Rusal Board Recommends No Dividends for H1 2026
The board of directors of 'Rusal' recommended not paying dividends for the first half of 2026, citing financial results, macroeconomic conditions, market dynamics, and sanctions pressure. The company also faced regulatory scrutiny from the Federal Antimonopoly Service over pricing practices.
Consensus
- The board of directors of Rusal recommended not paying dividends for the first half of the year.
- The decision was based on financial results, macroeconomic conditions, market conditions, and sanctions pressure.
- A special general meeting of shareholders is scheduled for September 4 in Kaliningrad.
- Rusal is one of the world's largest producers of primary aluminum and bauxite.
Points of divergence
- The board of 'Raspadskaya' recommended not paying dividends for the first half, citing financial results, macroeconomic situation, market conditions, and sanctions pressure. — kommersant
- Rusal faced a case opened by the Federal Antimonopoly Service on July 15 for violating a warning related to aluminum supply contracts, with prices for Russian buyers higher than export prices. — vedomosti
- Rusal plans to challenge the FAS warning in court, arguing it contradicts the Competition Law and creates price discrimination. — vedomosti
- Raspadskaya reported an 8.3 billion ruble net loss under IFRS for the first half, with revenue down 4.4% to 56.7 billion rubles, while gross profit increased by 25% to 14.93 billion rubles. — kommersant
Coverage (3 sources)
- Board of Directors of 'Raspadska' Recommended Not Paying Dividends for the First Half of the Year — Коммерсантъ
- SD "Rusala" recommended not to pay dividends for the first half of the year — Ведомости
- Board of Directors of "Rusal" Recommended Not Paying Dividends for the First Half of the Year — Коммерсантъ