The group's revenue for January–June decreased by 11.6% to 387.7…
The group's revenue for January–June decreased by 11.6% to 387.7 billion rubles from 438.7 billion rubles in the same period in 2026. The cost of sales decreased to 277.4 billion rubles from 301.4 billion rubles, and gross profit decreased to 110.3 billion rubles from 137.3 billion rubles.
Consensus
- NLMK reported a decline in net profit for the first half of 2026 compared to the same period in 2025.
- The financial results for both NLMK and VTB were released as part of their interim reporting for the first half of 2026.
- Both companies experienced reductions in revenue during the first half of 2026.
Points of divergence
- NLMK's net profit under IFRS for H1 2026 was 20.5 billion rubles, down from 44.9 billion rubles in H1 2025. — vedomosti
- NLMK's revenue decreased by 11.6% to 387.7 billion rubles in January–June 2026, from 438.7 billion rubles in the same period of 2025. — vedomosti
- NLMK's operating profit fell more than twofold to 25.9 billion rubles from 54.7 billion rubles year-on-year. — vedomosti
- NLMK reported a loss of 5.93 billion rubles under RSBP for January–March 2026, compared to a loss of 1.23 billion rubles in the same period in 2025. — vedomosti
- VTB's net profit for H1 2026 decreased by 20% year-on-year to 225 billion rubles. — kommersant
- VTB's net profit in Q2 2026 fell by 33.6% year-on-year to 92.6 billion rubles. — kommersant
- VTB management reduced its full-year 2026 forecast from 600–650 billion rubles to 600 billion rubles. — kommersant
- VTB's stock price dropped by 2.6% on the Moscow Exchange, reaching a daily low of 55.845 rubles. — kommersant
- Analysts attributed VTB’s share decline not to financial results but to lack of information about a planned rights issue and partnership with Wildberries & Russ. — kommersant
Coverage (5 sources)
- Net profit of NLMK fell by more than twice in the first half of the year — Коммерсантъ
- Чистая прибыль «НЛМК» по МСФО в первом полугодии 2026 года сократилась вдвое — Ведомости
- VTB shares fell by 2.5% after quarterly report release — Коммерсантъ
- VTB's net profit for the half-year fell by 19.8% — Коммерсантъ
- VTB's net profit under IFRS fell by 19.8% in the first half of 2026 — Ведомости