Rostelecom Profit Up 9% in First Half 2026
The net profit of the company «Rostelecom» (MOEX: RTKM) according to IFRS increased year-on-year by 9% and amounted to 14 billion rubles for the first half of the year.
Consensus
- Rostelecom's net profit according to IFRS increased by 9% year-on-year in the first half of 2026.
- The net profit amounted to 14 billion rubles for the first half of 2026.
- Rostelecom's revenue increased by 11% year-on-year in the first half of 26.
- The growth in revenue was driven by increased demand for broadband internet, mobile services, and infrastructure services.
- The share of digital services in revenue reached at least 22%.
- Shareholders approved dividend payments of 2.71 rubles per ordinary and preferred share.
- The total dividend payout amounted to 9.46 billion rubles.
- The dividend payout represented 50.6% of adjusted net profit under IFRS for the period.
Points of divergence
- The OIBDA increased to 171.4 billion rubles, with an OIBDA margin of 39.3%. — kommersant
- The OIBDA increased to 87.5 billion rubles, with a margin of 38.6%. — vedomosti
- The OIBDA growth was 11%. — kommersant
- The OIBDA growth was 9%. — vedomosti
- Operating expenses in January–June 2026 increased by 11% compared to the same period in 2025 and amounted to 359.8 billion rubles. — kommersant
- No data on operating expenses was provided. — vedomosti
- The debt-to-OIBDA ratio decreased from 2.3 to 2.1. — kommersant
- No data on the debt-to-OIBDA ratio was provided. — vedomosti
- The share of digital services in revenue was 22%. — kommersant
- The share of digital services in revenue increased to 23%. — vedomosti
- Free cash flow (FCF) was not mentioned. — kommersant
- FCF improved to 12.2 billion rubles due to optimization of capital expenditures. — vedomosti
Coverage (2 sources)
- Net profit of Rostelecom grew by 9% in the first half of the year according to IFRS — Коммерсантъ
- Net profit of Rostelecom in the first half of the year amounted to 14 billion rubles — Ведомости