Mosenergo Group IFRS Profit for 1Q 2022 Increased by 38.6%
| Consolidated Statement of Comprehensive Income, Key Figures, (mn RUR) | 3M 2021 | 3M 2022 | Change |
| Revenue | 78,032 | 75,173 | —3.7% |
| Operating Costs | (65,637) | (61,979) | —5.6% |
| EBITDA(1) | 17,632 | 21,255 | +20.5% |
| EBITDA, adj.(2) | 18,603 | 18,317 | —1.5% |
| Depreciation and Amortization | (6,134) | (5,973) | —2.6% |
| Operating Profit | 11,498 | 15,282 | +32.9% |
| Profit for the Period | 9,440 | 13,080 | +38.6% |
| Profit for the Period, adj.(2) | 10,411 | 10,142 | —2.6% |
(1) Calculated as “Operating Profit + Depreciation and Amortization + impairment loss / reversal for non-financial assets”.
(2) Adjusted to provision for impairment of assets and other reserves.
PJSC “Mosenergo” and subsidiaries (Mosenergo Group) revenue for 3M 2022 decreased by 3.7% year-on-year, down to RUR 75,173 mn. The reason for the decrease was lower heat output in the reporting period, on the back of warmer weather year-on-year.
Operating costs for 3M 2022 lowered by 5.6% down to RUR 61,979 mn.
EBITDA increased to RUR 21,255 mn (+20.5% year-on-year), mainly on the account of assets impairment reserves. EBITDA, adjusted to reserves, amounted to RUR 18,317 mn, down by 1.5%.
Mosenergo Group IFRS profit for 3M 2022 increased by 38.6%, up to RUR 13,080 mn. Adjusted profit amounted to RUR 10,142 mn, down by 2.6%.