Public Joint Stock Company Mining and Metallurgical Company Norilsk Nickel
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Public Joint Stock Company Mining and Metallurgical Company Norilsk Nickel (GMKN) investor relations material

Public Joint Stock Company Mining and Metallurgical Company Norilsk Nickel H1 2026 earnings summary

Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
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H1 2026 earnings summary30 Jul, 2026

Executive summary

  • Revenue for the first half of 2026 reached ₽542.6 billion, up 19% year-over-year from ₽456.6 billion.

  • Net profit for the period was ₽76.9 billion, a 31% increase compared to ₽58.6 billion in the same period last year.

  • No dividends were declared for the reporting period.

Financial highlights

  • Gross profit rose to ₽233.8 billion from ₽175.3 billion year-over-year.

  • Operating profit from sales increased to ₽191.9 billion from ₽136.0 billion.

  • Basic earnings per share grew to ₽5.03 from ₽3.83 year-over-year.

  • Total assets as of June 30, 2026, were ₽2.26 trillion, up from ₽2.17 trillion at year-end 2025.

  • Cash and equivalents at period end were ₽63.8 billion, down from ₽88.3 billion at the start of the year.

Outlook and guidance

  • The company continues to focus on full-cycle metal production and centralized management, with no new accounting standards affecting 2026 reporting.

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