俄铝二零二五年中期报告

二零二五年上半年 25% 1ALLOW INERTA Bernard Zonneveld KrasnoyarskBratsk 25 Evgenii Nikitin 2 76.52,5932,737 • 3.6%36.74.5%22.9 2.2%13.8 2.1%36.43%21.80.8%14.6500,000 11.1 2.2626.9%1.84081%4.6% 349365 23214018564.95 3 1,9241,9571.7% 740642 13.54%3.42.995 30%8 MRN(Mineracao Rio do Norte)Aughinish 6(+0.4%)Achinsk(AGK)14BogoslovskyBogoslovskyNorth Urals(SUBR)Sredne-Timansky 21.8%9.6687.940CBKDian Dian 0.3%1.9041.898AGK 50.953.65.0% KRAZ 31.2%8.3% 4.7%5% LLP Bogatyr Komir50%10.60310.3822.1% 4,5971,36929.8%5,96621.7%7.5%2,3602,5386.7%2,4472,610 19197.4%37753.1%28.9%589457 349.9%37634229.2%8.3%10.1% 56541.8%801103.8%45.1%16.3%35.2%47.5% 4,3851,72539.3%6,11021.7% 96%7.0%15.3% 1,4101,31018.8%23.0% EBITDA786748EBITDA 2427631.4%166181139 176408231.8%584 178174Norilsk Nickel Norilsk Nickel5,7154,585 11349BEMOBoguchanskoye Energy and Metals ComplexLLP Bogatyr KomirMegaBusiness and Alliance 125729 212164 87565 Norilsk NickelNorilsk Nickel (1)(2) EBITDA 4,4771363.0%4,341 1,4701369.3%1,606 1,535342.2%1,569 707 4,1664,321 Norilsk NickelNorilsk Nickel25%113 300001PC-05+3.7%2.568.2% 89001РС-01001PC-02 001PC-03001PC-043.75%2.5 650BO-001P-1210.90% 140001PC-06+3.5%2.5611.00% >200001PC-07+3.5%2.5660.511.00%139.59.73% >60BO-001P-013.75%2.5 112BO-001P-1412.0%212 47.9BO-05419.88.0% 20.7BO-0697.38.0% 888403 296528232707516 104695799 1,1231,32222 35.4%35.7% 0.7%4.7% 1.49.0 261270 1. 1.1. >>>>>>>> 1.2. >>>>>> 2. 2.1. >>>>> 2.2. > >LLC RUSAL > > > > 3. 3.1. SMART >>>>> 3.2. > >>> 111113 Kevin ParkerBernard ZonneveldAnnaVasilenko 161614 > > (i)(ii)(iii) > > > Norilsk Nickel5,7156,1324,585Norilsk Nickel 10 International public joint-stock companyUnited Company RUSAL International public joint-stock company United Company RUSAL3434 34 2410 34 111 Khachaturian Mikhail Sergeevich TSATRAudit Services Limited Liability Company TSATRAudit Services Limited Liability Company1027739707203Russia 115035, Moscow, Sadovnicheskaya naberezhnaya, 75TSATRAudit Services Limited Liability CompanySodruzhestvoSelf-regulatoryorganization of auditors AssociationSodruzhestvoTSATRAudit Services Limited Liability Company12006020327 International public joint-stock company United Company RUSAL1203900011974Russia 236006, Kaliningrad, Oktyabrskaya street, 8, office 410 1(a) United Company RUSAL, international public joint-stock companyUnited CompanyRUSAL PlcUC RUSAL IPJSCRUSAL LimitedRUSAL PJSC Moscow Exchange MICEX-RTS UC RUSALUC RUSAL IPJSC Oktyabrskayast.8,office 410,Kaliningrad,Kaliningrad Region,236006,RussianFederation EN+GROUP International public joint-stock company(EN+GROUP IPJSC)Oktyabrskaya st. 8, office 34, Kaliningrad, KaliningradRegion, 236006, Russian Federation EN+EN+GROUP IPJSC50%EN+GROUP IPJSC 35%EN+ GROUP IPJSCOleg DeripaskaEN+ GROUP IPJSC 35%EN+ GROUP IPJSC 44.95% 17 www.rusal.com (b) (c) (d) (e)OFAC OFACSDNOFAC EN+GROUPIPJSCEN+En+ Group PlcEn+ OFACEn+OFACOFAC (f) 2(a) 34 3 21 21 >>> >>>> 4 (a) 10 PJSC MMC Norilsk NickelNorilsk Nickel (b) 7835622443 416(b) (i) 5 6(a) (c)EBITDA EBITDA 7 8 176-FZ20%25% 25%0%15%BEPS 2.0215% 10 Norilsk Nickel Norilsk Nickel1789371741584,7314,002 Norilsk Nickel5,7154,585 30%264316 2387828 11 (i) 90 (ii) 2216 (d) (e) (f) 42,754,785,466RusHydro9.7%9.6%RusHydro (g) (h) 12(a) (b) (c) 1(a) 13 (a) Norilsk Nickel25% 4,1664,287 711420412 4263512.0% (b) 300001PC-05+3.7%2.568.2% 89001РС-01001PC-02 001PC-03 001PC-043.75%2.5 650BO-001P-1210.90% 140001PC-06+3.5%2.5611.00% 200001PC-07+3.5%2.5660.511.00%139.59.73% 60BO-001P-013.75%2.5 112BO-001P-1412.0%212 4921 14 15 13 16(a) 854677 (b) (c) (d) 142124 17 (a) (b) 5611 (c) SUAL Partners Limited 56711 (d) 1918 (e) (i)(ii)(iii) 18 Pioneer Aluminium Industries Limited243.7526%50%Pioneer Aluminium Industries Limited1.5 93 3530.5 47.9BO-05419.88.0% 20.7BO-0697.38.0% 13(b) 24.1Natalia AlbrekhtElena IvanovaEvgenii NikitinSemen MironovAnton EgorovAnna MalevinskayaChristopher BurnhamLiudmilaGalenskaiaKevin ParkerEvgeny ShvartsAnna VasilenkoBernard ZonneveldTimothyTalkingtonVladimir Cherniavskii Timothy TalkingtonVladimir Cherniavskii(i)3.13(1)(8)(ii)(iii) Timothy TalkingtonVladimir Cherniavskii3.13 Aleksander DanilovVladimir Kolmogorov Anton EgorovAnna MalevinskayaTimothy TalkingtonVladimirCherniavskii Vladimir CherniavskiiMcKinsey & Company 13.51B(1) Elena Ivanova110,1000.00072%XVXV78352C3 (i)(ii)(iii)(iv)110,100 Elena IvanovaXV XV23336 1 571Oleg DeripaskaEn+DeripaskaEn+D2XVDeripaskaDeripaskaEn+35%En+44.95%25.57%En+DeripaskaEn+124En+ 2 3 SUAL Partners3,907,527,61125.72%SUAL PartnersRenova Metals& Mining LtdRenova Metals36.39%Renova MetalsRenova Holding Ltd.Renova HoldingRenova HoldingTZ Columbus Services LimitedTZCTZCTCORenova MetalsRenova HoldingTZC TCOSUAL Partners100%XV SUAL PartnersZonoville Investments LimitedZonoville1,147,016,472SUAL PartnersZonovilleSUAL PartnersZ