, valuation multiples (P/E, P/B, EV/EBITDA), profitability and dividend yield of APRI — from primary filings.