Net profit of Norilsk Nickel for the first half of the year under…
Net profit of Norilsk Nickel for the first half of the year under RSBUS amounted to 76.86 billion rubles, 31% higher than for the first six months of 2025. Revenue reached 542.65 billion rubles, increasing by 19% year-on-year.
Consensus
- Nornickel's revenue for the first half of 2026 increased by 19% year-on-year under RSBUs, reaching 542.65 billion rubles.
- Nornickel's net profit under RSBUs for the first half of 2026 was 76.86–76.89 billion rubles, a 31% increase compared to the same period in 2025.
- The company's gross profit increased by 33.4% to 233.79 billion rubles under RSBUs.
- Nornickel's total assets grew by 4% to 2.26 trillion rubles by the end of the first half of 2026.
- Nornickel's production of nickel decreased by 2% year-on-year to 85,000 tons for the first half of 2026.
- Nornickel's production of copper decreased by 5% year-on-year to 203,000 tons for the first half of the year.
- In the second quarter, nickel production increased by 4% compared to the first quarter, reaching 43,000 tons.
- Nornickel's total liabilities remained nearly unchanged at 1.51 trillion rubles.
- Nornickel reduced its ruble-denominated debt by replacing it with foreign currency obligations, leading to a 38% decrease in interest expenses.
Points of divergence
- Nornickel's revenue under IFRS for the first half of 2026 reached $8.3 billion (645.33 billion rubles), a 28.4% year-on-year increase. — vedomosti
- Nornickel's gross profit under IFRS increased by 45.0% year-on-year to $4.16 billion (323.44 billion rubles). — vedomosti
- Nornickel's operating profit under IFRS nearly doubled to $3.07 billion (238.69 billion rubles). — vedomosti
- Nornickel's profit for the period under IFRS was $2 billion (155.5 billion rubles), a 137.6% increase year-on-year. — vedomosti
- Platinum production for the first half of 2026 decreased by 16% to 281,000 ounces. — vedomosti
- Palladium production for the first half of 2025 decreased by 14% to 1.199 million ounces. — vedomosti
- Nornickel's gross profit increased by 33.4%, reaching 233.79 billion rubles. — kommersant
- Nornickel's profit before tax increased by 26.8% to 103.69 billion rubles. — kommersant
- Nornickel's sales profit increased by 40% to 191.95 billion rubles. — kommersant
- Nornickel's interest expenses decreased to 60 billion rubles, a 38% reduction. — kommersant
Coverage (3 sources)
- Revenue of Norilsk Nickel for the first half of the year according to IFRS increased by 28.4% — Ведомости
- Net profit of 'Norilsk Nickel' according to Russian GAAP for the first half of the year grew by more than 30% — Коммерсантъ
- Net profit of 'Norilsk Nickel' for the first half of the year according to Russian GAAP increased by 31% — Ведомости