MOSCOW — 19 March 2026. IPJSC T-Technologies (MOEX: T), a technology company developing a financial and lifestyle ecosystem, announces its consolidated IFRS financial results for the three months and twelve months ended 31 December 2025.

• Total revenue in FY 2025 increased by 49% year-on-year to a record RUB 1.4 tn.
• Total revenue grew by 12% year-on-year in 4Q’25, amounting to RUB 378 bn.
• The number of monthly active T customers increased by 6% year-on-year, reaching 34.3 mn as of the end of 2025.
• Operating net profit* attributable to the Group’s shareholders (excluding non-controlling interest and the effects of the investment in Yandex) increased by 43% year-on-year to RUB 174.4 bn in FY 2025, exceeding the Group’s full-year guidance.
• Operating net profit in 4Q’25 increased by 41% year-on-year to over RUB 54.4 bn.
• Return on equity* amounted to 29.1% for FY 2025 and to 33.3% in 4Q’25.
• 2026 guidance: the Group’s operating net profit* is expected to increase by 20% or more, with total annual dividends per share growing by more than 20%.
• Dividends: the Group’s Board of Directors has recommended dividends of RUB 45 per share for 4Q’25.

The President of T-Technologies, Stanislav Bliznyuk, said:

“We continue to strengthen our key operating and financial metrics. Today, T-Technologies represents RUB 1.4 tn in revenue, 54 mn customers and around 17% of the country’s retail turnover. In 2026, we are focused on sustaining high-quality growth across all key business segments, while maintaining an emphasis on efficiency and profitability, as well as strategic investments in technology, education and an outstanding customer experience.

“As a global technology leader, our long-term strategy is focused on the opportunities that will arise from the transformation of the world’s largest economies over the coming decades. According to various estimates, AI will add around USD 7 tn to global GDP, fundamentally reshaping the structure of the economy, the labour market and consumer behaviour. At T, we aim to be a driver of this transformation and to develop products that millions of customers will use in the future. That is why we are systematically strengthening our technological capabilities by combining an in-house approach to AI development with the build-out of our own computing capacities to support business growth, alongside investments in the high-tech sector. This represents our infrastructure-focused bet on a new economic model that is only beginning to take shape.”

The Chairman of the Board of Directors of T-Technologies, Alexey Malinovsky, said:

“T-Technologies Group maintains a long-term focus on the interests of shareholders, combining efficient business growth with strategic investments. The Board of Directors continues to adhere to best market practices in returning capital to shareholders and, based on our 4Q’25 results, has recommended another quarterly dividend of RUB 45 per share. Total dividends per share for 2025 will therefore reach RUB 149, up 20% year-on-year and representing a payout of 23% of annual profit. [1] In 2026, we plan to increase total annual dividend payments per share by more than 20%, supported by targeted annual growth in operating net profit of 20% or higher.

“One of our key priorities for 2026 is making T shares more accessible for retail investors. In April, we will carry out a 1-for-10 share split, a decision that has already been approved by shareholders. Shareholders will receive upcoming dividends after the split, and we will continue to declare dividends on a quarterly basis.

“We are also continuing the share buyback programme announced in November 2025, targeting up to 10% of T’s free float for use in our long-term management incentive programme. In 4Q’25, approximately 1.4 mn T shares were repurchased through the programme, representing around 1% of the free float. We may accelerate buybacks if market capitalisation deviates significantly from the Group’s intrinsic value.

“We are starting the year with investments in the technological transformation of the automotive market, which we see as one of the key drivers of the Group’s growth in the coming years. The acquisition of the iconic Auto.ru platform, combined with the wide-ranging capabilities of T’s automotive ecosystem, will enable a fundamental change in market development. The deal is being financed with debt and therefore will not divert capital or resources from the Group’s core operating businesses.”

The number of active T customers increased by 1% quarter-on-quarter and by 6% year-on-year to 34.3 mn, with the total number of customers reaching 54.1 mn as of the end of 2025.

Total turnover from customer purchases in FY 2025 amounted to RUB 9.8 tn, an increase of 11% year-on-year.

In FY 2025, T-Technologies’ total revenue grew by 49% year-on-year, exceeding RUB 1.4 tn (4Q’25: RUB 378 bn, an increase of 12% year-on-year). Gross interest income grew by 57% year-on-year to RUB 1.1 tn (4Q’25: RUB 286 bn, an increase of 13% year-on-year), driven by portfolio growth and changes in market rates.

Gross yield on the loan portfolio was 25.6% in 4Q’25 (4Q’24: 26.4%), reflecting changes in both the loan product mix and interest rates. The yield on the Group’s securities portfolio reached 12.2% (4Q’24: 11.0%).

Interest expense increased by 82% year-on-year in FY 2025, amounting to RUB 551 bn (4Q’25: RUB 135 bn, an increase of 9% year-on-year). The cost of borrowing rose to 12.6% in FY 2025 (FY 2024: 10.4%) and was 11.4% in 4Q’25 (4Q’24: 11.9%), reflecting changes in market interest rates.

Net interest income increased by 37% year-on-year in FY 2025, amounting to RUB 520 bn (4Q’25: RUB 147 bn, up 17% year-on-year). Fee and commission income in FY 2025 grew by 29% year-on-year to RUB 235 bn (4Q’25: RUB 67 bn, up 18% year-on-year), driven by a growing customer base and an expanded product line-up. Net fee and commission income in FY 2025 increased by 38% to RUB 146 bn (4Q’25: RUB 44 bn, up 29% year-on-year).

The cost of risk declined to 5.7% in FY 2025 (FY 2024: 7.3%), and it was 4.9% in 4Q’25, versus 6.1% in the previous quarter (4Q’24: 6.5%). The risk-adjusted net interest margin in FY 2025 was 7.4%, compared with 7.8% a year earlier. In 4Q’25, it reached 8.3%, up from 7.1% in the previous quarter (4Q’24: 7.2%). Net revenue grew by 36% year-on-year to RUB 738 bn. The share of net revenue not connected with retail lending reached 59%, reflecting the Company’s diversified business model.

As of the end of 4Q’25, the Group had 54.1 million customers, including:

• 46.7 mn daily banking and lifestyle customers;
• 9.7 mn T-Investments customers;
• 1.6 mn customers in the SME segment.

In FY 2025, total operating expenses increased by 28% year-on-year to RUB 357 bn (4Q’25: RUB 98 bn, up 10% year-on-year), driven by expansion of the customer base and investments in the IT platform and personnel.

Operating net profit attributable to the Group’s shareholders, excluding the effects of the investment in IPJSC Yandex, increased by 43% in FY 2025, amounting to RUB 174 bn (4Q’25: RUB 54 bn, up 41% year-on-year). As a result, the Group’s return on equity amounted to 29.1% for FY 2025, and it reached 33.3% in 4Q’25.

In FY 2025, T-Technologies’ total assets grew by 19% year-on-year to RUB 6,084 bn (31 December 2024: RUB 5,118 bn).

The Group’s net loan portfolio increased by 25% year-on-year to RUB 3,169 bn (31 December 2024: RUB ⁠2,537 bn). The Group’s total loan portfolio grew by 26% to RUB 3,481 bn (31 December 2024: RUB 2,763 bn).

The Group’s NPL ratio was 7.2% (31 December 2024: 5.8%). Loan loss reserves exceeded NPLs by 1.2x.

Total customer funds along with assets under management amounted to RUB 6.5 tn, an increase of 21% year-on-year (31 December 2024: RUB 5.3 tn). The Group’s customer funds grew by 10% to RUB 4.4 tn (31 December 2024: RUB 4.0 tn), while the total investment portfolio of Group customers expanded by 47% to RUB 2.2 tn (31 December 2024: RUB 1.5 tn).

The Group’s equity grew by 54% to RUB 805 bn (31 December 2024: RUB 521 bn).

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The Group’s financial statements will be available on its website: https://t-technologies.ru and https://t-technologies.ru/results/.

For enquiries:

ir@t-technologies.ru

media@t-technologies.ru

Current information on T-Technologies is available on the website https://t-technologies.ru/, as well as through the official T-Technologies account on the social network for investors Pulse and on its Telegram channel.

Important Legal Information

The information and statements contained or referred to in this announcement do not constitute or form part of, and should not be construed as, any public offer under any applicable legislation or an offer to sell or solicitation of any offer to buy any securities or financial instruments or any advice or recommendation with respect to such securities or other financial instruments. The distribution of this document in certain jurisdictions may be restricted by law. Recipients are required by the Group to inform themselves about and to observe any such restrictions. No liability to any person is accepted in relation to the distribution or possession of this document in any jurisdiction.

Forward-looking statements

Some of the information in this announcement may contain projections or other forward-looking statements regarding future events or the future financial performance of the Group. You can identify forward-looking statements by terms such as «expect», «believe», «anticipate», «estimate», «intend», «will», «could», «may» or «might», the negative of such terms or other similar expressions. The Group wishes to caution you that these statements are only predictions, and that actual events or results may differ materially. The Group does not intend to update these statements to reflect events and circumstances occurring after the date hereof or to reflect the occurrence of unanticipated events. Many factors could cause the actual results to differ materially from those contained in projections or forward-looking statements of the Group, including, among others, general economic conditions, the competitive environment, risks associated with operating in Russia, rapid technological and market change in the industries the Group operates in, as well as many other risks specifically related to the Group and its respective operations.

About T-Technologies

T-Technologies is a technology company that is developing an ecosystem of financial and lifestyle services. Branchless since its inception in 2006, company developed a full range of in-house proprietary technology solutions and services, including digital banking, brokerage, acquiring and other merchant solutions, insurance, SME banking and much more.

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