Magnit · RUS:MGNT
Magnit — H1 2026 Earnings Presentation
47 slides from Magnit's earnings presentation, 2026
Slide 1: Investor Presentation 1H 2026 Results
Investor Presentation 1H 2026 RESULTS
Slide 2: Disclaimer
Russian Market Overview Strategy Magnit Today Operating and Financial Results Appendix Disclaimer This presentation ("Company Presentation") comprises certain written materials/ No representation or warranty, express or implied, is given by or on behalf of the Certain statements in this Company Pres
Slide 3: Magnit at a Glance
Russian Market Overview Strategy Magnit Today Operating and Financial Results Appendix Magnit at a Glance #1 retailer in Russia by number of stores with unrivalled infrastructure platform Key differentiation 33,652 11,593 50 8,558 Total Number Selling Space, Distribution Trucks points of Stores thou
Slide 4: Geographical Coverage
Russian Market Overview Strategy Magnit Today Operating and Financial Results Appendix Geographical Coverage North North Far Caucasus Southern Central Volga West Urals Siberian Eastern TOTAL 746 1 644 Convenience stores 3 348 5 913 5 552 2 545 2 239 21 987 5 thous. Magnit Cities& 19 Towns Supermarke
Slide 5: Operating Highlights
Russian Market Overview Strategy Magnit Today Operating and Financial Results Appendix Operating Highlights 1 Net retail sales, RUB bln1 2 Number of stores, EOP 3 Selling space, th. sq. m Net retail sales YoY growth, % Selling space YoY growth, % 3,483 33,440 33,652 31,482 10,934 11,544 11,593 3,018
Slide 6: Financial Performance
Russian Market Overview Strategy Magnit Today Operating and Financial Results Appendix Financial Performance Concise Profit & Loss Core 1H 2024 1H 2025 1H 2026 YoY achievements Sales, bn Rub 1,460.1 1,673.2 1,887.2 +12.8% Gross margin, % 22.4 22.2 23.2 +1.0pp SG&A, % (20.6) (20.9) (22.1) -1.2pp Impr
Slide 7: Russian Market Overview
Russian Market Overview Russian Macro Environment • Top-10 Russian Food Retailers and Market Share Breakdown
Slide 8: Russian Macro Environment
Russian Market Overview Strategy Magnit Today Operating and Financial Results Appendix Russian Macro Environment Real food retail sales 1 Real GDP decelerated y-o-y in 1H 2026, according to preliminary estimates Real GDP YoY change, % YoY 0.6% YoY in 1H 2026 4 growth decelerated y-o-y in 1H 2026. Ma
Slide 9: Top-10 Russian Food Retailers and Market Share Breakdown
Russian Market Overview Strategy Magnit Today Operating and Financial Results Appendix Top-10 Russian Food Retailers and Market Share Breakdown Magnit is a leading company on the growing Russian food retail market Russian market share breakdown X5 16.6% 100% 22% Magnit 13.6% 20% 19% 18% 17% Traditio
Slide 10: Strategy
Strategy Our Strategic Goal Our Strategy at a Glance
Slide 11: Our Strategic Goal
Russian Market Overview Strategy Magnit Today Operating and Financial Results Appendix Our Strategic Goal Achieve market leadership through a unique multiformat offering, supported by a broad ecosystem of tech-driven services, all integrated under a single loyalty programme We implement our strategy
Slide 12: Our Strategy at a Glance
Russian Market Overview Strategy Magnit Today Operating and Financial Results Appendix Out Strategy at a Glance The Company focuses on continuously enhancing its value proposition for customers and improving the efficiency of internal processes Key strategic areas To address structural challenges, w
Slide 13: Magnit Today
Magnit Today Magnit Convenience Store Magnit Supermarket • Drogerie Dixy Convenience Store • Magnit Pharmacy Samberi stores • Azbuka vkusa • Magnit Pharmacy • First Choice • Boost from Magnit • E-commerce • Own Production & Private Label • Suppliers • Supply Chain Employees
Slide 14: Magnit Convenience Store
Russian Market Overview Strategy Magnit Today Operating and Financial Results Appendix Magnit Convenience Store 01 A modern convenience store with quality services, where everyday shopping is simple and affordable at fair prices Size of the Store, sq. m Missions Total size, 467 Regular purchase Indi
Slide 15: Magnit Convenience Store
Russian Market Overview Strategy Magnit Today Operating and Financial Results Appendix Magnit Convenience Store 02 Key operating statistics Store openings Selling space, thousand sq. m Payback period 7,586 Leased 3.2% 88% leased Increase YoY 12% owned 3-4 years CAPEX th RUB Average ticket Number of
Slide 16: Magnit Supermarket
Russian Market Overview Strategy Magnit Today Operating and Financial Results Appendix Magnit Supermarket 01 Large-format stores combine the functionality for everyday quick purchases with the capacity for stock-up shopping. They are distinguished by an extended product range, featuring in particula
Slide 17: Magnit Supermarket
Russian Market Overview Strategy Magnit Today Operating and Financial Results Appendix Magnit Supermarket 02 Key operating statistics Selling space, thousand sq. m 904 -1.0% Increase YoY 44% leased 56% owned Average ticket Number of tickets LTM - sales density*, (excl. VAT) 1H 2026, RUB 1H 2026, mln
Slide 18: Drogerie
Russian Market Overview Strategy Magnit Today Operating and Financial Results Appendix Drogerie 01 Stores that help people feel confident, beautiful, and comfortable every day by offering affordable, high-quality, on-trend products for beauty and Missions home, as well as technology and service M.Co
Slide 19: Drogerie
Russian Market Overview Strategy Magnit Today Operating and Financial Results Appendix Drogerie 02 Key operating statistics 1 Store openings Selling space, thousand sq. m Payback period 1,801 -1.4% Leased 93% leased 7% owned Increase YoY 3-4 years CAPEX th RUB sq. m of selling space Average ticket N
Slide 20: Dixy Convenience Store
Russian Market Overview Strategy Magnit Today Operating and Financial Results Appendix Dixy Convenience Store A convenient and affordable store for everyday shopping with an extensive selection of essential products Key operating statistics offered at attractive prices Selling space, thousand sq. m
Slide 21: Samberi Stores
Russian Market Overview Strategy Magnit Today Operating and Financial Results Appendix Samberi Stores Samberi is the largest multiformat food retail chain in the Russian Far East operating stores across four main formats: hypermarkets, supermarkets, convenience stores, and discounters, offering a co
Slide 22: Azbuka Vkusa Store
Russian Market Overview Strategy Magnit Today Operating and Financial Results Appendix Azbuka Vkusa Store A store offering a wide and unique range of high-quality products, Missions combined with a personalised and professional approach to the Regular procurement customer experience Spreading the ta
Slide 23: Magnit Pharmacy
Russian Market Overview Strategy Magnit Today Operating and Financial Results Appendix Magnit Pharmacy A federal pharmacy chain offering a wide range of medicines, medical devices, and Key operating statistics health products at affordable prices Number of stores Selling space, thousand sq. m Locati
Slide 24: First Choice (V1)
Russian Market Overview Strategy Magnit Today Operating and Financial Results Appendix First Choice (V1) Hard discounters Stores with a focus on a limited yet high-quality assortment at attractive prices, catering to basic customer needs Missions Just the essentials: no goods Total selling space, th
Slide 25: Zaryad by Magnit
Russian Market Overview Strategy Magnit Today Operating and Financial Results Appendix Zaryad by Magnit Missions Сompact, fast and convenient stores with a focus on ready-to-eat meals, Ready-to-eat meals, including hot food, baked coffee and snacks goods and coffee Fruit and vegetables, snacks, soft
Slide 26: Roll-Out of E-commerce Across All Missions
Russian Market Overview Strategy Magnit Today Operating and Financial Results Appendix Roll-Out of E-commerce Across All Missions Missions Own service Partners • Magnit delivery Express • Self-pickup available 132.2 bn₽ online GMV1 for 1H 2026 Stock-up 438,647 avg. # of orders per day in 1H 2026 E-P
Slide 27: Magnit Delivery
Russian Market Overview Strategy Magnit Today Operating and Financial Results Appendix Magnit Delivery Own delivery service for groceries, cosmetics, pharmacy products from Magnit retail stores, as well as ready-to-eat meals from partner restaurants +77% 28,686 YoY growth in Magnit Delivery orders1
Slide 28: Private Label & Own Production as Differentiation Pillars
Russian Market Overview Strategy Magnit Today Operating and Financial Results Appendix Private Label & Own Production as Differentiation Pillars Magnit is the only retailer in Russia that produces food at its own manufacturing facilities. In-house production helps meet the chain's demand for fresh p
Slide 29: Development of own production in 2025
Russian Market Overview Strategy Magnit Today Operating and Financial Results Appendix Development of own production in 2025 Magnit began supplying stores with in-house grown herbs and organic oyster mushrooms Magnit launched a new tomato variety – Baku Accent – which became the second most popular
Slide 30: Suppliers
Russian Market Overview Strategy Magnit Today Operating and Financial Results Appendix Suppliers Magnit differentiates its product offering through tailored procurement initiatives, including strategic partnerships with suppliers >5.2 thous. 3.1 thous. suppliers local suppliers >800 21 thous. Russia
Slide 31: Partnership with farmers
Russian Market Overview Strategy Magnit Today Operating and Financial Results Appendix Partnership with farmers The Company actively cooperates with farmers producing unique, high-quality products 162 2.5 bln RUB partner farmers turnover of farm products in the retail 24% chain >1 thous. 550 tonnes
Slide 32: Supply Chain
Russian Market Overview Strategy Magnit Today Operating and Financial Results Appendix Supply Chain North Far North Central Volga Southern Urals Siberian TOTAL West Eastern Caucasus Centralization Ratio 1H 2026 92% Delivered from DC 8% Direct DCs* 16 11 6 6 4 3 3 1 50 supplies 742 Nationwide coverag
Slide 33: Employees
Russian Market Overview Strategy Magnit Today Operating and Financial Results Appendix Appendix Employees 388 thousand Headcount of Employees 47 Distribution 306 3 Regional In-store branches 24 Head Office 7 Other Samberi Azbuka Dixy Super- Drogerie Convenience formats Vkusa markets Stores Stores Pr
Slide 34: Operating and Financial Results
Operating and Financial Results Key Operating Highlights • Summary Profit & Loss Revenue & Costs • Gross Margin & EBITDA • Balance Sheet Debt Portfolio • CAPEX Analysis • Free Cash Flow
Slide 35: Key Operating Highlights
Russian Market Overview Strategy Magnit Today Operating and Financial Results Appendix Key Operating Highlights Return to parent slide 1 Net retail sales, RUB bln 2 Number of visits, mln A LFL sales growth, % 1 871 Number of visits YoY growth, % Net retail sales YoY growth, % 1 821 11.2 3 627 10.7 1
Slide 36: Summary Profit & Loss
Russian Market Overview Strategy Magnit Today Operating and Financial Results Appendix Summary Profit & Loss RUB mln pre-IFRS 16 IFRS 16 1H 2026 1H 2025 YoY Growth 1H 2026 1H 2025 YoY Growth Net sales 1,887,188 1,673,224 12.8% 1,887,188 1,673,224 12.8% Cost of sales -1,450,145 -1,301,994 11.4% -1,44
Slide 37: Revenue & Costs
Russian Market Overview Strategy Magnit Today Operating and Financial Results Appendix Revenue & Costs YoY growth, % Revenue SG&A Expense Structure Dynamics, 12.8% % % 1,887.2 of sales of SG&A RUB bln 1,673.2 RUB bln Total 417.0 22.1% 100.0% Staff costs 181.1 9.6% 43.4% 1H 2025 1H 2026 Rent 80.6 4.3
Slide 38: Gross Margin & EBITDA
Russian Market Overview Strategy Magnit Today Operating and Financial Results Appendix Gross Margin & EBITDA Pre-IFRS 16 IFRS 16 Gross +97 b.p. Margin Bridge, As % 22.4% 22.2% 23.2% 23.3% of revenue YoY decrease -23 b.p. 1H 2025 1H 2026 1H 2024 1H 2026 EBITDA 9.1% Margin Bridge, -3 b.p. As % 1.0% -0
Slide 39: Balance Sheet
Russian Market Overview Strategy Magnit Today Operating and Financial Results Appendix Balance Sheet RUB mln ASSETS 30.06.2026 31.12.2025 EQUITY AND LIABILITIES 30.06.2026 31.12.2025 Equity attributable to the Property, plant and equipment 517,515 533,619 shareholders of the parent company 132,949 1
Slide 40: Debt Portfolio
Russian Market Overview Strategy Magnit Today Operating and Financial Results Appendix Debt Portfolio Debt portfolio maturity2 Debt Level Dynamics, RUB bln Low Currency Risk RUB bln 922.2 161.2 No loans denominated in foreign currency 1,542.7 Short-term debt Long-term debt 1,345.8 Bonds 404.1 97.3%
Slide 41: CAPEX Analysis
Russian Market Overview Strategy Magnit Today Operating and Financial Results Appendix CAPEX Analysis 1H 2026 1H 2025 RUB mln RUB mln Total 36,803 68,314 Construction in progress 20,204 and buildings 11,703 29.6% 31.8% 38,162 Machinery and 55.9% equipment 15,081 41.0% 9,948 Other 3 2 14.6% assets 0.
Slide 42: Free Cash Flow
Russian Market Overview Strategy Magnit Today Operating and Financial Results Appendix Free Cash Flow 147,622 (115,071) 1H 2025, RUB mln (65,331) (35,793) (139,821) (88,264) Adjusted Change Working Capital in (3,014) (74,498) EBITDA* working Analysis capital Net Taxes OCF interest paid 54,433 (2,877
Slide 43: Appendix
Appendix Russian Macro Environment Operating Data Summary
Slide 44: Russian Macro Environment
Russian Market Overview Strategy Magnit Today Operating and Financial Results Appendix Russian Macro Environment Return to parent slide Real GDP decelerated to 0.6% y-o-y in 1H Real disposable income grew y-o-y in 1H 2026. 1 2 Inflation in 1H 2026 decelerated y-o-y 3 Unemployment level remained flat
Slide 45: Operating Data Summary
Russian Market Overview Strategy Magnit Today Operating and Financial Results Appendix Operating Data Summary RUB bln FY 2023 1H 2024 FY 2024 1H 2025 FY 2025 1H 2026 SALES TOTAL 2,544.7 1,460.1 3,043.4 1,673.2 3,509.2 1,887.2 YoY growth, % 8.2% 18.8% 19.6% 14.6% 15.3% 12.8% NET RETAIL SALES 2,509.3
Slide 46: Operating Data Summary
Russian Market Overview Strategy Magnit Today Operating and Financial Results Appendix Operating Data Summary 2023 1H 2024 2024 1H 2025 2025 1H 2026 LFL sales growth 5.5% 10.7% 11.2% 9.8% 8.7% 6.4% Magnit Convenience Stores 6.5% 11.4% 11.7% 9.8% 8.9% 7.0% DIXY Convenience Stores 2.3% 11.7% 12.4% 11.
Slide 47: Contact Information
Russian Market Overview Strategy Magnit Today Operating and Financial Results Appendix Contact Information Magnit Investor Relations Team magnitIR@magnit.ru magnit.com/en 15/5 Solnechnaya Street, Krasnodar, 350072, Russian Federation