Amounts of revenue received and funds raised

Revenue from grid connection services for the reporting year was RUB 6,662 million excluding VAT, which is 50% higher than the target and 173% higher than revenue for 2023 (RUB 2,438 million). The execution of several large and significant contracts in 2024, including some that were finished ahead of time, is what caused the revenue boost.

In 2024, cash proceeds from grid connection services amounted to RUB 10,202 million including VAT (almost three times higher than the target) Over‑fulfilment of the cash proceeds target is driven by the receipt of large advances from applicants under grid connection contracts concluded in the fourth quarter of 2023 and payment received earlier than the schedule established by the contracts.