Zvezda PAO
MOEX:ZVEZ
Income Statement
Earnings Waterfall
Zvezda PAO
Income Statement
Zvezda PAO
| Dec-2003 | Mar-2004 | Jun-2004 | Sep-2004 | Dec-2004 | Mar-2005 | Jun-2005 | Sep-2005 | Dec-2005 | Mar-2006 | Jun-2006 | Sep-2006 | Dec-2006 | Mar-2007 | Jun-2007 | Sep-2007 | Dec-2007 | Mar-2008 | Jun-2008 | Sep-2008 | Dec-2008 | Mar-2009 | Jun-2009 | Sep-2009 | Dec-2009 | Mar-2010 | Jun-2010 | Sep-2010 | Dec-2010 | Mar-2011 | Jun-2011 | Sep-2011 | Dec-2011 | Mar-2012 | Jun-2012 | Sep-2012 | Dec-2012 | Mar-2013 | Jun-2013 | Sep-2013 | Dec-2013 | Mar-2014 | Jun-2014 | Sep-2014 | Dec-2014 | Mar-2015 | Jun-2015 | Sep-2015 | Dec-2015 | Mar-2016 | Jun-2016 | Sep-2016 | Dec-2016 | Mar-2017 | Jun-2017 | Sep-2017 | Dec-2017 | Mar-2018 | Jun-2018 | Sep-2018 | Dec-2018 | Mar-2019 | Jun-2019 | Sep-2019 | Dec-2019 | Mar-2020 | Jun-2020 | Sep-2020 | Dec-2020 | Mar-2021 | Jun-2021 | Sep-2021 | Mar-2022 | Sep-2024 | Dec-2024 | Mar-2025 | Jun-2025 | Sep-2025 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Interest Expense |
11
|
13
|
15
|
17
|
18
|
19
|
20
|
21
|
22
|
22
|
22
|
22
|
22
|
21
|
23
|
22
|
23
|
26
|
26
|
28
|
31
|
34
|
35
|
34
|
33
|
29
|
26
|
22
|
19
|
18
|
19
|
24
|
28
|
31
|
33
|
34
|
33
|
34
|
35
|
36
|
39
|
39
|
34
|
32
|
30
|
32
|
34
|
31
|
26
|
23
|
21
|
23
|
24
|
23
|
18
|
13
|
11
|
12
|
20
|
36
|
56
|
79
|
94
|
90
|
86
|
80
|
83
|
100
|
103
|
113
|
123
|
138
|
144
|
84
|
0
|
0
|
0
|
0
|
|
| Revenue |
591
N/A
|
606
+3%
|
640
+6%
|
669
+4%
|
644
-4%
|
687
+7%
|
670
-2%
|
669
0%
|
812
+21%
|
745
-8%
|
763
+2%
|
825
+8%
|
920
+12%
|
944
+3%
|
1 135
+20%
|
1 042
-8%
|
872
-16%
|
874
+0%
|
676
-23%
|
781
+16%
|
947
+21%
|
934
-1%
|
973
+4%
|
835
-14%
|
905
+8%
|
1 146
+27%
|
1 226
+7%
|
1 461
+19%
|
1 356
-7%
|
1 075
-21%
|
971
-10%
|
844
-13%
|
845
+0%
|
937
+11%
|
1 107
+18%
|
1 161
+5%
|
1 441
+24%
|
1 589
+10%
|
1 483
-7%
|
1 476
0%
|
1 375
-7%
|
1 319
-4%
|
1 438
+9%
|
1 342
-7%
|
1 357
+1%
|
1 305
-4%
|
1 302
0%
|
1 470
+13%
|
1 298
-12%
|
1 221
-6%
|
1 291
+6%
|
1 396
+8%
|
1 466
+5%
|
1 731
+18%
|
1 621
-6%
|
1 759
+9%
|
2 131
+21%
|
2 035
-5%
|
2 042
+0%
|
1 601
-22%
|
1 135
-29%
|
1 311
+16%
|
1 803
+37%
|
2 246
+25%
|
2 185
-3%
|
2 130
-3%
|
1 675
-21%
|
1 463
-13%
|
2 059
+41%
|
2 071
+1%
|
2 370
+14%
|
2 385
+1%
|
1 642
-31%
|
339
-79%
|
3 553
+947%
|
2 902
-18%
|
3 501
+21%
|
3 541
+1%
|
|
| Gross Profit | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Cost of Revenue |
(485)
|
(510)
|
(542)
|
(566)
|
(566)
|
(585)
|
(597)
|
(613)
|
(719)
|
(679)
|
(691)
|
(728)
|
(770)
|
(791)
|
(976)
|
(968)
|
(855)
|
(858)
|
(629)
|
(645)
|
(855)
|
(855)
|
(957)
|
(896)
|
(769)
|
(923)
|
(868)
|
(965)
|
(947)
|
(771)
|
(873)
|
(878)
|
(868)
|
(991)
|
(1 092)
|
(1 214)
|
(1 355)
|
(1 585)
|
(1 489)
|
(1 374)
|
(1 359)
|
(1 220)
|
(1 259)
|
(1 220)
|
(1 390)
|
(1 307)
|
(1 449)
|
(1 725)
|
(1 519)
|
(1 407)
|
(1 380)
|
(1 369)
|
(1 462)
|
(1 572)
|
(1 459)
|
(1 617)
|
(2 102)
|
(2 034)
|
(2 110)
|
(1 601)
|
(1 258)
|
(1 461)
|
(2 091)
|
(2 307)
|
(2 336)
|
(2 289)
|
(1 775)
|
(1 640)
|
(2 666)
|
(2 380)
|
(2 413)
|
(2 821)
|
(1 865)
|
(369)
|
(2 892)
|
(2 228)
|
(2 790)
|
(2 719)
|
|
| Gross Profit |
106
N/A
|
97
-9%
|
98
+1%
|
103
+5%
|
79
-24%
|
103
+30%
|
73
-28%
|
56
-24%
|
93
+66%
|
66
-29%
|
72
+9%
|
97
+34%
|
150
+55%
|
153
+2%
|
159
+4%
|
74
-53%
|
17
-77%
|
16
-5%
|
46
+188%
|
136
+193%
|
92
-32%
|
78
-15%
|
16
-80%
|
(61)
N/A
|
136
N/A
|
222
+64%
|
358
+61%
|
496
+39%
|
409
-18%
|
304
-26%
|
98
-68%
|
(34)
N/A
|
(23)
+32%
|
(55)
-136%
|
15
N/A
|
(53)
N/A
|
87
N/A
|
4
-95%
|
(6)
N/A
|
102
N/A
|
16
-84%
|
100
+520%
|
179
+79%
|
122
-32%
|
(33)
N/A
|
(2)
+94%
|
(148)
-7 674%
|
(256)
-73%
|
(221)
+14%
|
(186)
+16%
|
(89)
+52%
|
27
N/A
|
4
-86%
|
160
+4 186%
|
162
+1%
|
142
-13%
|
29
-79%
|
1
-97%
|
(68)
N/A
|
0
N/A
|
(123)
N/A
|
(150)
-22%
|
(288)
-92%
|
(61)
+79%
|
(151)
-146%
|
(160)
-6%
|
(100)
+38%
|
(177)
-78%
|
(607)
-243%
|
(310)
+49%
|
(43)
+86%
|
(437)
-911%
|
(223)
+49%
|
(30)
+87%
|
662
N/A
|
674
+2%
|
711
+6%
|
822
+16%
|
|
| Operating Income | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Operating Expenses |
(16)
|
(16)
|
(19)
|
(20)
|
(20)
|
(10)
|
(11)
|
(11)
|
(67)
|
(44)
|
(43)
|
(65)
|
(0)
|
(7)
|
(13)
|
6
|
(46)
|
(44)
|
(38)
|
(53)
|
(69)
|
(91)
|
(79)
|
(65)
|
(63)
|
(56)
|
(104)
|
(109)
|
(101)
|
(78)
|
(42)
|
(53)
|
53
|
43
|
34
|
38
|
(37)
|
(43)
|
(39)
|
(35)
|
50
|
52
|
59
|
271
|
147
|
167
|
166
|
(68)
|
(69)
|
(90)
|
(97)
|
(67)
|
(55)
|
38
|
23
|
91
|
(59)
|
5
|
29
|
269
|
(130)
|
192
|
167
|
(142)
|
(113)
|
(201)
|
(231)
|
(578)
|
(207)
|
(684)
|
(806)
|
(619)
|
(559)
|
(258)
|
(977)
|
(395)
|
(704)
|
(705)
|
|
| Selling, General & Administrative |
(8)
|
(10)
|
(13)
|
(14)
|
(16)
|
(15)
|
(16)
|
(17)
|
(28)
|
(27)
|
(28)
|
(43)
|
(39)
|
(41)
|
(72)
|
(36)
|
(39)
|
(42)
|
(4)
|
(29)
|
(22)
|
(17)
|
(17)
|
(11)
|
(21)
|
(28)
|
(39)
|
(42)
|
(30)
|
(22)
|
(11)
|
(8)
|
(7)
|
(9)
|
(8)
|
(8)
|
(5)
|
(3)
|
(5)
|
(8)
|
(16)
|
(19)
|
(18)
|
(16)
|
(9)
|
(7)
|
(7)
|
(6)
|
(4)
|
(12)
|
(12)
|
(12)
|
(27)
|
(3)
|
(4)
|
(5)
|
(25)
|
(11)
|
(10)
|
(9)
|
(4)
|
(4)
|
(4)
|
(4)
|
(2)
|
(126)
|
(175)
|
(428)
|
18
|
(450)
|
(542)
|
(452)
|
(476)
|
(204)
|
(814)
|
(679)
|
(927)
|
(936)
|
|
| Depreciation & Amortization |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(31)
|
(8)
|
(9)
|
(17)
|
|
| Other Operating Expenses |
(9)
|
(7)
|
(6)
|
(6)
|
(4)
|
5
|
5
|
7
|
(39)
|
(17)
|
(15)
|
(22)
|
39
|
34
|
59
|
42
|
(7)
|
(2)
|
(34)
|
(23)
|
(47)
|
(73)
|
(61)
|
(54)
|
(43)
|
(29)
|
(65)
|
(68)
|
(71)
|
(56)
|
(31)
|
(45)
|
61
|
52
|
43
|
46
|
(33)
|
(40)
|
(35)
|
(27)
|
66
|
70
|
77
|
286
|
156
|
174
|
173
|
(62)
|
(65)
|
(78)
|
(85)
|
(55)
|
(28)
|
42
|
28
|
96
|
(34)
|
16
|
39
|
277
|
(126)
|
196
|
171
|
(138)
|
(111)
|
(75)
|
(55)
|
(151)
|
(225)
|
(234)
|
(264)
|
(167)
|
(83)
|
(54)
|
(132)
|
292
|
232
|
248
|
|
| Operating Income |
89
N/A
|
80
-11%
|
79
-1%
|
83
+5%
|
59
-29%
|
93
+58%
|
63
-32%
|
45
-28%
|
26
-43%
|
22
-14%
|
29
+29%
|
32
+11%
|
150
+370%
|
146
-2%
|
146
0%
|
80
-45%
|
(29)
N/A
|
(27)
+6%
|
8
N/A
|
83
+905%
|
23
-73%
|
(13)
N/A
|
(62)
-399%
|
(126)
-102%
|
72
N/A
|
166
+130%
|
254
+53%
|
387
+52%
|
308
-20%
|
227
-26%
|
56
-75%
|
(86)
N/A
|
30
N/A
|
(11)
N/A
|
49
N/A
|
(16)
N/A
|
50
N/A
|
(39)
N/A
|
(45)
-14%
|
67
N/A
|
67
0%
|
152
+128%
|
238
+57%
|
393
+65%
|
114
-71%
|
166
+45%
|
19
-89%
|
(324)
N/A
|
(290)
+10%
|
(277)
+4%
|
(186)
+33%
|
(40)
+79%
|
(51)
-30%
|
198
N/A
|
186
-6%
|
233
+25%
|
(29)
N/A
|
5
N/A
|
(39)
N/A
|
269
N/A
|
(253)
N/A
|
42
N/A
|
(121)
N/A
|
(203)
-68%
|
(264)
-30%
|
(361)
-37%
|
(330)
+8%
|
(755)
-129%
|
(814)
-8%
|
(994)
-22%
|
(849)
+15%
|
(1 056)
-24%
|
(782)
+26%
|
(287)
+63%
|
(315)
-10%
|
278
N/A
|
7
-97%
|
117
+1 568%
|
|
| Pre-Tax Income | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Interest Income Expense |
(6)
|
(8)
|
(10)
|
(12)
|
(18)
|
(19)
|
(20)
|
(21)
|
(22)
|
(22)
|
(22)
|
(22)
|
(22)
|
(21)
|
(22)
|
(21)
|
(22)
|
(25)
|
(26)
|
(28)
|
(31)
|
(34)
|
(35)
|
(34)
|
(32)
|
(29)
|
(23)
|
(17)
|
(12)
|
(10)
|
(13)
|
(21)
|
(25)
|
(28)
|
(31)
|
(31)
|
(32)
|
(33)
|
(34)
|
(35)
|
(39)
|
(39)
|
(35)
|
(32)
|
(30)
|
(32)
|
(34)
|
(31)
|
(25)
|
(19)
|
(15)
|
(15)
|
(10)
|
(17)
|
(7)
|
3
|
(7)
|
3
|
(13)
|
(35)
|
(56)
|
(79)
|
(94)
|
(89)
|
(86)
|
(79)
|
(83)
|
(100)
|
(98)
|
(113)
|
(123)
|
(138)
|
(144)
|
(84)
|
(358)
|
(262)
|
(358)
|
(365)
|
|
| Non-Reccuring Items |
0
|
0
|
0
|
0
|
9
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
79
|
0
|
0
|
0
|
78
|
0
|
0
|
0
|
336
|
0
|
0
|
0
|
8
|
0
|
0
|
0
|
2
|
0
|
0
|
0
|
0
|
0
|
356
|
0
|
2
|
4
|
|
| Total Other Income |
(17)
|
(19)
|
(23)
|
(25)
|
(28)
|
(25)
|
(16)
|
(17)
|
0
|
(21)
|
(22)
|
(15)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
| Pre-Tax Income |
66
N/A
|
54
-19%
|
46
-15%
|
46
+1%
|
22
-53%
|
48
+122%
|
27
-44%
|
8
-71%
|
4
-56%
|
(21)
N/A
|
(14)
+30%
|
(5)
+64%
|
128
N/A
|
126
-2%
|
124
-1%
|
59
-53%
|
(51)
N/A
|
(52)
-3%
|
(18)
+66%
|
55
N/A
|
(9)
N/A
|
(47)
-428%
|
(97)
-109%
|
(160)
-64%
|
40
N/A
|
137
+244%
|
231
+68%
|
370
+60%
|
296
-20%
|
217
-27%
|
43
-80%
|
(107)
N/A
|
6
N/A
|
(40)
N/A
|
18
N/A
|
(47)
N/A
|
18
N/A
|
(72)
N/A
|
(79)
-9%
|
32
N/A
|
28
-11%
|
113
+305%
|
204
+80%
|
361
+77%
|
84
-77%
|
134
+60%
|
(16)
N/A
|
(355)
-2 144%
|
(314)
+11%
|
(296)
+6%
|
(200)
+32%
|
(54)
+73%
|
17
N/A
|
182
+975%
|
179
-2%
|
236
+32%
|
42
-82%
|
8
-81%
|
(52)
N/A
|
234
N/A
|
27
-88%
|
(38)
N/A
|
(215)
-471%
|
(292)
-36%
|
(342)
-17%
|
(439)
-28%
|
(413)
+6%
|
(855)
-107%
|
(910)
-6%
|
(1 107)
-22%
|
(972)
+12%
|
(1 194)
-23%
|
(926)
+22%
|
(371)
+60%
|
(317)
+15%
|
17
N/A
|
(350)
N/A
|
(244)
+30%
|
|
| Net Income | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Tax Provision |
(27)
|
(27)
|
(29)
|
(29)
|
(15)
|
(19)
|
(10)
|
(6)
|
(10)
|
(16)
|
(15)
|
(12)
|
(38)
|
(27)
|
(28)
|
(24)
|
2
|
4
|
(12)
|
(25)
|
(5)
|
1
|
19
|
31
|
(20)
|
(38)
|
(60)
|
(88)
|
(72)
|
(55)
|
(18)
|
14
|
(5)
|
2
|
(11)
|
(2)
|
(17)
|
0
|
(0)
|
1
|
(18)
|
(39)
|
(55)
|
(63)
|
10
|
3
|
39
|
62
|
53
|
54
|
27
|
(2)
|
(17)
|
(60)
|
(57)
|
(69)
|
(27)
|
(11)
|
2
|
(27)
|
(40)
|
(7)
|
43
|
27
|
86
|
146
|
128
|
212
|
113
|
174
|
155
|
160
|
108
|
59
|
76
|
48
|
102
|
90
|
|
| Income from Continuing Operations |
39
|
27
|
17
|
17
|
7
|
29
|
17
|
2
|
(7)
|
(37)
|
(29)
|
(17)
|
91
|
99
|
96
|
35
|
(48)
|
(48)
|
(30)
|
30
|
(13)
|
(46)
|
(79)
|
(129)
|
20
|
99
|
171
|
282
|
224
|
162
|
25
|
(93)
|
0
|
(38)
|
8
|
(49)
|
1
|
(72)
|
(79)
|
33
|
10
|
74
|
149
|
298
|
94
|
137
|
23
|
(292)
|
(262)
|
(242)
|
(173)
|
(56)
|
0
|
122
|
122
|
167
|
14
|
(3)
|
(49)
|
206
|
(13)
|
(45)
|
(171)
|
(265)
|
(256)
|
(293)
|
(285)
|
(643)
|
(797)
|
(933)
|
(816)
|
(1 034)
|
(818)
|
(312)
|
(241)
|
64
|
(248)
|
(154)
|
|
| Net Income (Common) |
39
N/A
|
27
-31%
|
17
-38%
|
17
+3%
|
7
-58%
|
29
+301%
|
17
-41%
|
2
-89%
|
(7)
N/A
|
(37)
-440%
|
(29)
+20%
|
(17)
+43%
|
91
N/A
|
99
+9%
|
96
-3%
|
35
-64%
|
(48)
N/A
|
(48)
+1%
|
(30)
+39%
|
30
N/A
|
(13)
N/A
|
(46)
-241%
|
(79)
-73%
|
(129)
-63%
|
20
N/A
|
99
+388%
|
171
+72%
|
282
+65%
|
224
-20%
|
162
-28%
|
25
-85%
|
(93)
N/A
|
0
N/A
|
(38)
N/A
|
8
N/A
|
(49)
N/A
|
1
N/A
|
(72)
N/A
|
(79)
-10%
|
33
N/A
|
10
-69%
|
74
+621%
|
149
+102%
|
298
+101%
|
94
-68%
|
137
+45%
|
23
-83%
|
(292)
N/A
|
(262)
+11%
|
(242)
+7%
|
(173)
+29%
|
(56)
+68%
|
0
N/A
|
122
+108 918%
|
122
0%
|
167
+37%
|
14
-91%
|
(3)
N/A
|
(49)
-1 796%
|
14
N/A
|
(13)
N/A
|
(237)
-1 790%
|
(363)
-53%
|
(265)
+27%
|
(256)
+3%
|
(293)
-14%
|
(285)
+3%
|
(643)
-126%
|
(797)
-24%
|
(933)
-17%
|
(816)
+13%
|
(1 034)
-27%
|
(818)
+21%
|
(312)
+62%
|
(241)
+23%
|
64
N/A
|
(248)
N/A
|
(154)
+38%
|
|
| EPS (Diluted) |
0.07
N/A
|
0.04
-43%
|
0.03
-25%
|
0.03
N/A
|
0.01
-67%
|
0.05
+400%
|
0.02
-60%
|
0
N/A
|
-0.01
N/A
|
-0.06
-500%
|
-0.04
+33%
|
-0.02
+50%
|
0.16
N/A
|
0.18
+12%
|
0.17
-6%
|
0.06
-65%
|
-0.09
N/A
|
-0.09
N/A
|
-0.05
+44%
|
0.06
N/A
|
-0.02
N/A
|
-0.07
-250%
|
-0.13
-86%
|
-0.22
-69%
|
0.04
N/A
|
0.19
+375%
|
0.31
+63%
|
0.5
+61%
|
0.4
-20%
|
0.29
-28%
|
0.05
-83%
|
-0.16
N/A
|
0
N/A
|
-0.07
N/A
|
0.01
N/A
|
-0.09
N/A
|
0
N/A
|
-0.13
N/A
|
-0.14
-8%
|
0.06
N/A
|
0.02
-67%
|
0.13
+550%
|
0.26
+100%
|
0.53
+104%
|
0.17
-68%
|
0.25
+47%
|
0.05
-80%
|
-0.51
N/A
|
-0.47
+8%
|
-0.43
+9%
|
-0.31
+28%
|
-0.1
+68%
|
0
N/A
|
0.22
N/A
|
0.22
N/A
|
0.3
+36%
|
0.03
-90%
|
0
N/A
|
-0.08
N/A
|
0.03
N/A
|
-0.02
N/A
|
-0.42
-2 000%
|
-0.65
-55%
|
-0.47
+28%
|
-0.46
+2%
|
-0.52
-13%
|
-0.51
+2%
|
-1.14
-124%
|
-1.42
-25%
|
-1.66
-17%
|
-1.45
+13%
|
-1.84
-27%
|
-1.46
+21%
|
-0.56
+62%
|
-0.43
+23%
|
0.11
N/A
|
-0.44
N/A
|
-0.27
+39%
|
|