Unipro PAO

Unipro PAO

MMOEX:UPRO
1.13
RUB
+0.00
(-0.13%)
4.10P/E
Feb 23Next Earn
2011 Y
2012 Y
2013 Y
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
TTM
Revenue per Share
1.05
1.19
1.25
1.23
1.22
1.24
1.21
1.23
1.27
1.19
1.4
1.68
- -
1.63
Basic EPS, GAAP
0.23
0.29
0.23
0.27
0.22
0.08
0.53
0.26
0.3
0.22
0.13
0.34
- -
0.33
Free Cash Flow per Basic Share
0.15
0.19
0.14
0.09
0.16
0.16
0.3
0.18
0.14
0.19
0.26
0.46
- -
- -
Dividend per Share
- -
0.05
0.29
0.38
0.28
0.31
0.22
0.22
0.22
0.22
0.32
- -
- -
- -
Book Value per Share
1.72
1.95
1.89
1.8
1.74
1.5
1.8
1.84
1.91
1.91
1.72
2.06
2.42
2.06
Tangible Book Value per Share
1.71
1.94
1.89
1.77
1.74
1.49
1.8
1.84
1.91
1.91
1.71
2.05
2.41
2.05
Basic Weighted Avg Shares
63,049
63,049
63,049
63,049
63,049
63,049
63,049
63,049
63,049
63,049
63,049
63,049
- -
65,067
Sales/Revenue/Turnover
66,089
75,023
78,781
77,693
76,706
78,032
76,522
77,777
80,280
75,317
88,129
105,799
118,632
105,799
Operating Margin (%)
26.74
27.91
23.39
24.01
19.04
20.48
26.94
26.99
29.1
26.38
24.96
32.3
30.41
32.23
Depreciation Expense
5,206
8,318
9,985
7,097
7,638
6,646
5,954
6,059
5,909
6,140
7,877
7,566
8,130
7,566
Net Income, GAAP
14,607
18,317
14,375
16,813
13,676
5,166
33,609
16,618
18,856
13,750
8,233
21,268
22,043
21,268
Effective Tax Rate (%)
19.7
20.02
18.99
19.35
20.84
28.44
17.97
18.72
18.22
19.25
20.01
19.18
20.13
19.18
Profit Margin (%)
22.1
24.42
18.25
21.64
17.83
6.62
43.92
21.37
23.49
18.26
9.34
20.1
18.58
20.1
Working Capital
25,782
36,255
31,623
15,129
9,905
1,477
12,182
8,087
4,672
3,041
879
31,010
57,377
31,010
LT Debt
- -
- -
- -
- -
- -
- -
- -
516
403
921
697
635
606
635
Total Equity
108,475
122,742
119,347
113,994
110,108
94,512
113,547
116,234
120,646
120,544
108,653
129,710
152,496
129,710
Return on Invested Capital (%)
13.91
14.44
12.4
13.1
10.48
11.28
16.52
15.13
16.37
13.53
15.07
22.21
19.85
22.17
Return on Capital (%)
14.51
15.93
11.92
14.35
12.24
5.13
32.06
14.51
15.89
11.38
7.13
17.64
15.67
17.64
Return on Common Equity (%)
14.42
15.84
11.88
14.45
12.25
5.06
32.34
14.46
15.92
11.4
7.18
17.84
15.62
17.84

Capital Structure

RUB

•

in mil. unless spec.
Jun'22
Sep'22
Dec'22
ST Debt
185
185
185
LT Borrowings
- -
- -
- -
LT Finance Leases
646
631
635
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
63,049
63,049
63,049
Market Capitalization
93,312
67,462
84,485

Working Capital

RUB

•

in mil. unless spec.
Jun'22
Sep'22
Dec'22
Total Current Assets
24,556
33,132
41,256
Cash, Cash Equivalents & STI
12,902
21,091
28,577
Accounts Receivable, Net
10,951
7,482
12,199
Inventories
4,652
4,559
4,632
Total Current Liabilities
8,252
9,458
10,246
Payables & Accruals
- -
- -
- -
ST Debt
185
185
185
Deferred Revenue
- -
- -
- -

Growth Rates

RUB

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
3.13%
6.16%
17.57%
Free Cash Flow
17.64%
16.64%
-40.15%
Net Income, GAAP
54.43%
21.65%
3.64%
Sales/Revenue/Turnover
4.5%
9.25%
12.13%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

RUB

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2021
21,500
20,601
21,623
24,406
88,129
2022
28,013
23,403
26,211
28,172
105,799
2023
- -
- -
- -
- -
118,632

Quarterly Earnings Per Share

RUB

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2021
0.06
- -
- -
- -
0.13
2022
-0.12
- -
- -
- -
0.34
2023
- -
- -
- -
- -
- -

Quarterly Dividends Per Share

RUB

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2021
- -
- -
- -
- -
0.32
2022
- -
- -
- -
- -
- -
2023
- -
- -
- -
- -
- -

Company Description

CEO
Maxim Gennadyevich Shirokov
Full Time Employees
4,355
Sector
Utilities
Industry
Electric utilities
Address
Building B Moscow MC Russian Federation 123112
IPO Date
Aug 15, 2006
Business
Public Joint-Stock Company Unipro (UPRO.ME) operates as a leading Russian thermal power generation company, focusing on the production and sale of electricity, capacity, and heat energy through five major power plants with a total installed capacity of approximately 11,300 megawatts. Its core assets include Surgutskaya GRES-2 (gas-fired, 5,600 MW), Berezovskaya GRES (lignite-fired, 2,400 MW), Shaturskaya GRES (gas-fired, 1,500 MW), Smolenskaya GRES (coal and gas, 1,000 MW), and Yaivinskaya GRES (coal and gas, 600 MW); the company sells output primarily on Russia's wholesale electricity and capacity market, while also providing distributed generation solutions and engineering services. Unipro serves industrial consumers, regional grids, and heat customers across key power zones in Russia, including Siberia, the Urals, Center, and Northwest regions. Founded in 2005 through the merger of generation assets previously part of RAO UES and headquartered in Surgut, Russia, Unipro historically operated as a subsidiary of Germany's Uniper SE, which held an 83.73% stake until significant ownership changes occurred. In April 2023, pursuant to Russian Presidential Decree No. 302, the Federal Agency for State Property Management (Rosimushchestvo) assumed temporary management of Uniper's shares in Unipro in response to Western asset seizures, marking a major shift in control that persists as of late 2025. This operational change has coincided with steady performance, including a 5.8% year-on-year increase in electricity generation to cover the first nine months of 2025 and a 48.8% rise in 2024 net profit. No major acquisitions, funding rounds, partnerships, or new product launches have been reported in the last 1-2 years; instead, the company has focused on maintenance amid service disruptions, such as General Electric's 2023 refusal to service combined-cycle gas turbine units at its plants. Unipro continues to prioritize efficient operations at its large-unit facilities, like the 800-810 MW blocks at Berezovskaya GRES and Surgutskaya GRES-2, supporting Russia's unified energy system reliability. The company explores developments in high-efficiency small- and medium-scale thermal power stations for industrial clients as part of its new business growth strategy.