PJSC Positive Group

PJSC Positive Group

MMOEX:POSI
1,145.80
RUB
+7.00
(+0.61%)
37.50P/E
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
TTM
Revenue per Share
- -
42.95
57.51
92.17
294.12
208.71
229.24
Basic EPS, GAAP
-0.01
5.31
2.68
25.2
79.56
92.25
63.23
Free Cash Flow per Basic Share
- -
-4.34
5.24
3.67
33.72
35.99
43.74
Dividend per Share
- -
- -
- -
- -
38.77
19.56
5.16
Book Value per Share
0.54
14.15
16.83
42.03
58.38
125.73
71.27
Tangible Book Value per Share
0.54
-23.82
-31
-16.87
-13.72
47.32
-33.1
Basic Weighted Avg Shares
60
60
60
60
24
66
66
Sales/Revenue/Turnover
- -
2,577
3,451
5,530
7,076
13,775
15,130
Operating Margin (%)
- -
18.22
9.2
30.15
29.42
45.24
29.23
Depreciation Expense
- -
228
393
520
623
735
888
Net Income, GAAP
- -
319
161
1,512
1,914
6,088
4,173
Effective Tax Rate (%)
- -
16.41
21.04
3.96
5.63
0.04
4.77
Profit Margin (%)
- -
12.37
4.65
27.34
27.05
44.2
27.58
Working Capital
2
-844
-1,049
-218
-235
5,328
-277
LT Debt
- -
647
1,051
1,039
894
2,851
2,819
Total Equity
33
848
1,010
2,523
3,503
8,298
4,704
Return on Invested Capital (%)
- -
32.66
10.46
48.92
38.95
64.74
47.01
Return on Capital (%)
- -
33.25
10.53
51.14
40.87
65.98
49.15
Return on Common Equity (%)
- -
72.36
17.27
85.61
63.54
103.18
89.55

Capital Structure

RUB

•

in mil. unless spec.
Mar'23
Jun'23
Sep'23
ST Debt
1,852
1,733
1,442
LT Borrowings
2,625
2,625
2,625
LT Finance Leases
263
229
194
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
66
66
66
Market Capitalization
113,309
131,908
156,512

Working Capital

RUB

•

in mil. unless spec.
Mar'23
Jun'23
Sep'23
Total Current Assets
8,987
4,742
5,347
Cash, Cash Equivalents & STI
7,463
1,900
1,382
Accounts Receivable, Net
1,080
2,376
3,407
Inventories
114
141
143
Total Current Liabilities
4,937
5,036
5,624
Payables & Accruals
- -
- -
- -
ST Debt
1,852
1,733
1,442
Deferred Revenue
- -
- -
- -

Growth Rates

RUB

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
- -
569.66%
136.9%
Free Cash Flow
- -
- -
192.84%
Net Income, GAAP
- -
-14,854.59%
218.07%
Sales/Revenue/Turnover
- -
- -
94.67%
Total Cash Common Dividend
- -
- -
38.41%

Quarterly Revenue

RUB

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2021
929
1,037
1,289
- -
7,076
2022
1,389
2,119
3,500
6,767
13,775
2023
1,538
3,158
3,667
- -
- -

Quarterly Earnings Per Share

RUB

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2021
-0.17
-2.83
4.09
- -
79.56
2022
2.21
3.57
25.55
- -
92.25
2023
-7.12
1.24
8.19
- -
- -

Quarterly Dividends Per Share

RUB

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2021
9.88
- -
- -
- -
38.77
2022
- -
- -
- -
- -
19.56
2023
- -
- -
- -
- -
- -

Company Description

CEO
Denis Sergeyevich Baranov
Full Time Employees
3,160
Sector
Finance
Industry
Financial conglomerates
Address
8 Preobrazhenskaya Square Moscow Russian Federation 107061
IPO Date
Jul 10, 2025
Business
PJSC Positive Group (POSI.ME), founded in 1998 and headquartered in Moscow, Russia, develops, markets, and supports a comprehensive portfolio of cybersecurity software products and services focused on result-driven protection against cyberattacks for corporate IT infrastructure, industrial systems, web applications, and cloud environments; key offerings include meta-products such as MaxPatrol O2 for automated attack detection and prevention with minimal human involvement, MaxPatrol VM for vulnerability management, MaxPatrol SIEM for security event monitoring (ranked in the global top 20 by IDC), PT XDR for extended detection and response, PT Network Attack Discovery for network traffic analysis, PT Sandbox for malware protection, PT Application Firewall for web application security (named a Gartner Visionary), PT Application Inspector for vulnerability scanning, PT MultiScanner for virus threats, PT ISIM for industrial control systems, MaxPatrol 8 for infrastructure assessment, XSpider and PT BlackBox scanners; the company also provides expert services through its PT Expert Security Center including continuous security analysis (Pentest 360, APT emulation, red team exercises), incident detection/response/investigation, hardware vulnerability research, and consulting for SOC deployment. Positive Group operates primarily in Russia and neighboring countries with offices in Moscow, St. Petersburg, Nizhny Novgorod, Novosibirsk, Samara, Tomsk, and Nur-Sultan (Kazakhstan), serving approximately 4,000 organizations worldwide across industries like finance, energy, government, and manufacturing; it maintains a market share of 14.1% in Russia's cybersecurity market as of 2023, with sales growing faster than the sector's 23.6% CAGR. In recent developments, the company launched the commercial version of its next-generation firewall PT NGFW and meta-product MaxPatrol Carbon, achieved market capitalization exceeding 200 billion rubles on the Moscow Exchange (where shares trade exclusively under POSI since its pioneering 2021 direct listing and subsequent upgrades to the highest quotation list and key indices including IMOEX and RTS), reported 2023 revenue reflecting a 14.1% market share gain, and expanded international partnerships in regions like Egypt, India, Saudi Arabia, and the UAE while enhancing its research output with over 80 zero-day vulnerabilities discovered annually by its leading security research center.