Alrosa (ALRS) stock in 2026: dividends, earnings and outlook

Nov 13, 2026

As of Nov 12, 2026, Alrosa (ALRS) trades at RUB 23.71 per share. There is no manual review on the portal yet; below are reported figures and model outputs only. Below: Q2 2026 results, dividends paid and expected, and valuation. All figures come from the company card on the Frontier portal.

Alrosa: Добыча listed on the Moscow Exchange, covered by the Frontier portal.

What the Q2 2026 report showed

Verdict: the share is rather unattractive at the current price. Upside on the portal model -85%. The share is rather unattractive. On the portal's model the upside to fair value is minus 85%, and that is the main argument: at today's diamond prices EBITDA is RUB 21.9 bn and EV/EBITDA is 13.3. The LTM multiple (8.5) is 12% above its own three-year average (7.6), so even on past, higher prices the stock does not look cheap. There is no dividend, free cash flow is negative, and net debt at 3.06x EBITDA with finance costs of RUB 6,652 mn for the quarter leaves no room for error. The verdict would improve on a sustained reversal of the diamond price above USD 94.4 and a rouble no stronger than 80.8 per dollar – then EBITDA would return to levels at which the multiple would again be below history.

This is an automated earnings note built from portal data. The analysts have not published a manual review yet.

Alrosa quarterly results

Alrosa, IFRS figures for the period

Period	Revenue, RUB bn	YoY	EBITDA, RUB bn	YoY	Net profit, RUB bn	YoY
Q1 2025	66.3	–	14.6	–	16.0	–
Q2 2025	68.0	11.8%	31.2	226.3%	24.6	236.5%
Q4 2025	50.4	69.2%	3.9	-59.7%	3.9	-2.3%
Q1 2026	44.9	-32.2%	4.1	-72.1%	-9.4	loss
Q2 2026	45.4	-33.2%	9.8	-68.7%	-0.1	loss

In Q2 2026: revenue RUB 45.4 bn (-33.2% YoY), EBITDA RUB 9.8 bn (-68.7% YoY), net loss RUB 0.1 bn. The full period table, balance sheet and cash flow are on the Alrosa card.

Alrosa dividends, paid and expected

Alrosa dividends by ex-dividend year, RUB per share

Year	RUB per share
2018	11.17
2019	7.95
2020	2.63
2021	18.33
2023	3.77
2024	4.51

The portal's dividend model expects no payout for the current financial year: No payout is forecast (earnings or free cash flow are negative). The dividend valuation is withheld — this is not a statement about the stock's worth..

Paid RUB 2.49 per share, ex-date Oct 17, 2024
Paid RUB 2.02 per share, ex-date May 30, 2024
Paid RUB 3.77 per share, ex-date Oct 17, 2023

Alrosa valuation by multiples

Alrosa (ALRS), multiples as of Nov 12, 2026

Metric	Value
P/E (LTM)	n/a
P/B	0.4x
EV/EBITDA	8.6x
ROE	-0.1%
Dividend yield, LTM	n/a
Market cap	173.9 bn RUB

LTM revenue RUB 191.1 bln, net profit RUB -13.9 bln, EBITDA RUB 34.3 bln. Peer comparison and P/E history are on the company card.

FAQ

Will Alrosa pay dividends in 2026? No new payout is declared and the portal model expects none for the current financial year.

What dividend is expected from Alrosa? The portal's dividend model expects no payout for the current financial year.

What did the latest Alrosa report show? In Q2 2026: revenue RUB 45.4 bn (-33.2% YoY), EBITDA RUB 9.8 bn (-68.7% YoY), net loss RUB 0.1 bn.

Other Добыча companies on the portal: Nornickel (GMKN), Polyus (PLZL), UGC (UGLD), Seligdar (SELG).

Alrosa card on the Frontier portal
Dividends and prices: Enhanced Investments EI1 database, Moscow Exchange
Russian stocks: dividends, outlook and earnings 2026

Open the company's financial profile ALRS →