The Kirillitsa Group of Companies (Oil Resource Group, Zemlitsa) has published the results of its activity for the first half of 2024 according to IFRS.

The Group's consolidated revenue amounted to 11.3 billion rubles, which is 3.1 times higher than 3.6 billion rubles for the same period last year. The total financial result amounted to 272 million rubles, LTM EBITDA was 833.3 million rubles.

The net debt as of June 30, 2024 amounted 1.24 billion rubles, the ratio of net debt to LTM EBITDA was 1.49x.

The volume of oil product supplies in the first half of 2024 increased by 3.3 times, reaching 260 thousand tons. The growth in indicators was due to the signing and execution of a number of large long-term contracts and the expansion of the geographical presence of the Group's companies, including work in foreign markets.

In May 2024, Oil Resource Group LLC successfully completed the placement of BO-01 series exchange-traded bonds in the amount of 1 billion rubles with a maturity of three years on the Moscow Exchange platform. The funds raised were used to replenish working capital and scale up trading activities in the oil products and hydrocarbons segment.

The export of grain agricultural crops was also developed in the first half of the year. The volume of shipments of Zemlitsa LLC exceeded 50 thousand tons.

Kirillitsa JSC is the parent organization of a fast-growing Russian diversified group of companies specializing in wholesale supplies of oil and oil products, as well as agricultural grain products in Russia, the CIS, Southeast Asia and the Middle East. The Group includes the supplier of oil and oil products Oil Resource Group LLC, the supplier of grain Zemlitsa LLC, as well as companies carrying out trading and logistics operations in the Russian and international markets.