Sector: Financial Services
RU_T
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 | Net interest incomeB RUB | Net profitB RUB | AssetsB RUB | EquityB RUB | ROE (annualized) | Source |
|---|---|---|---|---|---|---|---|---|
| 2026-03-31 | Q1 2026 (3M) | OK | 149.1 y/y 29.2% | 35.0 y/y 4.5% | 5933.2 y/y 25.4% | 719.7 y/y 27.2% | 20.0% | Report (PDF) |
| 2025-12-31 | Q4 2025 (3M) | OK | 150.7 y/y 20.5% | 72.0 y/y 86.1% | 6083.9 y/y 18.9% | 683.6 y/y 31.5% | 29.2% | Report (PDF) |
| 2025-09-30 | Q3 2025 (3M) | OK | 130.7 y/y 26.1% | 40.1 y/y 6.2% | 5700.4 y/y 14.8% | 633.7 y/y 26.5% | 8.6% | Report (PDF) |
| 2025-06-30 | Q2 2025 (3M) | OK | 123.3 y/y 58.6% | 46.7 y/y 99.4% | 5326.5 y/y 84.7% | 612.6 y/y 107.2% | 31.7% | Report (PDF) |
| 2025-03-31 | Q1 2025 (3M) | OK | 115.4 y/y 57.6% | 33.5 y/y 50.3% | 4731.5 y/y 94.1% | 565.7 y/y 103.0% | 24.7% | Report (PDF) |
| 2024-12-31 | Q4 2024 (3M) | OK | 125.0 y/y 37.7% | 38.7 y/y 14.4% | 5118.0 y/y 125.5% | 519.9 y/y 83.3% | 24.0% | Report (PDF) |
| 2024-09-30 | Q3 2024 (3M) | OK | 103.7 y/y 67.7% | 37.8 y/y 59.9% | 4967.5 y/y — | 500.9 y/y — | 12.7% | Report (PDF) |
| 2024-06-30 | Q2 2024 (3M) | OK | 77.7 y/y 152.2% | 23.4 y/y 224.9% | 2883.5 y/y — | 295.6 y/y — | 32.7% | Report (PDF) |
| 2024-03-31 | Q1 2024 (3M) | OK | 73.2 y/y 56.1% | 22.3 y/y 37.3% | 2437.9 y/y — | 278.7 y/y — | 31.7% | Report (PDF) |
| 2023-12-31 | Q4 2023 (3M) | OK | 90.8 y/y — | 33.8 y/y — | 2269.8 y/y — | 283.6 y/y — | — | Report (PDF) |
| 2023-09-30 | Q3 2023 (3M) | OK | 61.8 y/y — | 23.6 y/y — | — y/y — | — y/y — | — | Report (PDF) |
| 2023-06-30 | Q2 2023 (3M) | OK | 30.8 y/y — | 7.2 y/y — | — y/y — | — y/y — | — | Link |
| 2023-03-31 | Q1 2023 (3M) | OK | 46.9 y/y — | 16.2 y/y — | — y/y — | — y/y — | — | Link |
IFRS decomposition: interest, fee and trading result with provisions, costs and the recurring/non-recurring profit split (bn RUB). Source: eninvs.com.
| Item, bn RUB | 2023 | 2024 | 2025 | YoY |
|---|---|---|---|---|
| Interest income | 300 | 693 | 1 088 | +57% |
| Interest expense | -69.9 | -314 | -568 | -81% |
| Net interest income | 230 | 380 | 520 | +37% |
| Credit-loss provisions | -100 | -259 | -330 | -28% |
| NII after provisions | 130 | 120 | 190 | +57% |
| Fee & commission income | 128 | 182 | 235 | +29% |
| Fee & commission expense | -55.0 | -76.8 | -88.5 | -15% |
| Net fee & commission income | 73.1 | 106 | 146 | +38% |
| Financial instruments & investment result | 9.7 | 20.1 | 33.9 | +68% |
| Other operating income, net | -67.7 | -23.0 | -18.9 | +18% |
| Operating income | 358 | 562 | 755 | +34% |
| Administrative & other expenses (SG&A) | -123 | -198 | -276 | -39% |
| Profit before tax | 103 | 152 | 253 | +66% |
| Income tax | -22.4 | -30.1 | -61.0 | -103% |
| Net profit | 80.9 | 122 | 192 | +57% |
| of which recurring | 73.3 | 106 | 167 | +57% |
| of which non-recurring | 7.6 | 16.2 | 25.8 | +59% |
| Key ratios (annual) | ||||
| ROE | 37.8% | 30.4% | 32.0% | +1.6 pp |
| Cost of risk (CoR) | 12.77% | 14.77% | 11.58% | -3.2 pp |
| Cost-to-income (CIR) | 34.3% | 35.3% | 36.6% | +1.3 pp |
| Net interest margin (NIM) | 12.97% | 10.28% | 9.28% | -1.0 pp |
ROE = net profit ×4 / avg equity; CoR = provisions ×4 / avg credit portfolio; CIR = admin expense / operating income; NIM = NII ×4 / avg assets.
| Quarter | 24/06 Q2 | 24/09 Q3 | 24/12 Q4 | 25/03 Q1 | 25/06 Q2 | 25/09 Q3 | 25/12 Q4 | 26/03 Q1 |
|---|---|---|---|---|---|---|---|---|
| P&L, bn RUB | ||||||||
| Net interest income | 77.7 | 104 | 125 | 115 | 123 | 131 | 151 | 149 |
| Provisions | -45.8 | -83.9 | -87.0 | -67.4 | -92.1 | -92.1 | -78.9 | — |
| Net fee income | 24.0 | 29.5 | 33.7 | 30.0 | 34.0 | 38.5 | 43.6 | — |
| Financial instruments & investment | -1.7 | 16.0 | 4.2 | 43.4 | 13.6 | -1.1 | 23.0 | 41.0 |
| Operating income | 120 | 153 | 182 | 115 | 179 | 191 | 218 | 149 |
| Admin (SG&A) | -40.8 | -55.2 | -67.1 | -15.4 | -67.8 | -69.3 | -74.4 | -19.8 |
| Net profit | 23.4 | 37.8 | 38.7 | 33.5 | 46.7 | 40.1 | 72.1 | 35.0 |
| Balance (period-end), bn RUB | ||||||||
| Credit portfolio | 1 190 | 2 597 | 2 537 | 2 533 | 2 774 | 2 938 | 3 169 | 3 241 |
| Securities portfolio (bonds) | 325 | 526 | 532 | 557 | 746 | 730 | 755 | 852 |
| Customer deposits | 2 292 | 3 905 | 4 010 | 3 711 | 4 000 | 4 244 | 4 412 | 4 176 |
| Other assets | 1 368 | 1 845 | 2 049 | 1 641 | 1 806 | 2 032 | 2 160 | 1 840 |
| Total assets | 2 884 | 4 967 | 5 118 | 4 731 | 5 326 | 5 700 | 6 084 | 5 933 |
| Equity | 296 | 501 | 520 | 566 | 613 | 634 | 684 | 720 |
| Key ratios (annualised) | ||||||||
| ROE (annualised) | 32.7% | 38.0% | 30.3% | 24.7% | 31.7% | 25.8% | 43.8% | 20.0% |
| Cost of risk (CoR) | 16.07% | 17.73% | 13.56% | 10.64% | 13.88% | 12.90% | 10.33% | — |
| Cost-to-income (CIR) | 34.0% | 36.0% | 37.0% | 13.3% | 37.8% | 36.2% | 34.1% | 13.3% |
| Net interest margin (NIM) | 11.68% | 10.56% | 9.92% | 9.37% | 9.80% | 9.48% | 10.27% | 9.93% |
<div class='muted' style='font-size:.72rem;line-height:1.2'>7.0 bln mo</div> source: CBR
| Reported | Forecast | Monthly ×12 | |
|---|---|---|---|
| Reporting period | Q1 2026 | ||
| RAS profit, quarter months | Jan 2026 19.4 bln Feb 2026 13.8 bln Mar 2026 17.3 bln | Jan 2026 19.4 bln Feb 2026 13.8 bln Mar 2026 17.3 bln | |
| RAS profit, following months | Apr 2026 7.3 bln May 2026 15.9 bln | ||
| Forecast profit change (×0.80) | -20% | ||
| Annualised profit, mln RUB | 140.0 bln | 112.4 bln | 190.3 bln |
| Book (equity) | 719.7 bln | 719.7 bln | 719.7 bln |
| ROE (annualised) | 19% | 16% | 26% |
| Price / Book | 1.16x | 1.16x | 1.16x |
| Potential [ROE / P/B] | +17% | +13% | +23% |
| Card headline: avg of Forecast & Monthly | +18% | ||
Potential = annualised net profit / market cap (= ROE / P/B). 'Reported' is the last IFRS quarter annualised; 'Forecast' adjusts it for seasonality from the latest monthly RAS data (multiplier X = profit of the most recent months / profit of the quarter's months); 'Monthly ×12' annualises the latest RAS month. RAS = parent bank charter, IFRS = group; the bases differ, so the forecast is a momentum indicator.
| Period | Net interest income (YTD) | Net operating result (YTD) | Pre-tax profit (YTD) | Net profit (YTD) | Total comprehensive income |
|---|---|---|---|---|---|
| May 2026 | 138.5 bln +115.2% y/y · 24.7 bln mo +84.2% | -42.5 bln -13.7% y/y · -4.5 bln mo -57.8% | 96.1 bln +534.0% y/y · 20.2 bln mo +624.7% | 73.6 bln +725.4% y/y · 15.9 bln mo +9194.3% | 74.8 bln +398.8% y/y · 16.2 bln mo +1387.4% |
| Apr 2026 | 113.8 bln +123.4% y/y · 36.0 bln mo +171.7% | -38.0 bln -1.6% y/y · -21.4 bln mo +149.2% | 75.9 bln +513.5% y/y · 14.6 bln mo +213.2% | 57.7 bln +560.1% y/y · 7.3 bln mo +215.7% | 58.6 bln +321.6% y/y · 9.1 bln mo -1009.7% |
| Mar 2026 | 77.9 bln +106.5% y/y · 25.6 bln mo +70.2% | -16.6 bln -44.7% y/y · -4.5 bln mo -57.0% | 61.3 bln +694.5% y/y · 21.1 bln mo +360.7% | 50.4 bln +684.1% y/y · 17.3 bln mo +340.3% | 49.6 bln +232.7% y/y · 17.5 bln mo +493.4% |
| Feb 2026 | 52.3 bln +130.6% y/y · 25.9 bln mo +130.8% | -12.1 bln -38.2% y/y · -8.3 bln mo -7.7% | 40.2 bln +1182.9% y/y · 17.7 bln mo +677.5% | 33.1 bln +1222.8% y/y · 13.8 bln mo +737.8% | 32.1 bln +168.6% y/y · 13.1 bln mo +36.1% |
| Jan 2026 | 26.3 bln +130.4% y/y · 26.3 bln mo +130.4% | -3.8 bln -64.0% y/y · -3.8 bln mo -64.0% | 22.5 bln +2517.6% y/y · 22.5 bln mo +2517.6% | 19.4 bln +2148.9% y/y · 19.4 bln mo +2148.9% | 19.0 bln +724.2% y/y · 19.0 bln mo +724.2% |
| Dec 2025 | 221.1 bln +25.6% y/y · 28.8 bln mo | -87.1 bln -15.2% y/y · -639 mln mo | 134.0 bln +82.8% y/y · 28.1 bln mo | 112.1 bln +84.7% y/y · 24.2 bln mo | 121.7 bln +129.3% y/y · 26.8 bln mo |
| Nov 2025 | 192.3 bln 26.7 bln mo | -86.5 bln -2.5 bln mo | 105.9 bln 24.2 bln mo | 87.9 bln 20.3 bln mo | 94.9 bln 19.4 bln mo |
| Oct 2025 | 165.6 bln 29.1 bln mo | -83.9 bln -3.1 bln mo | 81.7 bln 26.0 bln mo | 67.6 bln 19.5 bln mo | 75.6 bln 19.6 bln mo |
| Sep 2025 | 136.5 bln 21.5 bln mo | -80.8 bln -4.6 bln mo | 55.6 bln 16.9 bln mo | 48.1 bln 14.9 bln mo | 56.0 bln 13.8 bln mo |
| Aug 2025 | 115.0 bln 16.0 bln mo | -76.3 bln -6.2 bln mo | 38.7 bln 9.9 bln mo | 33.3 bln 7.7 bln mo | 42.2 bln 7.4 bln mo |
| Jul 2025 | 99.0 bln 19.2 bln mo | -70.1 bln -10.2 bln mo | 28.9 bln 9.0 bln mo | 25.5 bln 12.8 bln mo | 34.8 bln 12.8 bln mo |
| Jun 2025 | 79.8 bln 15.4 bln mo | -59.9 bln -10.7 bln mo | 19.9 bln 4.7 bln mo | 12.8 bln 3.9 bln mo | 22.0 bln 7.0 bln mo |
Dividend-model upside: -29%
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) | 192 bn RUB |
| Payout ratio | 74% |
| Free cash flow (FY, OCF − capex) | -200 bn RUB |
| Recent actual dividend (3-yr median) | 11.60 ₽ |
| = Forecast dividend per share | 18.56 ₽ |
| 2 · Fair yield (spread to key rate) | |
| CBR key rate | 14.2% |
| Historical yield spread to rate (3-yr median) | -13.3 pp |
| = Fair dividend yield (bank floor ≈ rate−3.5) | 10.8% |
| 3 · Valuation → upside | |
| Current price | 252 ₽ |
| Forecast dividend yield | 7.4% |
| Fair price (dividend-based) | 180 ₽ |
Forecast, not investment advice. Earnings annualization and policy assumptions are estimates.
Paid, trailing 12-mo: 11.60 RUB/sh · 4.6%
| Pay year | Dividend /sh | |
|---|---|---|
| 2026 | 12.70 ₽ | |
| 2025 | 10.00 ₽ | |
| 2024 | 9.25 ₽ | |
| 2021 | 1.78 ₽ | |
| 2020 | 4.18 ₽ | |
| 2018 | 1.77 ₽ | |
| 2017 | 4.47 ₽ | |
| 2016 | 1.30 ₽ |
| Period | Ex-date | /sh |
|---|---|---|
| 2026 q3 | 2026-08-07 | 4.60 ₽ |
| 2026 q2 | 2026-05-22 | 4.50 ₽ |
| 2026 q1 | 2026-01-06 | 3.60 ₽ |
| 2025 q4 | 2025-10-03 | 3.50 ₽ |
| 2025 q3 | 2025-07-16 | 3.30 ₽ |
| 2025 q2 | 2025-05-15 | 3.20 ₽ |
| 2024 q4 | 2024-11-22 | 9.25 ₽ |
| 2021 q1 | 2021-03-24 | 1.78 ₽ |
| 2020 q4 | 2020-11-23 | 1.91 ₽ |
| 2020 q3 | 2020-08-19 | 1.26 ₽ |
No dividend rows found for this issuer.
Share of volume initiated by buyers (crossing the spread):
1d: 50% buy — balanced5d: 50% buy — balanced20d: 49% buy — balanced
Iceberg levels last session: 3 bid / 2 ask; largest — bid 255.48 (filled ×5.1 of displayed, 20 refills).
Robot clips (recurring characteristic order size): 16 bid / 10 ask; largest — bid 3 lots ×846 appearances across 207 price levels. Ping probes (1-2 lots, typical iceberg hunting): bid ×1612, ask ×1379.
| Day | Buyer initiative | Icebergs bid/ask | Robots bid/ask | Trades |
|---|---|---|---|---|
| 22.07 | 50% | 3/2 | 16/10 | 57,650 |
| 21.07 | 52% | 5/2 | 30/35 | 74,233 |
| 20.07 | 51% | 0/2 | 26/29 | 100,737 |
| 17.07 | 47% | 2/0 | 27/30 | 79,826 |
| 16.07 | 48% | 4/1 | 13/12 | 69,002 |
Source: L2 order book + trade tape (TQBR main session, ~23 liquid names). Trade side = the aggressor crossing the spread. Iceberg = level filled a multiple of its displayed size with regular refills. Robot clip = a non-round order size recurring hundreds of times across dozens of price levels (an algo's fingerprint migrating with price); ping = 1-2 lot probe orders. Updated nightly.
| 21.05.26 | Filing | ★ ▲ Созыв общего собрания участников (акционеров) Внеочередное общее собрание акционеров МКПАО «Т-Технологии» состоится 30 июля 2026 года с заочным голосованием. В повестке дня - вопрос о выплате дивидендов за первый квартал 2026 года. Акционеры могут ознакомиться с материалами собрания с 7 по 30 июля 2026 года. |
| 15.05.26 | AGM / Board | ★ ▲ Решения общих собраний участников (акционеров) На годовом общем собрании акционеров МКПАО «Т-Технологии» 14 мая 2026 года было принято решение о распределении прибыли с выплатой дивидендов в размере 4,5 руб. на акцию и общим объемом 12,1 млрд. руб. Также назначены аудиторы для отчетности за 2026 год и утверждены новые редакции устава и политики вознаграждения Совета директоров. |
| 24.04.26 | Filing | ★ ▼ Проведение заседания совета директоров (наблюдательного совета) и его повестка дня |
| 18.03.26 | Material event | ★ ▲ События (действия), оказывающие, по мнению эмитента, существенное влияние на стоимость или котировки его ценных бумаг Компания 'Т-Технологии' заключила соглашение о приобретении бизнеса Авто.ру через подконтрольное юридическое лицо. Это событие может существенно повлиять на стоимость её обыкновенных акций, зарегистрированных под номером 1-01-16784-А и ISIN RU000A107UL4. |
| 22.07.26 | AGM / Board | Решения совета директоров (наблюдательного совета) Совет директоров МКПАО «Т-Технологии» единогласно утвердил стратегию повышения акционерной стоимости и положения о корпоративном секретаре и внутреннем аудите. Заседание состоялось 21.07.2026. Обыкновенные акции имеют ISIN RU000A107UL4. |
Source: e-disclosure material filings over the last 180 days; ★ — flagged important by the classifier; summaries are automatic.
Disclosed in the top-10 of 12 of 17 funds, ≈3,2 млрд ₽ combined. Last month: added — 1.
| Fund | Manager | Weight | ≈Position | Δ weight m/m | Disclosure |
|---|---|---|---|---|---|
| AMRE АТОН – Российские акции + | Атон-менеджмент | 9.54% | 58 млн ₽ | — | 29.05.2026 |
| TITR Т-Капитал Акции роста | Т-Капитал | 9.00% | 26 млн ₽ | +3.02 pp | 29.05.2026 |
| AKME Альфа-Капитал Управляемые акции | Альфа-Капитал | 8.93% | 1,1 млрд ₽ | — | 29.05.2026 |
| AKIE Альфа-Капитал Управляемые акции с выплатой дохода | Альфа-Капитал | 8.45% | 26 млн ₽ | — | 29.05.2026 |
| GROD ДОХОДЪ Индекс акций роста | ДОХОДЪ | 6.83% | 11 млн ₽ | — | 29.05.2026 |
| TRND Т-Капитал Трендовые акции | Т-Капитал | 6.83% | 34 млн ₽ | — | 29.05.2026 |
| BCSR БКС Индекс Российского рынка | Брокеркредитсервис | 6.41% | 18 млн ₽ | — | 29.05.2026 |
| SBPS Первая – Фонд Моя цель 2035 | Первая | 5.57% | 8 млн ₽ | — | 29.05.2026 |
| TMOS Т-Капитал Индекс МосБиржи | Т-Капитал | 4.72% | 568 млн ₽ | — | 29.05.2026 |
| SBMX Первая - Фонд Топ Российских акций | Первая | 4.69% | 796 млн ₽ | — | 29.05.2026 |
| EQMX Индекс МосБиржи | ВИМ Инвестиции | 4.66% | 548 млн ₽ | — | 29.05.2026 |
| AKUP Альфа-Капитал Умный портфель | Альфа-Капитал | 4.54% | 13 млн ₽ | — | 29.05.2026 |
Source: monthly fund portfolio disclosures (investfunds); NAV is daily. Disclosures list each fund's top-10 only, so absence does not mean no position. Weight changes mix revaluation with trading. Fund flows and betas live in the fund monitor on the RU region page.
Substantive mentions last 7 days: 0, last 30 days: 1 (1 positive) across tracked channels, broker research and shows. 12 passing mentions (digests, calendars) hidden.
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.
Investor reporting (IR): https://www.e-disclosure.ru/portal/files.aspx?id=39055
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 TBank — from primary filings.
T (ticker RU_T) is a Russian telecommunications and digital services provider, offering mobile and fixed-line connectivity, as well as digital entertainment and financial technology solutions.