Rosseti Moscow Region Q2 2026: Revenue +22.6% y/y, Net Profit +69.0% y/y

Rosseti Moscow Region reported Q2 2026 revenue of RUB 74,811.25 mn, EBITDA of RUB 24,064.65 mn and net profit of RUB 9,972.38 mn. Revenue growth was broadly stable at +22.6% y/y versus +22.2% in H1 2026, while EBITDA growth edged up to +28.2% y/y from +27.5% in H1 2026. Net profit growth accelerated sharply to +69.0% y/y from +46.5% in H1 2026.

Q2 2026 y/y growth

What drove the result

Revenue growth of +22.6% y/y was broadly stable versus +22.2% in H1 2026. EBITDA rose +28.2% y/y, with the EBITDA margin improving to 32.2% from 30.8% a year earlier. Net profit growth of +69.0% y/y significantly outpaced EBITDA growth, likely reflecting lower non-operating costs or a lower effective tax rate, though the exact drivers are not detailed in the provided data.

Key figures

Outlook

The company has not provided updated guidance in the data. The strong Q2 performance, with revenue growth stable and profitability improving, suggests a positive momentum. However, net debt increased, which may warrant monitoring in the context of future earnings and cash flow generation.

The Q2 2026 results demonstrate robust top-line growth and significant bottom-line expansion. The acceleration in net profit growth is a key highlight, though the sustainability of this trend depends on factors not fully detailed. Investors should watch for further disclosures on cost management and debt levels.