16 February 2024

OGK-2 Releases RAS Accounting Statements for the 2023FY

OGK-2 releases Accounting Statements for the 2023FY, in accordance with Russian Accounting Standards (RAS).

Key Highlights of the Statement of Financial Results (mn RUR)

2022

2023

Change (%)

Change (∆)

Revenue

142 921

164 677

21 757

+15,2%

Cost of sales

-112 581

-134 707

-22 127

+19,7%

Gross profit

30 340

29 970

-370

- 1,2%

Net profit

12 094

9 918

 - 2 176

- 18,0%

EBITDA*

38 402

35 241

- 3 161

- 8,2%

*EBITDA = Operating Profit + Amortization and Depreciation + Impairment Loss (Reserve Accrual) on Non-finance Assets

For reference:
OGK-2 is an energy company, comprising 12 branches with total installed capacity of circa 16.3 GW: Surgutskaya GRES-1, Ryazanskaya GRES, Kirishskaya GRES, Stavropolskaya GRES, Novocherkasskaya GRES, Troitskaya GRES, Cherepovetskaya GRES, Serovskaya GRES, Pskovskaya GRES, Adlerskaya TPP, Groznenskaya TPP and Svobodnenskaya TPP.