LENTA IPJSC (MOEX: LENT), one of the largest multi-format retail chains in Russia, today announces its key operating and financial results for the third quarter and first nine months of 2025.
1. Please note that all financial highlights in this section are based upon pre-IFRS 16 figures.
2. Lenta's LFL results do not include the results of Ulybka Radugi or Molniya stores.
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In the third quarter, Lenta Group continued to deliver growth across all its core formats despite an overall slowdown in the food retail market.
Moreover, our business has achieved target profitability in a challenging labor market: in the reporting period, our EBITDA margin reached 7.3%, while our net profit margin was 3.1%. At the same time, our net debt to EBITDA ratio remained at the comfortable level of 0.9x, confirming the Company's strong financial stability.
Our hypermarkets continued to demonstrate steady positive momentum: LFL sales in the third quarter rose 10.5% year-on-year thanks to an increase in traffic and a higher average ticket, while customer satisfaction reached record levels. During the reporting period, we opened two new Hyper Lenta stores-in Taganrog (economy format) and Krasnodar (XS format)-both of which exceeded their initial targets.
We continue to strengthen our position in the Convenience Store segment, opening 309 new outlets were during the quarter, primarily in the Urals and Siberia. In August, our ninth Monetka distribution center began operating in Tyumen, which will improve logistics efficiency and support sustainable network expansion in the region. Monetka's LFL sales increased by 7.8% year-on-year during the reporting period, but a decline in consumer demand and the high base of the previous year had an impact on traffic trends. The team is focused on restoring customer flows by adapting the product mix and value proposition to meet current customer needs.
Since the beginning of the year, we have refurbished 47 supermarkets that feature an updated value proposition and a focus on developing high-quality in-house products. Super Lenta's performance confirms the effectiveness of our chosen strategy: in the reporting period, LFL sales increased by 18.3%, supported by 2.2% traffic growth and a 15.7% increase in the average ticket. We are also carrying out targeted expansion of this format, including the opening of 11 new supermarkets in attractive locations during the quarter.
In the third quarter, we continued to scale up our drogerie format, opening 128 stores well ahead of schedule. Ulybka Radugi's LFL sales grew by 7.8% year-on-year despite a decrease in traffic as a result of a growing preference for saving among consumers and growing competition. The team is working hard to attract new customers, including by refreshing the brand's visual identity under the Bloom with a Smile concept, which is aimed at creating a modern customer experience and an atmosphere of self-care, ensuring a unified visual style across all customer touchpoints-from the sales floor to digital platforms.
Our own online services continued to show robust growth, while total online sales rose 26.7% year-on-year in the third quarter. We remain focused on developing express delivery from our supermarkets and convenience stores, where we see the greatest potential for scaling the service.
In conclusion, I would like to thank our employees, partners and investors for their collaboration and trust. We entered the final quarter of 2025 in a strong position, and we are confident that we will achieve all our targets set previously. In November, we will present the Group's updated development strategy to 2028, outlining the Company's ambitious new objectives and addressing questions from investors and partners.
Vladimir Sorokin Chief Executive Officer