MD Medical Group announces dividends for Q3 2024

MD Medical Group (“MD Medical Group”, “MDMG”, "Group" or the "Company"; MOEX: MDMG), a leading Russian private healthcare provider, announces the Board of Directors' decision to pay interim dividends.

At the meeting held on 18 November 2024, the Company’s Board of Directors decided to distribute dividends for 9M 2024. The dividend will amount to RUB 1.5 billion or RUB 20 per ordinary share (before tax on income received as dividends). Previously, the company paid dividends for 3 months and 6 months of 2024. A cumulative payout for 9M 2024 will represent 61% of the Group's consolidated net profit for the period.

The record date for persons entitled to receive dividends will be 29 November 2024 (end of business day).

Dividend payment will be made in early December.

MDMG CEO Mark Kurtser said:

«The 22% revenue growth in Q3, stable profitability and comfortable capital expenditure burden allow us to pay dividends for the third time this year - in the amount of RUB 20 per share of MD Medical Group. The total payout this year will be 183 rubles per share and a dividend yield of 20% at the current market share price.

In the coming year, we will continue to develop our network of outpatient and hospital-based treatment facilities. Our strong position will ensure that we are able to fund organic development from the Company's own cash resources and pay dividends at least twice a year».

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About MD Medical Group

MD Medical Group is a leading provider in the highly attractive Russian private healthcare service market. Today, the Company manages 62 state-of-the-art healthcare facilities, including 11 multidisciplinary hospitals and 51 out-patient clinics in 30 regions of the Russian Federation. In 2023, MD Medical Group's revenue amounted to RUB 27.6 bln while EBITDA was RUB 9.2 bln. The Company's ordinary shares are traded on Moscow Exchange (MOEX: MDMG).