Dividends
Dividend Policy
Alrosa Dividend Policy seeks to provide maximum transparency for shareholders and all stakeholders on the Company’s capital allocation strategy.
Key parameters of Alrosa Dividend Policy (revised version approved by the Supervisory Board on 23 October 2026 to consider the Russian Government Ordinance on the Formation of the Position of the Russian Federation as a Shareholder in Joint-Stock Companies with Federally Owned Shares (No. 774-р dated 29 May 2006) in terms of minimum dividend payout ratio).
Minimum dividend payout ratio
If the actual and forecasted Net Debt / EBITDA ratio is below 1.5, a minimum dividend of 50% of IFRS net income, excluding any income, expenses, gains, or losses recognized in that profit that are specified in the Russian Government Ordinance on the Formation of the Position of the Russian Federation as a Shareholder in Joint-Stock Companies with Federally Owned Shares (No. 774-р dated 29 May 2006) is paid for the year.
1
Free cash flow (FCF) is the operating cash flow calculated in accordance with the International Financial Reporting Standards (IFRS) net of capital expenditure (posted as Purchase of Property, Plant and Equipment in the consolidated IFRS statement of cash flows).2
Net debt is calculated on an IFRS basis as the amount of debt less cash and cash equivalents as well as bank deposits at each reporting date.3
EBITDA stands for the Group’s earnings or loss for the last 12 months adjusted for income tax expenses, financial income and expenses, share of net profit of associates and joint ventures, depreciation and amortisation, impairment and disposals of property, plant and equipment, gain or loss on disposal of joint ventures, revaluation of investments, and one-off items.Dividend Dynamics
| Year | Period | Dividends per share, RUB1 | Declaration date | Accrued dividends, RUB million | Pay-out ratio (% of FCF) | |
| 2025 | Year | - | 10.06.2026 | - | - | - |
| 2024 2h | Year | - | 23.05.2025 | - | - | - |
| 2024 1h | 1 H | 2.49 | 01.10.2024 | 18 338 | - | - |
| 2023 2h | Year | 2.02 | 20.05.2024 | 14 877 | - | - |
| 2023 1h | 1 H | 3.77 | 30.09.2023 | 27 765 | - | - |
| 2021 1h* | 1H | 8.79 | 30.09.2021 | 64 738 | 100% | - |
| 2020 2h** | Year² | 9.54 | 16.06.2021 | 70 262 | 80%³ | - |
| 2019 2h | Year4 | 2.63 | 24.06.2020 | 19 370 | 100% | - |
| 2019 1h | 1H | 3.84 | 30.09.2019 | 28 281 | 100% | - |
| 2018 2h | Year5 | 4.11 | 26.06.2019 | 30 270 | 100% | - |
| 2018 1h | 1H | 5.93 | 30.09.2018 | 43 674 | 70% | - |
| 2017 | Year | 5.24 | 26.06.2018 | 38 592 | 52% | - |
| 2016 | Year | 8.93 | 30.06.2017 | 65 769 | 59% | - |
| 2015 | Year | 2.09 | 30.06.2016 | 15 392 | 37% | - |
| 2014 | Year | 1.47 | 25.06.2015 | 10 826 | 26% | - |
| 2013 | Year | 1.47 | 28.06.2014 | 10 826 | 70% | - |
| 2012 | Year | 1.11 | 29.06.2013 | 8 175 | 68% | - |
| 2011 | Year | 1.01 | 30.06.2012 | 7 439 | 27% | - |
| 2010 | Year | 0.25 | 30.06.2011 | 1 833 | 7% | - |
| 2009 | Year | 0.03 | 26.06.2010 | 250 | 0% | - |
*
ALROSA paid no dividends for the second half of 2021 and 2022.**
ALROSA paid no dividends for the first half of 2020 due to a negative FCF.1
Restated to account for the share split which occurred in 2011.2
Amount of dividends for the second half of 2020. ALROSA paid no dividends for the first half of 2020 due to a negative free cash flow.3
Pay-out ratio (% of FCF) for the second half of 2020.4
Amount of dividends accrued for 2019 excluding dividends accrued for the first half of the year. The total 2019 year-end accrued dividend is RUB 47,651 m.5
Amount of dividends accrued for 2018 excluding dividends accrued for the first half of the year. The total 2018 year-end accrued dividend is RUB 73,944 m.