ETALON GROUP PLC ("Etalon Group" or the "Company"), one of the largest development and construction companies in Russia, announces that the rating agency Expert RA has confirmed the credit rating of Etalon Finance (part of Etalon Group) at the level of ruA-. The rating has a stable outlook, which implies a high probability of maintaining the rating at the current level over a 12-month horizon.
The credit rating was assigned in accordance with the methodology for assessing external influence based on the consolidated IFRS financial statements of Etalon Group.
According to the Expert RA report, the credit rating of Etalon Finance is determined, among other things, by the Company's strong market and competitive positions, acceptable debt burden, high liquidity, comfortable marginality, information transparency and high standards of corporate governance.
The rating assessment was positively influenced by the Company's increase in its current construction volume, which ensured an expansion of sales. According to the database of the Unified Resource for Developers, the current construction volume as of 1 April 2025 amounted to 1.2 million sq. m versus 0.9 million sq. m a year earlier, which exceeds the agency's benchmarks.
Etalon Group's project portfolio amounts to 5.5 million sq. m. This allows maintaining stable sales volumes without additional investments in the land bank for more than eight years. At the same time, the asset structure is characterized by high diversification by regions and segments, as a result of which Etalon Group does not depend on the successful implementation of a single project. This provides additional support to the Company's competitive positions.
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 9.2 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 27 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 2024 was RUB 305 billion.
In 2025, Etalon Group’s new contract sales totalled 671 ths sqm, or RUB 153.5 billion.
The Company’s revenue in 2024 amounted to RUB 131 billion, with EBITDA of RUB 27.6 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.