Russia's YATEC boosts net profit to RAS 35% to 1 bln rubles in Q1

YAKUTSK. May 5 (Interfax) - PJSC Yakutia Fuel and Energy Company (YATEC) posted a net profit of 1.021 billion rubles to Russian Accounting Standards (RAS) in January-March 2025, up 35.3% year-on-year, according to the company's financial statements.

YATEC's revenue for 3M grew 27.8% to 4.223 billion rubles, while the cost of sales increased 28.6% to 1.422 billion rubles.

The report does not provide commentary on the dynamics of the company's financial performance.

Key financial indicators of PJSC YATEC (thousand rubles):

3M 2025 3M 2024 Trend Sales revenue 4 222 713 3 305 129 +27,8% Cost of sales 1 422 375 1 106 247 +28,6% Gross profit 2 800 338 2 198 882 +27,4% Operating profit 1 847 998 1 236 592 +150% Profit before tax 1 420 785 940 303 +150% Net profit 1 020 804 754 372 +35,3%

YATEC is an independent gas production company holding rights to 10 licensed fields and deposits. According to YATEC's information, Albert Avdolyan was the majority shareholder, with partners also among co-owners; free float stands at 1.84%.