Stock market news

GloraX

Developer Glorax, which announced its upcoming IPO on the Moscow Exchange, plans to begin paying dividends from 2027, Vice President for Public Markets Petr Kryuchkov said during a Sinara investment bank webinar. He noted that at least 30% of net profit will be allocated for payouts. Trading under the ticker GLRX will start on October 31. In 2024, the compan...

United Aircraft Corporation

Certification of the Il-114-300 and SJ-100 aircraft is expected to be completed in early 2026, Rostec CEO Sergey Chemezov said. Serial production will start afterward. The Il-114-300 is fully built from Russian components and powered by UEC-Klimov TV7-117ST-01 engines. The SJ-100 is a new version of the Sukhoi Superjet 100 with maximum localization of compon...

Sistema

AFK Sistema plans to revise its dividend policy, founder Vladimir Yevtushenkov said. The current policy, adopted in spring 2024 for 2024–2026, sets a minimum dividend of 0.52 rubles per share and annual growth of 25–50%. The company skipped dividends for 2024 to focus on debt reduction and maintaining financial stability.

Yandex

Yandex plans to produce 20,000 new-generation delivery robots by the end of 2027, with monthly output reaching 1,300 units in 2026. The first fourth-generation robots will appear on streets in November 2025, serving Yandex Eats, Lavka, Delivery, and partner services. According to Yandex, the new models have lower production costs and can travel up to 70 km o...

T-Technologies

By September 2025, T-Technologies increased its ecosystem client base by 15% year-on-year to 52.8 million, and the number of active users rose by 9% to 34 million. Total client purchases for the first nine months grew by 15% to RUB 7.2 trillion. The loan portfolio reached RUB 3 trillion, up 16% since the beginning of the year. Client funds and assets under m...

Mobile TeleSystems

MTS and T2 RTK Holding (brand T2) agreed to open joint mobile retail stores, the companies told RBC. The first outlet has opened in Kirov, with plans to expand up to 100 locations. The partners are selecting sites from 600 existing stores across Russia and expect the new format to reduce operating costs and improve retail efficiency.

Rostelecom

The Ministry of Digital Development and Rostelecom are developing an AI-based virtual services platform for civil servants, Deputy Minister Grigory Borisenko said at the Infotech-2025 forum in Tyumen. The service, already used by about 200,000 Rostelecom employees, enables document summarization, data analysis, and transcription. Its rollout to the governmen...

MMC Norilsk Nickel

Nornickel reduced metal output in the first nine months of 2025. Nickel production declined by 4% to 140 thousand tonnes, and copper output fell by 4% to 313 thousand tonnes. Palladium output decreased by 6% to 2.016 million ounces, and platinum by 7% to 484 thousand ounces. The company confirmed its full-year production guidance.

Magnitogorsk Iron and Steel Works

Magnitogorsk Iron and Steel Works' net profit under IFRS for the first 9 months of 2025 amounted to ₽10.669 billion, which is 84.3% lower than ₽67.805 billion in the previous year. Revenue decreased by 23% to 464.1 billion rubles from 602.8 billion rubles a year earlier.

GloraX

GloraX announced the start of the IPO subscription on the Moscow Exchange at a price of RUB 64 per share, implying a market capitalization of RUB 16 billion. The IPO volume will exceed RUB 2 billion, with proceeds directed toward business development and debt reduction. Trading under the ticker GLRX is scheduled to begin on October 31, 2025. Investors may su...