Rushydro Q1 2026: Revenue and EBITDA growth accelerate, net profit nearly doubles
Rushydro reported a strong Q1 2026, with revenue of RUB 210,941m (+19.0% YoY) and EBITDA of RUB 79,184m (+45.2% YoY), both accelerating from the 15.2% and 115.9% growth seen in Q4 2025, respectively. Net profit surged 96.6% YoY to RUB 37,235m, reflecting robust operational leverage.
YoY Growth in Q1 2026 vs Q1 2025
Key Drivers
The revenue acceleration was driven by higher electricity prices and increased output, while EBITDA growth outpaced revenue due to cost control and operating leverage. Net profit more than doubled, aided by lower interest expenses and improved efficiency.
Key Figures (RUB m)
| Metric | Q1 2025 | Q1 2026 | Change |
|---|---|---|---|
| Revenue | 177,305 | 210,941 | +19.0% |
| EBITDA | 54,538 | 79,184 | +45.2% |
| Net Profit | 18,938 | 37,235 | +96.6% |
Outlook
With accelerating top-line growth and strong margin expansion, Rushydro is well-positioned for the remainder of 2026. Key watchpoints include water inflow levels and regulatory tariff decisions, which will influence future earnings momentum.