MOSCOW — 11 August 2026.
br IPJSC T-Technologies (MOEX: T), a technology company developing a financial and transactional ecosystem, announces its consolidated IFRS financial results for the six months and three months ended 30 June 2026.

2Q and 1H 2026 financial results

• Net revenue increased by 27% year-on-year in 2Q to RUB 216.8 bn, driven by ecosystem expansion and higher customer engagement. In 1H, net revenue grew 26% year-on-year to RUB 414.2 bn.
• Operating net profit* increased by 25% year-on-year in 2Q to RUB 52.1 bn, reflecting the business’s focus on efficiency. In 1H, operating net profit* rose 31.7% year-on-year to RUB 98.6 bn.
• The Group’s return on equity (ROE)* amounted to 28.1% in 2Q, while ROE across key B2C and B2B operating segments reached 34.4%. In 1H, ROE* increased to 27.4%, while ROE across key B2C and B2B operating segments rose to 33.8%.
• 2026 guidance confirmed: operating net profit growth of 20% or more, with total dividends per share for the year expected to increase by more than 20%.

Key corporate developments

• Regular quarterly dividends: the Board of Directors recommended a dividend payment of RUB 4.7 per share based on 2Q 2026 results.
• Share buyback: the Group continues to repurchase T shares implementing its buyback programme up to 5% of share capital (equivalent to up to 10% of free float).

The President of T-Technologies, Stanislav Bliznyuk, said:

«We continue to scale the business efficiently, supported by a loyal customer base numbering in the tens of millions, hundreds of products addressing various needs, innovative technologies and platform solutions. Our strategic focus on developing an ecosystem approach powered by AI technology enables us to increase net revenue per active customer, which rose by 23% in 1H 2026. Growing trust in T is also reflected in our increasing share of lending and customer funds among individuals and businesses in Russia. At the same time, the Group continues to deliver strong efficiency: operating net profit increased by 32% in 1H 2026, while ROE across our key B2C and B2B operating segments reached 33.8%.

One of the key developments for T-Technologies during the reporting period was the acquisition of the iconic Auto.ru automotive classifieds platform. We expect the automotive segment to make an incremental contribution to our long-term growth and development, and estimate that additional operating income for the Group from synergies with Auto.ru will exceed RUB 45 bn over the next three years. The Group is also continuing to develop its platform business model in other transactional segments at the intersection of B2C and B2B, including shopping, while maintaining tight control over the scale of the investment phase. The consolidation of Tochka will provide an additional impetus for realising the potential of the B2B segment. We will share further details at a later date».

The Chairman of the Board of Directors of T-Technologies, Alexey Malinovsky, said:

«Long-term shareholder value creation remains a key priority for the Board of Directors and management of T-Technologies. Our high level of profitability enables us not only to invest in technology platforms and AI infrastructure but also to return capital to shareholders on a regular basis. Payment of the next quarterly dividend of RUB 4.6 per share will begin this week. Based on 2Q 2026 results, the Board of Directors has recommended a new payment of RUB 4.7 per share.

We continue to target growth of 20% or more in both the Group’s operating net profit and dividends per T share in 2026. In our view, T-Technologies’ current market valuation — at just over three times projected 2026 annual earnings — does not reflect the fundamental value of the business given our expectations for continued growth. Taking these factors into account, the Board of Directors of T-Technologies believes that, under current market conditions, it is appropriate to continue building a long-term reserve of shares for the management long-term incentive programme. T-Technologies is actively repurchasing its own shares from the market while continuing to invest in promising areas for long-term growth».

1. KEY OPERATING METRICS

T Ecosystem	2Q 2026	2Q 2025	YoY ∆	1Q 2026	QoQ ∆
Total customers, mn	55.7	51.4	8%	54.9	1%
Active customers, mn	34.3	33.5	2%	34.2	0%
Active B2B customers, mn	1.04	0.94	11%	1.03	2%
Monthly active users (MAU), mn	34.0	33.5	2%	34.0	0%
Daily active users (DAU), mn	15.4	15.5	-1%	15.4	0%

The number of active customers in the T ecosystem generating revenue each month amounted to 34.3 mn in 2Q 2026. As at the end of June 2026, T’s total customer base reached 55.7 mn, up 8% year-on-year.

Monthly active users (MAU) increased by 2% year-on-year to 34 mn. Daily active users (DAU) amounted to 15.4 mn. The DAU/MAU ratio stood at 45%, indicating high customer engagement and a level consistent with mature technology companies. The Company continues to expand the functionality of its core app, with a focus on broadening transactional capabilities. New features include a trip-cost calculator and the option to pay for airline tickets in instalments, while the grocery assortment has been expanded through partnerships with Samokat and Dixy. Motorists can now access up-to-date information on petrol availability at filling stations across Russia, pay for comprehensive motor insurance in instalments and obtain insurance for cars up to 20 years old; the aggregator of verified car repair services is now operating in 11 Russian cities with populations of over 1 million. In addition, Multibanking has become available to all customers with accounts at T, and has expanded with the addition of a fifth partner bank.

The Group also continues to strengthen its position in business services. The number of active B2B customers increased by 11% year-on-year to 1.04 mn, reflecting growing demand from businesses for T ecosystem products. The Group expanded advertising opportunities for businesses by launching an external advertising network offering additional promotional formats for ecosystem customers. Hotels gained a personalised promotion tool within the T ecosystem, while integration with the Broniruy Online hotel management platform made it easier to connect to T’s travel service. Car dealers were also given access to a new financing mechanism for purchasing vehicles from individuals.

2. KEY FINANCIAL RESULTS

Key financial metrics (RUB bn)	2Q 2026	2Q 2025	∆	1Q 2026	∆	1H 2026	1H 2025	∆
Interest revenue	282.6	261.2	8%	276.1	2%	558.7	515.1	8%
Service and insurance revenue	122.1	106.4	15%	111.1	10%	233.2	204.1	14%
Revenue	404.7	367.6	10%	387.2	5%	791.9	719.2	10%
Net interest income	157.6	119.6	32%	144.7	9%	302.3	231.0	31%
Net service (fee and commission) income	46.4	40.2	15%	42.9	8%	89.3	75.9	18%
Net insurance income	12.8	11.2	14%	9.8	31%	22.6	22.2	2%
Net revenue	216.8	171.0	27%	197.4	10%	414.2	329.1	26%
Net revenue after provisions	175.3	125.0	40%	151.9	15%	327.2	249.4	31%
Marketing and customer acquisition costs	-34.7	-27.5	26%	-28.5	22%	-63.2	-49.0	29%
Other administrative expenses	-74.5	-61.4	21%	-71.3	4%	-145.8	-121.8	20%
Profit before tax	53.1	62.0	-14%	44.5	19%	97.6	106.7	-9%
Net profit	39.5	46.7	-15%	35.0	13%	74.5	80.2	-7%
Net profit attributable to shareholders	44.3	42.5	4%	38.8	14%	83.1	75.7	10%
Operating net profit*	52.1	41.6	25%	46.5	12%	98.6	74.9	32%
For reference: Adj. EBITDA	101.6	76.2	33%	82.9	23%	184.5	136.2	35%

In 2Q 2026, T-Technologies’ total revenue grew 10% year-on-year to RUB 404.7 bn (2Q 2025: RUB 367.6 bn). The main drivers of growth were interest income and revenue from services provided within the T ecosystem.

Net revenue grew 27% year-on-year to RUB 216.8 bn (2Q 2025: RUB 171.0 bn), with its composition reflecting a highly diversified revenue mix.

T-Technologies’ total operating expenses increased by 23% year-on-year in 2Q 2026 to RUB 109.2 bn (2Q 2025: RUB 88.9 bn). The Company continued to invest heavily in technology development and product engineering.

Operating net profit attributable to the Group’s shareholders, excluding the effects of the investment in IPJSC Yandex, increased by 25% in 2Q 2026 to RUB 52.1 bn (2Q 2025: RUB 41.6 bn). As a result, the Group’s return on equity* amounted to 28.1% in 2Q 2026 (2Q 2025: 28.4%), while ROE across key B2C and B2B operating segments reached 34.4%.

Ratios	2Q 2026	2Q 2025	∆	1Q 2026	∆	1H 2026	1H 2025	∆
Loan portfolio yield	23.8%	25.6%	-1.8 p.p.	23.8%	0 p.p.	23.7%	25.4%	-1.7 p.p.
Net interest margin	11.6%	10.6%	1 p.p.	10.9%	0.7 p.p.	11.2%	10.2%	1 p.p.
Cost of risk	4.7%	6.7%	-2 p.p.	5.3%	-0.7 p.p.	5.0%	5.9%	-0.9 p.p.
Operating net profit margin*	24.0%	24.3%	-0.3 p.p.	23.6%	0.4 p.p.	23.8%	22.8%	1 p.p.
Cost-to-income ratio (C/I)	47.6%	46.0%	1.5 p.p.	47.3%	0.2 p.p.	47.4%	47.0%	0.5 p.p.
Return on equity (ROE)*	28.1%	28.4%	-0.3 p.p.	26.7%	1.4 p.p.	27.4%	26.6%	0.9 p.p.
ROE of key B2C and B2B operating segments	34.4%	27.6%	6.7 p.p.	33.2%	1.2 p.p.	33.8%	27.5%	6.3 p.p.

During the reporting period, the Group maintained its focus on operating efficiency. The operating net profit margin increased quarter-on-quarter to 24.0% in 2Q 2026. The cost-to-income ratio was 47.6%.

The cost of risk amounted to 4.7% in 2Q 2026, down from 6.7% in 2Q 2025 and 5.3% in 1Q 2026. The loan portfolio yield amounted to 23.8% in 2Q 2026 (2Q 2025: 25.6%), reflecting changes in the loan product mix and in interest rates. Net interest margin amounted to 11.6%, compared with 10.6% in 2Q 2025.

Key balance sheet metrics (RUB bn)	30 June 2026	30 June 2025	YoY ∆	31 March 2026	QoQ ∆
Assets	6,272	5,329	18%	5,933	6%
Net loans	3,460	2,776	25%	3,241	7%
Cash and cash equivalents	922	975	-6%	803	15%
Liabilities	5,403	4,603	17%	5,096	6%
Customer accounts	4,369	3,935	11%	4,176	5%
Equity	869	726	20%	837	4%
Equity attributable to shareholders	757	613	23%	720	5%
Operating equity*	764	606	26%	719	6%

In 2Q 2026, T-Technologies’ total assets grew by 18% year-on-year to RUB 6.3 tn (30 June 2025: RUB 5.3 tn).

The Group’s net loan portfolio increased by 25% year-on-year to RUB 3.5 tn (30 June 2025: RUB 2.8 tn). Before provisions, the loan portfolio reached RUB 3.8 tn, up 25% year-on-year (30 June 2025: RUB 3 tn).

Loan portfolio quality metrics	30 June 2026	30 June 2025	YoY ∆	31 March 2026	QoQ ∆
Share of NPLs	7.3%	6.5%	0.8 p.p.	7.5%	-0.2 p.p.
Loan loss allowance ratio	9.3%	8.8%	0.5 p.p.	9.4%	-0.1 p.p.

The share of non-performing loans in the Group’s loan portfolio amounted to 7.3% (30 June 2025: 6.5%). Loss allowance ratio for non-performing loans was 1.3x.

The total volume of customer funds held in Group accounts and assets under management amounted to RUB 6.5 tn, up 17% year-on-year (30 June 2025: RUB 5.6 tn). Customer account balances grew by 11% to RUB 4.4 tn (30 June 2025: RUB 3.9 tn). The customer investment portfolio increased by 29% to RUB 2.3 tn (30 June 2025: RUB 1.7 tn).

The Group’s equity grew by 20% to RUB 869 bn (30 June 2025: RUB 726 bn). All key capital adequacy ratios remained comfortably above the required levels.

Capital adequacy ratios	30 June 2026	30 June 2025	YoY ∆	31 March 2026	QoQ ∆
Tier 1 capital adequacy ratio	11.8%	12.7%	-0.9 p.p.	12.3%	-0.5 p.p.
Total capital adequacy ratio	12.9%	14.0%	-1.1 p.p.	13.5%	-0.6 p.p.

2.1 BUSINESS SEGMENT RESULTS

The table below presents the Group’s IFRS financial results across six separate segments in line with the current logic of Group’s development as a technology ecosystem built around customer needs. The Group has disclosed its results in this format since 1Q 2026 to enhance reporting transparency and provide a fuller view of the contribution made by individual areas of the T ecosystem to the Group’s financial performance.

Key business metrics by segment, RUB bn		2Q 2026	2Q 2025	∆	1H 2026	1H 2025	∆
Daily Services	Net revenue	32.1	30.0	7%	56.9	58.9	-3%
	Adj. EBITDA	6.6	3.3	2.0x	10.1	8.1	25%
	Profit before tax	-0.9	-2.6	-/-	-4.2	-3.5	-/-
Savings and Investment Services	Net revenue	24.0	14.8	62%	43.7	24.3	80%
	Adj. EBITDA	13.6	13.8	-1%	27.8	17.6	58%
	Profit before tax	12.0	11.5	4%	22.9	13.1	75%
Consumer Finance	Net revenue	106.9	78.5	36%	212.0	154.5	37%
	Profit before tax	48.3	20.9	2.3x	94.8	51.8	83%
Total Retail Business (B2C)	Net revenue	163.0	123.3	32%	312.6	237.7	32%
	Profit before tax	59.4	29.8	2.0x	113.5	61.4	85%
B2B	Net revenue	57.0	48.9	17%	107.8	91.4	18%
	Profit before tax	22.0	22.4	-2%	38.1	39.5	-4%
New Business Streams	Net revenue	3.7	2.7	37%	6.9	4.3	60%
	Adj. EBITDA	-2.6	-1.6	-/-	-4.5	-3.9	-/-
	Profit before tax	-4.1	-2.6	-/-	-7.0	-5.6	-/-
Other	Net revenue	-6.9	-3.9	-/-	-13.1	-4.3	-/-
	Adj. EBITDA	4.8	10.6	-55%	2.3	9.9	-77%

The retail business continued to deliver steady growth in 2Q 2026: aggregate net revenue across the relevant segments increased by 32% year-on-year to RUB 163.0 bn. In particular:

Daily Services: net revenue grew 7% year-on-year to RUB 32.1 bn, mainly driven by growth in service revenue amid higher customer engagement. The segment’s adjusted EBITDA doubled year-on-year to RUB 6.6 bn.

Savings and Investment Services: net revenue grew 62% year-on-year to RUB 24.0 bn, driven by increased inflows into deposit and investment products.

Consumer Finance: net revenue grew by 36% year-on-year to RUB 106.9 bn, driven by higher lending volumes and an expanding customer base. The segment’s profit before tax increased 2.3x to RUB 48.3 bn.

B2B: net revenue increased by 17% year-on-year to RUB 57.0 bn, driven by growth in lending to large, medium-sized and small businesses, as well as the launch of new products.

New Business Streams: net revenue increased by 37% year-on-year to RUB 3.7 bn, driven by higher customer transaction activity and the development of the advertising platform. At its current stage of development, the segment is intentionally loss-making in terms of adjusted EBITDA due to substantial investment in new areas of business.

Other (strategic initiatives): the segment’s results primarily reflect the market revaluation of the Group’s stake in IPJSC Yandex and cash flows related to financing the transaction.

CALCULATION OF ADJUSTED EBITDA AND OPERATING NET PROFIT

RUB bn	2Q 2026	2Q 2025	∆	1H 2026	1H 2025	∆
Profit before tax	53.1	62.0	-14%	97.6	106.7	-9%
Interest expense of non-financial companies	6.9	3.4	2.0x	13.4	3.4	3.9x
Depreciation and amortisation of property and equipment, intangible assets and right-of-use assets	12.3	10.5	17%	25.2	19.7	28%
Finance lease expenses	1.1	0.9	22%	2.2	1.8	22%
EBITDA	73.4	76.8	-4%	138.4	131.6	5%
Stock-based compensation expenses	6.4	5.1	25%	10.9	10.3	6%
Yandex revaluation and results attributable to non-controlling interests	21.8	-5.7	-/-	35.2	-5.7	-/-
Adjusted EBITDA	101.6	76.2	33%	184.5	136.2	35%
Net profit	39.5	46.7	-15%	74.5	80.2	-7%
Non-controlling interest	4.8	-4.3	-/-	8.6	-4.5	-/-
Revaluation of investment in Yandex attributable to the Group’s shareholders	6.1	-2.1	-/-	11.1	-2.1	-/-
Interest expense on borrowings attributable to the Group’s shareholders	1.7	1.3	35%	4.4	1.3	3.5x
Operating net profit	52.1	41.6	25%	98.6	74.9	32%

The Group’s financial statements will be available on its website: https://t-technologies.ru and https://t-technologies.ru/results/.

For enquiries:

ir@t-technologies.ru

media@t-technologies.ru

Current information on T-Technologies is available on the website https://t-technologies.ru/, as well as through the official T-Technologies account on the social network for investors Pulse and on its Telegram channel.

Important Legal Information

The information and statements contained or referred to in this announcement do not constitute or form part of, and should not be construed as, any public offer under any applicable legislation or an offer to sell or solicitation of any offer to buy any securities or financial instruments or any advice or recommendation with respect to such securities or other financial instruments. The distribution of this document in certain jurisdictions may be restricted by law. Recipients are required by the Group to inform themselves about and to observe any such restrictions. No liability to any person is accepted in relation to the distribution or possession of this document in any jurisdiction.

Forward-looking statements

Some of the information in this announcement may contain projections or other forward-looking statements regarding future events or the future financial performance of the Group. You can identify forward-looking statements by terms such as «expect», «believe», «anticipate», «estimate», «intend», «will», «could», «may» or «might», the negative of such terms or other similar expressions. The Group wishes to caution you that these statements are only predictions, and that actual events or results may differ materially. The Group does not intend to update these statements to reflect events and circumstances occurring after the date hereof or to reflect the occurrence of unanticipated events. Many factors could cause the actual results to differ materially from those contained in projections or forward-looking statements of the Group, including, among others, general economic conditions, the competitive environment, risks associated with operating in Russia, rapid technological and market change in the industries the Group operates in, as well as many other risks specifically related to the Group and its respective operations.

About T-Technologies

T-Technologies is a technology company that is developing an ecosystem of financial and transactional services. Branchless since its inception in 2006, the company developed a full range of in-house proprietary technology solutions and services, including digital banking, brokerage, acquiring and other merchant solutions, insurance, SME banking and much more.

*Attributable to shareholders, excluding the effects of the investment in IPJSC Yandex.