Uralelectromed

The company specializes in the production of refined (refined) copper in sheets, copper vitriol, rare earth and precious metals.

Performance indicators

2024: Revenue growth by 30% to 74.5 billion rubles

As TAdviser found out in early September 2025, the Uralelectromed metallurgical plant recorded revenue of 74.54 billion rubles at the end of 2024. This is about 30% more than in the previous year, when the result of 57.38 billion rubles was shown.

The cost of sales on an annualized basis increased from 46.33 billion rubles to 61.49 billion rubles. Commercial expenses amounted to 502.92 million rubles against 510.52 million rubles in 2023. At the same time, management expenses increased from 4.87 billion rubles to 6.43 billion rubles. Other revenues decreased year-on-year from 7.25 billion rubles to 6.58 billion rubles, while other expenses decreased from 20.04 billion rubles to 5.49 billion rubles.

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Фото: Freepik

Payments to suppliers (contractors) for raw materials, materials, works and services for the year rose from 34.2 billion rubles to 48.45 billion rubles. Expenses in connection with the remuneration of workers increased from 9.68 billion rubles to 12.23 billion rubles. Revenues from the sale of products, goods, works and services in 2024 amounted to 65.06 billion rubles, while a year earlier they were at the level of 56.17 billion rubles.

In 2024, Uralelectromed received a gross profit of 13.05 billion rubles. For comparison, a year earlier this figure was 11.05 billion rubles. Profit from sales increased from 5.67 billion rubles to 6.12 billion rubles. The company showed 3.6 billion rubles of net profit, while in 2023 8.88 billion rubles of net losses were received.

Accounts receivable as of December 31, 2024 are indicated in the amount of 13.83 billion rubles against 5.77 billion rubles a year earlier. Accounts payable rose from 5.81 billion rubles to 9.5 billion rubles. At the same time, the size of borrowed funds decreased from 22.74 billion rubles to 16.59 billion rubles.^[1]

History

2025: Sale of Prostokishenka to Sibzoloto Holding

In December 2025, it became known that the Uralelectromed company, which is part of the UMMC, sold the structure of the Sibzoloto holding company Prostokishenka, which owns a license to develop the Bolshaya Prostokishenka platinum deposit in the Sverdlovsk Region. Experts estimate the cost of acquisition in the range of 2-10 million rubles, which is significantly lower than the necessary investments in the development of the field, which, according to estimates, range from 150 to 250 million rubles. Platinum reserves at the site were estimated at 419 kg as of 2011, and production in 2015 amounted to 13.6 kg. Read more here

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