Public Joint Stock Company Polyus (PLZL) H2 2025 earnings summary

Executive summary

• Achieved total revenue of $8,723 million for 2025, up from $7,343 million in 2024, driven by higher gold sales volumes and prices.

• Net profit for 2025 was $3,789 million, a significant increase from $3,214 million in 2024.

• Total comprehensive income reached $4,284 million, reflecting strong operational performance and favorable currency translation effects.

• Management confirmed the Group's ability to continue as a going concern for at least 12 months from the reporting date.

Financial highlights

• Gross profit rose to $6,179 million in 2025 from $5,560 million in 2024.

• Operating profit increased to $5,133 million, up from $4,743 million year-over-year.

• Earnings per share (basic) from continuing and discontinued operations were $3.99, up from $3.40 in 2024.

• Cash and cash equivalents at year-end were $1,778 million, up from $1,577 million.

• Dividends declared for 2025 totaled $2,082 million, compared to $1,147 million in 2024.

Outlook and guidance

• Management expects continued operational stability and has adequate resources to support ongoing operations and capital commitments.

• New dividend policy targets payout of 30% of Adjusted EBITDA, with at least two payments per year.