Today, Acron Group (Moscow Exchange: AKRN) is releasing its consolidated IFRS financial statements for Q1 2026.
Key Financials
- Revenue was RUB 51,867 million, down 22% year-on-year (Q1 2025: RUB 66,908 million). In US dollar equivalent, revenue decreased by 8% to USD 662 million from USD 717 million a year ago.
- EBITDA* was RUB 15,633 million, down 41% year-on-year (Q1 2025: RUB 26,340 million), while in US dollar terms, it decreased by 29% to USD 200 million from USD 282 million.
- EBITDA margin decreased to 30% from 39% in Q1 2025.
- Net Profit fell to RUB 2,678 million from RUB 14,495 million in Q1 2025. In US dollar terms, it dropped to USD 34 million from USD 155 million.
- In Q1 2026, net debt increased by 10% to RUB 126,949 million against RUB 115,044 million at the end of 2025. In US dollar terms, net debt was up 6% to USD 1,562 million from 1,471 million.
- Net debt/EBITDA for the period increased to 1.57 from 1.25. In US dollar terms, it increased to 1.54 from 1.34.
Operating Results
- Output of main products was 2.105 million tonnes, down 10% year-on-year.
- Sales of main products totalled 2.117 million tonnes, down 16% year-on-year.