O`KEY Group S.A. (MOEX, AIX: OKEY, the “Group”), one of Russia’s leading food retailers, has announced its financial results for the first half (H1) of 2025 based on consolidated interim financial statements.
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All results are according to IFRS 16 unless stated otherwise.
H1 2025 FINANCIAL HIGHLIGHTS
- Total Group revenue increased by 3.8% YoY to RUB 109.6 bn, driven mainly by DA! discounters’ retail revenue growth.
- Group gross profit rose by 7.3% YoY to RUB 25.9 bn, while gross margin grew by 0.8 pps to 23.7%, led by efficient procurement and logistics cost management.
- Group EBITDA grew by 0.3% YoY to RUB 9.6 bn, while EBITDA margin decreased by 0.3 pps YoY to 8.8%.
- O`KEY hypermarkets’ EBITDA declined by 10.9% YoY to RUB 5.8 bn, and EBITDA margin was down by 1.0 pp to 8.2%, primarily as a result of a one-off non-cash effect from the renegotiation of lease terms (in accordance with IFRS 16), as well as salary indexations and utility tariffs inflation in H1 2025.
- DA! discounters’ EBITDA surged by 23.3% YoY to RUB 3.9 bn, while EBITDA margin grew by 0.9 pps to 9.9% due to continued improvements to operational efficiency and a higher number of discounters achieving profitability targets amid a steady double-digit increase in the chain’s revenue.
- In H1 2025, the Group reported a RUB 223 mln net profit, compared to RUB 78 mln a year earlier.
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For further information please contact:
For investors:
Natalya Belyavskaya
Head of Investor Relations
+7 495 663 6677 ext. 266
natalya.belyavskaya@okmarket.ru
www.okeygroup.lu
For the media:
pr@okmarket.ru