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Seligdar PJSC (MOEX: SELG), a Russian gold and tin producer, has published interim unconsolidated financial statements under RAS for the first six months ended June 30, 2024. The unconsolidated statements do not include the results of the main mining divisions of Seligdar PJSC.

·         For the first six months of 2024, revenue of Seligdar PJSC totaled 727 million Russian roubles.

·         Gross profit increased and reached 35 million Russian roubles for the period.

·         Gross margin for 6M2024 remained at the same level as last year, at 5%.

·         In January-June of 2024, Seligdar PJSC received dividends in the amount of 4,264 million Russian roubles.

·         Seligdar PJSC paid dividends to its shareholders in the amount of 2,060 million Russian roubles.

Revenue

For 6 months of 2024, the sales revenue of Seligdar PJSC increased by 66% and amounted to 727 million Russian roubles compared to 437 million Russian roubles in January-June 2023. The growth is attributed to the expansion of the range of services provided to subsidiaries and controlled companies for complex support of their operations.

Seligdar PJSC is not the owner of mining licenses and does not engage in the production of precious metals.

Dividends

In January-June 2024, Seligdar PJSC received dividends in the amount of 4,264 million Russian roubles, against 2,659 million Russian roubles for the same period in 2023; the dividends were paid by the subsidiaries: Ryabinovoye LLC and Samolazovskoe Ltd.

Other income and expenses

According to the results of other operations for the 6 months of 2024, the total other expense amounted to 8,415 million Russian roubles comparted to the total other expense of 3 million Russian roubles received in 2023. Other income and expenses are mainly represented by changes in the market value of shares of Rusolovo PJSC, which are part of the financial investments of Seligdar PJSC.

Key financials, thousand Russian roubles:

The unconsolidated financial statements reflect only a part of the Seligdar PJSC’s operations. All aspects of the Seligdar PJSC’s operations are adequately stated in the consolidated financial statements in accordance with IFRS standards.