IFRS financial results
Q4 and FY 2024
SisteSistemaa PJSFCPJSFC||IFRSIFRSfinancialfinancialresultsresultsforforQ43 2022and FY 2024
Moscow, Russia - 17 April 2025 - Sistema PJSFC (hereinafter, "Sistema", the "Corporation" or, together with portfolio companies, the "Group") (MOEX: AFKS), a publicly traded Russian investment company, announces its unaudited consolidated financial results prepared according to IFRS for the fourth quarter of 2024 and audited consolidated financial results prepared according to IFRS for the full year that ended on 31 December 2024.
Revenue
1,231.6RUB
bn
12M 2024
Adjusted OIBDA¹
330.0 RUB
bn
12M 2024
Net loss
11.0 RUB
bn
12M 2024
In 12M 2024, Sistema's consolidated revenue grew by 17.8% YoY, to RUB 1,231.6bn (+12.2% YoY for Q4 2024, to RUB 343.3bn).
The Group's adjusted OIBDA¹ for 12M 2024 reached RUB 330.0bn, increasing by 18.5% YoY (+40.3% YoY for Q4 2024, totalling RUB 83.6bn).
Despite an increase in interest expenses due to the Bank of Russia's tight monetary policy, the consolidated net loss for 12M 2024 totalled RUB 11.0bn.
The Group's capital expenditures for 12M 2024 totalled RUB 189.3bn (RUB 58.6bn in Q4 2024).
The Corporate Centre's net financial liabilities² as of the end of 2024 amounted to RUB 315.4bn.
Key events in Q4 2024 and after the reporting period:
The general meeting of the marketplace at the end of December 2024 approved the redomiciliation of the company from Cyprus to Russia.
In Q1 2025, Sistema successfully placed a RUB 12bn bond issue with a fixed monthly coupon of 24% p.a. (yield to maturity: 26.82%) and a put option in 1 year and 1 month.
For further information, please visit www.sistema.comor contact:
IR Service | Press Service |
Phone: +7 (495) 737 01 01 | Phone: +7 495 730 17 05 |
IR@sistema.ru | PR@sistema.ru |
Sistema PJSFC is a publicly traded Russian investment company with a diversified portfolio of assets. The company was founded in 1993. Its aggregate assets as of 31 December 2024 totalled RUB 2.8tn. Sistema's ordinary shares are listed under the "AFKS" ticker on the Moscow Exchange. Website: www.sistema.com
- The Group's OIBDA for Q4 2024 and 12M 2024 was adjusted for one-off gainful acquisition of other assets, one-off effects from gains/losses of associated companies and impairment of financial and
non-financial assets.
2 (2) The Corporate Centre's net financial liabilities are calculated on the basis of management accounts as borrowings less cash and cash equivalents and investments in financial assets at the Corporate Centre level.