NOVATEK: PAO NOVATEK : NOVATEK Announces Financial Results for the Year Ended 31 December 2024

Press Releases and Events NOVATEK Announces Financial Results for the Year Ended 31 December 2024 Moscow, 12 February 2025. PAO NOVATEK ("NOVATEK" and/or the "Company") reported today disclosable consolidated financial statements for the year ended 31 December 2024. In 2024, our total revenues and Normalized EBITDA, including our share in the EBITDA of joint ventures, amounted to RR 1,546 billion and RR 1,008 billion, respectively, representing increases of 12.7% and 13.2% as compared to 2023. Normalized profit attributable to shareholders of PAO NOVATEK, excluding the effect of foreign exchange gains (losses), amounted to RR 553.4 billion in 2024, which is 4.6% higher as compared to 2023. Net cash provided by operating activities of the Group amounted to RR 357.1 billion in 2024, representing a decrease of 17.6% compared to 2023. Our cash used for capital expenditures amounted to RR 193.0 billion in 2024, which is 13.8% lower than in 2023. Key performance indicators (in millions of Russian roubles except as stated) FY 2024 FY 2023 Financial results Total revenues 1,545,851 1,371,508 Operating expenses (1,175,881) (1,056,407) Normalized EBITDA 1,007,614 889,835 Profit attributable to shareholders of PAO NOVATEK 493,491 463,031 Normalized profit attributable to shareholders of PAO NOVATEK, excluding the effect of foreign exchange gains (losses) 553,402 529,088 Non-current assets 3,105,657 2,656,935 Non-current liabilities 397,700 311,916 Net debt 141,607 9,244 Production volumes Hydrocarbons production (million barrels of oil equivalent) 667 645 Daily production (million barrels of oil equivalent per day) 1,82 1,77 Cash flow results Net cash provided by operating activities 35 7 ,142 433,316 Cash used for capital expenditures 192,970 223,797 Disclosable consolidated financial statements of PAO NOVATEK and the notes thereto are available on the Company's web site ( www.novatek.ru/en/ ). PAO NOVATEK is one of the largest independent natural gas producers in Russia, and in 2017, entered the global LNG market by successfully launching the Yamal LNG project. Founded in 1994, the Company is engaged in the exploration, production, processing and marketing of natural gas and liquid hydrocarbons. Upstream activities of the Company's subsidiaries and joint ventures are concentrated mainly in the prolific Yamal-Nenets Autonomous Area, which is the world's largest natural gas producing area and accounts for approximately 80% of Russia's natural gas production and approximately 15% of the world's gas production. NOVATEK is a public joint stock company established under the laws of the Russian Federation. To news Attachments Original document Permalink Disclaimer OAO Novatek published this content on February 12, 2025 , and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on February 12, 2025 at 07:17:25.653 . Moscow, 12 February 2025. PAO NOVATEK ("NOVATEK" and/or the "Company") reported today disclosable consolidated financial statements for the year ended 31 December 2024. In 2024, our total revenues and Normalized EBITDA, including our share in the EBITDA of joint ventures, amounted to RR 1,546 billion and RR 1,008 billion, respectively, representing increases of 12.7% and 13.2% as compared to 2023. Normalized profit attributable to shareholders of PAO NOVATEK, excluding the effect of foreign exchange gains (losses), amounted to RR 553.4 billion in 2024, which is 4.6% higher as compared to 2023. Net cash provided by operating activities of the Group amounted to RR 357.1 billion in 2024, representing a decrease of 17.6% compared to 2023. Our cash used for capital expenditures amounted to RR 193.0 billion in 2024, which is 13.8% lower than in 2023. Key performance indicators (in millions of Russian roubles except as stated) FY 2024 FY 2023 Financial results Total revenues 1,545,851 1,371,508 Operating expenses (1,175,881) (1,056,407) Normalized EBITDA 1,007,614 889,835 Profit attributable to shareholders of PAO NOVATEK 493,491 463,031 Normalized profit attributable to shareholders of PAO NOVATEK, excluding the effect of foreign exchange gains (losses) 553,402 529,088 Non-current assets 3,105,657 2,656,935 Non-current liabilities 397,700 311,916 Net debt 141,607 9,244 Production volumes Hydrocarbons production (million barrels of oil equivalent) 667 645 Daily production (million barrels of oil equivalent per day) 1,82 1,77 Cash flow results Net cash provided by operating activities 35 7 ,142 433,316 Cash used for capital expenditures 192,970 223,797 Disclosable consolidated financial statements of PAO NOVATEK and the notes thereto are available on the Company's web site ( www.novatek.ru/en/ ). PAO NOVATEK is one of the largest independent natural gas producers in Russia, and in 2017, entered the global LNG market by successfully launching the Yamal LNG project. Founded in 1994, the Company is engaged in the exploration, production, processing and marketing of natural gas and liquid hydrocarbons. Upstream activities of the Company's subsidiaries and joint ventures are concentrated mainly in the prolific Yamal-Nenets Autonomous Area, which is the world's largest natural gas producing area and accounts for approximately 80% of Russia's natural gas production and approximately 15% of the world's gas production. NOVATEK is a public joint stock company established under the laws of the Russian Federation. Attachments Original document Permalink Disclaimer OAO Novatek published this content on February 12, 2025 , and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on February 12, 2025 at 07:17:25.653 .