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Edge16 Oct 2026
Winner, Winner: The Chicken McNugget Story
How a 1940s breeding contest, a Cornell food scientist, and a hedge by Ray Dalio helped McDonald's turn the Chicken McNugget into a fast-food icon.
Ozon
Ozon (OZON) investor relations material
Ozon has been delisted
Ozon Q1 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q1 2026 earnings summary28 Apr, 2026
Executive summary
Achieved net profit for the fourth consecutive quarter, with strong revenue and EBITDA growth year-over-year.
Maintained leadership in Russian e-commerce with a 27% market share and continued expansion in fintech.
GMV grew 36% year-over-year to ₽1,135.4bn in Q1 2026, with record quarterly EBITDA margin of 4.3% of GMV.
Revenue increased 49% year-over-year to ₽300.9bn, driven by services and interest income.
Net profit reached ₽4.5bn in Q1 2026, compared to a loss of ₽7.9bn in Q1 2025.
Financial highlights
Group revenue for Q1 2026 reached ₽300.9bn, up 49% year-over-year.
Gross profit rose 45% year-over-year to ₽68.2bn, with a gross margin of 6.0%.
Adjusted EBITDA increased by 50% to ₽48.8bn, margin at 4.3%.
Operating cash flow surged 271% to ₽120.5bn, mainly from working capital improvements and EBITDA growth.
Service revenue grew 55% to ₽185.6bn; product sales up 27% to ₽75.2bn; interest income up 74% to ₽40.1bn.
Outlook and guidance
GMV growth for 2026 expected at 25–30% year-over-year.
Targeting adjusted EBITDA of ~₽200bn and net profit for the full year.
Plans to pay ~₽30bn in dividends in 2026; dividend of ₽70 per share recommended, AGM scheduled for May 15, 2026.
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Latest events from Ozon
- Revenue, EBITDA, and GMV surged in 2025, with strong e-commerce and fintech growth.OZON
Q4 2025 - Record revenue and profit growth, first dividend, and ₽25bn share buyback after redomiciliation.OZONQ3 2025
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- Ozon posted robust GMV and revenue growth, but losses widened on higher costs and investments.OZONQ2 2024
- Record Q3 revenue and EBITDA, with robust growth in E-commerce and Fintech.OZONQ3 2024
- Ozon posted record FY 2024 growth in GMV and adjusted EBITDA, with Fintech revenue up 191%.OZONQ4 2024
Ozon
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Frequently asked questions
Ozon Holdings plc engages in the online retail of multi-category consumer products in Russia. Its product portfolio includes clothing and accessories, home electronics, top-of-the-line furniture, young children toys and games, kitchen utensils and appliances, health and beauty products, sports goods, wine, and others. The company sells its products through a network of Ozon Group Websites as well as off-line distribution channels. It operates under such brands as OZON.ru Website and other online brand markets; O!SHOP Website; SHOP8 Website; Price RU Website; Shop Hat Website; Nastena Website; Decor Market Website; Dolce Lucido Website; Master-x.ru Website; Babywalla.ru Website; and Supershoprussia.ru Website, as well as other businesses that offer a wide assortment of products across various categories.