
ЗВЕЗДА Income Statement 2025-2005 | ZVEZ
Brief overview of financial results at ЗВЕЗДА
The conclusions below are based on five years of reported results. The revenue attributed to ЗВЕЗДА moved from 2.1 billion rubles to 3.6 billion rubles between the two endpoints. Across the full period, sales moved by +74.4%; the average annual rate was 11.8%. The pace indicates confident and sustained business growth.
EBITDA was −807 million rubles at the beginning and 400 million rubles at the end of the period (+149.5%). EBITDA expanded faster than the top line. EBITDA margin moved from −39.2% to 11.1%. Higher profitability strengthens the quality of operating growth.
Across the five years, the net result shifted from −1.1 billion rubles to −258 million rubles. The loss reduction is constructive, but the recovery is incomplete.
The five-year change in capitalization reached +68.5%: from 2.2 billion rubles to 3.8 billion rubles. Higher capitalization indicates improving investor confidence.
Financial takeaway
The financial trajectory looks strong and well balanced. The constructive conclusion rests on net-income growth, an improving EBITDA margin and a larger revenue base. Future reports should be judged by revenue momentum, margins, and the conversion of sales into net income.
Annual Income Statement ЗВЕЗДА
| 2025 | 2024 | 2023 | 2022 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | 2005 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue |
3.59 B | 3.56 B | 3.75 B | 2.45 B | 2.06 B | 2.18 B | 1.13 B | 2.13 B | 1.47 B | 1.3 B | 1.36 B | 1.38 B | 1.44 B | 845 M | 1.36 B | 905 M | 947 M | 872 M | 920 M | 812 M |
Cost Of Revenue |
- | - | - | - | 2.67 B | 2.34 B | 1.26 B | 2.1 B | 1.46 B | 1.52 B | 1.39 B | 1.36 B | 1.35 B | 868 M | 947 M | 769 M | 855 M | 855 M | 770 M | 719 M |
Gross Profit |
- | - | - | - | -607 M | -151 M | -123 M | 31.5 M | 5.69 M | -221 M | -32.7 M | 16.1 M | 86.5 M | -23.1 M | 409 M | 136 M | 91.9 M | 17 M | 150 M | 92.8 M |
Gross Profit Ratio |
- | - | - | - | -0.29 | -0.07 | -0.11 | 0.01 | 0.0 | -0.17 | -0.02 | 0.01 | 0.06 | -0.03 | 0.3 | 0.15 | 0.1 | 0.02 | 0.16 | 0.11 |
General and Administrative Expenses |
1.85 B | 1.98 B | 1.72 B | 1.45 B | 1 K | - | - | - | - | - | - | - | -4.47 M | - | - | - | - | - | - | - |
Selling And Marketing Expenses |
- | - | - | - | 1.7 M | 1.62 M | 4.02 M | 11.7 M | 11.2 M | 4.07 M | 9.24 M | 16 M | 4.47 M | 7.4 M | 29.5 M | 20.7 M | 22.4 M | 38.8 M | - | - |
Selling General And Administrative Expenses |
- | - | - | - | 1.71 M | 1.62 M | 4.02 M | 11.7 M | 11.2 M | 4.07 M | 9.24 M | 16 M | 4.47 M | 7.4 M | 29.5 M | 20.7 M | 22.4 M | 38.8 M | - | 27.8 M |
Other Expenses |
- | - | - | - | - | 2.06 M | -120 M | -39.8 M | -41.3 M | -36 M | 126 M | - | -32.6 M | 60.7 M | -83.2 M | -75 M | -78.3 M | -29 M | 38.8 M | - |
Operating Expenses |
708 M | 837 M | 730 M | 670 M | 1.71 M | 3.67 M | 26.7 M | 15.5 M | 11.2 M | 4.07 M | 9.24 M | 16 M | 4.47 M | 7.4 M | 29.5 M | 20.7 M | 22.4 M | 38.8 M | 38.8 M | 27.8 M |
Cost And Expenses |
- | - | - | - | 3.18 B | 2.34 B | 1.28 B | 2.12 B | 1.47 B | 1.52 B | 1.4 B | 1.37 B | 1.36 B | 875 M | 976 M | 790 M | 877 M | 894 M | -809 M | -747 M |
Interest Expense |
439 M | 336 M | 278 M | - | 103 M | 85.6 M | 56.2 M | 11.3 M | 24.4 M | 26.3 M | - | 38.7 M | - | - | - | - | - | - | 21.6 M | 22.4 M |
Depreciation And Amortization |
200 M | 300 M | 300 M | 300 M | -199 M | 38.1 M | 37.7 M | 37.6 M | -29.1 M | -52.6 M | - | 33.3 M | - | - | - | - | - | - | 38.5 M | -39.1 M |
EBITDA |
400 M | 260 M | -98 M | - | -807 M | -218 M | 121 M | 91.8 M | -34.6 M | -288 M | -42 M | 26.2 M | 82.1 M | -30.5 M | 379 M | 115 M | 22.5 M | -21.8 M | 150 M | 25.9 M |
EBITDA Ratio |
0.11 | 0.07 | -0.03 | - | -0.39 | -0.12 | -0.23 | -0.01 | -0.02 | -0.21 | -0.03 | 0.02 | 0.06 | -0.04 | 0.28 | 0.13 | 0.07 | -0.03 | 0.16 | 0.03 |
Operating Income |
201 M | -190 M | -370 M | -1.23 B | -608 M | -153 M | -127 M | 19.1 M | -5.48 M | -225 M | -42 M | 115 K | 82.1 M | -30.5 M | 379 M | 115 M | 69.5 M | -21.8 M | 111 M | 65 M |
Operating Income Ratio |
0.06 | - | -0.1 | -0.5 | -0.3 | -0.07 | -0.11 | 0.01 | -0.0 | -0.17 | -0.03 | 0.0 | 0.06 | -0.04 | 0.28 | 0.13 | 0.07 | -0.03 | 0.12 | 0.08 |
Income Before Tax |
-258 M | -453 M | -660 M | -1.34 B | -910 M | -342 M | 27.4 M | 41.6 M | 16.9 M | -314 M | 84 M | 27.9 M | 17.6 M | 5.58 M | 296 M | 39.9 M | -8.81 M | -50.8 M | 128 M | 3.47 M |
Income Before Tax Ratio |
- | - | - | - | -0.44 | -0.16 | 0.02 | 0.02 | 0.01 | -0.24 | 0.06 | 0.02 | 0.01 | 0.01 | 0.22 | 0.04 | -0.01 | -0.06 | 0.14 | 0.0 |
Income Tax Expense |
- | - | - | - | -113 M | -86.1 M | 39.9 M | 27.3 M | 16.8 M | -52.8 M | -10.5 M | 10.4 M | 81.3 M | -30.7 M | 155 M | 94.6 M | 82.8 M | 26.6 M | 37.6 M | 10.3 M |
Net Income Ratio |
-0.07 | -0.13 | -0.18 | -0.55 | -0.39 | -0.12 | -0.01 | 0.0 | 0.0 | -0.2 | 0.07 | 0.01 | 0.0 | 0.0 | 0.17 | 0.02 | -0.01 | -0.06 | 0.1 | -0.01 |
Earnings Per Share, EPS |
-0.46 | -0.81 | -1 | -2 | -1.42 | -0.46 | -0.02 | 0.02 | 0.0 | -0.47 | 0.17 | 0.02 | 0.0 | 0.0 | 0.4 | 0.04 | -0.02 | -0.09 | 0.16 | -0.01 |
EPS Diluted |
-0.46 | -0.81 | -1 | -2 | -1.42 | -0.46 | -0.02 | 0.02 | 0.0 | -0.47 | 0.17 | 0.02 | 0.0 | 0.0 | 0.4 | 0.04 | -0.02 | -0.09 | 0.16 | -0.01 |
Weighted Average Shares Outstanding |
562 M | 562 M | 562 M | 562 M | 562 M | 562 M | 562 M | 562 M | 562 M | 562 M | 562 M | 562 M | 562 M | 562 M | 562 M | 562 M | 562 M | 562 M | 562 M | 562 M |
All numbers in RUB currency
Quarterly Income Statement ЗВЕЗДА
| 2025-Q4 | 2025-Q2 | 2024-Q4 | 2024-Q2 | |
|---|---|---|---|---|
Revenue |
2.09 B | 1.5 B | 2.03 B | 1.54 B |
General and Administrative Expenses |
884 M | 962 M | 990 M | 988 M |
Operating Expenses |
218 M | 490 M | 436 M | 401 M |
Interest Expense |
249 M | 190 M | 156 M | 180 M |
Depreciation And Amortization |
100 M | 100 M | 100 M | 100 M |
EBITDA |
738 M | -338 M | 575 M | -315 M |
EBITDA Ratio |
0.353 | -0.225 | 0.283 | -0.205 |
Operating Income |
681 M | -480 M | 446 M | -446 M |
Operating Income Ratio |
0.326 | -0.32 | 0.22 | -0.29 |
Net Income Ratio |
0.154 | -0.386 | 0.056 | -0.368 |
Earnings Per Share, EPS |
0.57 | -1.03 | 0.2 | -1.01 |
EPS Diluted |
0.57 | -1.03 | 0.2 | -1.01 |
Weighted Average Shares Outstanding |
562 M | 562 M | 562 M | 562 M |
All numbers in RUB currency
The income statement is one of the three key financial reports of a company ЗВЕЗДА (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.