Cash flow Investment Company IC Russ-Invest

Stocks

RUSI

RU000A0JQ9W5

Diversified Investment Services

End-of-day quote Moscow Micex - RTS 08/07/2022			5-day change	1st Jan Change
49.80 ^RUB	-.--%		-.--%	-

27/08	Public Joint-Stock Company Investment Company IC Russ-Invest Reports Earnings Results for the Half Year Ended June 30, 2026	CI
22/04	Public Joint-Stock Company Investment Company IC Russ-Invest Reports Earnings Results for the Full Year Ended December 31, 2025	CI

1592ed148.6AVaMv0ZVmOScx4xnLQLX84sRQzqtCUfiDYIk2oRPeo.o1E2fLddbynnBidi1Pw4M6tUdjrY40BZulI44lNYCqPeVgJCsl8QJ6YyaQ

Published financial data: INVESTMENT COMPANY IC RUSS-INVEST

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2021 (RUB)	2022 (RUB)	2023 (RUB)	2024 (RUB)	2025 (RUB)
Gain (Loss) on Sale of Investment, Total (Rev)	-11Cr	-47Cr	4.27Cr	6L	-
Interest And Invest. Income (Rev)	16Cr	15Cr	14Cr	20Cr	17Cr
Other Revenues, Total	-	-	30Cr	-51Cr	49Cr
Total Revenues	5.11Cr	-32Cr	48Cr	-31Cr	65Cr
Cost of Goods Sold, Total	1.47Cr	4.42Cr	3.64Cr	2.07Cr	1.39Cr
Gross Profit	3.64Cr	-36Cr	45Cr	-33Cr	64Cr
Selling General & Admin Expenses, Total	18Cr	17Cr	18Cr	18Cr	19Cr
Depreciation & Amortization - (IS)	1.72Cr	1.28Cr	82.42L	72.69L	92.65L
Other Operating Expenses	1.58Cr	6.16Cr	2.22Cr	2.86Cr	-42Cr
Other Operating Expenses, Total	22Cr	24Cr	21Cr	22Cr	-22Cr
Operating Income	-18Cr	-60Cr	24Cr	-55Cr	85Cr
Interest Expense, Total	-3L	-9L	-2L	-1L	-4L
Net Interest Expenses	-3L	-9L	-2L	-1L	-4L
Currency Exchange Gains (Loss)	1.05Cr	-12Cr	60Cr	34Cr	-67Cr
Other Non Operating Income (Expenses)	-19Cr	-3.41Cr	-3.62Cr	-4.01Cr	-3.81Cr
EBT, Excl. Unusual Items	-36Cr	-76Cr	81Cr	-25Cr	14Cr
Gain (Loss) On Sale Of Investments	-	-	-	-	-
Gain (Loss) On Sale Of Assets	-	-	-	-	-
Asset Writedown	18.43L	-5.27Cr	-13Cr	-49Cr	-37Cr
Other Unusual Items	-35.32L	-	-	-	-
EBT, Incl. Unusual Items	-36Cr	-81Cr	68Cr	-73Cr	-23Cr
Income Tax Expense	-2.61Cr	-14Cr	15Cr	-18Cr	3.96Cr
Earnings From Continuing Operations	-34Cr	-67Cr	53Cr	-55Cr	-27Cr
Net Income to Company	-34Cr	-67Cr	53Cr	-55Cr	-27Cr
Minority Interest	2L	16.99L	11.12L	10.48L	4L
Net Income - (IS)	-34Cr	-67Cr	53Cr	-55Cr	-27Cr
Net Income to Common Incl Extra Items	-34Cr	-67Cr	53Cr	-55Cr	-27Cr
Net Income to Common Excl. Extra Items	-34Cr	-67Cr	53Cr	-55Cr	-27Cr
Per Share Items
Net EPS - Basic	-3.11	-6.21	4.86	-5.08	-2.48
Basic EPS - Continuing Operations	-3.11	-6.21	4.86	-5.08	-2.48
Basic Weighted Average Shares Outstanding	11Cr	11Cr	11Cr	11Cr	11Cr
Net EPS - Diluted	-3.11	-6.21	4.86	-5.08	-2.48
Diluted EPS - Continuing Operations	-3.11	-6.21	4.86	-5.08	-2.48
Diluted Weighted Average Shares Outstanding	11Cr	11Cr	11Cr	11Cr	11Cr
Normalized Basic EPS	-2.09	-4.35	4.65	-1.4	0.83
Normalized Diluted EPS	-2.09	-4.35	4.65	-1.4	0.83
Payout Ratio	-	-	-	-	-
Supplemental Items
EBITDA	-16Cr	-59Cr	25Cr	-54Cr	86Cr
EBITA	-18Cr	-60Cr	24Cr	-55Cr	86Cr
EBIT	-18Cr	-60Cr	24Cr	-55Cr	85Cr
EBITDAR	-16Cr	-59Cr	25Cr	-54Cr	87Cr
Effective Tax Rate - (Ratio)	7.18	16.73	22.44	24.81	-17.22
Current Domestic Taxes	1.5Cr	25.91L	84.72L	-	-
Total Current Taxes	1.5Cr	25.91L	84.72L	33.33L	61.58L
Deferred Domestic Taxes	-4.11Cr	-14Cr	14Cr	-	-
Total Deferred Taxes	-4.11Cr	-14Cr	14Cr	-19Cr	3.34Cr
Normalized Net Income	-23Cr	-47Cr	50Cr	-15Cr	9.02Cr
Supplemental Operating Expense Items
Advertising Expense	70.81L	9L	1L	-	-
Selling and Marketing Expenses	70.81L	9L	1L	-	-
General and Administrative Expenses	5.03Cr	3.68Cr	3.78Cr	4.18Cr	4.66Cr
Net Rental Expense, Total	28.39L	14.31L	14.16L	14.56L	14.83L
Imputed Operating Lease Interest Expense	-	-	-	-	-
Imputed Operating Lease Depreciation	-	-	-	-	-
Maintenance & Repair Expenses, Total	1.47Cr	4.42Cr	3.64Cr	2.07Cr	1.39Cr

Fiscal Period: December	2021 (RUB)	2022 (RUB)	2023 (RUB)	2024 (RUB)	2025 (RUB)
Assets
Cash And Equivalents	4.6Cr	1.27Cr	36.52L	21.54L	49.43L
Trading Asset Securities, Total	329.18Cr	240.59Cr	249.62Cr	179.77Cr	120.72Cr
Total Cash And Short Term Investments	333.78Cr	241.86Cr	249.98Cr	179.99Cr	121.22Cr
Accounts Receivable, Total	19.41L	20.57L	35.77L	25.95L	29.72L
Other Receivables	67.41L	15.38L	3.6Cr	46.92L	67.58L
Notes Receivable	1.74Cr	12Cr	35Cr	42Cr	39Cr
Total Receivables	2.61Cr	12Cr	39Cr	42Cr	40Cr
Other Current Assets, Total	16Cr	17Cr	21Cr	73.41L	2Cr
Total Current Assets	352.6Cr	271.15Cr	310.19Cr	223.14Cr	162.94Cr
Gross Property Plant And Equipment	89Cr	12Cr	13Cr	12Cr	16Cr
Accumulated Depreciation	-14Cr	-7.33Cr	-6.95Cr	-6.52Cr	-7.02Cr
Net Property Plant And Equipment	75Cr	4.58Cr	5.78Cr	5.56Cr	9.03Cr
Long-term Investments	7.45Cr	4.34Cr	4.24Cr	4.17Cr	3.98Cr
Other Intangibles, Total	8T	32.81L	25.14L	18.54L	14.06L
Deferred Tax Assets Long-Term	33.69L	13Cr	6.88Cr	32Cr	27Cr
Other Long-Term Assets, Total	-	69Cr	98Cr	114.4Cr	149.95Cr
Total Assets	435.2Cr	362.92Cr	424.99Cr	379.04Cr	353.1Cr
Liabilities
Accounts Payable, Total	95.43L	72.39L	23.88L	35.81L	31.07L
Accrued Expenses, Total	1.4Cr	1.4Cr	1.49Cr	1.46Cr	1.97Cr
Short-term Borrowings	-	-	-	-	-
Current Income Taxes Payable	2L	58T	2L	8L	8L
Other Current Liabilities	4.35Cr	1.46Cr	1.74Cr	2.66Cr	3.85Cr
Total Current Liabilities	6.72Cr	3.59Cr	3.49Cr	4.55Cr	6.2Cr
Deferred Tax Liability Non Current	1.37Cr	22.49L	7.99Cr	14Cr	13Cr
Other Non Current Liabilities	46.67L	28.24L	18.68L	2.04Cr	2.32Cr
Total Liabilities	8.56Cr	4.1Cr	12Cr	21Cr	21Cr
Common Stock, Total	149.24Cr	149.24Cr	149.24Cr	149.24Cr	149.24Cr
Retained Earnings	277.69Cr	211.99Cr	264.98Cr	209.83Cr	183.45Cr
Treasury Stock	-3.45Cr	-3.45Cr	-1.74Cr	-1.64Cr	-1.64Cr
Comprehensive Income and Other	1.52Cr	-42.69L	-51.88L	-38.21L	-64.46L
Total Common Equity	425Cr	357.35Cr	411.96Cr	357.05Cr	330.41Cr
Minority Interest	1.64Cr	1.47Cr	1.36Cr	1.25Cr	1.21Cr
Total Equity	426.64Cr	358.82Cr	413.31Cr	358.3Cr	331.62Cr
Total Liabilities And Equity	435.2Cr	362.92Cr	424.99Cr	379.04Cr	353.1Cr
Supplemental Items
ECS Total Shares Outstanding on Filing Date	11Cr	11Cr	11Cr	11Cr	11Cr
ECS Total Common Shares Outstanding	11Cr	11Cr	11Cr	11Cr	11Cr
Book Value / Share	39.34	33.08	37.97	32.9	30.44
Tangible Book Value	425Cr	357.03Cr	411.71Cr	356.86Cr	330.27Cr
Tangible Book Value Per Share	39.34	33.05	37.94	32.88	30.43
Total Debt	0	0	0	0	0
Net Debt	-333.78Cr	-241.86Cr	-249.98Cr	-179.99Cr	-121.22Cr
Debt Equivalent Oper. Leases	2.27Cr	1.14Cr	1.13Cr	1.16Cr	1.19Cr
Minority Interest, Total (Incl. Fin. Div)	1.64Cr	1.47Cr	1.36Cr	1.25Cr	1.21Cr
Equity Method Investments, Total	4.52Cr	3.84Cr	3.86Cr	3.65Cr	3.81Cr
Account Code - Inventory Valuation	3	3	3	3	3
Buildings, Total	17Cr	7.17Cr	7.17Cr	7.17Cr	7.17Cr
Machinery, Total	4.67Cr	4.74Cr	4.62Cr	4.9Cr	5.04Cr
Full Time Employees	61	51	48	50	49
Accumulated Allowance for Doubtful Accounts (Supple)	91T	2L	-	-	-

Fiscal Period: December	2021 (RUB)	2022 (RUB)	2023 (RUB)	2024 (RUB)	2025 (RUB)
Net Income	-34Cr	-67Cr	53Cr	-55Cr	-27Cr
Depreciation & Amortization - CF	1.67Cr	1.22Cr	74.75L	64.84L	84.24L
Amortization of Goodwill and Intangible Assets - (CF)	5L	6L	8L	8L	8L
Depreciation & Amortization, Total	1.72Cr	1.28Cr	82.42L	72.69L	92.65L
(Gain) Loss on Sale of Investments - (CF)	-7L	48Cr	-30Cr	83Cr	4.8Cr
Asset Writedown & Restructuring Costs	-18.43L	5.27Cr	13Cr	49Cr	1.59Cr
Other Operating Activities, Total	-4.98Cr	-2.99Cr	-45Cr	-53Cr	71Cr
Change in Trading Asset Securities	14Cr	39Cr	19Cr	-10Cr	50Cr
Change in Other Net Operating Assets	12Cr	-14Cr	-73Cr	-48Cr	-30Cr
Cash from Operations	-11Cr	9.74Cr	-63Cr	-34Cr	71Cr
Capital Expenditure	-19Cr	-14.61L	-47T	-76.17L	-4.1Cr
Sale of Property, Plant, and Equipment	-	-	-	-	-
Sale (Purchase) of Intangible assets	-	-	-	-	-
Cash from Investing	-19Cr	-14.61L	-47T	-76.17L	-4.1Cr
Short Term Debt Issued, Total	-	-	-	-	-
Total Debt Issued	-	-	-	-	-
Short Term Debt Repaid, Total	-	-	-	-	-
Total Debt Repaid	-	-	-	-	-
Issuance of Common Stock	37.25L	-	1.71Cr	10.5L	-
Common Dividends Paid	-	-	-	-	-
Common & Preferred Stock Dividends Paid	-	-	-	-	-
Other Financing Activities, Total	-3L	-9L	-2L	-1L	-4L
Cash from Financing	34.11L	-9L	1.69Cr	9L	-4L
Foreign Exchange Rate Adjustments	98.15L	-13Cr	60Cr	34Cr	-67Cr
Net Change in Cash	-29Cr	-3.33Cr	-90.72L	-14.98L	27.89L
Supplemental Items
Cash Interest Paid	3L	9L	2L	1L	4L
Cash Income Tax Paid (Refund)	1.44Cr	1.74Cr	-68.26L	39.13L	34.11L
Levered Free Cash Flow	-17Cr	-49Cr	-15Cr	-16Cr	53Cr
Unlevered Free Cash Flow	-17Cr	-49Cr	-15Cr	-16Cr	53Cr
Change In Net Working Capital	-12Cr	12Cr	31Cr	-18Cr	-3.08Cr
Net Debt Issued / Repaid	-	-	-	-	-

Fiscal Period: December	2021 (RUB)	2022 (RUB)	2023 (RUB)	2024 (RUB)	2025 (RUB)
Profitability
Return on Assets	-2.51	-9.42	3.8	-8.51	14.6
Return on Total Capital	-2.57	-9.57	3.87	-8.87	15.49
Return On Equity %	-7.62	-17.1	13.63	-14.32	-7.81
Return on Common Equity	-7.64	-17.13	13.71	-14.34	-7.83
Margin Analysis
Gross Profit Margin %	71.27	113.89	92.48	106.71	97.86
SG&A Margin	361.94	-52.02	36.71	-58.92	29.43
EBITDA Margin %	-321.66	185.25	51.17	174.89	132.78
EBITA Margin %	-354.41	189.08	49.62	176.98	131.49
EBIT Margin %	-355.36	189.26	49.46	177.24	131.36
Income From Continuing Operations Margin %	-659.41	211.34	108.75	178.86	-41.41
Net Income Margin %	-658.98	210.81	108.98	178.52	-41.35
Net Avail. For Common Margin %	-658.98	210.81	108.98	178.52	-41.35
Normalized Net Income Margin	-441.53	147.74	104.34	49.33	13.86
Levered Free Cash Flow Margin	-332.02	153.14	-31.13	52.25	81.91
Unlevered Free Cash Flow Margin	-331.63	152.97	-31.11	52.22	81.95
Asset Turnover
Asset Turnover	0.01	-0.08	0.12	-0.08	0.18
Fixed Assets Turnover	0.08	-0.8	9.35	-5.45	8.92
Short Term Liquidity
Current Ratio	52.48	75.56	88.79	49.01	26.26
Quick Ratio	49.8	67.5	72.69	39.7	19.7
Operating Cash Flow to Current Liabilities	-1.66	2.71	-17.95	-7.45	11.52
Average Days Payable Outstanding	142.04	69.27	48.27	52.69	87.61
Long Term Solvency
Total Debt/Equity	-	-	-	-	-
Total Debt / Total Capital	-	-	-	-	-
Total Liabilities / Total Assets	1.97	1.13	2.75	5.47	6.08
EBIT / Interest Expense	-577.9	-665.12	1.57T	-4.6T	1.99T
EBITDA / Interest Expense	-523.09	-651.04	1.63T	-4.54T	2.01T
(EBITDA - Capex) / Interest Expense	-1.13T	-652.65	1.63T	-4.6T	1.92T
Total Debt / EBITDA	-	-	-	-	-
Net Debt / EBITDA	20.32	4.1	-10.1	3.33	-1.4
Total Debt / (EBITDA - Capex)	-	-	-	-	-
Net Debt / (EBITDA - Capex)	9.45	4.09	-10.1	3.29	-1.47
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	-83.57	-723.53	-251.98	-163.84	-310.68
Gross Profit, 1 Yr. Growth %	-87.99	-1.1T	-223.41	-173.66	-293.21
EBITDA, 1 Yr. Growth %	-253.18	259.11	-142.16	-318.2	-259.96
EBITA, 1 Yr. Growth %	-290.16	232.66	-140.05	-327.7	-256.53
EBIT, 1 Yr. Growth %	-292.13	232.08	-139.89	-328.75	-256.15
Earnings From Cont. Operations, 1 Yr. Growth %	-182.55	108.64	-178.5	-205	-51.22
Net Income, 1 Yr. Growth %	-182.23	108.26	-178.86	-204.58	-51.2
Normalized Net Income, 1 Yr. Growth %	-168.93	108.65	-207.69	-130.18	-159.17
Diluted EPS Before Extra, 1 Yr. Growth %	-182.15	108.26	-178.52	-204.55	-51.2
Accounts Receivable, 1 Yr. Growth %	84.51	5.98	73.89	-27.45	14.53
Net Property, Plant and Equip., 1 Yr. Growth %	30.69	-93.88	26.22	-3.81	62.56
Total Assets, 1 Yr. Growth %	-7.01	-16.88	17.09	-10.81	-6.84
Tangible Book Value, 1 Yr. Growth %	-6.67	-16.27	15.23	-13.32	-7.45
Common Equity, 1 Yr. Growth %	-6.68	-16.2	15.2	-13.33	-7.46
Cash From Operations, 1 Yr. Growth %	-16.17	-187.16	-743.82	-45.92	-310.76
Capital Expenditures, 1 Yr. Growth %	-14.06	-99.23	-96.78	16.11T	438.85
Levered Free Cash Flow, 1 Yr. Growth %	-159.96	165.37	-69.13	7.16	-430.31
Unlevered Free Cash Flow, 1 Yr. Growth %	-159.53	165.34	-69.11	7.18	-430.63
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	-63.43	1.21	207.84	-1.5	15.97
Gross Profit, 2 Yr. CAGR %	-68.88	9.41	250.66	-4.65	19.3
EBITDA, 2 Yr. CAGR %	6.69	134.54	22.78	-4.09	86.83
EBITA, 2 Yr. CAGR %	15.37	151.51	15.19	-4.5	88.79
EBIT, 2 Yr. CAGR %	16.14	152.59	14.85	-4.48	89
Earnings From Cont. Operations, 2 Yr. CAGR %	64.24	28.44	27.74	-9.21	-28.44
Net Income, 2 Yr. CAGR %	66.22	28.07	27.92	-9.18	-28.56
Normalized Net Income, 2 Yr. CAGR %	27.04	19.93	49.65	-42.98	-57.74
Diluted EPS Before Extra, 2 Yr. CAGR %	66.15	28.01	27.64	-9.39	-28.57
Accounts Receivable, 2 Yr. CAGR %	22.71	39.83	35.75	12.32	-8.85
Net Property, Plant and Equip., 2 Yr. CAGR %	44.27	-71.72	-72.21	10.19	25.05
Total Assets, 2 Yr. CAGR %	1.32	-11.94	-1.34	2.19	-8.85
Tangible Book Value, 2 Yr. CAGR %	1.29	-11.46	-1.74	-0.06	-10.43
Common Equity, 2 Yr. CAGR %	1.27	-11.42	-1.71	-0.08	-10.44
Cash From Operations, 2 Yr. CAGR %	-46.27	-14.52	136.89	86.59	6.76
Capital Expenditures, 2 Yr. CAGR %	84.4	-91.85	-98.43	128.33	2.86T
Levered Free Cash Flow, 2 Yr. CAGR %	-25.03	31.32	-9.46	-42.49	88.14
Unlevered Free Cash Flow, 2 Yr. CAGR %	-25.06	30.84	-9.44	-42.47	88.24
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	-28.74	-5.87	15.9	82.21	26.91
Gross Profit, 3 Yr. CAGR %	-35.82	-1.19	13.89	108.45	20.66
EBITDA, 3 Yr. CAGR %	16.41	59.89	32.18	48.72	13.74
EBITA, 3 Yr. CAGR %	17.45	64.21	36.14	44.56	12.6
EBIT, 3 Yr. CAGR %	16.99	64.85	36.34	44.5	12.53
Earnings From Cont. Operations, 3 Yr. CAGR %	17.73	75.34	8.86	19.66	-26.2
Net Income, 3 Yr. CAGR %	17.65	76.64	8.82	19.61	-26.17
Normalized Net Income, 3 Yr. CAGR %	4.52	49.88	15.57	-12.24	-42.28
Diluted EPS Before Extra, 3 Yr. CAGR %	17.61	76.58	8.63	19.43	-26.28
Accounts Receivable, 3 Yr. CAGR %	26.14	16.86	50.37	10.16	13.05
Net Property, Plant and Equip., 3 Yr. CAGR %	35.4	-49.69	-53.44	-57.96	25.44
Total Assets, 3 Yr. CAGR %	-0.93	-5.05	-3.16	-4.6	-0.91
Tangible Book Value, 3 Yr. CAGR %	-0.64	-4.84	-3.31	-5.76	-2.59
Common Equity, 3 Yr. CAGR %	-0.66	-4.82	-3.29	-5.75	-2.6
Cash From Operations, 3 Yr. CAGR %	-43.82	-36.87	67.56	44.78	94.32
Capital Expenditures, 3 Yr. CAGR %	29.68	-70.27	-94.03	-65.72	204
Levered Free Cash Flow, 3 Yr. CAGR %	-44.42	17.37	-18.94	-4.23	3
Unlevered Free Cash Flow, 3 Yr. CAGR %	-44.46	17.33	-19.12	-4.21	3.05
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	-30.25	47.38	27.94	-4.15	15.93
Gross Profit, 5 Yr. CAGR %	-34.8	41.27	26.59	-2.59	16.03
EBITDA, 5 Yr. CAGR %	19.37	15.05	18.92	30.22	51.8
EBITA, 5 Yr. CAGR %	24.65	15.09	16.54	32.09	55.16
EBIT, 5 Yr. CAGR %	27	14.92	16.13	32.41	55.36
Earnings From Cont. Operations, 5 Yr. CAGR %	22.31	17.88	20.59	34.65	-7.95
Net Income, 5 Yr. CAGR %	22.33	18.15	20.61	35.27	-8.04
Normalized Net Income, 5 Yr. CAGR %	14.94	16.85	20.65	1.76	-22.72
Diluted EPS Before Extra, 5 Yr. CAGR %	22.31	18.13	20.48	35.12	-8.14
Accounts Receivable, 5 Yr. CAGR %	54.71	67.5	29.9	15.02	23.09
Net Property, Plant and Equip., 5 Yr. CAGR %	37.3	-27.12	-28.13	-31.16	-30.88
Total Assets, 5 Yr. CAGR %	-2.3	-5.67	-1.03	-2.21	-5.48
Tangible Book Value, 5 Yr. CAGR %	-0.66	-2.79	-1.01	-2.94	-6.22
Common Equity, 5 Yr. CAGR %	-0.68	-2.78	-1.01	-2.94	-6.22
Cash From Operations, 5 Yr. CAGR %	8.98	-17.21	-0.1	-2.61	39.91
Capital Expenditures, 5 Yr. CAGR %	59.74	-54.95	-77.79	-32.81	-28.53
Levered Free Cash Flow, 5 Yr. CAGR %	-21.75	13.87	-31.34	-11.75	13.52
Unlevered Free Cash Flow, 5 Yr. CAGR %	-21.66	14.26	-31.37	-11.76	13.4