IDGC South Q2 2026: Revenue +153.8% YoY, EBITDA +254.2%, Net Profit +719.6%; Growth Accelerates

IDGC South reported Q2 2026 revenue of RUB 45,193.0 mn, EBITDA of RUB 8,572.8 mn, and net profit of RUB 2,451.4 mn. On a year-over-year basis, revenue rose 153.8%, EBITDA surged 254.2%, and net profit jumped 719.6%. Revenue growth accelerated from 150.0% in H1 2026 to 153.8% in Q2 2026, while EBITDA growth also accelerated from 233.6% to 254.2%, indicating strengthening momentum in the latest quarter.

Q2 2026 YoY growth (headline metrics)

What drove the result

The exceptional growth rates reflect a low base in the prior-year period, as Q2 2025 revenue was RUB 17,807.4 mn and net profit RUB 299.1 mn. The sharp increase in EBITDA and net profit also points to significant operating leverage, with EBITDA margin expanding to 19.0% in Q2 2026 from 13.6% in Q2 2025, and net margin rising to 5.4% from 1.7%. On a sequential basis, Q2 2026 revenue of RUB 45,193.0 mn was lower than Q1 2026 revenue of RUB 50,230.8 mn, while net profit declined from RUB 4,968.4 mn in Q1 2026 to RUB 2,451.4 mn in Q2 2026, partly due to seasonal factors.

Key figures

Outlook

The strong Q2 2026 results, with accelerating revenue and EBITDA growth, suggest that the company's operational performance is gaining momentum. However, the sequential decline in revenue and net profit from Q1 2026 warrants monitoring, as it may indicate seasonal or one-off factors. Investors will look for sustainability of margin expansion and further clarity on cost management in the coming quarters.