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Phosagro RUB

Update

Re-runs extraction for each period with period-end year from max(2023, current year − 2) through the current year, oldest first (up to three reporting years). This can take a long time.

Sector: Chemicals

RU_PHOR

Price chart

6 117 RUBDay -1.81%

Key metrics

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.

Market

Price
6 117 RUB · -1.81%
Market cap
792.2 bn RUB

Growth

Δ revenue y/y
-17.5%
Δ EBITDA y/y
-44.0%

Multiples

P/E (LTM)
11.9x
3y avg: 9.0x
P/B (FY)
3.3x
EV/EBITDA (LTM)
7.3x
3y avg: 6.4x
EV/EBITDA (ann.)
10.3x

Cash return

Dividend yield
7.2%
FCF yield (LTM)
8.3%

Liquidity

Daily turnover (MOEX)
389.5 mln RUB

Shares: connector/market_inputs

Amounts: USD (converted) · As reported
Converted modes use NBK / ECB-linked rates: balance sheet date for BS items, period average for P&L and cash flow (see filing row evidence). As reported keeps each row in its filing currency.

🔍 Sanity check — subtotal consistency (Level-1 + Level-2) OK: 0 / Warn: 7 / Err: 11 / Autofix applied: 0
Port of PHP subtotal-total + sign-flip detection logic
PeriodIssues
2023-03-31 Q1⚠Warn 1
2023-06-30 Q2⚠Warn 1
2023-09-30 9M⚠Warn 1
2023-09-30 Q3⚠Warn 1
2023-12-31 FY⚠Warn 1
2023-12-31 Q4⚠Warn 1
2024-03-31 Q1✗Errors 1Warn 3
2024-06-30 Q2✗Errors 2Warn 1
2024-09-30 9M⚠Warn 1
2024-09-30 Q3✗Errors 1Warn 3
2024-12-31 FY✗Errors 1Warn 2
2024-12-31 Q4✗Errors 1Warn 3
2025-03-31 Q1✗Errors 2Warn 2
2025-06-30 Q2✗Errors 1Warn 1
2025-09-30 Q3✗Errors 2Warn 3
2025-12-31 FY✗Errors 1Warn 2
2025-12-31 Q4✗Errors 1Warn 2
2026-03-31 Q1✗Errors 2Warn 2
✓ All checks pass · ⚠ Has warnings (review) · ✗ Has errors (needs fix) · ✓* Autofix applied (see evidence)

Financial dynamics

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.

DatePeriodStatusRevenueB RUBOperating profitB RUBD&AB RUBEBITDAB RUBNet profitB RUBOperating CFB RUBCapex + M&AB RUBAssetsB RUBEquityB RUBROE (annualized)Net debtB RUBSource
2026-03-31Q1 2026 (3M)OK131.5
y/y -17.5%
16.2
y/y -58.2%
11.1
y/y 11.2%
27.3
y/y -44.0%
0.2
y/y -99.5%
16.2-17.9676.3
y/y 14.5%
243.6
y/y 14.7%
0.4%334.0Link
2025-12-31FY 2025 (12M)OK131.9
y/y -3.5%
20.3
y/y -54.8%
10.4
y/y 20.2%
30.7
y/y -42.7%
18.6
y/y -5.6%
20.3-19.6663.9
y/y 12.1%
239.8
y/y 45.6%
49.8%331.8Link
2025-09-30Q3 2025 (3M)OK143.2
y/y 10.6%
40.5
y/y 2.3%
10.6
y/y 13.1%
51.1
y/y 4.4%
20.1
y/y 77.6%
40.5-15.7613.7
y/y 2.7%
219.3
y/y 36.0%
12.0%304.2Link
2025-06-30Q2 2025 (3M)OK139.2
y/y 13.8%
36.0
y/y 37.4%
9.8
y/y 4.9%
45.8
y/y 28.9%
27.9
y/y -19.7%
36.0-15.2597.1
y/y 1.4%
229.0
y/y 38.7%
50.5%265.5Link
2025-03-31Q1 2025 (3M)OK159.4
y/y 33.6%
38.8
y/y 30.2%
10.0
y/y 8.0%
48.8
y/y 25.0%
47.7
y/y 154.1%
38.8-16.8590.9
y/y 10.4%
212.4
y/y 24.7%
101.1%282.8Link
2024-12-31FY 2024 (12M)OK136.7
y/y 22.6%
44.9
y/y 89.0%
8.6
y/y 5.2%
53.5
y/y 67.4%
19.7
y/y -33.1%
44.9-20.5592.5
y/y 12.7%
164.7
y/y 8.7%
51.8%345.3Link
2024-09-30Q3 2024 (3M)OK129.5
y/y 11.5%
39.6
y/y -14.4%
9.4
y/y 12.0%
48.9
y/y -10.4%
11.3
y/y -25.7%
39.6-18.9597.8
y/y 20.7%
161.3
y/y 0.8%
9.3%307.9Link
2024-06-30Q2 2024 (3M)OK122.3
y/y 26.6%
26.2
y/y -21.1%
9.3
y/y 17.9%
35.5
y/y -13.6%
34.7
y/y 158.3%
26.2-20.6588.7
y/y 23.8%
165.1
y/y 14.1%
82.8%269.3Link
2024-03-31Q1 2024 (3M)OK119.3
y/y 2.7%
29.8
y/y -37.3%
9.3
y/y 18.3%
39.1
y/y -29.5%
18.8
y/y -33.2%
29.8-15.2535.1
y/y 5.5%
170.4
y/y 2.9%
46.6%273.4Link
2023-12-31FY 2023 (12M)OK111.4
y/y —
23.7
y/y —
8.2
y/y —
31.9
y/y —
29.4
y/y —
23.7-24.1525.6
y/y —
151.6
y/y —
55.3%273.1Link
2023-09-30Q3 2023 (3M)OK116.1
y/y —
46.2
y/y —
8.4
y/y —
54.6
y/y —
15.3
y/y —
46.2-14.2495.2
y/y —
160.0
y/y —
13.4%242.3Link
2023-06-30Q2 2023 (3M)OK96.6
y/y —
33.2
y/y —
7.9
y/y —
41.1
y/y —
13.4
y/y —
33.2-15.5475.6
y/y —
144.7
y/y —
34.7%244.3Link
2023-03-31Q1 2023 (3M)OK116.2
y/y —
47.6
y/y —
7.8
y/y —
55.4
y/y —
28.1
y/y —
47.6-10.4507.0
y/y —
165.6
y/y —
—209.7Link
Data quality No obvious scale, balance-sheet, or cash-flow sanity issues in the displayed periods.

Production & Reserves

Physical operating metrics — supplementary, not part of the financial statements

Fertilizers / Phosphate

Annual production
12.20 Mt
2025

Production

YearProduction, Mt
202512.20
202411.80
202311.30

PhosAgro FY2025 results (phosagro.com): agrochemical product output 12.2 Mt (+4% YoY); reported cumulative YTD (Q1 3.11, H1 6.12, 9M 9.15 Mt -> implied Q4 ~3.05). FY2024 11.8 Mt. Apatite ore reserves disclosed as ore tonnage only.

Revenue & EBITDA

RevenueEBITDA

Quarterly values ($ mln)

-100 0000100 000200 0002023 q42024 q12024 q22024 q32024 q42025 q12025 q22025 q32025 q42026 q1

Year-over-year change

-2000%0%2000%4000%2023 q42024 q12024 q22024 q32024 q42025 q12025 q22025 q32025 q42026 q1

Cash flow

Net debt / cash ($ mln)

0100 000200 000300 0002023 q42024 q12024 q22024 q32024 q42025 q12025 q22025 q32025 q42026 q1

Commodity price upside

The same staged build as the commodity players: revenue → costs → EBITDA → conservative EBITDA (min of the spot- and 3-yr-average-price cases) → target market cap at the current EV/EBITDA. Costs held flat (a producer has no commodity on the cost side).

USD/RUB: spot 73 vs LTM-avg 80 → ×0.91 (ruble stronger → less RUB revenue); applied to USD-priced commodities (RUB gold left as-is).

Upside (conservative): -72% · spot +12% · 3-yr -72%

How it is calculated — revenue → costs → EBITDA → conservative EBITDA → target market cap

1 · Reported baseline (latest FY)
Revenue573.6 bln RUB
EBITDA176.3 bln RUB
Cash costs (revenue − EBITDA)397.3 bln RUB
2 · Revenue projection
Multiplier — spot×1.03 (+3%)
= Spot revenue588.4 bln RUB
Multiplier — 3-yr prices×0.84 (-16%)
= 3-yr-price revenue481.8 bln RUB
3 · Cost projection (held flat)
Cost multiplier×1.00 (+0%)
= Cash costs397.3 bln RUB
4 · EBITDA projection (revenue − costs)
= Spot EBITDA191.1 bln RUB
= 3-yr-price EBITDA84.5 bln RUB
Conservative EBITDA = min(spot, 3-yr)84.5 bln RUB
5 · Valuation → target market cap
EV/EBITDA (current)6.7x
Target EV = EV/EBITDA × conservative EBITDA566.2 bln RUB
Net debt331.8 bln RUB
Target market cap = EV − net debt234.4 bln RUB
Current market cap850.3 bln RUB

Upside = target market cap ÷ current − 1 = -72%

Product prices — move vs the LTM average; the 'RUB' columns include the USD/RUB move.

CommodityRevenue shareSpotLTM avg$ vs LTMRUB vs LTM (FX)RUB 3-yr (FX)
North America Fertilizer Index90%799.57710.88+12%+3%-18%

Dividends

No dividend rows found for this issuer.

Investor reporting (IR): https://www.e-disclosure.ru/portal/files.aspx?id=573

Reporting forms detected in loaded periods: ✓ ✓ ✓ (Balance sheet / Profit or loss (P&L) / Cash flows)