International Public Joint-Stock Company T-Technologies (TCS) Q4 2025 earnings summary

Executive summary

• Consolidated financial statements prepared under IFRS for the year ended 31 December 2025, covering a diversified technology-driven financial and lifestyle ecosystem in Russia.

• Major business activities include banking, brokerage, insurance, leasing, factoring, and payments, with significant investments in AI and education.

• Significant acquisitions: PJSC ROSBANK (integrated as a branch in 2025) and ILLC Catalytic People (including a 64% stake in JSC Tochka).

• The group operates primarily in Russia and is subject to ongoing geopolitical tensions and international sanctions.

Financial highlights

• Total assets increased to RR 6,083,903 million as of 31 December 2025 (2024: RR 5,118,041 million).

• Net profit for 2025 was RR 192,414 million, up from RR 122,238 million in 2024.

• Net interest income rose to RR 520,036 million (2024: RR 379,602 million).

• Earnings per share (basic): RR 688.72 (2024: RR 568.54); diluted: RR 663.95 (2024: RR 538.51).

• Total equity reached RR 805,371 million (2024: RR 521,437 million).

• Customer accounts grew to RR 4,411,771 million (2024: RR 4,009,972 million).

Outlook and guidance

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

• Management expects continued resilience amid geopolitical and economic volatility, supported by liquidity reserves and robust risk management.

• Dividend policy targets up to 30% of net profit distributed quarterly.