IPJSC Etalon Group (“Etalon Group” or the “Company”), one of Russia’s largest development and construction companies, announces that the Moscow Exchange has decided to include the Company’s shares in its Level 2 listing as of 8 September 2025.
This decision confirms that Etalon Group meets all the requirements set by the Moscow Exchange for issuers included in the listing, demonstrating a high level of corporate governance, financial stability and transparency. The inclusion of the Company’s shares in Level 2 listing from 8 September 2025 will provide better conditions for the start of trading, as the securities will be available to a wider range of investors, which could potentially increase their liquidity.
In January 2025, the Moscow Exchange moved Etalon Group PLC’s global depositary receipts (GDRs) to its Level 3 listing and also restricted trading in the securities to qualified investors only due to regulatory restrictions on trading foreign securities. Trading in the Company’s securities on the Moscow Exchange had been suspended since 2 July. In July, Etalon Group completed its redomiciliation and the automatic conversion of Etalon Group PLC GDRs into ordinary shares of IPJSC Etalon Group.
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.