The National Rating Agency (NRA) has raised the credit rating of "Oil Resource" LLC and Kirillitsa JSC Group of Companies to "BBB-|ru|" according to the national rating scale with a stable outlook.

According to the NRA, the increase in the credit rating is due to an increase in the level of permanent capital, an increase in return on assets and an increase in the assessment of the maturity of the risk management system. The agency's analysts also point to a comfortable level of corporate governance, a moderately low dependence on major suppliers, and a transparent ownership structure.

According to the NRA, the profitability of Kirillitsa JSC assets for the period 01.04.2024—31.03.2025 amounted to 12% (for 2024 — 7%). Against the background of a significant increase in operating profit, the group's net profit in the first quarter of 2025 is comparable to the indicator for the whole of 2024, and consolidated assets increased by 37%. Considering lease obligations, the ratio of equity and long-term debt to assets as of 31.03.2025 was 0.5x.

"The NRA rating upgrade is a recognition of the sustainability of our business model and the effectiveness of our development strategy. The growth of profitability and capital, as well as business diversification, make it possible to confidently achieve the long-term goals of the group of companies. This year, we have significantly expanded our assets by purchasing two oil terminals, and we continue to invest in innovations including technologies for developing hard-to-recover reserves,"

Semyon Garagul, CEO and shareholder of Kirillitsa Group of Companies and "Oil Resource" said.

In 2025, the group of companies acquired two oil terminals in the Khanty-Mansi Autonomous Okrug and the Orenburg Region. The group of companies is also developing technologies for the industrial development of hard-to-recover oil reserves and grain exports.

"Oil Resource" is a modern high-tech oil company, part of Kirillitsa Group of Companies. The company specializes in the wholesale supply of oil and petroleum products, and is also developing an oilfield service area for the development of hard-to-recover reserves (HTR reserves). It acts as a reliable partner of the state, introduces innovations for the strategic development of the Russian oil industry. The founder, shareholder and CEO is Semyon Garagul.