Public Joint Stock Company Raspadskaya (RASP) H1 2026 earnings summary

Executive summary

• Revenue for the first half of 2026 was ₽56,708 million, down from ₽59,322 million year-over-year.

• Net loss attributable to shareholders was ₽8,296 million, compared to a loss of ₽16,568 million in the prior year period.

• The company remains one of Russia's largest coking coal producers, with 97% of revenue from coal sales.

Financial highlights

• Gross profit increased to ₽14,937 million from ₽11,964 million year-over-year.

• Operating loss was ₽9,291 million, an improvement from a loss of ₽21,530 million in the prior year.

• Basic and diluted loss per share was ₽12.46, compared to ₽24.89 in the previous year.

• Cash and equivalents at period end were ₽5,537 million, down from ₽10,892 million at year-end 2025.

Outlook and guidance

• Management expects continued challenges due to international sanctions and market volatility but believes the group has sufficient resources to continue as a going concern.

• Additional cost and capital expenditure reductions are planned if conditions worsen.