ALROSA (ALRS) investor relations material

Executive summary

• Revenue for the first half of 2026 was ₽74.2 billion, a 36% decrease year-over-year, with a net loss of ₽10.7 billion compared to a profit of ₽39.0 billion in the same period of 2025.

• The company faced significant geopolitical and macroeconomic headwinds, including expanded international sanctions and export restrictions on Russian diamonds, impacting sales and financial performance.

• No dividend was declared for 2025, and the company continues to focus on liquidity and operational stability.

Financial highlights

• Gross profit dropped to ₽4.6 billion from ₽29.2 billion year-over-year.

• Operating loss from continuing operations was ₽14.1 billion, compared to a profit of ₽46.6 billion in the prior year.

• EBITDA and EBIT not explicitly disclosed, but operating and net losses indicate significant margin compression.

• Cash and equivalents at period end were ₽50.3 billion, up from ₽37.0 billion at the start of the year.

• Total assets stood at ₽695.3 billion, with equity of ₽403.4 billion.

Outlook and guidance

• Management expects continued volatility in diamond prices and demand due to ongoing sanctions and global economic uncertainty.

• Introduction of an 8% export duty on rough diamonds from September 2026 is expected to reduce annual profit by approximately ₽3.1 billion.

• The company is taking measures to support business sustainability and fulfill obligations, but the full impact of external risks remains uncertain.