Russia

Nornickel shares up 6.6% on Moscow Exchange

TASS English · 2026-07-31

AI SUMMARY

• What happened: Nornickel shares increased by 6.6% on the Moscow Exchange after the company released its financial results for the first half of the year, showing a significant rise in net profit and EBITDA. • Why it matters: The strong financial performance, with a net profit growth of 2.4-fold to $2.001 billion, may lead the company to reconsider paying interim dividends, which is significant for shareholders. • What to watch next: Investors will be monitoring Nornickel's potential decision on interim dividends and any further developments in the company's financial strategy following these results.

Nornickel shares up 6.6% on Moscow Exchange Shares turned upward following the release of the company’s financial results under International Financial Reporting Standards for the first half of the yearMOSCOW, July 31. /TASS/. Nornickel shares rose by 6.6% during the main trading session on the Moscow Exchange, according to trading data. Shares turned upward following the release of the company’s financial results under International Financial Reporting Standards (IFRS) for the first half of the year. As of 5:00 p.m. Moscow time (2:00 p.m. GMT), Nornickel shares were down by 1.96% at 112.2 rubles per share. By 5:34 p.m. Moscow time (2:34 p.m. GMT), the shares had moved to positive territory, reaching 122 rubles per share (+6.61%). The company’s net profit under International Financial Reporting Standards (IFRS) grew 2.4-fold to $2.001 bln in the first half of 2026 compared to $842 mln in the previous year, while EBITDA increased by 50% to $3.9 bln. Free cash flow declined by 20% to $1.2 bln. Adjusted free cash flow amounted to $0.2 bln. First Vice President, Chief Financial Officer Sergey Malyshev told reporters that Nornickel’s strong results for January-June of this year provide grounds to revisit the question of paying interim dividends. 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Source: TASS English
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