Frontierby eninvs

Language: EN · RU

← Region

Rosneft USD

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: Oil & Gas

RU_ROSN

Price chart

383.5 RUBDay -0.80%

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
383.5 RUB · -0.80%
Market cap
57.0 bn USD

Growth

Δ revenue y/y
-11.0%
Δ EBITDA y/y
24.0%

Multiples

P/E (LTM)
9.5x
3y avg: 5.6x
P/B (FY)
0.4x
P/E (ann.)
6.3x
EV/EBITDA (LTM)
—
3y avg: 110.9x
EV/EBITDA (ann.)
88.9x

Cash return

Dividend yield
6.5%
FCF yield (LTM)
0.0%

Liquidity

Daily turnover (MOEX)
1.3 bln 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: 15 / Warn: 1 / Err: 3 / Autofix applied: 0
Port of PHP subtotal-total + sign-flip detection logic
PeriodIssues
2023-03-31 Q1✓OK
2023-06-30 Q2✓OK
2023-09-30 9M✓OK
2023-09-30 Q3✓OK
2023-12-31 FY✓OK
2023-12-31 Q4✓OK
2024-03-31 Q1✗Errors 1
2024-06-30 Q2✓OK
2024-09-30 9M✓OK
2024-09-30 Q3✓OK
2024-12-31 FY✗Errors 1
2024-12-31 Q4⚠Warn 1
2025-03-31 Q1✗Errors 2
2025-06-30 Q2✓OK
2025-09-30 9M✓OK
2025-09-30 Q3✓OK
2025-12-31 FY✓OK
2025-12-31 Q4✓OK
2026-03-31 Q1✓OK
✓ All checks pass · ⚠ Has warnings (review) · ✗ Has errors (needs fix) · ✓* Autofix applied (see evidence)

Financial dynamics

Monetary columns are in B USD, 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 USDOperating profitB USDD&AB USDEBITDAB USDNet profitB USDOperating CFB USDCapex + M&AB USDAssetsB USDEquityB USDROE (annualized)Net debtB USDSource
2026-03-31Q1 2026 (3M)OK28.5
y/y -11.0%
4.6
y/y -7.3%
5.6
y/y 72.3%
10.2
y/y 24.0%
2.3
y/y -41.5%
——309.2
y/y 7.4%
129.9
y/y 1.4%
7.1%3572.4Link
2025-12-31FY 2025 (12M)OK27.3
y/y -19.8%
3.8
y/y -40.1%
3.6
y/y 10.3%
7.4
y/y -23.1%
0.9
y/y -67.7%
——302.4
y/y 4.2%
127.3
y/y -0.9%
6.0%3572.4Link
2025-09-30Q3 2025 (3M)OK28.4
y/y -19.5%
3.3
y/y -48.0%
3.6
y/y 19.6%
6.8
y/y -26.1%
0.9
y/y -68.7%
——303.3
y/y 10.1%
129.0
y/y -0.3%
0.9%3572.4Link
2025-06-30Q2 2025 (3M)OK27.8
y/y -23.9%
3.2
y/y -61.1%
3.2
y/y 11.9%
6.3
y/y -42.3%
2.0
y/y -69.3%
7.7-5.0284.8
y/y —
126.8
y/y —
6.2%3572.4Link
2025-03-31Q1 2025 (3M)OK32.0
y/y -12.0%
5.0
y/y -44.9%
3.2
y/y 15.5%
8.2
y/y -30.6%
3.9
y/y -43.0%
5.1-5.7287.8
y/y 6.7%
128.1
y/y 2.0%
12.1%3572.4Link
2024-12-31FY 2024 (12M)OK34.1
y/y —
6.4
y/y -10.4%
3.3
y/y 51.6%
9.6
y/y 3.9%
2.8
y/y -48.3%
9.7-5.6290.1
y/y 10.1%
128.4
y/y 8.8%
14.6%3572.4Link
2024-09-30Q3 2024 (3M)OK35.3
y/y -34.2%
6.3
y/y 0.0%
3.0
y/y 0.0%
9.3
y/y 0.0%
2.8
y/y 0.0%
9.6-4.9275.6
y/y 0.0%
129.4
y/y 0.0%
—3212.4Link
2024-06-30Q2 2024 (3M)PARTIAL36.5
y/y -22.9%
8.1
y/y 0.0%
2.8
y/y 0.5%
11.0
y/y 0.1%
6.4
y/y -49.3%
9.0-5.8—
y/y —
—
y/y —
—2887.7Link
2024-03-31Q1 2024 (3M)OK36.4
y/y -23.1%
9.1
y/y 0.0%
2.8
y/y -0.5%
11.9
y/y -0.1%
6.8
y/y 1057.1%
6.2-3.8269.8
y/y —
125.5
y/y —
22.4%2944.0Link
2023-12-31FY 2023 (12M)OK—
y/y —
7.1
y/y —
2.1
y/y —
9.3
y/y —
5.5
y/y —
14.0-2.3263.5
y/y —
118.0
y/y —
17.3%2483.1Link
2023-09-30Q3 2023 (3M)OK53.6
y/y —
6.3
y/y —
3.0
y/y —
9.3
y/y —
2.8
y/y —
9.6-4.9275.6
y/y —
129.4
y/y —
2.9%2431.9Link
2023-06-30Q2 2023 (3M)OK47.3
y/y —
8.1
y/y —
2.8
y/y —
11.0
y/y —
12.6
y/y —
9.0-5.8268.7
y/y —
125.8
y/y —
—2380.8Link
2023-03-31Q1 2023 (3M)PARTIAL47.3
y/y —
9.1
y/y —
2.8
y/y —
11.9
y/y —
0.6
y/y —
6.2-3.8—
y/y —
—
y/y —
—2750.8Link
Data quality — review suggested

Production & Reserves

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

Oil & Gas

Annual production
1 832 mln boe
2025

Production

YearProduction, mln boe
20251 832
20241 900

Rosneft FY2025 IFRS results (rosneft.com): hydrocarbons 246.6 Mtoe (5.02 mln boepd) ≈ 1,832 mln boe/yr; -3.6% YoY vs 255.9 Mtoe FY2024 (OPEC+ quotas). boe/yr conversion ours. PRMS 2P reserves in tonnes (~11.4 bn toe), not shown.

Revenue & EBITDA

RevenueEBITDA

Quarterly values ($ mln)

-20 000020 00040 00060 00080 0002023 q42024 q12024 q22024 q32024 q42025 q12025 q22025 q32025 q42026 q1

Year-over-year change

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

Cash flow

Net debt / cash ($ mln)

01 000 0002 000 0003 000 0004 000 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). Oil & gas upside may be overstated: mineral-extraction tax / export duty rise with price but costs are not re-priced here.

Upside (conservative): +42% · spot +174% · 3-yr +42%

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

1 · Reported baseline (latest FY)
Revenue8.24 trn RUB
EBITDA2.06 trn RUB
Cash costs (revenue − EBITDA)6.18 trn RUB
2 · Revenue projection
Multiplier — spot×1.22 (+22%)
= Spot revenue10.07 trn RUB
Multiplier — 3-yr prices×1.05 (+5%)
= 3-yr-price revenue8.68 trn RUB
3 · Cost projection (held flat)
Cost multiplier×1.00 (+0%)
= Cash costs6.18 trn RUB
4 · EBITDA projection (revenue − costs)
= Spot EBITDA3.89 trn RUB
= 3-yr-price EBITDA2.50 trn RUB
Conservative EBITDA = min(spot, 3-yr)2.50 trn RUB
5 · Valuation → target market cap
EV/EBITDA (current)4.1x
Target EV = EV/EBITDA × conservative EBITDA10.19 trn RUB
Net debt4.08 trn RUB
Target market cap = EV − net debt6.11 trn RUB
Current market cap4.29 trn RUB

Upside = target market cap ÷ current − 1 = +42%

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)
Brent88%94.6769.09+37%+25%+6%

Dividends

No dividend rows found for this issuer.

Investor reporting (IR): https://www.e-disclosure.ru/portal/files.aspx?id=6505

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