Atomenergoprom JSC (the organization of ROSATOM uniting the civil section of the nuclear industry) published its annual report for 2023.

 

It is noted in the report that the company has demonstrated stable production and financial results. In particular, the revenue as per the IFRS increased by 50.7% in comparison with 2022 and reached 2128.8 bln. RUR (as compared with 1412.5 bln. RUR in 2022). Tax payments also exceeded the result of 2022 by 53% and amounted to 365 bln. RUR.

 

At the year-end the revenue for the new products of ROSATOM (including the organizations of Atomenergoprom JSC) amounted to 1100.4 bln. RUR which was 47% more than the established target value for 2023 (750 bln. RUR) and 57.8% more than the result of 2022 (697.5 bln. RUR). Performance over and above the parameters for the new products in 2023 was due to increase in the production volume, development of logistical services and the area of energy storage systems.

 

It had been previously reported that the sales profit amounted to 647.6 bln. RUR which was 171.7 bln. RUR (36.1%) more than the result in 2022. The pre-tax profit of the Group amounted to 385.2 bln. RUR (increase by 166.8 bln. RUR). The pre-tax profit growth resulted in increase of the income tax expense (it amounted to 134 bln. RUR, increase by 70.7 bln. RUR). The net profit of the Group in 2023 amounted to 251.2 bln. RUR (increase by 96 bln. RUR). The assets of the Group increased by 1274.9 bln. RUR (23.3%). Thus, the main financial stability and liquidity parameters evidence the stable financial position of the Group.

 

In 2023 Atomenergoprom JSC continued working with "green" financing instruments. All together "green" loans for the total amount of more than 300 bln. RUR (ESG credits and "green" bonds) were raised by the end of 2023. The raised "green" financing funds are allocated for refunding of the wind farm construction projects in Russia and the project for construction of Akkuyu NPP in Turkey.

 

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JSC Atomenergoprom (full name – Joint Stock Company Atomic Energy Power Corporation, short name – AEP) is a Russian state vertical integrated company, part of ROSATOM State Corporation. AEP was established in order to consolidate the assets of the civilian part of the Russian nuclear industry which has a history of about 80 years. Atomenergoprom provides full production cycle of nuclear power engineering, from uranium production to nuclear power plant construction and energy generation. It has absorbed the unique experience accumulated across the whole range of technologies of nuclear fuel cycle and nuclear power plant construction. This huge experience is the basis of Atomenergoprom leadership in the world market of nuclear technologies. AEP already includes such large companies as Rosenergoatom (#1 in Russia by nuclear electricity generation) TVEL, Atomenergomash etc. 100% of JSC Atomenergoprom is controlled by ROSATOM.