MOSCOW — 20 November 2025.
IPJSC T-Technologies (MOEX: T), a technology company developing a financial and lifestyle ecosystem, announces its consolidated IFRS financial results for the three and nine months ended 30 September 2025.

• Total revenue in 3Q’25 increased by 39% year-on-year to RUB 367 bn.
• Revenue grew by 69% year-on-year in 9M’25, exceeding RUB 1 tn.
• The number of monthly active customers increased by 9% year-on-year, reaching 34 mn as of the end of 3Q’25.
• Operating net profit* attributable to the Group’s shareholders (excluding non-controlling interest and the effects of an investment in Yandex) increased by 19% year-on-year to RUB 45.2 bn in 3Q’25.
• In 9M’25, the Group’s operating net profit* exceeded RUB 120 bn (increased by 43% year-on-year).
• Return on equity* in 3Q’25 amounted to 29.2%.
• Dividends: the Group’s Board of Directors recommended paying out dividends in the amount of RUB 36 per share based on 3Q’25 results.
• 2025 guidance: the Group’s operating net profit* is expected to grow by at least 40%, with return on equity of around 30%.
• Buyback: the Group’s Board of Directors launched a new programme to buy back up to 5% of T shares; the programme will remain in effect until the end of 2026.

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

«For the first time in T’s history, revenue exceeded RUB 1 tn in the first nine months of the year. That’s more than in all of 2024. Our high-tech business has already reached an impressive scale, with one in two working-age residents of Russia using our ecosystem products. At the same time, we see massive potential for growth across our key markets. Thanks to customers’ strong loyalty to the T ecosystem, our share of household funds and loans has reached 6,7% and continues to grow. Our penetration in consumer transactions has surpassed 14% thanks to the development of convenient payment services for every aspect of daily life. We are also expanding our growth opportunities in B2B markets by scaling the T ecosystem for small, medium-sized and large businesses.

Our operating net profit for January-September 2025 reached RUB 120 bn, an increase of 43% year-on-year and close to our profit level for all of the previous year. In 3Q 2025, operating net profit exceeded RUB 45 bn, and return on equity reached 29.2%. Given our strong quarterly results, we reaffirm our guidance for operating net profit growth of 40% or more in 2025, while expecting return on equity to be around 30% for the year.

We continue to improve our business efficiency by integrating AI technologies into our operating processes. These technologies are already having a major economic effect in customer service, machine-learning models for lending and anti-fraud solutions. We consider tools that enhance our employees’ performance to be indirect effects. For example, our AI tools are accelerating the full development cycle: more than a third of the our code is already being written with the help of AI, which is shortening our products’ time to market. The direct effect of AI on our operations exceeds tens of billions of roubles per year, while indirect effects at the Group level are considerably higher».

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

«The priority for T-Technologies’ Board of Directors and management remains driving efficient business growth and returning capital to shareholders. Over the past year, we have adhered to the practice of quarterly dividend payments. For 3Q 2025, the Group’s Board of Directors has recommended a dividend of RUB 36 per share, bringing the total dividend payment per T share for the past four quarters to RUB 136.

While remaining confident in the strategic development and growth of our business, the Group’s Board of Directors is initiating a new share buyback programme to be used for the purposes of long-term management incentives. From now until the end of 2026, the Company plans to repurchase up to 5% of the Group’s total shares. This corresponds to approximately 10% of T’s total free float. The pace of share buybacks from the market may be accelerated in the event of material deviations between the Group’s current market capitalisation and its fundamental value».

1. KEY OPERATING METRICS

T Ecosystem	3Q 2025	3Q 2024	∆	2Q 2025	∆
Total customers, mn	52.8	45.7	16%	51.7	2%
Active customers, mn	34.0	31.4	9%	33.5	1%
Monthly active users (MAU), mn	33.9	31.0	9%	33.5	1%
Daily active users (DAU), mn	15.7	14.2	11%	15.5	1%

2. OVERVIEW OF FINANCIAL AND OPERATING PERFORMANCE

RUB bn	3Q 2025	3Q 2024	∆	2Q 2025	∆	9M 2025	9M 2024	∆
Interest income	277.6	193.6	43%	263.4	5%	797.0	439.7	81%
Interest expense	-142.5	-86.8	64%	-136.1	5%	-415.9	-177.6	2.3x
Net interest income	130.7	103.7	26%	123.3	6%	368.8	254.6	45%
Net interest income after provisions	84.7	61.7	37%	77.2	10%	243.0	168.5	44%
Fee and commission income	60.8	49.6	23%	56.0	9%	167.7	126.0	33%
Fee and commission expense	-22.3	-20.1	11%	-22.0	1%	-65.2	-54.1	20%
Net fee and commission income	38.5	29.5	31%	34.0	13%	102.5	71.9	43%
Total operating expenses	-90.6	-74.8	21%	-87.9	3%	-259.1	-189.6	37%
Profit before tax	52.9	46.2	15%	62.0	-15%	159.6	104.1	53%
Net profit	40.1	37.8	6%	46.7	-14%	120.4	83.5	44%
Net profit attributable to shareholders	40.1	38.1	5%	42.5	-6%	115.6	83.9	38%
Operating net profit*	45.2	38.1	19%	41.6	9%	120.1	83.9	43%

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

Ratios	3Q 2025	3Q 2024	∆	2Q 2025	∆	9M 2025	9M 2024	∆
Return on equity (ROE)*	29.2%	38.3%	-9.1 p.p.	28.4%	0.8 p.p.	27.6%	32.9%	-5.3 p.p.
Net interest margin	10.7%	11.5%	-0.8 p.p.	10.9%	-0.2 p.p.	10.5%	11.8%	-1.3 p.p.
Cost of risk	6.1%	8.2%	-2.1 p.p.	6.7%	-0.6 p.p.	6.0%	7.3%	-1.3 p.p.

* Operating return on equity, attributable to shareholders, excluding the effects of the investment in IPJSC Yandex

RUB bn	30 September 2025	30 June 2025	∆	31 December 2024	∆	30 September 2024	∆
Total assets	5,700	5,326	7%	5,118	11%	4,967	15%
Net loans and advances to customers	2,938	2,774	6%	2,537	16%	2,597	13%
Cash and cash equivalents	1,190	975	22%	1,427	-17%	1,267	-6%
Liabilities	4,954	4,601	8%	4,597	8%	4,464	11%
Customer accounts	4,244	4,000	6%	4,010	6%	3,905	9%
Total equity	747	726	3%	521	43%	503	48%
Total equity attributable to shareholders	634	613	3%	520	22%	501	27%
Operating equity*	632	606	4%	520	22%	501	26%

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

Ratios	30 September 2025	30 June 2025	∆	31 December 2024	∆	30 September 2024	∆
Share of NPLs	7.2%	6.5%	0.6 p.p.	5.8%	1.4 p.p.	5.3%	1.9 p.p.
Tier 1 capital ratio	14.0%	14.0%	0 p.p.	12.8%	1.2 p.p.	13.1%	0.9 p.p.
Total capital ratio	14.0%	14.0%	0 p.p.	12.8%	1.2 p.p.	13.1%	0.9 p.p.

The number of active T customers grew by 1% quarter-on-quarter and by 9% year-on-year to 34 mn, with the total number of customers reaching 52.8 mn as of the end of September 2025.

Total turnover from customer purchases in 9M’25 increased by 15% year-on-year to RUB 7.2 tn. The GMV of the Company’s transactional and lifestyle services (such as City and Travel) exceeded RUB 175 bn during this period.

In 3Q’25, T-Technologies’ total revenue grew by 39% year-on-year to RUB 367 bn (3Q’24: RUB 264 bn). Gross interest income increased by 43% year-on-year to RUB 278 bn (3Q’24: RUB 194 bn), driven by portfolio expansion and changes in market rates.

Gross yield on the loan portfolio in 3Q’25 was 25.9% (3Q’24: 26.2%), reflecting changes in the structure of loan products.

In 3Q’25, interest expense increased by 64% year-on-year to RUB 143 bn (3Q’24: RUB 87 bn). The cost of borrowing rose from 10.7% in 3Q’24 to 12.9% in 3Q’25, reflecting changes in market interest rates.

Net interest income increased by 26% year-on-year to RUB 131 bn (3Q’24: RUB 104 bn).

Fee and commission income grew by 23% to RUB 61 bn (3Q’24: RUB 50 bn), driven by an expanded product line-up and growing customer base. Net fee and commission income in 3Q’25 increased by 31% to RUB 39 bn (3Q’24: RUB 29.5 bn).

The cost of risk decreased to 6.1% in 3Q’25, down from 8.2% in 3Q’24. The risk-adjusted net interest margin remained 6.9% in 3Q’25 (3Q’24: 6.9%).

Net operating income grew by 27% year-on-year to RUB 187 bn. The share of net revenue not connected with retail lending in 3Q’25 was 58%, evidence of the Company’s diversified business model.

As of the end of 3Q’25, the Group had 52.8 mn customers, including:

• 45.3 mn daily banking and lifestyle customers;
• 9.3 mn T-Investments customers;
• 1.6 mn customers in the SME segment.

In 3Q’25, the Group’s total operating expenses increased by 21% year-on-year to RUB 91 bn (3Q’24: RUB 75 bn), driven by expansion of the customer base and investments in the IT platform and personnel.

Operating net profit attributable to the Group’s shareholders, excluding the effects of the investment in Yandex, increased by 19% in 3Q’25 to RUB 45.2 bn. As a result, the Group’s return on equity in 3Q’25 amounted to 29.2%.

In 3Q’25, total assets increased by 15% year-on-year to RUB 5.7 tn (30 September 2024: RUB 5.0 tn).

The Group’s net loan portfolio increased by 13% year-on-year in 3Q’25 to RUB 2.9 tn (30 September 2024: RUB 2.6 tn). The Group’s total loan portfolio grew by 15% to RUB 3.2 tn (30 September 2024: RUB 2.8 tn).

The Group’s NPL ratio was 7.2% (30 September 2024: 5.3%). The NPL coverage ratio was 128%.

Total customer funds along with assets under management amounted to RUB 6.1 tn, an increase of 23% year-on-year (30 September 2024: RUB 5.0 tn). The Group’s customer funds grew by 9% to RUB 4.2 tn (30 September 2024: RUB 3.9 tn), while the total investment portfolio of Group customers expanded by 50% to RUB 1.9 tn (30 September 2024: RUB 1.3 tn).

The Group’s equity increased by 48% to RUB 747 bn (30 September 2024: RUB 503 bn).

T-TECHNOLOGIES GROUP SHARE BUYBACK FROM THE MARKET

The Group’s Board of Directors has decided to launch a new share buyback programme for T-Technologies that provides for the purchase from the market of up to 5% of the Company’s total shares. The programme will run until the end of 2026 or until the specified maximum number of shares has been purchased, unless it is extended or terminated earlier. The pace of share buybacks from the market may be accelerated in the event of material deviations between the Group’s current market capitalisation and its fundamental value. The Group intends to use the shares acquired under the programme for its employee incentive programme. More than 1,000 T employees currently participate in the long-term incentive programme, and the Company plans to increase the number of participants to 1,500 over the next few years.

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@tbank.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 lifestyle services. Branchless since its inception in 2006, 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.