Sector: Utilities
RU_TGKN
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 | H2 2025 (6M) | OK | 10.7 y/y 9.5% | 0.8 y/y -56.3% | 0.7 y/y 32.4% | 1.5 y/y -36.7% | -0.2 y/y -114.7% | 1.8 | -2.3 | 34.0 y/y 43.0% | 6.4 y/y -9.6% | — | 11.2 | Report (PDF) |
| 2025-06-30 | H1 2025 (6M) | OK | 10.9 y/y 14.6% | 0.9 y/y 4.7% | 0.7 y/y 29.4% | 1.6 y/y 13.9% | 0.4 y/y -37.1% | -0.2 | -2.8 | 35.0 y/y 83.0% | — y/y — | — | 10.9 | Report (PDF) |
| 2024-12-31 | H2 2024 (6M) | OK | 9.8 y/y 6.2% | 1.9 y/y 57.0% | 0.5 y/y 18.4% | 2.4 y/y 46.5% | 1.1 y/y 42.8% | 3.5 | -3.0 | 23.8 y/y 8.7% | 7.1 y/y -6.3% | 26.0% | 5.9 | Report (PDF) |
| 2024-06-30 | H1 2024 (6M) | OK | 9.5 y/y 11.3% | 0.9 y/y -13.1% | 0.5 y/y 21.2% | 1.4 y/y -2.8% | 0.6 y/y -25.7% | 0.8 | -0.7 | 19.2 y/y 27.8% | 6.5 y/y 32.8% | 18.2% | 4.2 | Report (PDF) |
| 2023-12-31 | H2 2023 (6M) | OK | 9.2 y/y — | 1.2 y/y — | 0.4 y/y — | 1.6 y/y — | 0.8 y/y — | 3.1 | -1.1 | 21.9 y/y — | 7.6 y/y — | 26.5% | 3.3 | Report (PDF) |
| 2023-06-30 | H1 2023 (6M) | OK | 8.5 y/y — | 1.0 y/y — | 0.4 y/y — | 1.4 y/y — | 0.9 y/y — | 1.8 | -0.7 | 15.0 y/y — | 4.9 y/y — | — | 4.0 | Report (PDF) |
Quarterly values (₽ mln)
Year-over-year change
FCF (₽ mln)
Net debt / cash (₽ mln)
High yield on falling profit
The forecast yield is high but full-year profit fell >20% — the payout rests on past earnings and is likely to be cut. Upside is suppressed to avoid flagging a yield trap as a buy.
| 1 · Forecast dividend (per policy) | |
| Smoothed net profit (median YTD-ann./LTM/FY) | 0 bn RUB |
| Payout ratio | 66% |
| Free cash flow (FY, OCF − capex) | -3 bn RUB |
| = Forecast dividend per share | 0.00 ₽ |
| 2 · Fair yield (spread to key rate) | |
| CBR key rate | 14.2% |
| Historical yield spread to rate (3-yr median) | -3.4 pp |
| = Fair dividend yield | 10.8% |
| 3 · Valuation → upside | |
| Current price | 0.003 ₽ |
| Forecast dividend yield | 22.2% |
| Fair price (dividend-based) | 0.010 ₽ |
Forecast, not investment advice. Earnings annualization and policy assumptions are estimates.
| Pay year | Dividend /sh | |
|---|---|---|
| 2025 | 0.00 ₽ | |
| 2024 | 0.00 ₽ | |
| 2023 | 0.00 ₽ |
| Period | Ex-date | /sh |
|---|---|---|
| 2025 q2 | 2025-05-23 | 0.00 ₽ |
| 2024 q3 | 2024-09-16 | 0.00 ₽ |
| 2024 q2 | 2024-06-03 | 0.00 ₽ |
| 2023 q3 | 2023-08-10 | 0.00 ₽ |
| 2023 q2 | 2023-06-14 | 0.00 ₽ |
No dividend rows found for this issuer.
| 16.07.26 | AGM / Board | Решения совета директоров (наблюдательного совета) 15 июля 2026 года Совет директоров ПАО 'ТГК-14' принял решения о выборах нового Председательствующего и согласии на сделки с НПО 'ЭЛСИБ' по поставке оборудования для Улан-Удэнской ТЭЦ-2. Все решения были приняты единогласно с 6 голосами 'За'. |
| 29.05.26 | AGM / Board | Решения общих собраний участников (акционеров) На годовом собрании акционеров ПАО 'ТГК-14', состоявшемся 27 мая 2026 года, утверждены годовой отчет и финансовая отчетность за 2025 год. Дивиденды по результатам 2025 года не будут выплачены. Также назначена аудиторская организация на 2026 год и утвержден новый Устав, но последний вопрос не был принят. |
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 TGK-14 (TGKN) — from primary filings.
TGKN is a Russian energy company involved in the generation and supply of electric and thermal power, primarily operating in the Tver region.