... Preliminary preparation. Management makes the decision to go public and conducts a thorough audit of the business: analyzing financial performance, asset structure, and corporate governance. The company transitions to international reporting standards (IFRS or GAAP) and optimizes business processes to be comprehensible to investors. During this stage, a growth strategy and financial model are formulated to assess future profitability. Selection of underwriters and consultants. The company hires investment ...

... confidence in future projects. A decline in revenue would hint at business caution in spending on equipment amid uncertainty. Russia Severstal – one of the largest steel producers in Russia. The company is expected to report financial results for Q2 (IFRS), which will provide insights into the state of the metallurgy sector: steel production levels, prices for rolled metal, and export volumes. In the first half of 2025, global steel prices remained relatively stable, while domestic demand in Russia ...

... companies brought substantial sums: Gazprom typically receives payments from profitable subsidiaries (primarily PAO Gazprom Neft and others) in the second quarter, after annual meetings. In 2024, despite the overall consolidated loss of the group under IFRS, some subsidiaries were profitable and directed dividends to the parent company. These participation earnings amounted to ~157 billion rubles in H1 2025 (slightly less than 185 billion rubles a year earlier). Interest income (from provided loans ...

... diversification of businesses and Buffett's conservative approach allow the company to grow profits even in volatile market conditions. Norilsk Nickel – the Russian mining and metallurgy giant is preparing to present its report for the first half of 2025 (IFRS). Analysts expect mixed results: on one hand, the decline in world prices for some key metals (nickel, palladium) and sanctions could negatively impact the company's revenue and profit. On the other hand, "Norilsk Nickel" is generally managing ...

... semi-annual financial reports in August, so there are no significant releases scheduled for July 22. However, investors in Russia are paying attention to corporate news that may emerge later in the week: Financial results from PAO Severstal for Q2 2025 under IFRS and operational indicators from PAO RusHydro for the first half of the year are expected. These publications will likely come at the end of the week or shortly thereafter. Severstal's report will clarify the situation in the metallurgical sector ...