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Public Joint Stock Company Polyus (PLZL) investor relations material
Public Joint Stock Company Polyus H1 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Interim condensed consolidated financial statements cover the six months ended 30 June 2026, prepared under a special basis to avoid disclosure that could harm the group or its counterparties.
Management asserts the group remains a going concern, with adequate resources for at least 12 months from the reporting date.
The review by independent auditors resulted in a qualified conclusion due to inability to verify related party disclosures.
Financial highlights
Total revenue for the period was $4,674 million, up from $3,688 million for the same period in 2025.
Profit for the period was $829 million, down from $2,018 million year-over-year.
Total comprehensive income was $825 million, compared to $2,513 million in the prior year.
Earnings per share (basic and diluted) were $0.87, down from $2.13 and $2.12, respectively, in 2025.
Outlook and guidance
Management expects the group to continue as a going concern, considering financial position, future trading, borrowings, and capital commitments.
- Strong revenue and profit growth, higher dividends, and stable leverage amid ongoing sanctions.PLZL
H2 2025 - Revenue up 35% on higher gold prices, despite 11% lower output and rising costs.PLZL
H1 2025 - Net profit surged to USD 1.6bn on higher gold sales and asset disposal, but sanctions risks persist.PLZL
H1 2024 - Gold output up 3% and 2024 guidance raised, with strong ESG and project progress.PLZL
H1 2024 TU - Record gold output in 2024, with growth projects and ESG performance advancing.PLZL
H2 2024 TU - Polyus delivered record revenue and profit in 2024, maintaining resilience amid sanctions.PLZL
H2 2024
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