International Public Joint-Stock Company T-Technologies (TCS) Q2 2025 earnings summary

Executive summary

• Net profit for the six months ended 30 June 2025 reached RR 80,210 million, up from RR 45,738 million year-over-year.

• Total comprehensive income for the period was RR 90,036 million, compared to RR 42,808 million in the prior year.

• Earnings per share (basic) increased to RR 296.37 from RR 238.62 year-over-year.

• The Group completed significant business combinations, including acquiring control over Catalytic and a 64% share in Tochka.

Financial highlights

• Total assets as of 30 June 2025 were RR 5,326,466 million, up from RR 5,118,041 million at year-end 2024.

• Net interest income for the six months was RR 238,070 million, a substantial increase from RR 150,909 million year-over-year.

• Fee and commission income rose to RR 106,916 million from RR 76,402 million year-over-year.

• Credit loss allowance for loans to customers and credit related commitments was RR 79,996 million for the six months, up from RR 44,317 million year-over-year.

• Administrative and other operating expenses increased to RR 132,549 million from RR 76,000 million year-over-year.

Outlook and guidance

• The Group maintains strong capital and liquidity positions, with capital adequacy ratios well above regulatory minimums.

• Management expects continued stability and resilience despite ongoing geopolitical and market volatility.