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Edge20 Mar 2026
Tetra Pak: The Shape of Innovation
The story of Tetra Pak, the Rausing family, and how a paper tetrahedron gave rise to a company that now delivers almost 180 billion packages a year.
VK International
VK International (VKCO) investor relations material
VK International Q4 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q4 2025 earnings summary19 Mar, 2026
Executive summary
Revenue for 2025 rose 8% YoY to RUB 160.0 bn, with adjusted EBITDA at RUB 22.6 bn and margin increasing to 14%.
Net cash from operating activities improved to RUB 3.0 bn from negative RUB 4.9 bn in 2024, and net debt was more than halved to RUB 82 bn.
All operating segments posted positive EBITDA margins in 2025.
Key audience metrics hit record highs: daily audience reached 81.5 mn, users spent 57 bn minutes per day, and monthly reach was 97% of the Russian internet segment, up 20% YoY.
Financial highlights
Revenue: RUB 160.0 bn in 2025, up 8% YoY.
Adjusted EBITDA: RUB 22.6 bn, margin 14%.
Major revenue drivers: 38% growth in VK Tech, 19% in EdTech, 12% in SME online advertising, 68% in video advertising.
Net cash from operations: RUB 3.0 bn, a significant turnaround YoY.
Net debt/EBITDA ratio at 3.6, with a weighted average interest rate below 10%.
Outlook and guidance
EBITDA expected to exceed RUB 20 bn in 2026, subject to macroeconomic and market conditions.
Target to reduce Net debt/EBITDA to the 2–3 range in the short to medium term.
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Latest events from VK International
- Revenue up 10% YoY to RUB 111.3 bn, all segments profitable, and EBITDA seen above RUB 20 bn.VKCO
Q3 20252 Dec 2025 - Revenue up 13% YoY, adjusted EBITDA at RUB 10.4 bn, but going concern risk persists.VKCOQ2 202513 Aug 2025
- 21% revenue growth and record user engagement driven by digital and tech segments.VKCOQ3 202413 Jun 2025
- 23% revenue growth in H1 2024 was offset by a RUB 24.6 bn net loss and liquidity risks.VKCOQ2 202413 Jun 2025
- Q1 2025 revenue up 16% YoY, adjusted EBITDA up 4.7x, all segments profitable.VKCOQ1 20256 Jun 2025
- Revenue rose 23% in 2024, but net loss deepened amid high costs and financial risks.VKCOQ4 20245 Jun 2025
Next VK International earnings date
Q1 202623 Apr, 2026
VK International
Next VK International earnings date
Q1 202623 Apr, 2026
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Leroy DaleyApp Store
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Eferix Drawings Google Play
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@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
@theshortbearx.com
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