PhosAgro publishes operating and financial results for the first nine months of 2025. November 20, 2025

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Moscow. November 20, 2025. PhosAgro Group (hereinafter "PhosAgro" or the "Company"; ticker on the Moscow and London Stock Exchanges: PHOR), a Russian vertically integrated company that includes one of the world's largest producers of phosphate-based mineral fertilizers, today publishes its consolidated interim condensed financial statements for the nine months ended September 30, 2025.

Key performance indicators for the first 9 months of 2025

Agrochemical production increased by 4.3% year-on-year to 9.15 million tonnes. This increase was primarily driven by a 5.5% increase in phosphate fertilizer and feed phosphate production to 7.02 million tonnes. Total agrochemical sales increased by 2.9% year-on-year to 9.35 million tonnes. Revenue for the first nine months of 2025 amounted to RUB 441.7 billion, up 19.1% year-on-year. The company's EBITDA was RUB 145.7 billion, up 17.9% year-on-year. Adjusted EBITDA increased by 34.2% year-on-year to RUB 164.3 billion. Free cash flow increased more than 50% to RUB 59.0 billion. Net debt as of September 30, 2025, amounted to 254.5 billion rubles. The net debt to EBITDA ratio (for 12 months) at the end of the reporting period decreased to 1.28x.

Key financial and operational indicators:

Revenue 441,736 371,035 19.1% EBITDA * 145,663 123,523 17.9% EBITDA margin 33.0% 33.3% EBITDA adj.** 164,289 122,412 34.2% Net profit 95,692 64,817 47.6% Net profit, adj.*** 89,270 72,986 22.3% Free cash flow 59,018 35,991 64.0% 09/30/2025 12/31/2024 Net debt 254,522 325,356 Net debt/EBITDA for 12 months 1.28 1.84

* EBITDA is calculated as operating profit minus depreciation.

** Adjusted EBITDA is defined as EBITDA excluding exchange rate differences from operating activities.

*** Adjusted net profit is defined as net profit excluding gains or losses from exchange rate differences.

Comments on the financial indicators for the first 9 months of 2025

The company's revenue for the first nine months of 2025 increased by 19.1% year-on-year. This growth was primarily due to increased production and sales of phosphorus and nitrogen fertilizers in the Russian and international markets.

The company's EBITDA for the first nine months of 2020 amounted to 145.7 billion rubles, 17.9% higher than the same period in 2024. This year-over-year increase was positively impacted by growth in sales volumes and prices. However, the figure was under pressure from the non-cash effect of exchange rate differences arising from the strengthening of the ruble against the US dollar.

Adjusted for this effect, EBITDA for the first nine months of 2025 amounted to RUB 164.3 billion, 34.2% higher than the figure for the same period last year.

EBITDA yield for the first nine months of 2025 was 33.0%. This level of profitability was achieved by the high efficiency of the company's production assets, increased production of high-margin fertilizers, a flexible sales policy, and a high level of self-sufficiency in raw materials.

Free cash flow (FCF) for the first nine months of 2025 amounted to RUB 59.0 billion, an increase of more than 50% compared to the same period last year. This figure was driven by increased operating profit (due to increased sales volumes at higher prices on global markets), higher sales margins, and a cash inflow from working capital totaling over RUB 4 billion.

The company's working capital dynamics during the reporting period were impacted by an outflow of funds for accounts receivable and accounts payable in the third quarter. This outflow was due to changes in exchange rates, shipments of products to the domestic market based on previously received advances, and continued high sales volumes to Latin American markets.

The company's high profitability and prudent approach to investment (the internal capital expenditure target is no more than 50% of EBITDA) enable it to effectively manage its debt burden. As of the end of the first nine months of 2025, the company's net debt amounted to RUB 254.5 billion, and the net debt/EBITDA ratio at the end of the period was 1.28x.

This level of the indicator is comfortable for the company and allows it not only to service its current debt, but also to actively manage the structure of its borrowing portfolio in terms of currencies, terms, and interest rates.

Among the most recent transactions in the public debt market, one can note the issue of bonds in the amount of US$250 million with a 3-year term and a 7% coupon, the order book for which was successfully closed at the end of September, and the placement itself was completed in early October.

This transaction is consistent with the Group's debt policy of raising foreign currency financing and provides borrowings secured by the company's foreign currency revenues. The funds raised will be used to refinance existing debt, and the significantly lower coupon rate, compared to the cost of ruble borrowings, will reduce interest payments across the Group's entire debt portfolio.

The company's high credit quality is confirmed by credit ratings from leading Russian agencies at the country ceiling level of "AAA".

Phosphorus-containing fertilizers and feed phosphates 7,019.5 6,655.0 5.5% Nitrogen fertilizers 1,938.4 1,902.6 1.9% Other products 196.8 221.5 -11.2% TOTAL agrochemical products 9,154.7 8,779.1 4.3% Phosphorus-containing fertilizers and feed phosphates 7,166.8 6,985.7 2.6% Nitrogen fertilizers 1,986.1 1,878.1 5.8% Other products 198.1 220.5 -10.2% TOTAL agrochemical products 9,351.0 9,084.3 2.9%

Comments on operating indicators for the first 9 months of 2025

The production of agrochemical products for the first 9 months of 2025 increased by 4.3% and amounted to 9.15 million tons.

The main increase in production was in phosphate fertilizers (DAP, up 47.2%; NPK, up 11.9%; and MSR, up 24.7%). These growth figures are due to the completion of commissioning and the ramp-up of output in Balakovo. The production capacity of this production complex, after completing all three modernization phases and reaching full capacity, is expected to increase by almost 1 million tons of output per year (compared to 2024 levels).

The increase in production volumes of the main raw materials – phosphoric and sulfuric acids – provided the company’s production capacity with the necessary raw materials.

Nitrogen fertilizer production volumes increased by 1.9% due to the optimization of production processes at existing facilities.

The company's fertilizer sales for the first nine months of 2025 increased by 2.9%, driven by improved production performance, the Group's highly efficient distribution network in Russia, and the strong position of the company's products in global markets.

Phosphate fertilizers accounted for the bulk of sales growth. DAP sales for the first nine months of 2025 increased by 35.7% year-on-year. This fertilizer was in high demand in Southeast Asian markets, as export restrictions in China reduced supply in the region. The supply shortage and low carryover inventory levels led to higher prices in India and ensured higher sales margins compared to other markets.

Taking advantage of the favorable market conditions, the company was able to redirect additional volumes of fertilizers to the Indian market and increased sales in this area by almost 2.5 times over the first nine months compared to the previous year.

Moreover, sales volumes to India in the third quarter of 2025 increased more than 12-fold compared to the same period last year.

The 6.2% increase in NPK sales in the first 9 months of 2025 was due to both good demand in the Russian market and the growth of production capacity in Balakovo.

Among the export markets with the highest growth rates of shipments over the first 9 months of 2025, the African market stands out, with sales to it growing by 16.1%.

Fertilizer market in Q3 2025

During the third quarter of 2025, the upward price trend in nitrogen and phosphate fertilizer markets continued, driven by growing seasonal demand in key export destinations, particularly in South Asia (India) and Central and South America. The need to replenish low carryover stocks in the Indian market and the reduction of phosphate fertilizer export quotas from China (relative to 2024 quota levels) further supported prices in the phosphate and nitrogen fertilizer markets.

By the middle of the third quarter, global fertilizer prices reached peak levels and began to gradually adjust as the main phase of seasonal procurement ended and the affordability of fertilizers decreased relative to prices of key agricultural products.

The average price level for DAP/MAP in Q3 2025 was $736/t, FOB, Baltic, compared to the average price level of $662/t, FOB, Baltic in Q2 2025 and $570/t, FOB, Baltic in Q3 2024.

The average price level for urea in Q3 2025 was $426/t, FOB, Baltic, compared to the average price of $360/t, FOB, Baltic in Q2 2025 and $307/t, FOB, Baltic in Q3 2024.

Outlook for Q4 2025

The global fertilizer market in Q4 was characterized by stable demand from India, especially in the urea market, but a decrease in demand from Latin American markets due to the end of the fertilizer purchasing season.

The resumption of restrictions on fertilizer exports from China, combined with rising global prices for key raw materials (ammonia, sulfur), will curb the downward price trend in fertilizer markets.

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.

PhosAgro presented its projects to support science and higher education at the 5th Congress of Young Scientists on November 28, 2025.

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Sirius. On November 28, 2025, PhosAgro presented its projects to support science and higher education at the 5th Congress of Young Scientists. At the forum's plenary session, Denis Novikov, CEO of Apatit JSC (part of the PhosAgro Group), and Olga Ivaschenkova, Lead Engineer of the Geological Institute of the Kola Science Center of the Russian Academy of Sciences, reported on the company's work in this area to Deputy Prime Minister Dmitry Chernyshenko.

This year, the key annual event of the Decade of Science and Technology was held under the theme "The Energy of Science: From the Potential of Knowledge to Creating the Future." More than 9,000 participants gathered at the Sirius Federal Park. These included leaders of leading scientific schools, representatives of educational organizations, government agencies, and major industrial partners.

As moderator of the plenary session, Deputy Prime Minister Dmitry Chernyshenko emphasized that, according to the Ministry of Economic Development, Russia's nominal GDP will reach 315 trillion rubles by 2030. Research spending should increase by 2% of GDP, or more than 6 trillion rubles. The government is counting on the support of business and the industrial sector in this important endeavor.

"Young scientists are our main driver. We're betting on them. Friends, you're not only bursting with new ideas, but you're also inspiring everyone—including your mentors, whom you surprise and delight with your results. Many young researchers are already leading their own teams—for example, running youth laboratories," noted Deputy Prime Minister of the Russian Federation Dmitry Chernyshenko.

PhosAgro, one of the congress's industrial partners, presented its own stand at the event, covering all areas of support for science and education, as well as cutting-edge youth outreach projects. The Group includes NIUIF, Russia's only and one of the world's leading specialized research institutes for fertilizers and agrochemistry. PhosAgro collaborates with the Russian Academy of Sciences and Innopraktika to develop innovative solutions. PhosAgro also devotes significant attention to research in agrobiotechnology at the Sirius University of Science and Technology, where the company supported the opening of the Life Sciences laboratory complex, one of the largest in Russia. PhosAgro also supports young researchers through projects with leading international organizations and specialized Russian universities, and is establishing a higher school for training mining engineers at a branch of Murmansk Arctic University in Apatity.

"PhosAgro is a leading supplier of mineral fertilizers to Russian farmers and customers in 100 countries. And we know from experience that science is essential in a highly competitive environment. While science may go unnoticed in production, its absence has immediate consequences. Over the past 10 years, we've doubled our fertilizer output. This is the result of extensive investment in development and R&D – over 70 billion rubles annually. This comprehensive work is bearing fruit. Ten years ago, we had 25 fertilizer brands; today, we have 58. As part of our development strategy through 2030, we plan to expand our product range to 100 brands. Furthermore, we have patents for the production of a full line of bio-based NPK fertilizers. These contain beneficial microorganisms that help plants better absorb nutrients. These are truly breakthrough technologies, and completely domestically produced," said Denis Novikov, CEO of Apatit JSC.

One of the panel session's experts was Olga Ivaschenkova, a researcher at the Kola Science Center of the Russian Academy of Sciences—the largest federal research center north of the Arctic Circle. It is home to the highest levels of expertise in earth sciences, including geology, mining, raw material extraction and processing technologies, and chemical processing. Throughout its history, the KSC's most important technological partner has been the Apatit Plant and the PhosAgro Group as a whole. With PhosAgro's support, the KSC established a Research Center for the detailed study of mineral composition and further improvement of apatite-nepheline ore processing efficiency. Olga Ivaschenkova works there in the Apatite-Nepheline Deposit Ore Mineralogy Group.

"I perform in-depth petrographic and mineralogical analysis of process samples. My task is to identify 'hidden' rock properties that affect ore beneficiability. We work to extract as much useful material as possible from the ore, while maintaining the high quality of the final product (apatite concentrate)—even if the ore composition changes. Over three years, we've analyzed 3,500 samples. Based on the results, we create a 3D model of geological and technical mapping of the deposits being developed, which the company uses to plan ore extraction with a more accurate assessment of the parameters. This isn't just abstract research. Our work directly impacts the extraction and processing of exceptionally pure apatite-nepheline ore mined by PhosAgro. It's used to produce environmentally friendly phosphorus-containing fertilizers. Today, it's especially important that the results of scientific research aren't confined to laboratories, but find real-world applications. "The relationship between the Kola Science Center and PhosAgro, and the company's support in this regard, is unique. I am proud that our scientific work makes a real contribution to ensuring food security and the economic and technological sovereignty of our country," emphasized Olga Ivaschenkova, Lead Engineer at the Kola Science Center of the Russian Academy of Sciences' Geological Institute.

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.

The first stage of the PhosAgro Russian Cross-Country Skiing Cup took place on the slopes of the Tirvas ski complex in Kirovsk on December 1, 2025.

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Kirovsk (Murmansk Region). On December 1, 2025, the Tirvas Ski Complex in Kirovsk hosted the first stage of the PhosAgro Russian Cup cross-country skiing competition for the first time in its history. This year, the Tirvas Ski Complex celebrates its 10th anniversary. A press breakfast was held to commemorate this anniversary, as well as the stadium's debut in the first stage of the PhosAgro Russian Cup. The leadership of the Russian Cross-Country Skiing Federation, the Gornyak Sports and Recreation Complex, which manages the Tirvas infrastructure, members and coaches of the national cross-country skiing team, sports veterans, and journalists from the Murmansk Region media summarized the stadium's development over the past two five-year periods.

As Anton Trushenko, Director of the Gornyak Sports and Recreation Center, told the meeting participants, the ski resort's infrastructure and capabilities have expanded significantly during this time. The total length of Tirvasa's trails has increased from five to 13.5 kilometers, 5.8 of which are artificially lit. The resort's capacity has increased tenfold, from 200 to 2,000 people. A press center and commentary booth have been added to the administrative building, while the grandstands have been expanded from 150 to 500 seats, along with ample parking. Two snow cannons, three snowcats, and seven snowmobiles maintain the quality of the trails. Competition results are recorded by an electronic timing system, and a modern digital scoreboard displays them to spectators. All this allows Tirvasa to host competitions of the highest level.

"The Russian Cross-Country Skiing Federation is very fortunate in this case, because we not only found a reliable partner and sponsor in PhosAgro, but also good friends who understand and are willing to accommodate us. I am confident that this anniversary is a small beginning of a very great future not only for this stadium and these ski slopes, but also for the city of Kirovsk as a whole, which is developing very dynamically. This city and Tirvas are becoming famous on the world skiing map. I would like to sincerely thank PhosAgro and everyone involved, who also enjoy our visits," said Elena Vyalbe, President of the Russian Cross-Country Skiing Federation, congratulating Tirvas on its 10th anniversary.

In his video congratulations, Oleg Matytsin, Chairman of the State Duma Committee on Physical Culture and Sports, also noted Tirvas's achievements.

"Over this decade, we've seen an impressive development path. Our oldest training facility has become a modern, international-level center that meets the highest standards. Tirvas can be proud of its achievements: it has hosted the final stage of the Russian Cup three times, and the unique Bolshoy Vudyavr race has become a world-class challenge, surpassing the difficulty of famous European trails," noted the head of the relevant committee of the lower house of the Russian parliament.

For the first time in the new sports season, the Russian Cross-Country Skiing Federation (FLGR) entrusted the Tirvas Ski Complex with hosting the first stage of the PhosAgro Russian Cross-Country Skiing Cup. However, the stadium has every potential to become a full-fledged training base for the national team.

"We're moving in that direction. The conditions here are excellent for the spring. We need to take advantage of these opportunities. We're already exploring various options for holding not just training camps, but also competitive tournaments, even within the framework of a championship, and various race formats, even if they're unconventional. We see that absolutely everything is here," emphasized Yuri Borodavko, head coach of the Russian national cross-country skiing team.

Since 2015, PhosAgro has been participating in the construction and development of the Tirvas ski complex. Its flagship mining and processing plant, the Kirov branch of Apatit JSC, operates in the Khibiny Mountains.

"The Apatit Mining and Processing Plant and PhosAgro are demonstrating strong production results and are growing dynamically. At the same time, we always take a responsible approach to social investments. We invest where we see the greatest return—supporting education and sports, including children's, amateur, and elite sports," emphasized Valery Fyodorov, Deputy CEO of PhosAgro and Vice President of the Russian Ski Federation.

A total of 394 top skiers competed in the first stage of the PhosAgro Russian Cross-Country Skiing Cup. Not only Russian athletes took to the tracks, but also representatives from the People's Republic of China and the Republic of Belarus. The "red group" of the strongest skiers this season included true stars of the sport: Alexander Bolshunov, Alexander Terentyev, Yulia Stupak, Tatyana Sorina, Saveliy Korostelev, Alina Pekletsova, Darya Nepryaeva, and many others.

Honorary guests of the first stage of the PhosAgro Russian Cross-Country Skiing Cup included Elena Vyalbe, President of the Russian Cross-Country Skiing Federation, three-time Olympic champion, and 14-time world champion; Nikolai Zimyatov, four-time Olympic champion, Olympic silver medalist, and three-time world champion; Mikhail Devyatyarov, Olympic champion, silver medalist, and world championship medalist; Alexander Zavyalov, three-time Olympic medalist, World Cup winner, and world champion; Tamara Tikhonova, two-time Olympic champion and two-time world champion; and Alexei Petukhov, Olympic bronze medalist and world champion.

The three competition days of the first stage of the National Cup included classic and freestyle races of 10 km for women and 15 km for men, as well as freestyle sprint competitions.

Based on the results of the first stage, the overall standings for the 2025-2026 PhosAgro Russian Cross-Country Skiing Cup are led by Sergey Ardashev, representing Tatarstan, in the men's category, and Evgenia Krupitskaya, representing St. Petersburg, in the women's category. Tatarstan leads the team standings.

PhosAgro, the official sponsor of the national cross-country skiing team, traditionally provides organizational and financial support for the PhosAgro Russian Cup.

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.

PhosAgro presented the ProAgro Lecture Hall digital educational platform at the BRICS International Scientific and Educational Conference on December 1, 2025.

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Moscow. December 1, 2025. PhosAgro presented a digital educational platform. ProAgro Lecture Hall At the International Scientific and Educational Conference "Education for Food Security in BRICS Countries." The conference, held for the first time, served as a platform for discussing key issues of international cooperation between BRICS countries in the areas of training personnel for the agro-industrial complex, developing the scientific and technical potential of young people, and promoting agricultural knowledge.

The Conference's partners included the Russian Ministry of Foreign Affairs, the Russian Ministry of Agriculture, the Liaison Office of the Food and Agriculture Organization of the United Nations (FAO) with the Russian Federation, the Institute for African Studies of the Russian Academy of Sciences, the Timiryazev Moscow Agricultural Academy, the Skryabin Moscow State Academy of Veterinary Medicine and Biotechnology, the D.I. Mendeleyev University of Chemical Technology of Russia, and the Patrice Lumumba Peoples' Friendship University of Russia. PhosAgro provided organizational support.

The conference was attended by international and Russian students, postgraduate students, young scientists, business representatives, and the ambassadors extraordinary and plenipotentiary of India, Brazil, Kenya, and Ethiopia. Belan Khamchiev, Deputy Chairman of the Federation Council Committee on Agrarian and Food Policy and Environmental Management, and Pyotr Chekmarev, Deputy President of the Russian Academy of Sciences, also addressed the participants with welcoming remarks.

Opening the official part of the conference, PhosAgro Deputy CEO for Sales and Marketing Mikhail Sterkin noted that PhosAgro, as a guarantor of food security in Russia and globally, is making a significant contribution to the creation of a sustainable agricultural sector. The company not only increases fertilizer supplies to BRICS countries but also implements a number of humanitarian and educational projects. For example, PhosAgro, together with UNESCO and the International Union of Pure and Applied Chemistry (IUPAC), is implementing the "Green Chemistry for Life" program, annually awarding grants to young scientists for research in sustainable agriculture and environmental protection. Over eight rounds of the program, 55 young scientists from 33 countries have been selected as grant recipients.

PhosAgro, in collaboration with the Food and Agriculture Organization of the United Nations, implements soil conservation projects. For example, through the "Soil Doctors" program, more than 15,000 farmers from 27 countries have gained valuable knowledge on effective soil management methods.

PhosAgro's flagship project, the ProAgro Lecture Hall, has become an important area of international cooperation in training personnel for the mineral fertilizer and agricultural industries.

"By investing in innovative products for the agricultural sector, we understand that the industry needs advanced specialists who can implement new solutions in everyday practice. Therefore, together with the Russian Ministry of Agriculture, we launched the Russian digital educational platform "ProAgro Lecture," providing free access to methodologically verified information for students and farmers from around the world. Currently, the program covers 47 agricultural universities. Students have access to an impressive portfolio of 420 digitized video lectures on agronomy and agrochemistry, crop production and livestock farming, innovation and digitalization in agriculture, economics, and responsible farming, developed by 170 speakers across 22 areas. I would also like to point out that the platform also offers continuing professional education courses in 16 areas. The educational project's total audience exceeded 70,000 people. Over the past year, ProAgro Lecture Hall has become a true international educational hub in modern agricultural technologies and won the BRICS Solutions Awards. Lecturers in the educational program include representatives from China, India, Brazil, and other countries. "Together, we can make a significant contribution to ensuring food security for the planet and developing environmentally responsible agricultural practices," noted Mikhail Sterkin.

In his speech, Deputy Minister of Foreign Affairs of the Russian Federation Sergey Ryabkov noted PhosAgro's significant contribution to strengthening food security and stability in the BRICS region, not only as a leading fertilizer supplier but also as a key partner in numerous agricultural development programs, education, culture, and sports. He also praised PhosAgro's work as the curator of the BRICS Business Council's working group on agribusiness.

"It's clear that education is the foundation upon which the future is built. Promoting technical and vocational education and training has become a priority area of BRICS cooperation. In this regard, I express my full support for the ProAgro Lectures educational platform, which helps improve skills and prepare personnel for the agro-industrial complex—a key area and crucial work."

"Scientific and educational partnerships with leading international organizations are important and in demand, including the implementation of joint programs with UNESCO, FAO, and other authoritative UN agencies. Of particular importance is the creation of an international network of soil laboratories and the introduction of resources related to land management technologies. Such planned collaboration, combining educational projects, scientific research, and the practical implementation of advanced agricultural technologies, not only helps develop sustainable agriculture but also lays a solid foundation for long-term cooperation and its further strengthening in the interests of all BRICS countries," emphasized Sergey Ryabkov.

"Cooperation with PhosAgro is of strategic importance for our Academy. PhosAgro served as Timiryazev Academy's key industrial partner in 2019. We are pleased to note that the development of a large-scale network of educational centers spanning various regions of the country began at our facility. The modern, multifunctional educational and exhibition complex, the Timiryazev Center, where today's Conference is being held, is another clear result of our fruitful collaboration. We highly appreciate the forward-looking nature of business, which is focused on investing significant resources in the development of science, laying the groundwork for the future, and supporting the younger generation of specialists," noted Vladimir Trukhachev, Rector of the Timiryazev Russian State Agrarian University – Moscow Agricultural Academy.

"Today, we see businesses setting new trajectories for educational initiatives. A great example is the ProAgro Lecture platform, which offers educational programs in a new digital format and blurs the boundaries between countries. Anyone can enroll. It also offers an important career path that allows for employment in the agricultural sector, which enriches our industry with qualified personnel. Furthermore, we have another important project with PhosAgro: agrotechnology classes, which provide in-depth training for schoolchildren in specialized subjects and prepare them for admission to agricultural colleges and universities. We are currently working with PhosAgro to establish agrotechnology classes in African countries," said Alexander Nekrasov, Deputy Director of the Department of Scientific and Technological Policy and Education at the Russian Ministry of Agriculture.

Irina Abramova, Director of the Institute for African Studies at the Russian Academy of Sciences, noted that the African continent is the only region in the world where the number of hungry people increases annually. The population there is constantly growing and now stands at 1.5 billion people, consuming a billion tons of food annually. However, the level of agricultural development on the continent is much lower.

"It's important for Africa to address not just food security but also food sovereignty. Sovereignty, more broadly, is the ability to feed oneself. And this is impossible without modern technology and, most importantly, without trained personnel. That's why the platform offered by PhosAgro has generated extraordinary interest among Africans. We understand that, in the face of soil degradation, desertification, and climate change, it's impossible to develop agriculture without modern technology. And technology must be supported by personnel. Only training is the key to food sovereignty, which will ensure Africa a dignified future," emphasized Irina Abramova.

The official part of the Conference concluded with an awards ceremony for students from partner universities who received awards for developing the ProAgro Lectures platform. These young researchers drew on current scientific knowledge accumulated on PhosAgro's digital educational platform in their work, and also prepared and recorded educational content for it.

"I'm a zootechnician, and the PhosAgro laboratory at my wonderful alma mater was a significant help. It was there that I learned about ProAgro Lectures and began actively using the platform. It helps organize and, in some ways, complement the knowledge we gain at the academy. I'm still taking PhosAgro's online courses and would like to highlight not only the quality of the material but also the user-friendly interface and content structure—this makes life much easier for students. Once again, I thank both PhosAgro and my academy for striving to give us young people the best possible start in their careers!" commented Anna Ungefug, a first-year master's student in the Faculty of Animal Science and Agribusiness at the K.I. Skryabin MBA.

"ProAgro Lecture Hall is a unique platform that connects cutting-edge science and real-world agricultural production practices. This is a significant contribution to addressing global food security issues, because access to the most up-to-date knowledge will enable us to produce more high-quality agricultural products," noted Benjamin Yennouna Konyannik, a second-year Master's student in the Faculty of General Agronomy at the Patrice Lumumba Peoples' Friendship University of Russia.

PhosAgro also presented commemorative awards for their active participation in developing scientific and educational cooperation between Russia and the BRICS countries and training qualified personnel to the rectors of partner universities: Vladimir Trukhachev, Russian State Agrarian University – Moscow Agricultural Academy named after K.A. Timiryazev; Sergey Pozyabin, MBA named after K.I. Skryabin; Sergey Filatov, Russian Chemical Technology University named after D.I. Mendeleyev; Oleg Yastrebov, Patrice Lumumba Peoples' Friendship University of Russia; Nikolai Malkov, Vologda State Dairy Farming Academy named after N.V. Vereshchagin; Stanislav Aleinik, Belgorod State Agrarian University named after V.Ya. Gorin; and Maxim Zalyvsky, Russian-African Network University (RAFU).

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.

On December 8, 2025, Timur Weinstein will speak about the anniversary season of the charity event "Santa Claus's Journey with NTV."

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On December 8, a press conference dedicated to the tenth anniversary of the "Santa Claus Journey with NTV" charity event will be held in Moscow. NTV General Producer Timur Weinstein and hosts Sergey Mayorov, Sergey Malozemov, and Vladimir Kobyakov will discuss the event's itinerary, the event's heroes, the dreams that will come true, and the project's results. Oksana Kosachenko, General Director of the Ded Moroz Theme Park, and the All-Russian Ded Moroz from Veliky Ustyug will also participate in the press conference.

"Santa Claus's Journey with NTV" is an annual event: Santa Claus from Veliky Ustyug, together with the NTV team, makes the dreams of children in need of medical treatment come true, and also helps large and low-income families.

Gazprom-Media Holding places special emphasis on supporting the creation of socially significant content and charitable projects, implementing a large-scale corporate social responsibility program, "PRO_Creation."

Watch the live broadcast of the press conference on December 8 at 12:00 on our RUTUBE channel.

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.

Press Center : Press Releases and Events | NOVATEK Announces Preliminary Production Results for the Second Quarter and First Half of 2025

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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.

Press Center: Press Releases and Events | NOVATEK Announces Financial Results for the First Half of 2025

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.

Press Center: Press Releases and Events | The Board of Directors of PJSC NOVATEK recommended dividends for the first half of 2025.

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.

Press Center: Press Releases and Events | The Extraordinary General Meeting of Shareholders of PJSC NOVATEK approved interim dividends.

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.

Press Center : Press Releases and Events | NOVATEK Announces Preliminary Production Results for the Third Quarter and Nine Months of 2025

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.