Alrosa posts 9.5bn ruble loss in H1 2026
Alrosa (MOEX: ALRS) recorded a net loss of 9.54 billion rubles in the first half of 2026, compared to a net profit of 40.59 billion rubles in the same period last year, according to the company's IFRS financial statements.
Consensus
- Alrosa reported a net loss of 9,54 billion rubles for the first half of 2026.
- This compares to a net profit of 40.6 billion rubles in the same period of 2025.
- EBITDA declined by 61% year-on-year to 14.35 billion rubles.
- Revenue fell by 48% year-on-year to 90.3 billion rubles.
- Free cash flow was negative at 16.86 billion rubles, compared to positive 2.61 billion rubles in the prior year.
- Net debt increased by 84% year-on-year to 112 billion rubles.
- The net debt to EBITDA ratio rose to 3.2x from 1.2x in the first half of 2025.
Points of divergence
- Revenue was 91.73 billion rubles, a 33% decrease year-on-year. — vedomosti
- Adjusted EBITDA reached 14.3 billion rubles. — vedomosti
- EBITDA margin was 16% (down 11 percentage points). — vedomosti
- Capital expenditures decreased by 16% to 18.7 billion rubles. — vedomosti
- Net debt was 112.1 billion rubles. — vedomosti
- Revenue was 90.31 billion rubles, a 32.7% decrease year-on-year. — komersant
- Net debt was 112 billion rubles. — komersant
- Alrosa reported a loss of 10.67 billion rubles in the first half of the year under RSBU. — komersant
- Consensus forecast for EBITDA was 14.5 billion rubles. — interfax
- Consensus forecast for revenue was 94.9 billion rubles. — interfax
- The company's net loss was explained in part by proceeds of around 30 billion rubles from the sale of a stake in the Angolan company Katoka. — interfax
- Alrosa last reported a net loss under IFRS in 2014, due to exchange rate differences from revaluation of foreign currency-denominated credit portfolio. — interfax
Coverage (3 sources)
- EBITDA "ALROSA" in first half fell by 61%, to 14.35 billion rubles — Интерфакс
- Alrosa completed the half-year with a net loss of 9.5 billion rubles — Ведомости
- ALROSA received a loss of 9.5 billion rubles in the first half of the year against profit last year — Коммерсантъ