1. Russian Federation Stocks

  2. •

    Utilities

  3. •

    Electric utilities
Rosseti Severo-Zapad

Rosseti Severo-Zapad

MMOEX:MRKZ
0.14
RUB
+0.00
(-1.47%)
7.94P/E
Rosseti Severo-Zapad
MOEX:MRKZ
(Russian Exchange)

Recent

price

0.14

P/E

ratio

7.94

div

yld

- -

ROIC.AI

2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
RUB
0.3
0.35
0.35
0.47
0.49
0.44
0.48
0.5
0.67
0.51
0.5
0.52
0.5
0.56
0.65
0.85
0.74
Revenue per Share
- -
0.01
- -
- -
-0.02
0.01
0.01
-0.02
0.01
0.01
-0.01
-0.01
- -
-0.01
0.02
0.05
0.01
Basic EPS, GAAP
0.01
-0.01
-0.06
-0.06
0.02
0.01
0.01
- -
-0.01
0.01
- -
- -
0.01
0.04
0.08
-0.02
0.07
Free Cash Flow per Basic Share
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Dividend per Share
0.22
0.23
0.23
0.23
0.21
0.21
0.22
0.19
0.2
0.21
0.19
0.18
0.18
0.18
0.2
0.25
0.21
Book Value per Share
0.22
0.23
0.23
0.23
0.21
0.21
0.22
0.19
0.2
0.2
0.19
0.18
0.18
0.17
0.18
0.24
0.2
Tangible Book Value per Share
95,786
95,786
95,786
95,786
95,786
95,786
95,786
95,786
95,786
95,786
95,786
95,786
95,786
95,786
95,786
95,749
95,891
Basic Weighted Avg Shares
28,900
33,288
33,419
44,615
46,935
42,370
45,541
47,630
64,623
48,885
47,972
50,066
48,047
53,407
62,377
81,307
71,012
Sales/Revenue/Turnover
-0.55
8.14
6.16
4.76
5.07
5.93
6.24
-5.62
2.86
4.63
-0.05
2.82
5.28
3.44
2.28
5.68
2.67
Operating Margin (%)
2,577
2,786
3,083
3,576
4,092
4,001
3,990
4,109
4,306
4,587
4,784
4,646
4,932
4,910
4,995
5,751
5,229
Depreciation Expense
-313
802
396
387
-2,217
815
585
-2,172
1,146
1,081
-1,141
-883
-259
-551
1,787
5,156
1,083
Net Income, GAAP
- -
35.98
22.01
43.44
- -
24.55
23.18
- -
27.13
22.73
- -
- -
- -
- -
56.27
23.54
39.79
Effective Tax Rate (%)
-1.08
2.41
1.19
0.87
-4.72
1.92
1.28
-4.56
1.77
2.21
-2.38
-1.76
-0.54
-1.03
2.87
6.34
1.53
Profit Margin (%)
983
921
2,253
4,130
2,065
-1,534
4,012
-7,709
-9,914
-7,043
-12,100
-6,935
-14,265
-13,346
-8,778
-892
-5,818
Working Capital
4,373
6,148
10,629
13,953
14,913
9,941
14,319
8,522
8,517
12,804
8,521
12,976
5,474
2,838
3,248
9,225
7,195
LT Debt
20,805
21,672
21,966
22,118
19,859
20,562
20,783
18,237
19,345
19,811
18,584
17,707
17,426
16,967
18,807
23,900
20,533
Total Equity
- -
6.37
5.24
3.31
- -
4.98
6.12
- -
4.92
6.11
- -
- -
- -
- -
1.83
8.84
3.29
Return on Invested Capital (%)
- -
3.7
2.72
2.8
- -
6.25
5.52
- -
6.14
5.86
- -
- -
- -
- -
9.11
19.69
8.7
Return on Capital (%)
-1.49
3.78
1.82
1.75
-10.56
4.03
2.83
-11.13
6.1
5.52
-5.94
-4.87
-1.48
-3.2
9.99
24.15
5.35
Return on Common Equity (%)

Capital Structure

RUB

•

in mil. unless spec.
Dec'24
Mar'25
Jun'25
ST Debt
12,647
11,104
7,914
LT Borrowings
1,951
1,151
6,127
LT Finance Leases
1,297
1,333
1,068
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
95,786
95,786
95,786
Market Capitalization
5,273
6,145
8,587

Working Capital

RUB

•

in mil. unless spec.
Dec'24
Mar'25
Jun'25
Total Current Assets
19,899
19,635
19,821
Cash, Cash Equivalents & STI
10,232
8,731
9,744
Accounts Receivable, Net
5,882
5,587
4,053
Inventories
1,679
2,097
2,328
Total Current Liabilities
28,677
27,745
25,639
Payables & Accruals
- -
- -
- -
ST Debt
12,647
11,104
7,914
Deferred Revenue
- -
- -
- -

Growth Rates

RUB

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
2.01%
5.8%
27.08%
Free Cash Flow
-113.82%
-46.18%
-130.28%
Net Income, GAAP
-108.04%
-43.32%
188.46%
Sales/Revenue/Turnover
8.02%
11.73%
30.35%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

RUB

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
15,826
13,771
14,068
18,713
62,377
2025
20,851
17,380
- -
- -
81,307
2026
- -
19,583
- -
- -
- -

Quarterly Earnings Per Share

RUB

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.03
- -
-0.01
- -
0.02
2025
0.02
- -
- -
- -
0.05
2026
- -
0.01
- -
- -
- -

Quarterly Dividends Per Share

RUB

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
- -
2025
- -
- -
- -
- -
- -
2026
- -
- -
- -
- -
- -
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Business
PJSC Rosseti North-West operates as a major electricity transmission and distribution company in Russia's North-Western Federal District, managing the distribution grid complex across seven territories including Arkhangelsk, Vologda, Murmansk, Novgorod, and Pskov regions as well as the republics of Karelia and Komi; it provides services for electricity transmission, distribution, technological connection of consumers to power grids, and energy retail to end consumers through a network spanning 1.4 million square kilometers serving approximately 5.8 million people, with 177,310 kilometers of overhead and cable power transmission lines, 1,191 substations of 35 kV and higher voltage, and an installed transformer capacity of 19,670 MVA. The company maintains seven branches—Arkhangelsky, Komi Republic, Vologodsky, Novgorodsky, Pskovsky, Karelsky, and Murmansky—employs around 15,000 people, and reports revenue of roughly 63 billion rubles with net income varying between 1.8 billion rubles profit in recent periods and prior losses. Headquartered in Saint Petersburg and founded through the 2008 consolidation of regional grid entities like Arkhenergo, Karelenergo, Kolenergo, Komienergo, Vologdaenergo, Novgorodenergo, and Pskovenergo under the RAO UES restructuring, it functions as a subsidiary of PJSC Rosseti, which holds a majority stake exceeding 55 percent. Recent developments include the publication of consolidated financial statements under IFRS for the nine months ended September 30, 2025, reflecting revenue growth to 56.12 billion rubles (up 34 percent year-over-year) alongside a decline in net profit to 0.87 billion rubles; designation as a system-forming territorial grid operator in its seven regions for 2025-2029; achievement of third place in the Moscow Exchange's 2024 annual report competition for its comprehensive reporting; and participation in the Rosseti Group's expansive 2025 investment program totaling around 700 billion rubles focused on distribution grid modernization, digital transformation, and enhanced reliability amid ongoing tariff regulations aligned with inflation.