Arenadata Group boosts IFRS revenue 52% to 6 bln rubles, OIBDA 32% to 2.2 bln rubles in 2024

MOSCOW. March 26 (Interfax) - PJSC Arenadata Group, a developer of data storage and analysis software, boosted its revenue to International Financial Reporting Standards by 52% to 6 billion rubles in 2024, the company reported.

The company increased its OIBDA, adjusted for non-cash expenses related to a long-term employee incentive program, by 32% to 2.2 billion rubles, while OIBDAC, which is OIBDA after deducting capitalized costs, increased 40% to 2.1 billion rubles. The OIBDAC margin was 35%, down from 38% in 2023.

Arenadata's net profit grew 33% to 1.9 billion rubles in 2024.