27 October 2021

OGK-2 RAS Net Profit for the 9M 2021 Increased by 40%

OGK-2 releases Accounting Statements for the 9M 2021, in accordance with Russian Accounting Standards (RAS).

Key Highlights of the Statement of Financial Results (mn RUR)

9M 2020

9M 2021

Change (%)

Change (∆)

Revenue

88,466

104,183

+15,717

+17.8%

Cost of sales

(73,249)

(82,913)

+9,664

+13.2%

Gross profit

15,218

21,271

+6,053

+39.8%

Net profit

11,697

16,353

+4,656

+39.8%

EBITDA

25,090

31,022

+5,932

+23.6%

Company revenue totaled RUR 104 bln 183 mn, increasing by 17.8% year-on-year. The revenue increased on the account of growing electricity price and capacity supply under CSA-contracts.

Cost of sales increased to RUR 82 bln 070 913, up by 13.2%.

Gross profit totaled RUR 21 bln 271 mn (+39.8%). EBITDA increased by 23.6% year-on-year, up to RUR 31 bln 022 mn.

Net profit increased by 39.8% to 16 bln 353 mn.

Detailed information about OGK-2 performance in accordance with RAS is available at the company’s website in the RAS Accounting Reports section.

For reference:

OGK-2 is a heat generating company. The Company’s controlling shareholder is ‘Gazprom Energoholding’ LLC (100% subsidiary of ‘Gazprom’ JSC).