Etalon Group (the “Company” or the “Group”), one of Russia’s largest development and construction companies, hereby announces that it has entered into a tripartite agreement with JSC Sinara Bank and PJSC Moscow Exchange to launch a market-making programme to increase the liquidity and investment appeal of ordinary shares of IPJSC Etalon Group.
Under the agreement, JSC Sinara Bank will act as a market maker starting as of 10 November, undertaking obligations to support the price, demand, supply and trading volumes of the Company’s shares. As market maker, Sinara will maintain a specified volume of buy and sell orders in the order book during both the main and after-hours trading sessions, thus ensuring greater liquidity and a more stable share price by narrowing the bid–ask spread. The Moscow Exchange will provide the technological and infrastructure platform for implementation of the programme.
“This year, the Group completed its redomiciliation and the automatic conversion of ETALON GROUP PLC depositary receipts into ordinary shares of IPJSC Etalon Group. Our goal is to create conditions for sustainable growth in the Company’s capitalisation on the Moscow Exchange, and we believe that increased share liquidity will further strengthen investor interest in the Group,” said Ilya Kosolapov, Etalon Group’s Chief Financial Officer.
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 37 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 2024, Etalon Group’s new contract sales totalled 699 ths sqm, or RUB 146.2 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.