HC SDS-Coal

Performance indicators

2024: Loss - 5.25 billion rubles

As TAdviser found out in early October 2025, one of the largest coal mining companies in the Russian Federation SDS-Ugol (JSC HC SDS-Ugol) received a net loss of 5.25 billion rubles in 2024. For comparison, a year earlier, net profit was shown in the amount of 363.45 million rubles.

Revenue in 2024 amounted to 14.4 billion rubles: this is 4.1% less than in the previous year, when the figure was 15.02 billion rubles. The cost of sales on an annualized basis increased by 12.9% - from 10.77 billion rubles to 12.15 billion rubles. Under the article "other income" there was an increase of 4.6% - from 9.05 billion rubles to 9.47 billion rubles. Other expenses jumped by 63.1%, reaching 14.76 billion rubles against 9.05 billion rubles in 2023. Commercial expenses decreased from 2.68 billion rubles to 596.17 million rubles, that is, by 77.8%. Management expenses fell by 20.5% - from 794.34 million rubles to 631.3 million rubles.

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Фото: Freepik

Revenues from the sale of products, goods, works and services decreased by 7% year-on-year - from 14.58 billion rubles to 13.56 billion rubles. Payments to suppliers (contractors) for raw materials, materials, works and services soared by 40.7%, reaching 12.21 billion rubles against 8.68 billion rubles in 2023. The costs associated with the remuneration of employees amounted to 522.72 million rubles, which is 12.9% less than in 2023, when they amounted to 599.82 million rubles.

Accounts receivable of SDS-Ugol as of December 31, 2024 are indicated in the amount of 9.52 billion rubles: this is 30.9% less than the previous year (13.78 billion rubles). Accounts payable decreased by 35.9% - from 7.24 billion rubles to 4.64 billion rubles. The volume of borrowed funds decreased from 5.21 billion rubles to 2.25 billion rubles, that is, by 56.9%.^[1]

2021: Dozens of miners killed at Listvyazhnaya mine

At the Listvyazhnaya mine in the Kemerovo region in November 2021, 51 people were previously killed, including six rescuers. The mine is part of the SDS-Ugol holding.

In December 2021, nine people were arrested in the case of an accident in the Listvyazhnaya mine, including employees of the regional Rostekhnadzor, top managers of SDS-coal, the owner of half of the holding's shares and a member of the board of directors Mikhail Fedyaev. The judge read out a transcript of the telephone conversations of the SDS leadership during the days of the liquidation of the accident. They said that it was necessary to forge documents on the purchase of security equipment for miners, which the company had not previously purchased.

2020: Rising coal prices

Coal prices in 2020 rose to record levels. "Foliage" produces thermal coal brand "D" part of which is exported. Mark is used in the work of coal boilers for the closure of which the authorities took up throughout the country. Due to the coronavirus, plans to avoid coal had to be postponed.

2018: Appeal for support to the Administration of the Kemerovo region and restructuring of loans

The coal crisis that erupted in 2018-2019 forced the company to seek support from the Administration of the Kemerovo Region, because the holding company was unable to service its loans. Under the guarantees of the administration of the Kemerovo region - Kuzbass and Mintopenergo, the loans of the SDS holding, as a large employer and the main state contractor in the region, were restructured.

2016

In 2016, the company began selling off assets. At this time, she owns:

• coal mine "Chernigovsky";
• received 7 coal mines and 3 enrichment plants of the Prokopyevskugol association as a gift to the company,
• Kiselevskaya mine.

Notes