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Public Joint Stock Company Mining and Metallurgical Company Norilsk Nickel
Public Joint Stock Company Mining and Metallurgical Company Norilsk Nickel (GMKN) investor relations material
Public Joint Stock Company Mining and Metallurgical Company Norilsk Nickel H1 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.H1 2026 earnings summary30 Jul, 2026
Executive summary
Revenue for the first half of 2026 reached ₽542.6 billion, up 19% year-over-year from ₽456.6 billion.
Net profit for the period was ₽76.9 billion, a 31% increase compared to ₽58.6 billion in the same period last year.
No dividends were declared for the reporting period.
Financial highlights
Gross profit rose to ₽233.8 billion from ₽175.3 billion year-over-year.
Operating profit from sales increased to ₽191.9 billion from ₽136.0 billion.
Basic earnings per share grew to ₽5.03 from ₽3.83 year-over-year.
Total assets as of June 30, 2026, were ₽2.26 trillion, up from ₽2.17 trillion at year-end 2025.
Cash and equivalents at period end were ₽63.8 billion, down from ₽88.3 billion at the start of the year.
Outlook and guidance
The company continues to focus on full-cycle metal production and centralized management, with no new accounting standards affecting 2026 reporting.
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Latest events from Public Joint Stock Company Mining and Metallurgical Company Norilsk Nickel
- Revenue and net income surged in 2025 amid strong metal prices and major investments.GMKN
H2 2025 - Revenue and EBITDA fell sharply on lower metal prices and logistics disruptions; net debt rose.GMKNH1 2024
- Revenue and EBITDA declined, but production and environmental targets were surpassed.GMKNH2 2024
- Revenue up 15% and EBITDA up 12% year-over-year, with strong cash flow and higher net debt.GMKNH1 2025
Next Public Joint Stock Company Mining and Metallurgical Company Norilsk Nickel earnings date
H2 202610 Feb, 2027
Public Joint Stock Company Mining and Metallurgical Company Norilsk Nickel
Next Public Joint Stock Company Mining and Metallurgical Company Norilsk Nickel earnings date
H2 202610 Feb, 2027
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