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MD Medical Group Today

Investment Case
01
One of the largest private healthcare providers in Russia
02
Leading company focusing on women’s and children’s healthcare
03
A unique combination of a broad scope of medical expertise, extensive geography and varied formats of medical assistance services
04
The first public company in the industry, with the London Stock Exchange IPO back in 2012
05
First level listing of ordinary shares on the Moscow Exchange (ticker: MDMG)
Revenue Rub43.5 bn for 2025
EBITDA Rub13.3 bn for 2025
Profit up to 100% may be allocated to dividends
Cash Rub2,7 bn as at 31.12.2025

Key Financials

2025 2024 2023 2022 2021
Revenue, Rub mln 43,455 33,122 27,631 25,222 25,220
EBITDA, Rub mln 13,289 10,681 9,218 7,924 8,276
EBITDA margin, % 31 32 33 31 33
Net profit, Rub mln 11,035 10,175 7,823 4,719* 6,143
Net margin, % 25 31 28 19 24
CAPEX, Rub mln 4,266 2,273 3,580 1,169 3,790
Net debt/EBITDA 0.03x -0.4x -1.0x -0.5x 0.2x

*In 2022 adjusted for impairment of CIP, PPE and goodwill amounted to RUB 1,287 million. Adjusted net profit was RUB 6,005 million

Corporate Governance

MD Medical adheres to the highest standards of corporate governance. The Company has an effective system of corporate governance and internal control of financial and economic activities that complies with Russian legislation, the rules of the Moscow Exchange, and the best international practices.

Continuous improvement of the corporate governance system is one of the main long-term strategic priorities of the Company.

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Events Calendar

July 31
2Q 2026 Operating results
August 28
1H 2026 Financial results
Analysts