(AGENPARL) – Wed 30 July 2025 FOR IMMEDIATE RELEASE
NOVATEK Announces Financial Results
for the First Half 2025
Moscow, 30 July 2025. PAO NOVATEK (“NOVATEK” and/or the “Company”) reported
today disclosable consolidated interim condensed financial statements as of and for the six
months ended 30 June 2025.
In the six months ended 30 June 2025, our total revenues and Normalized EBITDA, including
our share in the EBITDA of joint ventures, amounted to RR 804.3 billion and RR 471.8 billion,
respectively, representing an increase of 6.9% and a decrease of 1.8%, respectively, as
compared to the corresponding period in 2024. Normalized profit attributable to shareholders
of PAO NOVATEK, excluding the effect of foreign exchange gains (losses), amounted to
RR 237.1 billion in the first half 2025, which is 17.0% lower as compared to the first half 2024.
Net cash provided by operating activities of the Group amounted to RR 195.7 billion in the six
months 2025, representing an increase of 7.3% as compared to the corresponding period in
2024. Our cash used for capital expenditures amounted to RR 76.4 billion in the first half 2025.
Key performance indicators
(in millions of Russian roubles except as stated)
Financial results
Total revenues
Operating expenses
Normalized EBITDA
Profit attributable to shareholders of PAO NOVATEK
Normalized profit attributable to
shareholders of PAO NOVATEK,
excluding the effect of foreign exchange gains (losses)
Non-current assets
Non-current liabilities
Net debt
Production volumes
Hydrocarbons production (million barrels of oil equivalent)
Daily production (million barrels of oil equivalent per day)
Cash flow results
Net cash provided by operating activities
Cash used for capital expenditures
1H 2025
1H 2024
804,320
(628,438)
471,806
225,697
752,404
(571,726)
480,652
341,677
237,057
285,580
3,170,716
359,999
108,379
3,033,107
459,192
139,807
195,689
76,439
182,434
122,047
Disclosable consolidated interim condensed financial statements of PAO NOVATEK and the
notes thereto are available on the Company’s web site (www.novatek.ru/en/).
For further information, please visit http://www.novatek.ru or contact:
Press Service
Investor Relations
PAO NOVATEK is one of the largest independent natural gas producers in Russia, and in
2017, entered the global LNG market by successfully launching the Yamal LNG project.
Founded in 1994, the Company is engaged in the exploration, production, processing and
marketing of natural gas and liquid hydrocarbons. Upstream activities of the Company’s
subsidiaries and joint ventures are concentrated mainly in the prolific Yamal-Nenets
Autonomous Area, which is the world’s largest natural gas producing area and accounts for
approximately 80% of Russia’s natural gas production and approximately 15% of the world’s
gas production. NOVATEK is a public joint stock company established under the laws of the
Russian Federation.