Cherkizovo Group presented its financial results for 2024.

Key events:

• In the fourth quarter, the company successfully completed the acquisition of Ruskom LLC, a chicken producer in the Tyumen region with an annual output of 60,000 tons of meat. This allowed Cherkizovo to become a leader in broiler production in Russia.

• The acquisition of Venta-Oil LLC in the Orenburg region was completed, increasing the company's self-sufficiency in feed.

• Pork production volumes increased by 12% due to the restoration and expansion of growing areas.

• The area under soybean cultivation has reached 121 thousand hectares, which contributes to increasing the country's self-sufficiency.

• Construction of a technical products plant in Yefremov (Tula Region) with an investment of 5 billion rubles has been completed, marking the first stage of the creation of the largest meat processing cluster in Russia.

• The turkey segment showed improvement, with EBITDA margin increasing from 7% to 14%.

• Revenue in export channels increased by 34%, and in the food service segment by 28%.

• The Analytical Credit Rating Agency has raised the company's credit rating to AA(RU) with a stable outlook.

• Cherkizovo Group strengthened its status as an employer, rising from 28th to 26th place in the HeadHunter rating and becoming the only representative of the agro-industrial complex in the top best employers according toFORBES .

Company comment:

"Thanks to the integration of strategic acquisitions, we continue to grow at double-digit rates. Challenging conditions, including commodity inflation and labor shortages, remain significant challenges. However, vertical integration and a strong position in branded product markets ensure business stability.

Our investment program totaled 36 billion rubles, an 8.2% increase compared to the previous year. Assets such as the plant in the Tyumen region will allow us to maintain our leadership in the Russian chicken market. Despite high capital costs, we will continue our growth and investment strategy , prioritizing improving product quality and affordability."

Financial indicators (million rubles):

• Revenue: 259,281 (up 13.7%)
• Net profit: 19,910 (down 39.8%)
• Operating profit: 30,554 (down 24.5%)

Outlook for 2025:

In 2025, Cherkizovo plans to continue its strategic development, including expanding production capacity and further vertical integration. Priority will be given to projects in Yefremov, Altai, and the Central Federal District, as well as the modernization of existing facilities.

The company will also explore mergers and acquisitions to expand its operations, despite an expected reduction in its investment program due to high leverage. We strive to provide high-quality products and improve employee well-being by creating a positive work environment and fostering innovation.