Cash flow United Company RUSAL Plc Börse Stuttgart

Stocks

6IJ

RU000A1025V3

Aluminum

Delayed Börse Stuttgart			5-day change	1st Jan Change
- ^EUR	-.--%		-2.04%	-22.01%

08-18	United Company RUSAL, International Public Joint-Stock Company Reports Earnings Results for the Half Year Ended June 30, 2026	CI
08-18	Rusal Swings to Profit in H1 as Revenue Jumps 11%	MT

4cb46bd6f310d995d.EEGdsJkULwOzO7QIVHHBOfBD5k9Gm4ht71ngrrZMDUU.JDjfh-BiZWLJWvc8HhCPScU0gCUl3-da3hyr4oEfThBYBdba9mRmVNBIww

Published financial data: UNITED COMPANY RUSAL PLC

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2021	2022	2023	2024	2025
Revenues	11.99B	13.97B	12.21B	12.08B	14.81B
Total Revenues	11.99B	13.97B	12.21B	12.08B	14.81B
Cost of Goods Sold, Total	8.27B	10.77B	10.44B	9.26B	12.25B
Gross Profit	3.72B	3.2B	1.77B	2.82B	2.56B
Selling General & Admin Expenses, Total	1.22B	1.47B	1.36B	1.54B	1.96B
Provision for Bad Debts	60M	163M	1M	44M	30M
Impairment of Oil, Gas & Mineral Properties - (IS)	68M	-87M	25M	-18M	-76M
Other Operating Expenses	153M	63M	167M	286M	211M
Other Operating Expenses, Total	1.5B	1.6B	1.55B	1.86B	2.13B
Operating Income	2.22B	1.6B	217M	966M	432M
Interest Expense, Total	-372M	-426M	-380M	-417M	-718M
Interest And Investment Income	63M	115M	93M	121M	76M
Net Interest Expenses	-309M	-311M	-287M	-296M	-642M
Income (Loss) On Equity Invest.	1.81B	1.56B	752M	564M	666M
Currency Exchange Gains (Loss)	-29M	-219M	51M	283M	-431M
Other Non Operating Income (Expenses)	-352M	-193M	-99M	53M	48M
EBT, Excl. Unusual Items	3.34B	2.43B	634M	1.57B	73M
Impairment of Goodwill	-	-	-48M	-51M	-
Gain (Loss) On Sale Of Investments	445M	18M	-94M	-114M	-6M
Gain (Loss) On Sale Of Assets	-	-	-	-	-
Asset Writedown	-141M	-283M	-248M	-547M	-306M
EBT, Incl. Unusual Items	3.64B	2.17B	244M	858M	-239M
Income Tax Expense	416M	373M	-38M	55M	216M
Earnings From Continuing Operations	3.22B	1.79B	282M	803M	-455M
Net Income to Company	3.22B	1.79B	282M	803M	-455M
Net Income - (IS)	3.22B	1.79B	282M	803M	-455M
Net Income to Common Incl Extra Items	3.22B	1.79B	282M	803M	-455M
Net Income to Common Excl. Extra Items	3.22B	1.79B	282M	803M	-455M
Per Share Items
Net EPS - Basic	0.21	0.12	0.02	0.05	-0.03
Basic EPS - Continuing Operations	0.21	0.12	0.02	0.05	-0.03
Basic Weighted Average Shares Outstanding	15.19B	15.19B	15.19B	15.19B	15.19B
Net EPS - Diluted	0.21	0.12	0.02	0.05	-0.03
Diluted EPS - Continuing Operations	0.21	0.12	0.02	0.05	-0.03
Diluted Weighted Average Shares Outstanding	15.19B	15.19B	15.19B	15.19B	15.19B
Normalized Basic EPS	0.14	0.1	0.03	0.06	0
Normalized Diluted EPS	0.14	0.1	0.03	0.06	0
Dividend Per Share	-	0.02	-	-	-
Payout Ratio	-	16.84	-	-	-
American Depositary Receipts Ratio (ADR)	20	20	20	20	20
Supplemental Items
EBITDA	2.88B	2.02B	782M	1.49B	1.04B
EBITA	2.23B	1.61B	236M	992M	453M
EBIT	2.22B	1.6B	217M	966M	432M
EBITDAR	2.9B	2.04B	789M	1.49B	-
Effective Tax Rate - (Ratio)	11.43	17.22	-15.57	6.41	-90.38
Total Current Taxes	339M	310M	132M	120M	114M
Total Deferred Taxes	77M	63M	-170M	-65M	102M
Normalized Net Income	2.09B	1.52B	396M	981M	45.62M
Interest Capitalized	7M	36M	56M	89M	-
Interest on Long-Term Debt	87M	40M	60M	94M	142M
Non-Cash Pension Expense	6M	9M	4M	7M	15M
Supplemental Operating Expense Items
Selling and Marketing Expenses	617M	697M	755M	848M	1.06B
General and Administrative Expenses	603M	769M	603M	695M	901M
Net Rental Expense, Total	15M	25M	7M	6M	-
Imputed Operating Lease Interest Expense	6.22M	11.35M	2.8M	3.06M	-
Imputed Operating Lease Depreciation	8.78M	13.65M	4.2M	2.94M	-
Maintenance & Repair Expenses, Total	25M	572M	30M	62M	68M

Fiscal Period: December	2021	2022	2023	2024	2025
Assets
Cash And Equivalents	1.98B	3.2B	2.09B	1.5B	1.55B
Short Term Investments	167M	89M	125M	112M	98M
Total Cash And Short Term Investments	2.15B	3.28B	2.21B	1.62B	1.65B
Accounts Receivable, Total	924M	1.09B	975M	1.25B	1.22B
Other Receivables	1.28B	649M	904M	671M	741M
Total Receivables	2.2B	1.74B	1.88B	1.92B	1.96B
Inventory	3.69B	4.49B	3.6B	4.48B	4.29B
Prepaid Expenses	27M	24M	35M	30M	42M
Other Current Assets, Total	363M	582M	217M	315M	316M
Total Current Assets	8.44B	10.12B	7.94B	8.36B	8.25B
Gross Property Plant And Equipment	17.51B	18.62B	16.51B	17.34B	19.62B
Accumulated Depreciation	-12.16B	-12.79B	-10.71B	-11.34B	-12.59B
Net Property Plant And Equipment	5.35B	5.83B	5.81B	6B	7.03B
Long-term Investments	4.33B	5.63B	4.86B	5.08B	7.06B
Goodwill	2.27B	2.43B	2.16B	2.01B	2.14B
Other Intangibles, Total	142M	171M	181M	187M	204M
Deferred Tax Assets Long-Term	113M	58M	229M	328M	246M
Other Long-Term Assets, Total	267M	392M	290M	221M	121M
Total Assets	20.91B	24.63B	21.46B	22.2B	25.06B
Liabilities
Accounts Payable, Total	896M	1.04B	948M	1.28B	1.24B
Accrued Expenses, Total	185M	248M	237M	161M	201M
Current Portion of Long-Term Debt	1.89B	2.55B	1.97B	4.52B	6.5B
Current Portion of Leases	13M	21M	19M	16M	-
Current Income Taxes Payable	40M	172M	26M	38M	33M
Unearned Revenue Current, Total	1.12B	237M	218M	420M	1.02B
Other Current Liabilities	449M	326M	305M	326M	334M
Total Current Liabilities	4.59B	4.59B	3.72B	6.76B	9.34B
Long-Term Debt	4.84B	6.91B	5.9B	3.4B	3.1B
Long-Term Leases	35M	27M	30M	42M	51M
Pension & Other Post Retirement Benefits	62M	55M	43M	49M	77M
Deferred Tax Liability Non Current	429M	427M	405M	466M	464M
Other Non Current Liabilities	425M	314M	351M	271M	304M
Total Liabilities	10.38B	12.32B	10.45B	10.98B	13.33B
Common Stock, Total	152M	152M	152M	152M	152M
Additional Paid In Capital	15.79B	15.79B	15.79B	15.79B	15.79B
Retained Earnings	1.23B	2.72B	3B	3.63B	3.17B
Comprehensive Income and Other	-6.64B	-6.35B	-7.92B	-8.35B	-7.38B
Total Common Equity	10.52B	12.31B	11.02B	11.22B	11.73B
Total Equity	10.52B	12.31B	11.02B	11.22B	11.73B
Total Liabilities And Equity	20.91B	24.63B	21.46B	22.2B	25.06B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	15.19B	15.19B	15.19B	15.19B	15.19B
ECS Total Common Shares Outstanding	15.19B	15.19B	15.19B	15.19B	15.19B
Book Value / Share	0.69	0.81	0.73	0.74	0.77
Tangible Book Value	8.11B	9.7B	8.68B	9.02B	9.38B
Tangible Book Value Per Share	0.53	0.64	0.57	0.59	0.62
Total Debt	6.78B	9.5B	7.92B	7.98B	9.65B
Net Debt	4.63B	6.22B	5.7B	6.36B	8.01B
Debt Equivalent of Unfunded Proj. Benefit Obligation	66M	60M	47M	53M	82M
Debt Equivalent Oper. Leases	120M	200M	56M	48M	-
Equity Method Investments, Total	4.01B	5.17B	4.52B	4.87B	6.83B
Account Code - Inventory Valuation	6	6	6	6	6
Inventories - Raw Materials, Total	1.5B	1.54B	1.33B	1.45B	1.35B
Inventories - Work In Process, Total	796M	906M	766M	848M	981M
Inventories - Finished Goods, Total	1.55B	2.04B	1.5B	2.18B	1.96B
Land - (BS)	4.02B	4.15B	3.95B	4.38B	4.7B
Machinery, Total	10.17B	10.8B	8.91B	9.68B	10.8B
Full Time Employees	57.93K	59.46K	49.49K	49.9K	50.9K
Accumulated Allowance for Doubtful Accounts (Supple)	18M	75M	68M	92M	104M

Fiscal Period: December	2021	2022	2023	2024	2025
Net Income	3.22B	1.79B	282M	803M	-455M
Depreciation & Amortization - CF	602M	505M	521M	512M	664M
Amortization of Goodwill and Intangible Assets - (CF)	7M	12M	19M	26M	21M
Impairment of Oil, Gas & Mineral Properties - (CF)	68M	-87M	25M	-18M	-76M
Depreciation & Amortization, Total	677M	430M	565M	520M	609M
(Gain) Loss From Sale Of Asset	9M	13M	4M	8M	12M
(Gain) Loss on Sale of Investments - (CF)	-445M	-18M	94M	114M	6M
Asset Writedown & Restructuring Costs	141M	283M	296M	598M	306M
(Income) Loss On Equity Investments - (CF)	-1.81B	-1.56B	-752M	-564M	-666M
Provision and Write-off of Bad Debts	60M	163M	1M	44M	30M
Other Operating Activities, Total	823M	901M	166M	-117M	1.21B
Change In Accounts Receivable	-528M	-325M	393M	-551M	-93M
Change In Inventories	-1.39B	-1.24B	923M	-841M	135M
Change In Accounts Payable	394M	-846M	-208M	474M	600M
Change in Other Net Operating Assets	-16M	-6M	-4M	-5M	-14M
Cash from Operations	1.15B	-412M	1.76B	483M	1.68B
Capital Expenditure	-1.16B	-1.2B	-1.02B	-1.33B	-1.44B
Sale of Property, Plant, and Equipment	10M	3M	10M	14M	15M
Cash Acquisitions	-85M	-	-	-303M	-246M
Divestitures	-	-16M	-	-	44M
Sale (Purchase) of Intangible assets	-28M	-37M	-34M	-34M	-38M
Investment in Marketable and Equity Securities, Total	1.08B	-16M	-67M	45M	118M
Net (Increase) Decrease in Loans Originated / Sold - Investing	-	-	-	-	-
Other Investing Activities, Total	677M	1.74B	83M	532M	192M
Cash from Investing	490M	472M	-1.03B	-1.08B	-1.35B
Long-Term Debt Issued, Total	918M	6.04B	3.52B	2.63B	9.26B
Total Debt Issued	918M	6.04B	3.52B	2.63B	9.26B
Long-Term Debt Repaid, Total	-2.08B	-3.64B	-4.81B	-2.07B	-8.74B
Total Debt Repaid	-2.08B	-3.64B	-4.81B	-2.07B	-8.74B
Common Dividends Paid	-	-302M	-	-	-
Common & Preferred Stock Dividends Paid	-	-302M	-	-	-
Other Financing Activities, Total	-729M	-674M	-454M	-446M	-861M
Cash from Financing	-1.89B	1.42B	-1.75B	113M	-332M
Foreign Exchange Rate Adjustments	21M	-264M	-91M	-102M	52M
Net Change in Cash	-234M	1.21B	-1.11B	-584M	42M
Supplemental Items
Cash Interest Paid	380M	428M	422M	494M	855M
Cash Income Tax Paid (Refund)	307M	358M	125M	127M	99M
Levered Free Cash Flow	-1.53B	-1.29B	218M	-1.03B	-315M
Unlevered Free Cash Flow	-1.3B	-1.02B	456M	-769M	134M
Change In Net Working Capital	2.17B	1.21B	-811M	527M	-732M
Net Debt Issued / Repaid	-1.16B	2.39B	-1.29B	559M	529M

Fiscal Period: December	2021	2022	2023	2024	2025
Profitability
Return on Assets	7.25	4.39	0.59	2.77	1.14
Return on Total Capital	8.76	5.11	0.67	3.17	1.33
Return On Equity %	37.79	15.71	2.42	7.22	-3.97
Return on Common Equity	37.79	15.71	2.42	7.22	-3.97
Margin Analysis
Gross Profit Margin %	31.02	22.93	14.48	23.35	17.27
SG&A Margin	10.17	10.49	11.12	12.77	13.24
EBITDA Margin %	24.05	14.42	6.4	12.3	7.03
EBITA Margin %	18.57	11.53	1.93	8.21	3.06
EBIT Margin %	18.51	11.44	1.78	8	2.92
Income From Continuing Operations Margin %	26.89	12.83	2.31	6.65	-3.07
Net Income Margin %	26.89	12.83	2.31	6.65	-3.07
Net Avail. For Common Margin %	26.89	12.83	2.31	6.65	-3.07
Normalized Net Income Margin	17.39	10.87	3.24	8.12	0.31
Levered Free Cash Flow Margin	-12.78	-9.22	1.79	-8.52	-2.12
Unlevered Free Cash Flow Margin	-10.84	-7.31	3.73	-6.37	0.9
Asset Turnover
Asset Turnover	0.63	0.61	0.53	0.55	0.63
Fixed Assets Turnover	2.35	2.5	2.1	2.05	2.27
Receivables Turnover (Average Receivables)	17.13	13.9	11.85	10.85	12
Inventory Turnover (Average Inventory)	2.77	2.63	2.58	2.29	2.79
Short Term Liquidity
Current Ratio	1.84	2.2	2.14	1.24	0.88
Quick Ratio	0.95	1.09	1.1	0.52	0.39
Operating Cash Flow to Current Liabilities	0.25	-0.09	0.47	0.07	0.18
Days Sales Outstanding (Average Receivables)	21.3	26.25	30.8	33.75	30.41
Days Outstanding Inventory (Average Inventory)	132.01	138.63	141.32	159.58	130.61
Average Days Payable Outstanding	29.04	30.55	37.97	40.18	38.09
Cash Conversion Cycle (Average Days)	124.27	134.33	134.14	153.15	122.93
Long Term Solvency
Total Debt/Equity	64.43	77.23	71.85	71.11	82.32
Total Debt / Total Capital	39.19	43.58	41.81	41.56	45.15
LT Debt/Equity	46.31	56.37	53.83	30.67	26.85
Long-Term Debt / Total Capital	28.17	31.8	31.32	17.92	14.73
Total Liabilities / Total Assets	49.66	50.03	48.68	49.48	53.2
EBIT / Interest Expense	5.97	3.75	0.57	2.32	0.6
EBITDA / Interest Expense	7.79	4.76	2.06	3.56	1.45
(EBITDA - Capex) / Interest Expense	4.66	1.94	-0.63	0.37	-0.55
Total Debt / EBITDA	2.34	4.68	10.12	5.37	9.27
Net Debt / EBITDA	1.6	3.07	7.29	4.28	7.69
Total Debt / (EBITDA - Capex)	3.91	11.49	-32.98	51.79	-24.25
Net Debt / (EBITDA - Capex)	2.67	7.52	-23.76	41.31	-20.12
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	40.02	16.51	-12.6	-1.07	22.6
Gross Profit, 1 Yr. Growth %	155.91	-13.89	-44.82	59.56	-9.32
EBITDA, 1 Yr. Growth %	236.13	-30.13	-61.19	90.03	-29.95
EBITA, 1 Yr. Growth %	715.75	-27.66	-85.35	320.34	-54.33
EBIT, 1 Yr. Growth %	731.46	-27.97	-86.43	345.16	-55.28
Earnings From Cont. Operations, 1 Yr. Growth %	324.9	-44.4	-84.27	184.75	-156.66
Net Income, 1 Yr. Growth %	324.9	-44.4	-84.27	184.75	-156.66
Normalized Net Income, 1 Yr. Growth %	374.01	-27.15	-73.92	147.63	-95.35
Diluted EPS Before Extra, 1 Yr. Growth %	324.9	-44.4	-84.27	184.75	-156.66
Accounts Receivable, 1 Yr. Growth %	94.12	17.53	-10.22	28.51	-3.03
Inventory, 1 Yr. Growth %	61.08	21.59	-19.83	24.4	-4.11
Net Property, Plant and Equip., 1 Yr. Growth %	10.2	8.95	-0.39	3.43	17.09
Total Assets, 1 Yr. Growth %	20.3	17.82	-12.86	3.43	12.86
Tangible Book Value, 1 Yr. Growth %	96.16	19.59	-10.54	3.87	4.02
Common Equity, 1 Yr. Growth %	60.84	16.94	-10.49	1.82	4.55
Cash From Operations, 1 Yr. Growth %	5.04	-135.95	-527.18	-72.56	247
Capital Expenditures, 1 Yr. Growth %	32.73	3.26	-14.98	30.33	8.03
Levered Free Cash Flow, 1 Yr. Growth %	-334.72	-15.72	-116.75	-572.15	-68.96
Unlevered Free Cash Flow, 1 Yr. Growth %	-238.08	-21.14	-144	-268.83	-117.79
Dividend Per Share, 1 Yr. Growth %	-	-	-	-	-
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	11.13	27.72	0.91	-7.02	10.13
Gross Profit, 2 Yr. CAGR %	52.6	48.44	-31.07	-6.17	20.28
EBITDA, 2 Yr. CAGR %	74.79	53.25	-47.93	-14.12	15.38
EBITA, 2 Yr. CAGR %	154.81	142.92	-67.45	-21.53	38.55
EBIT, 2 Yr. CAGR %	155.9	144.72	-68.74	-22.27	41.1
Earnings From Cont. Operations, 2 Yr. CAGR %	83.29	53.7	-70.43	-33.08	27.02
Net Income, 2 Yr. CAGR %	83.29	53.7	-70.43	-33.08	27.02
Normalized Net Income, 2 Yr. CAGR %	59.85	85.83	-56.41	-19.64	-66.07
Diluted EPS Before Extra, 2 Yr. CAGR %	83.29	53.7	-70.43	-33.08	27.02
Accounts Receivable, 2 Yr. CAGR %	24.51	51.05	2.72	7.41	11.63
Inventory, 2 Yr. CAGR %	22.51	39.95	-1.27	-0.13	9.22
Net Property, Plant and Equip., 2 Yr. CAGR %	9.05	9.57	4.17	1.5	10.04
Total Assets, 2 Yr. CAGR %	8.33	19.05	1.33	-5.06	8.04
Tangible Book Value, 2 Yr. CAGR %	39.15	53.16	3.43	-3.61	3.94
Common Equity, 2 Yr. CAGR %	24.89	37.15	2.31	-4.54	3.17
Cash From Operations, 2 Yr. CAGR %	-16.71	-38.55	23.93	8.27	-2.42
Capital Expenditures, 2 Yr. CAGR %	19.8	17.07	-6.3	5.27	18.66
Levered Free Cash Flow, 2 Yr. CAGR %	271.21	40.42	-62.22	-11.06	20.12
Unlevered Free Cash Flow, 2 Yr. CAGR %	125.01	4.15	-40.7	-13.81	-45.77
Dividend Per Share, 2 Yr. CAGR %	-	-	-	-	-
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	5.27	12.9	12.55	0.24	1.96
Gross Profit, 3 Yr. CAGR %	9.5	26.1	6.73	-8.82	-7.23
EBITDA, 3 Yr. CAGR %	10.27	28.76	-3.04	-19.83	-19.76
EBITA, 3 Yr. CAGR %	10.87	67.47	-4.74	-23.63	-34.49
EBIT, 3 Yr. CAGR %	10.8	67.71	-6.68	-24.22	-35.35
Earnings From Cont. Operations, 3 Yr. CAGR %	23.84	23.15	-28.11	-37.09	-36.69
Net Income, 3 Yr. CAGR %	23.84	23.15	-28.11	-37.09	-36.69
Normalized Net Income, 3 Yr. CAGR %	16.62	23.01	-3.43	-22.22	-68.92
Diluted EPS Before Extra, 3 Yr. CAGR %	23.84	23.15	-28.11	-37.09	-36.69
Accounts Receivable, 3 Yr. CAGR %	28.25	22.14	27	10.69	3.81
Inventory, 3 Yr. CAGR %	7.09	22.2	16.23	6.64	-1.48
Net Property, Plant and Equip., 3 Yr. CAGR %	6.56	9.02	6.14	3.92	6.45
Total Assets, 3 Yr. CAGR %	9.84	11.41	7.29	2.02	0.57
Tangible Book Value, 3 Yr. CAGR %	42.56	32.3	28.03	3.58	-1.13
Common Equity, 3 Yr. CAGR %	26.42	22.18	18.96	2.15	-1.6
Cash From Operations, 3 Yr. CAGR %	19	-37.05	17.28	-25.02	59.63
Capital Expenditures, 3 Yr. CAGR %	12.75	14.01	5.23	4.6	6.18
Levered Free Cash Flow, 3 Yr. CAGR %	30.35	126.22	-30.62	-12.32	-37.7
Unlevered Free Cash Flow, 3 Yr. CAGR %	50.83	58.44	-21.5	-15.95	-49.42
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	8.48	6.99	3.51	4.47	11.58
Gross Profit, 5 Yr. CAGR %	13.76	2.84	-9.01	12.04	11.96
EBITDA, 5 Yr. CAGR %	14.32	-0.78	-18.32	9.5	3.94
EBITA, 5 Yr. CAGR %	17.13	-0.36	-32.09	23.66	10.66
EBIT, 5 Yr. CAGR %	17.25	-0.46	-33.2	23.3	10.1
Earnings From Cont. Operations, 5 Yr. CAGR %	22.29	7.97	-30.17	-3.51	-9.73
Net Income, 5 Yr. CAGR %	22.29	7.97	-30.17	-3.51	-9.73
Normalized Net Income, 5 Yr. CAGR %	27.51	11.65	-21.33	3.75	-36.44
Diluted EPS Before Extra, 5 Yr. CAGR %	22.29	7.97	-30.17	-3.51	-9.73
Accounts Receivable, 5 Yr. CAGR %	24.33	22.36	17.36	16.02	20.61
Inventory, 5 Yr. CAGR %	13.9	13.21	3.67	12.72	13.37
Net Property, Plant and Equip., 5 Yr. CAGR %	5.65	6.16	5.6	5.94	7.69
Total Assets, 5 Yr. CAGR %	7.66	9.32	6.35	4.5	7.59
Tangible Book Value, 5 Yr. CAGR %	57.81	38.67	25.39	16.56	17.79
Common Equity, 5 Yr. CAGR %	26.11	22.6	16.16	10.7	12.38
Cash From Operations, 5 Yr. CAGR %	-1.63	-24.7	20.95	-21.8	8.97
Capital Expenditures, 5 Yr. CAGR %	15.84	7.9	4.71	10.43	10.41
Levered Free Cash Flow, 5 Yr. CAGR %	28.57	19.69	-20.62	56.06	-13.58
Unlevered Free Cash Flow, 5 Yr. CAGR %	91.31	2.74	3.75	24.53	-32.29
Dividend Per Share, 5 Yr. CAGR %	-	0.3	-	-	-