Sector: Utilities
RU_MSRS
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026-03-31 | Q1 2026 (3M) | OK | 84.2 y/y 21.9% | 21.4 y/y 31.6% | 7.8 y/y 16.1% | 29.2 y/y 27.0% | 14.4 y/y 34.1% | 35.1 | -28.3 | 593.8 y/y 17.8% | 272.0 y/y 16.3% | 21.8% | 57.5 | Report (PDF) |
| 2025-12-31 | Q4 2025 (3M) | OK | 85.2 y/y 20.1% | 20.2 y/y 542.4% | 7.8 y/y 9.4% | 28.0 y/y 990.9% | 14.2 y/y 260.5% | 29.0 | -24.3 | 577.4 y/y 15.4% | 257.4 y/y 15.3% | 16.7% | 64.8 | Report (PDF) |
| 2025-09-30 | Q3 2025 (3M) | OK | 69.7 y/y 18.1% | 15.4 y/y 35.7% | 7.5 y/y 9.2% | 22.9 y/y 25.7% | 11.0 y/y 24.0% | 24.2 | -24.6 | 542.9 y/y 18.8% | 243.3 y/y 4.8% | 6.1% | 70.6 | Report (PDF) |
| 2025-06-30 | Q2 2025 (3M) | OK | 61.0 y/y 12.0% | 11.1 y/y 45.2% | 7.7 y/y 14.8% | 18.8 y/y 31.1% | 5.9 y/y 21.3% | 22.4 | -22.2 | 521.4 y/y 18.9% | 232.2 y/y 4.0% | 10.1% | 62.9 | Report (PDF) |
| 2025-03-31 | Q1 2025 (3M) | OK | 69.0 y/y 7.0% | 16.2 y/y 40.2% | 6.7 y/y 2.9% | 23.0 y/y 26.7% | 10.7 y/y 23.3% | 22.6 | -30.3 | 504.1 y/y 16.5% | 233.9 y/y 3.9% | 18.8% | 61.6 | Report (PDF) |
| 2024-12-31 | Q4 2024 (3M) | OK | 70.9 y/y 8.1% | -4.6 y/y -198.6% | 7.1 y/y 15.3% | 2.6 y/y -76.3% | -8.8 y/y -375.8% | 17.2 | -26.8 | 500.4 y/y 19.5% | 223.2 y/y 3.2% | 6.0% | 54.8 | Report (PDF) |
| 2024-09-30 | Q3 2024 (3M) | OK | 59.1 y/y 11.8% | 11.4 y/y 9.4% | 6.8 y/y 14.4% | 18.2 y/y 11.3% | 8.8 y/y 12.2% | 26.9 | -18.7 | 457.1 y/y 14.7% | 232.1 y/y 8.9% | 5.2% | 45.8 | Report (PDF) |
| 2024-06-30 | Q2 2024 (3M) | OK | 54.5 y/y 8.0% | 7.7 y/y 48.2% | 6.7 y/y 15.0% | 14.3 y/y 30.6% | 4.9 y/y 44.7% | 15.7 | -17.7 | 438.7 y/y 12.5% | 223.2 y/y 8.8% | 8.7% | 46.9 | Report (PDF) |
| 2024-03-31 | Q1 2024 (3M) | OK | 64.5 y/y 6.8% | 11.6 y/y -22.5% | 6.6 y/y 13.0% | 18.1 y/y -12.6% | 8.7 y/y -26.5% | 24.0 | -16.2 | 432.9 y/y 11.7% | 225.1 y/y 11.3% | 15.8% | 45.1 | Report (PDF) |
| 2023-12-31 | Q4 2023 (3M) | OK | 65.6 y/y — | 4.6 y/y — | 6.2 y/y — | 10.8 y/y — | 3.2 y/y — | 16.1 | -34.8 | 418.6 y/y — | 216.3 y/y — | 12.2% | 52.9 | Report (PDF) |
| 2023-09-30 | Q3 2023 (3M) | OK | 52.8 y/y — | 10.4 y/y — | 6.0 y/y — | 16.4 y/y — | 7.9 y/y — | 17.8 | -13.5 | 398.6 y/y — | 213.1 y/y — | 5.0% | 47.2 | Report (PDF) |
| 2023-06-30 | Q2 2023 (3M) | OK | 50.5 y/y — | 5.2 y/y — | 5.8 y/y — | 11.0 y/y — | 3.4 y/y — | 9.4 | -0.5 | 389.9 y/y — | 205.1 y/y — | 6.6% | 48.3 | Report (PDF) |
| 2023-03-31 | Q1 2023 (3M) | OK | 60.4 y/y — | 15.0 y/y — | 5.8 y/y — | 20.8 y/y — | 11.9 y/y — | 20.5 | -12.1 | 387.4 y/y — | 202.3 y/y — | — | 47.2 | Report (PDF) |
Quarterly values (₽ mln)
Year-over-year change
FCF (₽ mln)
Net debt / cash (₽ mln)
ИПР financial plan (Form 19), ₽bn:
| 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 | |
|---|---|---|---|---|---|---|---|---|
| Net profit (ИПР) | 19.4 | 19.2 | 40.0 | 46.1 | 69.2 | 85.6 | 95.8 | 106.1 |
| Dividends (ИПР) | 7.0 | 7.3 | 9.0 | 11.5 | 13.8 | 15.4 | 17.0 | 18.3 |
| div, % cur. MCap | 9.5% | 10.0% | 12.3% | 15.7% | 18.8% | 21.1% | 23.3% | 25.0% |
Source — Minenergo ИПР order + Form 19 financial plan (МРСК consolidated). Net profit and dividends are the ИПР's own planned figures (correction proposal preferred), not actuals.
Regulated indexation (plan, RF average). Distribution grid transmission-tariff indexation: 2026 from Oct +15.2% · 2027 from Jul +15.3% · 2028 from Jul +11.2%
Russian MinEc socio-economic forecast 2026–2028 (Sep 2025) + FAS orders
Value the company creates per year, as a % of market cap
Value created per year: +97.4%
| 1. EBITDA growth (latest quarter YoY, annualised) [EBITDA latest qtr − EBITDA year-ago qtr] × annualisation X (2026-03-31 vs 2025-03-31) = (29 208 − 22 991) × 3.39 | 16 885 |
| 2. Current EV/EBITDA (LTM) (Market cap + Net debt) ÷ EBITDA (LTM) = (76 494 + 57 470) ÷ 98 883 | 1.4x |
| 3. Target multiple (Current EV/EBITDA + 6.5) ÷ 2 = (1.4 + 6.5) ÷ 2 | 3.9x |
| 4. Cash flow (balance method, LTM) Net-debt reduction + dividends + buybacks − equity issuance = 4 156 + 4 074 + 0 − 0 | 8 230 |
| 5. Value created per year (EBITDA growth × Target multiple + Cash flow − Dilution) ÷ Market cap = (16 885 × 3.9 + 8 230) ÷ 76 494 | +97.4% |
Amounts in millions of the reporting currency. EBITDA growth is the latest quarter vs the same quarter a year ago, annualised.
Caveats:
Expected dividend: 11498 mln RUB · 15.7% · upside +10%
ИПР-planned dividend (company pays) Last actual payout: 2026.
| Year | ИПР plan, mln | Actual, mln |
|---|---|---|
| 2025 | 8993 | 7332 |
| 2026 | 11498 | 9084 |
| 2027 | 13773 | — |
| 2028 | 15442 | — |
| 2029 | 17003 | — |
| 2030 | 18251 | — |
For grids the dividend is judged from the ИПР plan, discounted by actual payment practice and board decisions (the ИПР plan is often not executed).
Dividend-model upside: +22%
The payout is forecast from smoothed profit × payout ratio, capped by free cash flow (developers exempt — escrow) and floored at the recent actual dividend (companies hold payouts while profitable). Fair yield = key rate + the historical yield-spread to the rate (so growers that historically traded below the rate score higher). Upside = fair price / current − 1.
| 1 · Forecast dividend (per policy) | |
| Smoothed net profit (median YTD-ann./LTM/FY) | 45 bn RUB |
| Payout ratio | 40% |
| Free cash flow (FY, OCF − capex) — not a cap (leverage 0.7x) | -3 bn RUB |
| Recent actual dividend (3-yr median) | 0.19 ₽ |
| = Forecast dividend per share | 0.19 ₽ |
| 2 · Fair yield (spread to key rate) | |
| CBR key rate | 14.2% |
| Historical yield spread to rate (3-yr median) | -7.7 pp |
| = Fair dividend yield | 10.8% |
| 3 · Valuation → upside | |
| Current price | 1.50 ₽ |
| Forecast dividend yield | 12.4% |
| Fair price (dividend-based) | 1.83 ₽ |
Forecast, not investment advice. Earnings annualization and policy assumptions are estimates.
Paid, trailing 12-mo: 0.19 RUB/sh · 12.4%
| Pay year | Dividend /sh | |
|---|---|---|
| 2026 | 0.19 ₽ | |
| 2025 | 0.15 ₽ | |
| 2024 | 0.14 ₽ | |
| 2023 | 0.10 ₽ | |
| 2022 | 0.10 ₽ | |
| 2021 | 0.05 ₽ | |
| 2020 | 0.07 ₽ | |
| 2019 | 0.06 ₽ |
| Period | Ex-date | /sh |
|---|---|---|
| 2026 q3 | 2026-07-02 | 0.19 ₽ |
| 2025 q3 | 2025-07-07 | 0.15 ₽ |
| 2024 q3 | 2024-07-04 | 0.14 ₽ |
| 2023 q2 | 2023-06-28 | 0.01 ₽ |
| 2023 q1 | 2023-01-04 | 0.08 ₽ |
| 2022 q2 | 2022-06-29 | 0.10 ₽ |
| 2021 q2 | 2021-05-28 | 0.05 ₽ |
| 2020 q2 | 2020-06-05 | 0.03 ₽ |
| 2020 q1 | 2020-01-10 | 0.04 ₽ |
| 2019 q2 | 2019-06-21 | 0.06 ₽ |
No dividend rows found for this issuer.
| 25.06.26 | Filing | ★ ▲ Дата определения (фиксации) лиц, имеющих право на осуществление прав по ценным бумагам эмитента Определена дата фиксации прав акционеров на получение дивидендов по обыкновенным акциям 'Россети Московский регион' за 2025 год, которая состоится 3 июля 2026 года. Протокол о данном решении был составлен 24 июня 2026 года. |
| 31.03.26 | Filing | ★ ▲ Присвоение или изменение рейтинга эмитента рейтинговым агентством или иной организацией на основании договора На 31 марта 2026 года кредитный рейтинг ПАО 'Россети Московский регион' был присвоен на уровне ААА|ru|. Рейтинг был выдан Обществом с ограниченной ответственностью 'Национальное Рейтинговое Агентство'. |
| 10.07.26 | AGM / Board | Решения совета директоров (наблюдательного совета) Совет директоров ПАО 'Россети Московский регион' утвердил новый Регламент размещения временно свободных денежных средств. Кворум для принятия решения был достигнут, решение принято большинством голосов. Дата окончания приема опросных листов для голосования - 09.07.2026. |
| 25.06.26 | AGM / Board | Решения общих собраний участников (акционеров) На годовом собрании акционеров ПАО «Россети Московский регион» 19 июня 2026 года было утверждено распределение прибыли за 2025 год с выплатой дивидендов в размере 0,1865 руб. на акцию. Кворум по всем вопросам повестки дня составил более 91%. Также избран новый Совет директоров и Ревизионная комиссия. |
Source: e-disclosure material filings over the last 180 days; ★ — flagged important by the classifier; summaries are automatic.
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 Rosseti Moscow Region (MSRS) — from primary filings.