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Operating results: the latest disclosures

In the Information Technology sector, ASTR reported shipments of 7.3 bln RUB for H1 2026, while WUSH recorded 56.5 mln trips for H1 2026 with zero year-on-year growth. DELI sold 491 mln minutes in Q1 2026, up 33.4% year-on-year, and OZON posted GMV of 1135.4 bln RUB for Q1 2026, a 35.5% increase. These figures suggest divergent momentum: strong growth in ride-sharing minutes and e-commerce turnover contrasts with stagnation in scooter trips and a lack of prior comparison for software shipments.

Operating momentum, latest reported period (YoY)

MOEX43OZON36DELI33AQUA33UGLD13LEAS13X511NVTK0.6WUSH0.0AFLT0.0RUAL-1.9NLMK-2.1GMKN-3.2CHMF-4.1MAGN-9.8PLZL-160−4343
%

In the Financial sector, LEAS generated new business of 49.1 bln RUB in H1 2026, up 13.1% year-on-year, and MOEX recorded total turnover of 190.7 trln RUB for June 2026, a 42.9% increase. Both indicators reflect robust activity in leasing and exchange operations. In Retail, X5 posted net retail revenue of 1175.1 bln RUB for Q1 2026 (+11.2% year-on-year), while MGNT reported LFL sales growth of 8.7% for FY 2025, indicating steady like-for-like performance.

In Metals & Mining, steel production declined across the board: CHMF 2.7 mln t in Q1 2026 (-4.1% year-on-year), MAGN 10.1 mln t in FY 2025 (-9.8%), NLMK 14 mln t in FY 2025 (-2.1%). RUAL produced 3.9 mln t of aluminium in FY 2025 (-1.9%). In Mining, GMKN produced 198.5 thsd t of nickel in FY 2025 (-3.2%), PLZL 2528.8 koz of gold (-15.8%), and UGLD 12 t of gold (+13.2%). The sector shows contraction in steel, nickel, and gold output, with only UGLD posting growth.

In Oil & Gas, NVTK produced 84.6 bln m3 of gas in FY 2025 (+0.6% year-on-year). In Transport, AFLT carried 55.3 mln passengers in FY 2025 (flat year-on-year). In Construction, ETLN reported contract value of 24.7 bln RUB for Q1 2026 (no prior comparison). In Agriculture, AQUA posted biomass in water of 30.1 thsd t for FY 2025 (+33.2%). In Chemicals, PHOR produced 9.2 mln t of agrochemicals for 9M 2025 (no prior comparison). Key focus for upcoming reports: margin impact of flat or declining volumes in metals and transport, and whether IT and retail growth rates can be sustained.

TickerPeriodMetricValueYoY
ASTRH1 2026-06Отгрузки (без НДС)7.3 bln RUB
LEASH1 2026-06Новый бизнес (с НДС)49.1 bln RUB+13.1%
MOEX06 2026-06Всего190.7 трлн ₽+42.9%
WUSHH1 2026-06Количество поездок56.5 mln+0.0%
CHMFQ1 2026-03Производство стали2.7 mln t-4.1%
DELIQ1 2026-03Проданные минуты491 mln+33.4%
ETLNQ1 2026-03Стоимость контрактов24.7 bln RUB
OZONQ1 2026-03Оборот (GMV)1135.4 млрд ₽+35.5%
X5Q1 2026-03Чистая розничная выручка1175.1 млрд ₽+11.2%
AFLTFY 2025-12Перевезено пассажиров55.3 mln+0.0%
AQUAFY 2025-12Биомасса в воде30.1 тыс. т+33.2%
GMKNFY 2025-12Никель198.5 тыс. т-3.2%
MAGNFY 2025-12Производство стали10.1 mln t-9.8%
MGNTFY 2025-12LFL-продажи г/г8.7 %
NLMKFY 2025-12Производство стали14 mln t-2.1%
NVTKFY 2025-12Добыча газа84.6 млрд м3+0.6%
PLZLFY 2025-12Производство золота2528.8 koz-15.8%
RUALFY 2025-12Алюминий3.9 млн т-1.9%
UGLDFY 2025-12Добыча золота, всего12 t+13.2%
PHOR9M 2025-09Агрохимия, всего9.2 млн т

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