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Performance indicators
2024: Revenue growth by a third to 25.4 billion rubles
In 2024, the IT company LUKOIL Technologies received 25.41 billion rubles in revenue. This is a third more compared to the previous year, when the result of 19.07 billion rubles was shown. Such data are contained in the accounting documentation, which TAdviser got acquainted with in early August 2025.
The cost of sales year-on-year increased by 32.6% - from 17.14 billion rubles to 22.73 billion rubles. Commercial expenses jumped by 167.8%, reaching 239.66 million rubles against 89.48 million rubles in 2023. Management expenses rose from 929.2 million rubles to 1.09 billion rubles, that is, by 17.3%. Under the article "other income," approximately 30-fold growth was recorded - from 5.36 million rubles to 159.3 million rubles. Other expenses amounted to 351.93 million rubles against 206.22 million rubles in 2023 (plus 70.7%).
Revenues from the sale of products, goods, works and services increased by about one and a half times - from 15.58 billion rubles to 23.13 billion rubles. Payments to suppliers (contractors) for raw materials, materials, works and services rose from 10.9 billion rubles to 18.27 billion rubles - by 67.6%. Expenses in connection with the remuneration of employees increased by 44.1% - from 4.57 billion rubles to 6.59 billion rubles.
Gross profit in 2024 reached 2.68 billion rubles: this is 38.6% more than in the previous year, when it was 1.94 billion rubles. Profit from sales rose almost one and a half times, amounting to 1.35 billion rubles against 916.59 million rubles in 2023. Net profit increased by 51.5% - from 529.61 million rubles to 802.37 million rubles.
Accounts receivable as of December 31, 2024 are indicated in the amount of 14.06 billion rubles, which is 28.3% more than in the previous year (10.96 billion rubles). Accounts payable decreased by 16.6% - from 17.04 billion rubles to 14.21 billion rubles.[1]
2023: Revenue growth of 75%
As TAdviser found out, in 2023, the revenue of its subsidiaries Lukoil - LUKOIL Technologies - increased by 75% compared to 2022 and amounted to about 19.1 billion rubles. According to the database of legal entities "Kontur. Focus," "LUKOIL Technology" ended the year with a net profit of 529.6 million rubles.
From the explanations to the balance sheet and the report on financial results for 2023, published in the database of the Federal Tax Service, it follows that the largest share of revenue - over 9.2 billion rubles - fell on the direction of integrated management systems and corporate information systems. It includes the development and support of all centralized, sectoral and specialized information systems that ensure the operation of Lukoil Group enterprises: from intelligent solutions for intelligence and mining enterprises to the corporate system of management of sales organizations.
Central to all systems is a global solution, the Integrated Management System (IMS). It was introduced in more than 100 organizations of the Lukoil group, it is used by about 18 thousand employees of the company.
The technological basis of the ICS is. software SAP Judging by the published vacancies, despite the departure of the German vendor from, Russia its active development continues in 2024. So, in one of the vacancies opened in March 2024, it is said that Lukoil is now implementing a program to create a unified integrated system of grassroots budgeting and tax planning on the SAP BPC[2]) platform.]
The direction of integrated management systems and corporate information systems by share in the turnover is followed by construction, installation and design and survey work - revenue from them amounted to about 2.8 billion rubles, as well as computer and office equipment - 2.1 billion rubles.
About 972 million rubles of the company brought a direction related to local information systems. Here, the technological basis is represented by 1C products. It includes accounting information systems for the centralized business process of accounting and tax accounting of Lukoil Group enterprises.
And about 917 million rubles of revenue in 2023 "LUKOIL Technology" brought the direction of information security.
Among the major IT projects of 2023 at Lukoil is a complete transition to a system of personnel electronic document management (KEDO). After testing at several enterprises of the company, from the beginning of 2023, a phased transition of all Russian subsidiaries[3] was planned at KEDO].
The average number of employees at LUKOIL Technologies in 2023 reached 1.119 thousand people, while in 2022 it was 918 people, as indicated in the explanations to the balance sheet and financial results report.
The turnover of LUKOIL Technologies in 2023 increased against the background of a decrease in revenue and net profit of its parent company, PJSC Lukoil: for the latter, these indicators decreased by 4% and 17%, respectively.
History
2022: Revenue growth by 17.9% to RUB 10,889 million
At the end of 2022, the revenue of LUKOIL Technologies increased by 17.9% to 10,889 million rubles (revenue from the financial statements for 2021-2022 excluding VAT). In the ranking " TAdviser100: The largest IT companies in Russia 2023," such an indicator allowed the company to take 48th place.
2021: Revenue growth by 13.1% to RUB 9,238 million
At the end of 2021, LUKOIL Technology 's revenue amounted to 9,238 million rubles, an increase of 13.1% compared to 2020, which allowed it to take 61st place in the ranking of TAdviser100: The largest IT companies in Russia 2022. The revenue from the financial statements for 2020-2021 is indicated. Excluding VAT.
2020: Revenue growth by 0.4% to RUB 8,171 million
At the end of 2020, LUKOIL Technology 's revenue amounted to 8,171 million rubles, an increase of 0.4% compared to 2019, which allowed it to take 53rd place in the ranking of TAdviser100: The largest IT companies in Russia 2021.
2018: Creation of the company. CEO Rinald Khamidullin
In November 2018, OOO LUKOIL Technologies was registered. It, like OOO Lukoil-Inform, is 100% owned by PJSC LUKOIL. Rinald Khamidullin was appointed General Director. In February 2019, it became known that the management of the parent company decided to withdraw LUKOIL-Inform beyond the perimeter of the group. In free float, the company will provide communication and telecommunications services.
It was reported that LUKOIL Technologies will focus on IT services for integrated management systems, information security, VIP services, and maintenance of corporate IT infrastructure.
 | "LUKOIL-Technologies as an integrator of information solutions of the LUKOIL Group today has ambitious tasks. To solve them, competence centers are created for critical IT services and innovative areas. The company will be assigned to the implementation of IT projects, technical support for users and services related to information security, as well as ensuring the operation of the corporate infrastructure of ITO, "said Alexander Podolsky, Head of the ITO Department of PJSC LUKOIL. |  |
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