Norilsk Nickel is the world's leading producer of nickel and palladium. The group also produces and sells silver and copper. Net sales break down by activity as follows: - sale of metals (94.8%): palladium (39% of net sales), copper (22.2%), nickel (21.2%), rhodium (6.2%), platinum (4%), gold (3.8%) and other (3.6%); - other (5.2%): primarily electricity production and transportation and logistics services.

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Sector

Specialty Mining & Metals

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Analysis / Opinion

Nornickel: A dark horse amid tricky geopolitical times

May 19, 2026 at 04:20 am

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Annual profits - Rate of surprise

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End-of-day quote Moscow Micex - RTS Other stock markets 2022-07-08			5-day change	1st Jan Change
167.20 ^RUB	+1.03%		-.--%	-

06-16	Precious metals' sudden and brutal sell-off
06-04	Russian Platinum plans November launch of Arctic mine	RE

Market Cap	40.55B 2,960B 35.36B 32.75B 30.66B 57.49B 3,827B 57.84B 388B 151B 1,883B 152B 149B 6,540B	P/E 2024	30.9x	P/E 2025	20.8x
Enterprise Value	49.69B 3,627B 43.33B 40.13B 37.56B 70.45B 4,689B 70.87B 476B 184B 2,308B 187B 183B 8,014B	EV / Sales 2024	3.92x	EV / Sales 2025	3.61x
Free-Float	11.59%	Yield 2024 *	-	Yield 2025	-

06-16	Precious metals' sudden and brutal sell-off
06-04	Russian Platinum plans November launch of Arctic mine	RE
05-29	USITC says Russian palladium does not harm America cos, ends probe	RE
05-25	Russia's Nornickel recommends no 2025 dividend in face of instability	RE
05-25	Russia's Norilsk Nickel says board recommends no 2025 dividend	RE
05-21	US moves closer to prohibitive tariffs on Russian palladium	RE
05-19	Nornickel: A dark horse amid tricky geopolitical times
05-19	Time to book profits on miners!
05-18	Moscow court bars billionaire Potanin's ex-wife from pursuing claims outside Russia	RE
04-27	Russia's Nornickel says nickel output flat year-on-year at 42,000 tons in first quarter	RE
04-27	Russia's Nornickel says it produced 42,000 tons of nickel in Q1	RE
04-17	Nornickel says higher prices offset increased costs, delivery times from Iran war	RE
04-14	Nornickel seeks new market for palladium in EVs with catalyst for lithium-sulphur batteries	RE

06-16	Precious metals' sudden and brutal sell-off
05-19	Nornickel: A dark horse amid tricky geopolitical times
05-19	Time to book profits on miners!
03-30	Aluminium continues to shine!
03-20	A much-needed wake-up call for eternal optimists

Nornickel ADR Stock

Stocks

GMKN

RU0007288411

Specialty Mining & Metals

Valuation: Nornickel ADR

Latest news : Nornickel ADR

Analysts' recommendations: Nornickel ADR

Press Releases: Nornickel ADR

News in other languages: Nornickel ADR

Quotes and Performance

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Managers and Directors: Nornickel ADR

Other Specialty Mining & Metals

Financials

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Income Statement and Estimates

Analysis / Opinion

Annual profits - Rate of surprise

06-10	Nornickel’s 2025 non-financial reporting: almost a third of revenue invested in sustainable development	PU
05-26	Nornickel : board of directors recommends not to pay dividends for 2025FY to shareholders	PU
05-20	Reliable connectivity: Nornickel signs four infrastructure partnerships	PU
05-19	Strategic cyber resilience: Nornickel signs information security agreements	PU
05-19	Nornickel : unveils AI technologies at flagship industrial conference	PU

04-23	La fortune des milliardaires russes a augmenté de 11% en un an, malgré la guerre et les sanctions-Forbes
04-23	Magazin: Russische Milliardäre steigern Vermögen auf Rekordwert
01-28	Rusa Nornickel prevé una producción de níquel de entre 193.000 y 203.000 toneladas en 2026
01-27	Cinese Anta Sports compra 29% Puma per 1,5 mld euro ma non punta al 100%
25-02-21	Putin dice que Rusia debe acelerar sus planes de extracción de litio

Manager	Title	Age	Since
Vladimir Potanin CEO	Chief Executive Officer	65	2012-12-16
Sergey Malyshev DFI	Director of Finance/CFO	57	2013-03-20
Sergey Stepanov COO	Chief Operating Officer	49	2021-05-19

Director	Title	Age	Since
Sergei Batekhin BRD	Director/Board Member	60	2019-12-31
Marianna Aleksandrovna Zakharova BRD	Director/Board Member	50	2010-05-31
Sergey Malyshev BRD	Director/Board Member	57	2022-12-31

Add to a list 0 selected To use this feature you must be a member Log in Sign up	Change	5-day change	1-year change	3-year change	Capi.($)
NORNICKEL ADR	+1.03%	-.--%	-.--%	-.--%	31.84B
SOUTHERN COPPER CORPORATION	+0.65%	+1.65%	+110.17%	+179.69%	161B
FREEPORT-MCMORAN INC.	-0.55%	+0.39%	+66.78%	+72.17%	98.73B
CMOC GROUP LIMITED	-0.64%	+4.87%	+158.58%	+265.03%	61.23B
CHINA TUNGSTEN AND HIGHTECH MATERIALS CO.,LTD	+10.00%	+24.66%	+735.99%	+920.52%	33.19B
JX ADVANCED METALS CORPORATION	+8.63%	+33.46%	+502.26%	-	25.14B
JIANGXI COPPER COMPANY LIMITED	+9.26%	+18.88%	+203.25%	+228.48%	23.55B
XIAMEN TUNGSTEN CO.,LTD.	+6.27%	+32.58%	+321.54%	+352.16%	20.18B
BOLIDEN AB	-2.57%	+6.63%	+99.58%	+75.62%	16.91B
KOREA ZINC COMPANY, LTD.	-1.41%	+19.20%	+43.10%	+137.92%	16.05B
Average	+3.07%	+13.57%	+224.12%	+247.95%	48.78B
Weighted average by Cap.	+1.79%	+9.40%	+173.73%	+213.58%

	2024	2025
Net sales	12.54B 915B 10.93B 10.12B 9.48B 17.77B 1,183B 17.88B 120B 46.54B 582B 47.05B 46.04B 2,021B	13.76B 1,005B 12B 11.11B 10.4B 19.51B 1,299B 19.63B 132B 51.1B 639B 51.66B 50.55B 2,220B
Net income	1.31B 95.85B 1.14B 1.06B 993M 1.86B 124B 1.87B 12.58B 4.87B 60.98B 4.93B 4.82B 212B	1.95B 142B 1.7B 1.57B 1.47B 2.76B 184B 2.78B 18.65B 7.23B 90.43B 7.31B 7.15B 314B
Net Debt	8.59B 627B 7.49B 6.93B 6.49B 12.17B 810B 12.25B 82.25B 31.88B 399B 32.23B 31.54B 1,385B	9.14B 667B 7.97B 7.38B 6.91B 12.96B 862B 13.03B 87.54B 33.93B 424B 34.3B 33.57B 1,474B

5 years	145		259.5
10 years	76.77		281.14