Public Joint Stock Company Polyus (PLZL) H1 2026 earnings summary

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.