
ГМК Норильский никель Income Statement 2025-2001 | GMKN
Brief overview of financial results at ГМК Норильский никель
The conclusions below are based on five years of reported results. The revenue attributed to ГМК Норильский никель moved from 15.5 billion rubles to 1.1 trillion rubles between the two endpoints. The cumulative result was +7278.6%, corresponding to roughly 136.4% per year. The annual growth rate indicates an exceptionally strong top-line trend.
The five-year EBITDA result moved by +6080.6%: from 7.7 billion rubles to 475 billion rubles. Operating performance weakened relative to revenue. EBITDA margin moved from 49.4% to 41.4%. Operating return per unit of revenue declined.
The five-year change in net income was +4747.9%: from 3.4 billion rubles to 164 billion rubles. The latest figure was the best within the selected horizon.
Market value was 50.5 billion rubles at the start and 2.3 trillion rubles at the end. The financial trend was stronger than the market valuation.
What the figures show
Positive developments coexist with areas of weakness. The strongest signals are improving net profitability and sales growth. The main areas of concern are a declining EBITDA margin. Future reports should be judged by revenue momentum, margins, and the conversion of sales into net income.
Annual Income Statement ГМК Норильский никель
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | 2005 | 2004 | 2003 | 2002 | 2001 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue |
1.15 T | 1.17 T | 14.4 B | 16.9 B | 17.9 B | 15.5 B | 13.6 B | 11.7 B | 9.15 B | 8.26 B | 8.54 B | 11.9 B | 11.5 B | 12.4 B | 14.1 B | 12.8 B | 10.2 B | 14 B | 17.1 B | 11.6 B | 7.17 B | 7.03 B | 5.2 B | 3.09 B | 4.38 B |
Cost Of Revenue |
- | - | 7.04 B | 5.72 B | 4.71 B | 4.75 B | 4.96 B | 4.92 B | 4.57 B | 4.16 B | 3.77 B | 5.67 B | 6.5 B | 6.14 B | 5.79 B | 4.88 B | 5.65 B | 7.63 B | 5.88 B | 3.16 B | 2.99 B | 3.18 B | 2.87 B | 1.75 B | 2.4 B |
Gross Profit |
- | - | 7.37 B | 11.2 B | 13.1 B | 10.8 B | 8.61 B | 6.76 B | 4.58 B | 4.1 B | 4.77 B | 6.2 B | 5 B | 6.22 B | 8.33 B | 7.89 B | 4.5 B | 6.35 B | 11.2 B | 8.39 B | 4.18 B | 3.85 B | 2.33 B | 1.34 B | 1.98 B |
Gross Profit Ratio |
- | - | 0.51 | 0.66 | 0.74 | 0.69 | 0.63 | 0.58 | 0.5 | 0.5 | 0.56 | 0.52 | 0.44 | 0.5 | 0.59 | 0.62 | 0.44 | 0.45 | 0.66 | 0.73 | 0.58 | 0.55 | 0.45 | 0.43 | 0.45 |
General and Administrative Expenses |
264 B | 234 B | 224 M | 1.26 B | 902 M | 792 M | 861 M | 764 M | 684 M | 504 M | 481 M | 704 M | 854 M | 935 M | 1.68 B | 1.4 B | 295 M | 1.6 B | 1.62 B | 1.09 B | 841 M | 866 M | 750 M | 561 M | 668 M |
Selling And Marketing Expenses |
- | - | 215 M | 250 M | 191 M | 167 M | 133 M | 92 M | 75 M | 50 M | 51 M | 110 M | 71 M | 63 M | - | - | - | - | - | - | - | - | - | - | - |
Selling General And Administrative Expenses |
- | - | 439 M | 1.5 B | 1.09 B | 959 M | 994 M | 879 M | 784 M | 127 M | 249 M | 557 M | 297 M | 321 M | 1.68 B | 1.4 B | 295 M | 1.6 B | 1.62 B | 1.09 B | 841 M | 866 M | 750 M | 561 M | 668 M |
Other Expenses |
- | - | 1.39 B | - | - | - | 1.07 B | 814 M | 990 M | 631 M | 732 M | 762 M | 1.37 B | 1.46 B | 243 M | - | 511 M | 230 M | 1.1 B | 278 M | 58 M | 153 M | 60 M | -27 M | 259 M |
Operating Expenses |
129 B | 135 B | 1.61 B | 3.57 B | 3.74 B | 5.73 B | 1.03 B | 1.05 B | 1.42 B | 758 M | 981 M | 1.32 B | 1.66 B | 1.78 B | 1.92 B | 1.4 B | 806 M | 1.82 B | 2.73 B | 1.37 B | 899 M | 1.02 B | 810 M | 534 M | 927 M |
Cost And Expenses |
- | - | 8.87 B | 9.28 B | 8.45 B | 10.5 B | 5.98 B | 7.43 B | 5.99 B | 4.69 B | 6.23 B | 9.17 B | 9.91 B | 8.99 B | 7.71 B | 6.28 B | 6.46 B | 9.45 B | 8.61 B | 4.53 B | 3.89 B | 4.2 B | 3.68 B | 2.28 B | 3.33 B |
Interest Expense |
141 B | 137 B | 519 M | 36.8 B | 299 M | 437 M | 436 M | 484 M | 519 M | 449 M | 325 M | 178 M | 375 M | 289 M | 151 M | 138 M | 147 M | 397 M | 307 M | 21 M | 95 M | 72 M | - | - | - |
Depreciation And Amortization |
117 B | 110 B | 1.16 B | 1.03 B | 928 M | 915 M | 911 M | 798 M | 799 M | 564 M | 513 M | 848 M | 1.57 B | 789 M | 762 M | 803 M | 817 M | 4.46 B | 937 M | 767 M | 9 M | -235 M | -162 M | 61 M | 683 M |
EBITDA |
475 B | 482 B | 5.22 B | 8.59 B | 10.5 B | 7.69 B | 7.98 B | 6.13 B | 4.01 B | 4.28 B | 3.08 B | 3.64 B | 4.14 B | 4.83 B | 6.55 B | 7.72 B | 4.3 B | 4.58 B | 9.78 B | 7.79 B | 3.18 B | 2.6 B | 1.35 B | 809 M | 1.06 B |
EBITDA Ratio |
0.41 | 0.41 | 0.36 | 0.51 | 0.59 | 0.49 | 0.59 | 0.53 | 0.44 | 0.47 | 0.52 | 0.48 | 0.36 | 0.39 | 0.42 | 0.45 | 0.43 | 0.33 | 0.52 | 0.67 | 0.46 | 0.37 | 0.26 | 0.28 | 0.4 |
Operating Income |
331 B | 332 B | 5.54 B | 7.56 B | 9.5 B | 6.53 B | 7.09 B | 5.33 B | 3.2 B | 3.3 B | 3.9 B | 4.83 B | 2.58 B | 4.04 B | 6.41 B | 6.5 B | 3.7 B | 4.53 B | 8.51 B | 7.02 B | 3.28 B | 2.84 B | 1.52 B | 809 M | 1.06 B |
Operating Income Ratio |
0.29 | 0.28 | 0.38 | 0.45 | 0.53 | 0.42 | 0.52 | 0.46 | 0.35 | 0.4 | 0.46 | 0.41 | 0.22 | 0.33 | 0.45 | 0.51 | 0.36 | 0.32 | 0.5 | 0.61 | 0.46 | 0.4 | 0.29 | 0.26 | 0.24 |
Income Before Tax |
164 B | 122 B | 3.53 B | 7.38 B | 9.28 B | 4.58 B | 7.52 B | 3.9 B | 2.84 B | 3.28 B | 2.24 B | 2.66 B | 1.33 B | 3.14 B | 5.65 B | 6.78 B | 3.49 B | -273 M | 7.74 B | 6.78 B | 3.12 B | 2.51 B | 1.34 B | 863 M | 1.75 B |
Income Before Tax Ratio |
- | - | 0.25 | 0.44 | 0.52 | 0.29 | 0.55 | 0.33 | 0.31 | 0.4 | 0.26 | 0.22 | 0.12 | 0.25 | 0.4 | 0.53 | 0.34 | -0.02 | 0.45 | 0.59 | 0.43 | 0.36 | 0.26 | 0.28 | 0.4 |
Income Tax Expense |
- | - | 664 M | 1.52 B | 2.31 B | 945 M | 1.56 B | 843 M | 721 M | 745 M | 528 M | 660 M | 565 M | 1 B | 1.46 B | 1.55 B | 836 M | 282 M | 2.46 B | 1.8 B | 838 M | 696 M | 493 M | 286 M | 503 M |
Net Income Ratio |
0.14 | 0.1 | 0.17 | 0.32 | 0.36 | 0.21 | 0.43 | 0.26 | 0.23 | 0.31 | 0.2 | 0.17 | 0.07 | 0.18 | 0.26 | 0.26 | 0.26 | -0.04 | 0.31 | 0.52 | 0.33 | 0.26 | 0.17 | 0.19 | 0.28 |
Earnings Per Share, EPS |
11 | 8 | 0.16 | 0.1 | 0.42 | 0.21 | 36.7 | 0.2 | 14 | 16.7 | 11.4 | 13.2 | 5.07 | 14.2 | 21.5 | 19.5 | 15.4 | -0.03 | 30.2 | 32.8 | 12.1 | 9.23 | 4.35 | 1.55 | 2.46 |
EPS Diluted |
11 | 8 | 0.16 | 0.1 | 0.42 | 0.21 | 36.7 | 0.2 | 14 | 16.7 | 11.4 | 13.2 | 5.07 | 14.2 | 21.5 | 19.5 | -12.1 | -0.03 | 30.2 | 32.8 | 12.1 | 9.23 | 4.35 | 1.55 | 2.02 |
Weighted Average Shares Outstanding |
15.3 B | 15.3 B | 15.3 B | 15.3 B | 15.5 B | 15.8 B | 15.7 B | 15.3 B | 15.3 B | 15.2 B | 15.2 B | 15.3 B | 15.3 B | 15.3 B | 16.7 B | 17 B | 16.8 B | 18 B | 17.6 B | 18.2 B | 19.4 B | 20.3 B | 20.3 B | 20.7 B | 16.7 B |
All numbers in RUB currency
Quarterly Income Statement ГМК Норильский никель
| 2024-Q2 | 2023-Q4 | 2023-Q2 | 2022-Q4 | 2022-Q2 | 2021-Q4 | 2021-Q2 | 2020-Q4 | 2020-Q2 | 2019-Q4 | 2019-Q2 | 2018-Q4 | 2018-Q2 | 2017-Q4 | 2017-Q2 | 2016-Q4 | 2016-Q2 | 2015-Q4 | 2015-Q2 | 2014-Q4 | 2014-Q2 | 2013-Q4 | 2013-Q2 | 2011-Q4 | 2011-Q2 | 2010-Q4 | 2009-Q4 | 2009-Q2 | 2008-Q4 | 2008-Q2 | 2007-Q4 | 2006-Q4 | 2006-Q2 | 2005-Q4 | 2005-Q2 | 2004-Q4 | 2004-Q2 | 2003-Q4 | 2003-Q2 | 2002-Q4 | 2002-Q2 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue |
5.61 B | 7.25 B | 7.16 B | 7.9 B | 8.98 B | 8.91 B | 8.94 B | 8.83 B | 6.71 B | 7.27 B | 6.29 B | 5.84 B | 5.83 B | 4.9 B | 4.25 B | 4.42 B | 3.84 B | 3.64 B | 4.91 B | 6.16 B | 5.71 B | 5.81 B | 5.69 B | 7.06 B | 7.06 B | 6.39 B | 5.08 B | 5.08 B | 6.99 B | 6.99 B | 8.56 B | 5.78 B | 5.78 B | 3.58 B | 3.58 B | 3.52 B | 3.52 B | 2.6 B | 2.6 B | 1.55 B | 1.55 B |
Cost Of Revenue |
2.54 B | 3.02 B | 3.03 B | 3.02 B | 2.71 B | 2.19 B | 2.52 B | 2.38 B | 2.37 B | 2.52 B | 2.43 B | 2.6 B | 2.53 B | 2.28 B | 2.11 B | 2.32 B | 1.82 B | 1.76 B | 2.02 B | 2.82 B | 2.87 B | 3.18 B | 3.07 B | 2.9 B | 2.9 B | 2.44 B | 2.83 B | 2.83 B | 3.81 B | 3.81 B | 2.94 B | 1.58 B | 1.58 B | 1.5 B | 1.5 B | 1.59 B | 1.59 B | 1.44 B | 1.44 B | 876 M | 876 M |
Gross Profit |
3.07 B | 4.23 B | 4.13 B | 4.88 B | 6.27 B | 6.72 B | 6.43 B | 6.45 B | 4.34 B | 4.75 B | 3.87 B | 3.24 B | 3.3 B | 2.62 B | 2.14 B | 2.09 B | 2.03 B | 1.87 B | 2.88 B | 3.34 B | 2.83 B | 2.63 B | 2.62 B | 4.16 B | 4.16 B | 3.95 B | 2.25 B | 2.25 B | 3.18 B | 3.18 B | 5.62 B | 4.2 B | 4.2 B | 2.09 B | 2.09 B | 1.93 B | 1.93 B | 1.16 B | 1.16 B | 672 M | 672 M |
Gross Profit Ratio |
0.547 | 0.583 | 0.577 | 0.618 | 0.699 | 0.754 | 0.719 | 0.73 | 0.647 | 0.653 | 0.614 | 0.555 | 0.567 | 0.534 | 0.504 | 0.474 | 0.527 | 0.515 | 0.588 | 0.542 | 0.496 | 0.453 | 0.46 | 0.59 | 0.59 | 0.618 | 0.443 | 0.443 | 0.455 | 0.455 | 0.656 | 0.727 | 0.727 | 0.582 | 0.582 | 0.548 | 0.548 | 0.448 | 0.448 | 0.434 | 0.434 |
General and Administrative Expenses |
467 M | 489 M | 529 M | 676 M | 583 M | 488 M | 414 M | 394 M | 398 M | 461 M | 405 M | 365 M | 399 M | 354 M | 301 M | 275 M | 229 M | 256 M | 225 M | 365 M | 339 M | 509 M | 345 M | 838 M | 838 M | 698 M | 148 M | 148 M | 798 M | 798 M | 812 M | 545 M | 545 M | 420 M | 420 M | 433 M | 433 M | 375 M | 375 M | 280 M | 280 M |
Selling And Marketing Expenses |
105 M | 133 M | 109 M | 135 M | 120 M | 103 M | 88 M | 95 M | 72 M | 84 M | 55 M | 57 M | 35 M | 47 M | 28 M | 28 M | 22 M | 25 M | 26 M | 54 M | 56 M | 46 M | 25 M | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Selling General And Administrative Expenses |
572 M | 622 M | 638 M | 811 M | 703 M | 591 M | 502 M | 489 M | 470 M | 540 M | 460 M | 434 M | 445 M | 413 M | 342 M | 312 M | 261 M | 290 M | 261 M | 424 M | 400 M | 555 M | 370 M | 838 M | 838 M | 698 M | 148 M | 148 M | 798 M | 798 M | 812 M | 545 M | 545 M | 420 M | 420 M | 433 M | 433 M | 375 M | 375 M | 280 M | 280 M |
Other Expenses |
1.06 B | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 122 M | 122 M | - | 256 M | 256 M | 115 M | 115 M | 552 M | 139 M | 139 M | 29 M | 29 M | 76.5 M | 76.5 M | 30 M | 30 M | -13.5 M | -13.5 M |
Operating Expenses |
1.63 B | 1.78 B | 2.65 B | 3.86 B | 301 M | 2.66 B | 1.08 B | 1.79 B | 3.94 B | 943 M | 91 M | 1.21 B | 1.09 B | 843 M | 760 M | 355 M | 200 M | 1.55 B | 895 M | 2.56 B | 915 M | 2.04 B | 1.62 B | 960 M | 960 M | 698 M | 403 M | 403 M | 912 M | 912 M | 1.36 B | 684 M | 684 M | 450 M | 450 M | 510 M | 510 M | 405 M | 405 M | 267 M | 267 M |
Cost And Expenses |
4.17 B | 4.81 B | 5.68 B | 6.88 B | 3.01 B | 4.85 B | 3.6 B | 4.17 B | 6.31 B | 3.47 B | 2.52 B | 3.81 B | 3.62 B | 3.12 B | 2.87 B | 2.68 B | 2.02 B | 3.31 B | 2.92 B | 5.38 B | 3.79 B | 5.22 B | 4.69 B | 3.86 B | 3.86 B | 3.14 B | 3.23 B | 3.23 B | 4.73 B | 4.73 B | 4.3 B | 2.26 B | 2.26 B | 1.95 B | 1.95 B | 2.1 B | 2.1 B | 1.84 B | 1.84 B | 1.14 B | 1.14 B |
Interest Expense |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 75.5 M | 75.5 M | 69 M | 73.5 M | 73.5 M | 198 M | 198 M | 154 M | 10.5 M | 10.5 M | 47.5 M | 47.5 M | 36 M | 36 M | - | - | - | - |
Depreciation And Amortization |
544 M | 635 M | 578 M | 553 M | 477 M | 537 M | 461 M | 682 M | 473 M | 456 M | 443 M | 448 M | 350 M | 491 M | 308 M | 308 M | 256 M | 233 M | 280 M | 403 M | 445 M | 1.13 B | 442 M | 381 M | 381 M | 402 M | 408 M | 408 M | 2.23 B | 2.23 B | 468 M | 384 M | 384 M | 4.5 M | 4.5 M | -118 M | -118 M | -81 M | -81 M | 30.5 M | 30.5 M |
EBITDA |
2.32 B | 3.4 B | 3.32 B | 3.7 B | 4.84 B | 4.83 B | 5.67 B | 5.9 B | 1.81 B | 4.27 B | 3.72 B | 3.15 B | 3.08 B | 2.19 B | 1.68 B | 2.09 B | 1.77 B | 1.72 B | 2.69 B | 3.21 B | 2.48 B | 1.88 B | 2.27 B | 3.28 B | 3.28 B | 3.86 B | 2.15 B | 2.15 B | 2.29 B | 2.29 B | 4.89 B | 3.9 B | 3.9 B | 1.59 B | 1.59 B | 1.3 B | 1.3 B | 677 M | 677 M | 404 M | 404 M |
EBITDA Ratio |
0.414 | 0.47 | 0.463 | 0.469 | 0.54 | 0.542 | 0.634 | 0.668 | 0.269 | 0.587 | 0.591 | 0.54 | 0.528 | 0.447 | 0.394 | 0.474 | 0.461 | 0.474 | 0.548 | 0.52 | 0.434 | 0.323 | 0.399 | 0.464 | 0.464 | 0.605 | 0.423 | 0.423 | 0.328 | 0.328 | 0.571 | 0.675 | 0.675 | 0.443 | 0.443 | 0.37 | 0.37 | 0.261 | 0.261 | 0.261 | 0.261 |
Operating Income |
1.44 B | 2.82 B | 2.74 B | 3.15 B | 4.37 B | 4.29 B | 5.21 B | 5.22 B | 1.33 B | 3.81 B | 3.28 B | 2.7 B | 2.73 B | 1.7 B | 1.37 B | 1.79 B | 1.52 B | 1.49 B | 2.41 B | 2.8 B | 2.03 B | 749 M | 1.83 B | 3.2 B | 3.2 B | 3.25 B | 1.85 B | 1.85 B | 2.26 B | 2.26 B | 4.26 B | 3.51 B | 3.51 B | 1.64 B | 1.64 B | 1.42 B | 1.42 B | 758 M | 758 M | 404 M | 404 M |
Operating Income Ratio |
0.256 | 0.389 | 0.383 | 0.399 | 0.486 | 0.481 | 0.583 | 0.591 | 0.199 | 0.524 | 0.521 | 0.463 | 0.468 | 0.346 | 0.322 | 0.404 | 0.394 | 0.41 | 0.491 | 0.455 | 0.356 | 0.129 | 0.321 | 0.454 | 0.454 | 0.508 | 0.364 | 0.364 | 0.324 | 0.324 | 0.497 | 0.608 | 0.608 | 0.457 | 0.457 | 0.403 | 0.403 | 0.292 | 0.292 | 0.261 | 0.261 |
Income Before Tax |
1.14 B | 2.27 B | 1.26 B | 888 M | 6.49 B | 4 B | 5.28 B | 4.47 B | 105 M | 3.75 B | 3.77 B | 1.85 B | 2.06 B | 1.63 B | 1.22 B | 1.6 B | 1.67 B | 265 M | 1.98 B | 781 M | 1.88 B | 441 M | 889 M | 2.82 B | 2.82 B | 3.39 B | 1.74 B | 1.74 B | -136 M | -136 M | 3.87 B | 3.39 B | 3.39 B | 1.56 B | 1.56 B | 1.25 B | 1.25 B | 669 M | 669 M | 432 M | 432 M |
Income Before Tax Ratio |
0.203 | 0.313 | 0.177 | 0.112 | 0.723 | 0.449 | 0.591 | 0.506 | 0.016 | 0.516 | 0.6 | 0.316 | 0.352 | 0.332 | 0.287 | 0.363 | 0.436 | 0.073 | 0.403 | 0.127 | 0.329 | 0.076 | 0.156 | 0.4 | 0.4 | 0.531 | 0.343 | 0.343 | -0.02 | -0.02 | 0.452 | 0.587 | 0.587 | 0.435 | 0.435 | 0.356 | 0.356 | 0.258 | 0.258 | 0.279 | 0.279 |
Income Tax Expense |
310 M | 469 M | 195 M | 96 M | 1.43 B | 1.33 B | 979 M | 885 M | 60 M | 782 M | 776 M | 440 M | 403 M | 418 M | 303 M | 375 M | 370 M | 42 M | 486 M | 237 M | 423 M | 221 M | 344 M | 730 M | 730 M | 774 M | 418 M | 418 M | 141 M | 141 M | 1.23 B | 902 M | 902 M | 419 M | 419 M | 348 M | 348 M | 246 M | 246 M | 143 M | 143 M |
Net Income Ratio |
0.117 | 0.218 | 0.112 | 0.059 | 0.556 | 0.274 | 0.455 | 0.387 | -0.005 | 0.399 | 0.458 | 0.242 | 0.287 | 0.247 | 0.216 | 0.278 | 0.341 | 0.065 | 0.305 | 0.089 | 0.254 | 0.038 | 0.097 | 0.255 | 0.255 | 0.258 | 0.256 | 0.256 | -0.04 | -0.04 | 0.308 | 0.516 | 0.516 | 0.328 | 0.328 | 0.26 | 0.26 | 0.166 | 0.166 | 0.189 | 0.189 |
Earnings Per Share, EPS |
0.043 | 0.103 | 0.052 | 0.031 | 0.32 | 0.16 | 0.26 | 0.22 | -0.002 | 0.183 | 0.182 | 0.089 | 0.106 | 0.077 | 0.058 | 0.078 | 0.083 | 0.015 | 0.095 | 0.035 | 0.092 | 0.014 | 0.035 | 10.8 | 10.8 | 9.73 | 7.71 | 7.71 | -0.015 | -0.015 | 15.1 | 16.4 | 16.4 | 6.06 | 6.06 | 4.62 | 4.62 | 2.17 | 2.17 | 0.78 | 0.78 |
EPS Diluted |
0.043 | 0.103 | 0.052 | 0.031 | 0.32 | 0.16 | 0.26 | 0.22 | -0.002 | 0.183 | 0.182 | 0.089 | 0.106 | 0.077 | 0.058 | 0.078 | 0.083 | 0.015 | 0.095 | 0.035 | 0.092 | 0.014 | 0.035 | 10.8 | 10.8 | 9.73 | -6.05 | -6.05 | -0.015 | -0.015 | 15.1 | 16.4 | 16.4 | 6.06 | 6.06 | 4.62 | 4.62 | 2.17 | 2.17 | 0.78 | 0.78 |
Weighted Average Shares Outstanding |
15.3 B | 15.3 B | 15.3 B | 15.3 B | 15.3 B | 15.3 B | 15.8 B | 15.8 B | 15.5 B | 15.8 B | 15.8 B | 15.8 B | 15.8 B | 15.8 B | 15.8 B | 15.7 B | 15.7 B | 15.7 B | 15.8 B | 15.8 B | 15.8 B | 15.8 B | 15.8 B | 16.7 B | 16.7 B | 17 B | 16.8 B | 16.8 B | 18 B | 18 B | 17.6 B | 18.2 B | 18.2 B | 19.4 B | 19.4 B | 20.3 B | 20.3 B | 20.3 B | 20.3 B | 20.7 B | 20.7 B |
All numbers in RUB currency
The income statement is one of the three key financial reports of a company ГМК Норильский никель (alongside the balance sheet and the cash flow statement). It shows how the company makes money and what its expenses are:
- How much revenue the company earned
- How much it spent on production, personnel, marketing, taxes, etc.
- What profit remained in the end
Analyzing the income statement helps an investor understand whether the business generates stable and growing profits, how effectively the company controls its expenses, and whether it is capable of generating income in the future. Additionally, this analysis shows how the company copes with crises and economic cycles, and allows assessing the potential for stock price growth and dividend payments.
Features- The income statement may include both recurring and one-time items (for example, profit from the sale of assets). It is necessary to separate core metrics from one-off events for accurate analysis.
- Companies often publish interim reports (e.g., quarterly), which allows for more timely tracking of trends.
- A combined analysis of the income statement with the balance sheet and cash flow statement provides a comprehensive view of the company’s financial health.