Etalon Group PLC is a leading Russian real estate developer and construction company focused on residential properties for the middle class, operating through three main segments: Residential Development, which constructs apartments, built-in premises, and parking spaces; Construction Services, providing general contracting for third parties; and Other Operations, including sales of construction materials, standalone commercial premises, and property management services. Founded in 1987 and headquartered in Nicosia, Cyprus, the company delivers high-quality housing with integrated infrastructure across Moscow and the Moscow region, St. Petersburg, and 10 additional regions including Omsk, Novosibirsk, Ekaterinburg, Tyumen, Kazan, Rostov, and Leningrad, with plans to expand to 15 regions by 2026; it maintains an integrated business model encompassing land acquisition, design, construction, sales, and post-sale maintenance, supported by over 6,000 employees and a project portfolio exceeding 5.5 million square meters of unsold net sellable area valued at RUB 305 billion. Recent developments include the 2024 launch of operations in Rostov and Leningrad regions, initiation of sales for the premium-class LDM residential complex in St. Petersburg, record new contract sales of 699 thousand sqm worth RUB 146.2 billion, revenue of RUB 131 billion, and EBITDA of RUB 27.6 billion, alongside acquisition of a 35% stake in UK-based QB Technology for modular construction innovation, approval of redomiciliation to Russia, and receipt of a credit rating from S&P Global Ratings.