MGLK Profit Up 34% in First Half of 2026
MGLK's net profit rose by 34% year-on-year in the first half of 2026, reaching 553 million rubles, driven primarily by its pawnbroking and resale operations. The company also reported a 2.7-fold increase in revenue to 27 billion rubles and a 63% rise in EBITDA to 1.81 billion rubles.
Consensus
- MGLK's net profit increased by 34% year-on-year in H1 2026.
- Net profit reached 553 million rubles in the first half of 2026.
- 94% of net profit was generated by pawnbroking and resale activities.
- Consolidated revenue grew 2.7 times to 27 billion rubles in the first half of 2016.
- EBITDA increased by 63% to 1.81 billion rubles.
- The company's strategy includes integrating a bank into the group.
- The company conducted an IPO at the end of 2023.
- The number of retail clients increased by 11% to 143,400 in the first seven months of 2026.
- The share of goods stored for over 90 days decreased to 2.3% in January–July 2026.
Points of divergence
- The company's strategy includes the inclusion of a bank in the group's perimeter to occupy a vacant niche in the market for investment-grade precious metals for private investors. — kommersant
- The main driver of revenue growth was wholesale trading, which increased more than threefold year-on-year. — vedomosti
- The share of goods stored for over 90 days was 14% in January–July 2025. — vedomosti
- The company's revenue for the first seven months of 2025 was approximately 29.8 billion rubles, a 2.5-fold increase compared to the same period in 2025. — vedomosti
- Basic earnings per share increased by 37% to 0.46 rubles. — vedomosti
- Shareholders decided not to pay dividends for 2025 and instead reinvest the retained profit into strengthening financial stability and business development. — vedomosti
Coverage (2 sources)
- Net profit of MGKL grew by a third in the first half of the year — Коммерсантъ
- MGC increased net profit by 34% according to IFRS in the first half of the year — Ведомости