3.2.6 Key RAS metrics
FY2025financial year 2025 revenues amounted to RUBruble 127,605 million (+RUB 13,647 million or +12% YoYyear on year). Revenue from electricity transmission services amounted to RUBruble 120,469 million (+RUB 12,420 million or +11.5% on 2024). The revenue growth was driven by an increase in the unified (pie) tariffs for electricity transmission services and a change in the structure of electricity consumption.
FY2025financial year 2025 expenses, including administrative and commercial expenses, amounted to RUBruble 108,753 million (+RUB 7,510 million or +7.4% YoYyear on year). This increase was attributable to higher expenses for services provided by grid companies for electricity transmission, higher costs of purchased electricity for loss compensation, higher costs of works and production-related services under energy‑service contracts aimed at energy saving and improved energy efficiency, as well as higher personnel expenses (wage indexation).
FY2025financial year 2025 net profit amounted to RUBruble 15,773 million (+RUB 1,523 million on 2024). The increase in net profit was mainly driven by growth in the balance of income and expenses from revaluation of financial assets (due to the rise in the value of the PAOPublic Joint-Stock Company Rosseti Lenenergo’s shares.
| Indicator, RUBruble million | 2023 | 2024 | 2025 | 2025/2024, % |
|---|---|---|---|---|
| Total revenues, comprising: | 105,283 | 113,958 | 127,605 | 12.0% |
| — revenues from electricity transmission | 101,389 | 108,049 | 120,469 | 11.5% |
| — revenues from connection | 1,934 | 3,547 | 4,631 | 30.6% |
| — revenues from electricity sales | 0 | 0 | 0 | — |
| — other revenues | 1,960 | 2,362 | 2,505 | 6.1% |
| Total expenses | -90,419 | -99,149 | -106,500 | 7.4% |
| Gross profit | 14,864 | 14,809 | 21,105 | 42.5% |
| Administrative costs | -1,862 | -2,000 | -2,147 | 7.3% |
| Commercial costs | -86 | -94 | -106 | 12.8% |
| Profit (loss) from sales | 12,916 | 12,715 | 18,852 | 48.3% |
| Interest receivable | 299 | 1,207 | 1,447 | 19.9% |
| Interest payable | -1,552 | -2,958 | -4,342 | 46.8% |
| Income from shareholdings | 1,722 | 1,107 | 980 | -11.5% |
| Other revenues | 8,585 | 10,146 | 7,473 | -26.3% |
| Other expenses | -5,847 | -3,774 | -5,167 | 36.9% |
| Pre-tax profit | 16,123 | 18,443 | 19,243 | 4.3% |
| Income tax and other payments | -3,259 | -4,193 | -3,470 | -17.2% |
| Net income (loss) | 12,864 | 14,250 | 15,773 | 10.7% |
| EBITDA* | 24,060 | 28,414 | 31,413 | 10.6% |