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 2,956B 34.99B 32.16B 30.27B 56.89B 3,827B 57.37B 381B 148B 1,878B 152B 149B 6,498B	P/E 2024	30.9x	P/E 2025	20.8x
Enterprise Value	49.69B 3,623B 42.87B 39.41B 37.1B 69.71B 4,690B 70.29B 467B 182B 2,302B 187B 183B 7,962B	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

Company Profile

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	-0.89%	+4.67%	+107.70%	+181.23%	160B
FREEPORT-MCMORAN INC.	-0.94%	+3.68%	+67.03%	+74.57%	99.28B
CMOC GROUP LIMITED	+0.70%	+20.13%	+157.93%	+256.36%	61.87B
CHINA TUNGSTEN AND HIGHTECH MATERIALS CO.,LTD	-3.21%	+22.81%	+644.22%	+816.38%	30.19B
JX ADVANCED METALS CORPORATION	+0.09%	+30.80%	+450.24%	-	25.24B
JIANGXI COPPER COMPANY LIMITED	+9.26%	+26.34%	+190.38%	+224.84%	21.46B
XIAMEN TUNGSTEN CO.,LTD.	+3.10%	+26.81%	+283.86%	+317.99%	18.99B
KOREA ZINC COMPANY, LTD.	-2.47%	+26.10%	+50.84%	+148.72%	16.98B
BOLIDEN AB	-2.57%	+10.42%	+95.26%	+75.31%	17.64B
Average	+0.40%	+14.09%	+204.74%	+232.82%	48.34B
Weighted average by Cap.	-0.20%	+13.69%	+158.21%	+199.95%

	2024	2025
Net sales	12.54B 914B 10.81B 9.94B 9.36B 17.58B 1,183B 17.73B 118B 45.87B 581B 47.05B 46.04B 2,008B	13.76B 1,003B 11.87B 10.92B 10.27B 19.31B 1,299B 19.47B 129B 50.36B 637B 51.66B 50.55B 2,205B
Net income	1.31B 95.72B 1.13B 1.04B 980M 1.84B 124B 1.86B 12.34B 4.8B 60.81B 4.93B 4.82B 210B	1.95B 142B 1.68B 1.54B 1.45B 2.73B 184B 2.75B 18.3B 7.12B 90.18B 7.31B 7.15B 312B
Net Debt	8.59B 626B 7.41B 6.81B 6.41B 12.04B 810B 12.15B 80.7B 31.42B 398B 32.22B 31.54B 1,376B	9.14B 666B 7.88B 7.25B 6.82B 12.82B 862B 12.93B 85.89B 33.44B 423B 34.3B 33.56B 1,464B

5 years	145		259.5
10 years	76.77		281.14