Alrosa Stock (ALRS): Reported Results, Dividends and Board Talking Points

Reference page. All figures are dated and attributed. Not investment advice. Last updated: 16 July 2026.

At a glance

Alrosa (Moscow Exchange ticker ALRS, diamond-mining sector) remains the world's largest diamond producer by output. Its principal mining assets are concentrated in the Republic of Sakha (Yakutia), and the company runs the full cycle from exploration and mining to cutting and sales. The ordinary shares trade on the Moscow Exchange; the company's foreign GDR programmes were terminated in 2022, and liquidity has since been concentrated on the domestic market. Alrosa is controlled by the state through federal bodies and the Republic of Sakha (Yakutia), a fact market participants weigh when assessing its dividend and investment policy.

This page is a neutral, dated survey of publicly known facts about the company and a synthesis of the themes market participants most often discuss. It contains no price forecasts and no trading recommendations.

Profile and listing status

• Venue: Moscow Exchange, ticker ALRS (per Moscow Exchange data, as of this page's update date).
• Foreign programmes: the overseas GDR programmes were closed in 2022; trading takes place on the domestic market.
• Market-wide context: on 12 June 2024 OFAC (the US Treasury's Office of Foreign Assets Control) designated the Moscow Exchange itself, after which the exchange halted trading in US dollars and euros. This is a market-infrastructure fact affecting all issuers, not Alrosa specifically.

Reported financials (dated)

Per consolidated IFRS results for the first half of 2025:

• Revenue fell about 25% year on year, to roughly 134.3 billion rubles.
• EBITDA contracted about 42%, to roughly 37.1 billion rubles.
• Net profit rose about 10.8% year on year, to roughly 40.6 billion rubles; management attributed the increase to asset-disposal effects rather than operating momentum.
• Net debt increased many times over, to roughly 61 billion rubles.

The company noted that the high key interest rate and inflation put additional pressure on first-half 2025 performance (source: Alrosa H1 2025 IFRS results and accompanying management commentary).

Dividends

The dividend question is one of the most discussed topics around this issuer. Against a weak diamond-market backdrop, a rising debt load and external restrictions, recent distributions have been restrained, and for several periods the board of directors recommended withholding profit distribution. Specific decisions are taken by the board and the general shareholder meeting for each reporting period; always check the current recommendation against the company's official disclosures as of the decision date.

Sanctions context (neutral, dated)

• United States (OFAC): Alrosa was added to the SDN list — initially in April 2022, with restrictions reinforced on 2 January 2024.
• G7: bans on imports of Russian diamonds into G7 countries were phased in from 2024, affecting the industry's export channels.

The items above are dated business facts bearing on the company's exports and settlements. Confirm the current state of restrictions against primary sources (OFAC and official EU and G7 documents) as of today's date.

What retail boards discuss

A synthesis of recurring discussion themes (neutral, without endorsement or advice):

• The state of the diamond market: participants discuss demand, inventories and price conditions as the key revenue driver, as well as competition from lab-grown stones.
• The impact of export restrictions: how far the G7 bans and SDN status affect sales channels and logistics.
• Industry-support mechanisms: the possible role of state purchases in smoothing sales during weak-demand periods.
• Debt load and working capital after the multi-fold rise in net debt in the first half of 2025.
• Dividend expectations and the board's decision logic in a weak market.
• The ruble exchange rate as a driver of an exporter's ruble revenue: a stronger ruble reduces the ruble value of foreign-currency sales.

This is a description of discussion themes, not a statement of fact and not a forecast. Retail-board opinions are unverified and are listed here only as a map of the conversation.

How to read issuer forecasts

Analyst estimates and board opinions diverge because they rest on differing assumptions about diamond demand, the ruble and the sanctions regime. Any estimate is a dated hypothesis with a limited shelf life, not a fact. It is more useful to compare several sources, note the date of each estimate and rely on the company's official reporting than to anchor on a single target figure. This page deliberately publishes no price targets.

Related Russian issuers

• Nornickel — a comparable mining-and-metals issuer.
• Severstal — another large commodities-sector issuer on the Moscow Exchange.

Disclaimer

This material is a purely informational reference. All figures are dated, attributed to their source type and may become outdated. It is not an individual investment recommendation, an offer or a solicitation to buy or sell any security; it guarantees no outcome and contains no price forecasts. Securities can fall as well as rise in value; past performance does not determine future results. Do your own research before making decisions and consult a licensed financial adviser where appropriate. Verify the currency of all facts against primary sources as of today's date.