Adjusted net profit increased sevenfold to 10.1 billion rubles
Adjusted net profit increased sevenfold to 10.1 billion rubles, compared to 1.4 billion rubles for the same period in 2025.
Consensus
- Cherkizovo's revenue in the first half of 2026 was 141.6 billion rubles.
- Revenue grew by 3.5% compared to the same period in 2025.
- Adjusted net profit increased significantly, reaching 10.1 billion rubles.
- Adjusted EBITDA rose by 37.7% to 27.2 billion rubles.
- The investment program was reduced by 18.9% to 8.6 billion rubles.
- The ratio of capital expenditures to revenue decreased to 6.0%, the lowest in five years.
- Free cash flow improved to 11.3 billion rubles, compared to -2.8 billion rubles in the first half of 2025.
- Net debt decreased to 139.5 billion rubles by June 30, 2026.
- Cherkizovo is a major Russian producer of pork, poultry, turkey, and meat processing products.
- The company operates 15 poultry complexes, 20 pig complexes, and 13 meat processing plants.
- The company reported a reduction in interest expenses and improved operational efficiency.
Points of divergence
- Net profit according to IFRS for the first half of 2026 reached 14.08 billion rubles, which is twice the result of the same period in 2025. — vedomosti
- Under RSBU, Cherkizovo reported 12.9 billion rubles of net profit for the first half of 2026, with revenue growing by 83.5% year-on-year to 20.9 billion rubles. — vedomosti
- Adjusted gross profit was 39 billion rubles, with a margin of 27.6%. — interfax
- The group's total sales volume decreased by 1% year-on-year to 656 thousand tons, due to a 10% drop in exports. — kommersant
- Export volumes were redirected to the retail channel, increasing average revenue per ton by 4.5% year-on-year. — kommersant
- The board of directors recommended dividends of 120.19 rubles per share for the first half of 2026. — vedomosti
Coverage (3 sources)
- Revenue of Cherkizovo exceeded 141 billion rubles in six months according to IFRS — Коммерсантъ
- Net profit of Cherkizovo according to IFRS doubled in six months — Ведомости
- Revenue of Cherkizovo by IFRS in the first half of the year grew by 3.5%, to 141.6 billion rubles — Интерфакс