CarMoney's H1 net profit up 83.6%: margin reaches 15.2%

In H1 2026, CarMoney's net profit increased by 83.6% YoY, while net margin expanded to 15.2% from 10.1%. Revenue growth and improved efficiency were the key drivers.

Key figures, RUB bn

What the report showed and what's behind it

In H1 2026, net interest income increased by 22.2% YoY. Net profit for the half-year rose by 83.6%, significantly outpacing revenue growth. The main driver was improved operational efficiency and likely lower cost of risk, reflected in margin expansion.

Margins and costs

Net margin for H1 2026 stood at 15.2% versus 10.1% a year earlier. This indicates a significant improvement in the company's ability to convert revenue into profit. The margin expansion is likely due to cost control and better credit portfolio quality.

Debt, cash flow, capex

For the trailing twelve months (LTM), net profit was RUB 487.2 million and net interest income was RUB 2,900.0 million. Debt and cash flow data are not disclosed in the report, so it is impossible to assess the dynamics of debt burden and free cash flow generation. Capex is also not presented.

Valuation and what to watch in the next report

Current P/E LTM is 3.89 with a market cap of RUB 1,896.5 million. Dividend yield for the trailing twelve months is 7.81%. ROE for the last twelve months is 4.75%. In the next report, watch the dynamics of net interest margin and cost of risk, as well as the ability to sustain profit growth. If margin continues to expand, it would confirm the sustainability of the business model.

Valuation on the latest reported figures