ETALON GROUP PLC (“Etalon Group” or the “Company”), one of Russia’s largest and longest-established development and construction companies (LSE AND MOEX ticker: ETLN), announces that its global depositary receipts (GDRs) (ISIN US29760G1031) have started trading on Moscow Exchange today.
The Chairman of the Board of Directors of Etalon Group, Sergey Egorov; the Company’s CEO, Gennadiy Shcherbina; the Chairman of Moscow Exchange’s Management Board, Yury Denisov; and Etalon Group’s Chief Financial Officer, Kirill Bagachenko attended a ceremony to mark the start of trading.
Sergey Egorov, Chairman of the Etalon Group’s Board of Directors, said:
“Listing on Moscow Exchange is an important step for the Company in terms of improving the investment appeal of Etalon Group’s GDRs. Both international and Russian institutional investors value Moscow Exchange for its convenience and reliability. We are pleased that, starting today, a wide range of investors who were previously unable to acquire the Company’s GDRs on the London Stock Exchange will now be able to add securities from one of the largest companies in the Russian development market to their portfolios. In addition, access to Moscow Exchange enables us to be included in various stock indices, which we hope will contribute to further growth of Etalon Group’s share liquidity and market capitalisation.”
The Chairman of Moscow Exchange’s Management Board, Yury Denisov, noted:
“We are very pleased that a growing number of companies that already have listings on a foreign exchange have recognised the importance of an additional listing in Moscow. For Etalon Group this is an opportunity to expand its investor base and unlock additional demand for its shares, especially from private investors. This listing will enable domestic investors to diversify their portfolios with shares of a leading company in the promising and socially important construction sector. I wish Etalon Group success in this new page of its history as a Moscow-listed company.”
The Company earlier announced that Moscow Exchange had approved the listing of Etalon Group’s GDRs, which had been included in the Level 1 List.
This and other recent announcements are available on the Etalon Group website:
https://www.etalongroup.com/en/news/.
IR Team
About Etalon Group
Founded in 1987, today Etalon Group is one of the leading nationwide players in Russia’s development and housing construction sector. The Company develops real estate projects for the middle class in Moscow, the Moscow region and St Petersburg. The Company has been actively developing in eight regions across Russia since 2021, with large-scale projects under way in Omsk, the Novosibirsk region, Ekaterinburg, Tyumen and Kazan. With 38 years of successful operations and ongoing regional expansion, the Company remains one of the largest players in the Russian real estate market. Since its foundation, Etalon Group has delivered 9.7 mln sqm of real estate.
Thanks to its integrated business model, Etalon Group creates added value for customers and shareholders at every stage of development, from land plot analysis and acquisition to the operation and maintenance of existing properties. Etalon Group employs more than 6,000 people.
Etalon Group’s total assets comprise 42 projects under development, unsold inventory at completed residential complexes and commercial properties, with total unsold NSA of 5.5 million sqm, as well as a construction and maintenance division. According to Nikoliers, the value of Etalon Group assets as of 31 December 2025 was RUB 318 billion.
In 2025, Etalon Group’s new contract sales totalled 671 ths sqm, or RUB 153.5 billion.
The Company’s revenue in 2025 amounted to RUB 154 billion, with EBITDA of RUB 31 billion.
Etalon Group shares are traded on the Moscow Exchange (ticker ETLN) and have been included in the Level 2 quotation list since September 2025.