Category: НОВАТЭК

Translation. Region: Russian Federation –

Source: NOVATEK – Novatec – An important disclaimer is at the bottom of this article.

NOVATEK announced preliminary production figures for the second quarter and first half of 2025.

Moscow, July 11, 2025. PAO NOVATEK (hereinafter referred to as “NOVATEK” and/or the “Company”) presented preliminary production indicators for the second quarter and first half of 2025.

In the second quarter, hydrocarbon production amounted to 167.6 million barrels of oil equivalent (boe), including 21.18 billion cubic meters of natural gas and 3.44 million tonnes of liquid hydrocarbons (gas condensate and oil). Compared to the second quarter of 2024, hydrocarbon production increased by 4.3 million boe, or 2.6%.

In the first half of the year, hydrocarbon production amounted to 336.7 million boe, including 42.53 billion cubic meters of natural gas and 6.92 million tons of liquid hydrocarbons. Compared to the first half of 2024, hydrocarbon production increased by 6.0 million boe, or 1.8%.

According to preliminary data, the total volume of natural gas sales, including LNG, in the second quarter and first half of 2025 amounted to 18.0 and 39.5 billion cubic meters, respectively, which is 1.1% and 0.5% higher than the same figures for the second quarter and first half of 2024.

The volume of deethanized gas condensate processed in the second quarter and the first half of 2025 amounted to 3.2 and 6.6 million tonnes, respectively, demonstrating an increase of 1.0% and 1.5% compared to the second quarter and the first half of 2024. In the second quarter and the first half of 2025, 2.0 and 4.2 million tonnes of stable gas condensate were processed, respectively, the volume of processing increased by 13.5% and 33.6% compared to the corresponding periods of 2024.

According to preliminary data, the total volume of liquid hydrocarbon sales in the second quarter and first half of 2025 amounted to 4.7 and 9.2 million tons, respectively, which is 18.7% and 11.8% higher than similar figures for the second quarter and first half of 2024.

As of June 30, 2025, 0.9 billion cubic meters of gas, including LNG, as well as 1.3 million tons of stable gas condensate and its processed products were reflected as “finished goods balances” and “goods in transit” in inventories.

Hydrocarbon production, taking into account the share in the production of joint ventures

2 sq. 2025	2 sq. 2024	Change		1st half 2025	1st half 2024	Change
21.18	20.60	2.8%	Natural gas, billion cubic meters	42.53	41.73	1.9%
3.44	3.37	2.2%	Liquid hydrocarbons, million tons	6.92	6.83	1.4%
167.6	163.3	2.6%	Total hydrocarbons, million boe	336.7	330.7	1.8%
1.84	1.79	2.6%	Total hydrocarbons, million boe per day	1.86	1.82	2.4%

***

The information provided in this press release characterizes the expected operating results of PAO NOVATEK for the second quarter and first half of 2025. This information is a preliminary estimate, which may be adjusted after the preparation of statistical, financial, tax, and accounting reports. Therefore, actual results and indicators may differ materially from the stated or projected operating results for the second quarter and first half of 2025. PAO NOVATEK does not undertake (and expressly declares that it has no such obligation) to update or change any statements regarding future results, whether as a result of new information, the occurrence of any future events, or for any other reasons.

PAO NOVATEK is one of the largest independent natural gas producers in Russia. In 2017, the Company entered the international LNG market with the successful launch of the Yamal LNG project. Founded in 1994, the Company is engaged in the exploration, production, processing, and marketing of gas and liquid hydrocarbons. The fields and license areas of NOVATEK's subsidiaries and affiliates are located primarily in the Yamal-Nenets Autonomous Okrug, the world's largest natural gas producing region, accounting for approximately 80% of Russia's gas production and approximately 15% of global gas production. NOVATEK is a public joint-stock company established under the laws of the Russian Federation.

Please note: This information is raw content obtained directly from the source. It represents an accurate account of the source's assertions and does not necessarily reflect the position of MIL-OSI or its clients.

Translation. Region: Russian Federation –

Source: NOVATEK – Novatec – An important disclaimer is at the bottom of this article.

NOVATEK announced its financial results for the first half of 2025.

Moscow, July 30, 2025. PAO NOVATEK today published its consolidated interim condensed financial statements as of and for the six months ended June 30, 2025.

Our revenue and normalized EBITDA, including our share of joint ventures' EBITDA, for the six months ended June 30, 2025 were RUB 804.3 billion and RUB 471.8 billion, respectively, an increase of 6.9% and a decrease of 1.8%, respectively, compared to the same period in 2024. Normalized profit attributable to shareholders of PJSC NOVATEK, excluding the effect of foreign exchange differences, was RUB 237.1 billion for the first half of 2025, a decrease of 17.0% compared to the first half of 2024.

Net cash generated by the Group's operating activities amounted to RUB 195.7 billion for the first six months of 2025, an increase of 7.3% compared to the same period in 2024. Cash used to pay for capital expenditures amounted to RUB 76.4 billion for the first half of 2025.

Key performance indicators (in millions of Russian rubles, unless otherwise stated)

	1P 2025	1P 2024
Financial indicators
Revenue from sales	804 320	752 404
Operating expenses	(628 438)	(571 726)
Normalized EBITDA	471 806	480 652
Profit attributable to shareholders of PJSC NOVATEK	225,697	341,677
Profit attributable to shareholders of PJSC NOVATEK, normalized excluding the effect of exchange rate differences	237,057	285,580
Long-term assets	3,170,716	3,033,107
Long-term liabilities	359,999	459 192
Net debt	108 379	139,807
Production volume
Hydrocarbon production (million boe)	337	331
Average daily production (million boe per day)	1.86	1.82
Cash flow
Net cash provided by operating activities	195,689	182,434
Cash used to pay for capital investments	76,439	122,047

The disclosed consolidated interim condensed financial statements of PJSC NOVATEK and notes thereto are available on the website of PJSC NOVATEK (www.novatek.ru).

NOVATEK PJSC is one of the largest independent natural gas producers in Russia. In 2017, the Company entered the international LNG market with the successful launch of the Yamal LNG project. Founded in 1994, the Company is engaged in the exploration, production, processing, and marketing of gas and liquid hydrocarbons. The fields and license areas of NOVATEK's subsidiaries and affiliates are located primarily in the Yamal-Nenets Autonomous Okrug, the world's largest natural gas producing region, accounting for approximately 80% of Russia's gas production and approximately 15% of global gas production. NOVATEK is a public joint-stock company established under the laws of the Russian Federation.

Please note: This information is raw content obtained directly from the source. It represents an accurate account of the source's assertions and does not necessarily reflect the position of MIL-OSI or its clients.

Translation. Region: Russian Federation –

Source: NOVATEK – Novatec – An important disclaimer is at the bottom of this article.

The Board of Directors of PJSC NOVATEK recommended dividends for the first half of 2025.

Moscow, August 22, 2025. The Board of Directors of PJSC NOVATEK (hereinafter referred to as "NOVATEK" and/or the "Company") discussed the Company's operating results for the first half of 2025 and decided to hold an extraordinary absentee vote of the General Meeting of Shareholders of PJSC NOVATEK (hereinafter referred to as the "Meeting") with the closing date for accepting voting ballots being September 24, 2025. The Board of Directors approved the following agenda for the Meeting:

On the payment of dividends based on the results of the first half of 2025.

The Board of Directors recommended that the Extraordinary General Meeting of Shareholders adopt a decision to pay dividends on ordinary shares of PJSC NOVATEK based on the results of the first half of 2025 in the amount of 35.50 rubles per share.

The list of persons entitled to vote in decisions taken by the general meeting of shareholders will be compiled on September 1, 2025. The Board of Directors proposed setting the date on which persons entitled to receive dividends are determined as October 6, 2025.

NOVATEK PJSC is one of the largest independent natural gas producers in Russia. In 2017, the Company entered the international LNG market with the successful launch of the Yamal LNG project. Founded in 1994, the Company is engaged in the exploration, production, processing, and marketing of gas and liquid hydrocarbons. The fields and license areas of NOVATEK's subsidiaries and affiliates are located primarily in the Yamal-Nenets Autonomous Okrug, the world's largest natural gas producing region, accounting for approximately 80% of Russia's gas production and approximately 15% of global gas production. NOVATEK is a public joint-stock company established under the laws of the Russian Federation.

Please note: This information is raw content obtained directly from the source. It represents an accurate account of the source's assertions and does not necessarily reflect the position of MIL-OSI or its clients.

Translation. Region: Russian Federation –

Source: NOVATEK – Novatec – An important disclaimer is at the bottom of this article.

The extraordinary general meeting of shareholders of PJSC NOVATEK approved interim dividends

Moscow, September 26, 2025. At the Extraordinary General Meeting of Shareholders of PJSC NOVATEK held on September 24, 2025, a decision was made to pay dividends based on the results of the first half of 2025.

The approved dividend amount is 35.50 rubles per ordinary share. The dividend election date is October 6, 2025.

NOVATEK PJSC is one of the largest independent natural gas producers in Russia. In 2017, the Company entered the international LNG market with the successful launch of the Yamal LNG project. Founded in 1994, the Company is engaged in the exploration, production, processing, and marketing of gas and liquid hydrocarbons. The fields and license areas of NOVATEK's subsidiaries and affiliates are located primarily in the Yamal-Nenets Autonomous Okrug, the world's largest natural gas producing region, accounting for approximately 80% of Russia's gas production and approximately 15% of global gas production. NOVATEK is a public joint-stock company established under the laws of the Russian Federation.

Please note: This information is raw content obtained directly from the source. It represents an accurate account of the source's assertions and does not necessarily reflect the position of MIL-OSI or its clients.

Translation. Region: Russian Federation –

Source: NOVATEK – Novatec – An important disclaimer is at the bottom of this article.

NOVATEK announced preliminary production figures for the third quarter and nine months of 2025.

Moscow, October 14, 2025. PAO NOVATEK (hereinafter referred to as “NOVATEK” and/or the “Company”) presented preliminary production indicators for the third quarter and nine months of 2025.

In the third quarter, hydrocarbon production amounted to 161.4 million barrels of oil equivalent (boe), including 20.13 billion cubic meters of natural gas and 3.52 million tonnes of liquid hydrocarbons (gas condensate and oil). Compared to the third quarter of 2024, hydrocarbon production decreased by 2.0 million boe, or 1.2%.

In the first nine months of 2025, hydrocarbon production totaled 498.1 million boe, including 62.66 billion cubic meters of natural gas and 10.44 million tons of liquid hydrocarbons. Compared to the same period in 2024, hydrocarbon production increased by 4.0 million boe, or 0.8%.

According to preliminary data, the total volume of natural gas sales, including LNG, in the third quarter and for the first nine months of 2025 amounted to 16.3 and 55.8 billion cubic meters, respectively, which is 3.1% and 0.6% lower compared to the corresponding periods of 2024.

The volume of deethanized gas condensate processed in the third quarter and for the first nine months of 2025 amounted to 3.3 and 10.0 million tonnes, respectively, demonstrating an increase of 4.7% and 2.5% compared to the same indicators for the third quarter and for the first nine months of 2024. In the third quarter and for the first nine months of 2025, 1.6 and 5.8 million tonnes of stable gas condensate were processed, respectively, the volume of processing decreased by 18.1% and increased by 13.5% compared to the same periods of 2024.

According to preliminary data, the total volume of liquid hydrocarbon sales in the third quarter and for the first nine months of 2025 amounted to 4.5 and 13.7 million tons, respectively, which is 13.2% and 12.3% higher than the same figures for the third quarter and for the first nine months of 2024.

As of September 30, 2025, 2.1 billion cubic meters of gas, including LNG, as well as 1.2 million tons of stable gas condensate and its processed products were reflected as “finished goods balances” and “goods in transit” in inventories.

Hydrocarbon production, taking into account the share in the production of joint ventures

Q3 2025	Q3 2024	Change		9 months 2025	9 months 2024	Change
20.13	20.57	-2.2%	Natural gas, billion cubic meters	62.66	62.30	0.6%
3.52	3.41	3.0%	Liquid hydrocarbons, million tons	10.44	10.24	1.9%
161.4	163.4	-1.2%	Total hydrocarbons, million boe	498.1	494.1	0.8%
1.75	1.78	-1.2%	Total hydrocarbons, million boe per day	1.82	1.80	1.2%

***

The information provided in this press release characterizes the expected operating results of PAO NOVATEK for the third quarter and nine months of 2025. This information is a preliminary estimate, which may be adjusted after the preparation of statistical, financial, tax, and accounting reports. Therefore, actual results and indicators may differ materially from the stated or projected results for the third quarter and nine months of 2025. PAO NOVATEK undertakes no obligation (and expressly declares that it has no such obligation) to update or change any statements regarding future results, whether as a result of new information, the occurrence of any future events, or for any other reasons.

PAO NOVATEK is one of the largest independent natural gas producers in Russia. In 2017, the Company entered the international LNG market with the successful launch of the Yamal LNG project. Founded in 1994, the Company is engaged in the exploration, production, processing, and marketing of gas and liquid hydrocarbons. The fields and license areas of NOVATEK's subsidiaries and affiliates are located primarily in the Yamal-Nenets Autonomous Okrug, the world's largest natural gas producing region, accounting for approximately 80% of Russia's gas production and approximately 15% of global gas production. NOVATEK is a public joint-stock company established under the laws of the Russian Federation.

Please note: This information is raw content obtained directly from the source. It represents an accurate account of the source's assertions and does not necessarily reflect the position of MIL-OSI or its clients.