Route, G/L

The Group of Companies "Route" was formed on May 29, 1997.

The company "Route" sells fuel through its own network of gas stations. It operates in the field of wholesale sale and storage of petroleum products, is engaged in the transportation of fuel by fuel trucks of the company.

Provides services for the design and construction of gas stations.

Performance indicators

2025: Revenue growth by a third to 250 billion rubles

At the end of 2025, EuroTrans PJSC (owns the Route gas station network) recorded revenues of more than 250 billion rubles. This is a third more compared to the previous year, when the indicator was at the level of 186 billion rubles. The company released such data in mid-January 2026.

Profit before interest, taxes and depreciation (value EBITDA) in 2025 exceeded 24 billion rubles. For comparison, a year earlier it was estimated at 16.9 billion rubles. Thus, there was an increase of about 43%.

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Фото: Freepik

The debt burden, including leasing, decreased by more than 500 million rubles in relation to September 30, 2025, EuroTrans said in a statement.

Net debt/EBITDA at the end of 2025 was less than 2.4x versus 2.5x at the end of the third quarter of this year. According to the dividend policy, EuroTrans seeks to direct at least 40% of profits for IFRS each reporting period to shareholders.

In July 2025, the Expert RA rating agency assigned the creditworthiness rating of EuroTrans at ruA-, the rating outlook is stable. In August 2025, EuroTrans received credit ratings from the NKR rating agency (A-.ru with a stable forecast) and the National Rating Agency (NRA; "A-|ru |," the forecast is stable). In September 2025, the credit rating of EuroTrans was confirmed by the Analytical Credit Rating Agency (ACRA) at the level of A- (RU) with a stable forecast.

The EuroTrans group operates 56 gas stations located in Moscow and the Moscow region. The company owns a fleet of fuel trucks, an oil depot, a factory for the production of windshield washer liquid, a kitchen factory for the production of products for its own cafes, as well as four restaurants with an area of ​ ​ 800 square meters each.^[1]

2024: Revenue growth by 47% to RUB 186.19 billion

At the end of 2024, EuroTrans, the owner of the Route gas station network, recorded revenue of 186.19 billion rubles. This is 47% more than the result for the previous year, when the company received 126.76 billion rubles. Such data are reflected in the accounting documentation, which TAdviser got acquainted with at the end of April 2025.

The cost of sales on an annualized basis increased from 114.39 billion rubles to 169.67 billion rubles. In 2024, EuroTrans's net profit reached 5.54 billion rubles, which is 7.4% more than in 2023, when the company earned 5.16 billion rubles.

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Фото: Freepik

The volume of non-current assets as of December 31, 2024 is indicated in the amount of 55.77 billion rubles against 42.43 billion rubles a year earlier. Current assets increased year-on-year from 42.56 billion rubles to 48.11 billion rubles. Administrative expenses rose from 991.15 million rubles to 1.02 billion rubles. Sales and distribution expenses increased from 224.94 million rubles to 342.88 million rubles.

The published financial report says that as of December 31, 2024, the company's shareholders are: Oleg Alekseenkov (1.38% in the authorized capital), Sergey Alekseenkov (7.31%), Nikolai Doroshenko (7.29%), Igor Martyshov (43.17% in the authorized capital - the ultimate controlling owner), as well as other legal entities and individuals (40.85%). The EuroTrans group of companies includes the parent company of EuroTrans PJSC and its subsidiaries: ZAO Trunk Oil (76%), LLC Vector (100%), LLC Route Fuel and Lubricants (96%), JSC Route-Fin Tech (76%), JSC Fuel Integrator Route (76%). The Group has concluded lease agreements for gas stations and some other facilities (kitchen factory, oil depot, etc.), which it uses in its operating activities.^[2]

History

2023: Raising 13.5 billion rubles through IPO

On November 21, 2023, trading in shares of the EuroTrans fuel company began on the Moscow Exchange. She conducted an IPO at a price of 250 rubles for a security, which allowed the owner of the Trusta gas station to attract 13.5 billion rubles.

The IPO of EuroTrans PJSC was carried out by collecting OTC and exchange applications. As a result, about 20 thousand retail investors became shareholders of the company. The main shareholders of the company took advantage of the pre-emptive right and additionally purchased shares worth 1.2 billion rubles. A subsidiary of Route Fuel and Lubricants acquired shares of EuroTrans for 1 billion rubles as part of an offer for an additional purchase of shares. The remaining 11.3 billion rubles were attracted from a wide range of individuals and legal entities, the press service of EuroTrans said.

EuroTrans plans to spend the funds raised on investments. In particular, up to 10 billion rubles will be directed to the construction of new and the transformation of all existing gas stations into universal ones - with charges for electric vehicles and gas refueling. The rest of the raised funds is planned to be directed to the early redemption of gas stations from leasing.

EuroTrans shares are included in the quotation list of the first level of the Moscow Exchange, the trading code is EUTR. The main shareholders of EuroTrans are Igor Martyshov (65%), Nikolai Doroshenko (15%), Sergey Alekseenkov (15%) and Oleg Alekseenkov (5%).

By November 2023, EuroTrans is in second place in terms of sales among independent operators of gas station networks in Moscow and the Moscow Region, in total the company owns: 54 gas stations "Route," 41 fuel trucks, an oil depot, a factory for the production of windshield washing liquid, a factory-kitchen for the production of products for its own cafes, as well as four restaurants with an area of ​ ​ 800 square meters. m each.^[3]

2022: A development strategy focusing on a network of charging stations for electric vehicles

Co-owners of Eurotrans JSC, which owns the Route gas station, Sergey Alekseenkov and Nikolai Doroshenko in December 2022 told Vedomosti about the strategy of their business with an emphasis on the development of charging stations for electric vehicles. In 2023, the company plans to enter an IPO. Alekseenkov and Doroshenko intend to raise capital to finance the further expansion of Eurotrans.

According to the company itself, it ranks second among independent gas station operators in the Moscow region. Alekseenkov noted that the entire Eurotrans business is located inside the Central Ring Road. "The existing geography of the location of the ABC contributes to the achievement of high operational indicators due to the increased traffic congestion of the region," Alekseenkov argues.

Among the further plans, according to Doroshenko, the creation of electric stations at all gas stations "Route." At the end of 2022, the company has seven full-fledged ultra-fast electric gas stations that allow you to charge a car in half an hour. "The segment of electric filling stations is very profitable, it is much more profitable than the gasoline part. If we compare with the sale of fuel, then the electric segment is almost 2 times more efficient for us. The sale of electricity itself is more efficient, and the client spends time at the facility, which gives us the opportunity to offer him additional services, "Doroshenko emphasized.

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