2024 Highlights
Operating indicators
| Indicator | 2022 | 2023 | 2024 | Δ 2024/2023, % |
|---|---|---|---|---|
| Billion passenger‑km travelled | 81.2 | 91.4 | 95.8 | 104.8 |
| On trains made up by JSC FPC | 79.9 | 89.9 | 94.2 | 104.7 |
| Deregulated segment | 32.9 | 39.2 | 42.1 | 107.4 |
| 31.2 | 37.5 | 40.3 | 107.4 |
| 1.6 | 1.7 | 1.8 | 108.9 |
| Regulated segment | 47.1 | 50.8 | 52.1 | 102.6 |
| On trains made up in the CIS and Baltic States | 1.2 | 1.4 | 1.6 | 111.9 |
| Passengers carried, million passengers | 95.9 | 108.1 | 112.7 | 104.3 |
| 40.5 | 47.3 | 50.5 | 106.7 |
| 55.5 | 60.7 | 62.2 | 102.5 |
| Average train make‑up, carriages (TsO‑33 format) | 11.9 | 12.3 | 12.2 | 99.1 |
Drivers behind the change in passenger‑km travelled in 2024
Regulated segment:
- change in transport activity of the population (+2.8% vs. 2023)
- replacement of single‑decker trains with double‑decker ones (–0.4% vs. 2023)
- marketing promotions (+0.2% vs. 2023)
Deregulated segment:
- change in international rail service (+0.8% vs. 2023)
- change in transport activity of the population (+4.1% vs. 2023)
- replacement of single‑decker trains with double‑decker ones (+0.8% vs. 2023)
- marketing promotions (+1.9% vs. 2023)
Financial indicators
In 2024, income from operations totalled RUB 372.9 billion (+118.1%). The growth in income from core activities was driven by an increase in traffic volumes, indexation of tariffs and service charges, the rollout of marketing tools, and higher volumes of additional services, goods sold on trains, and repairs and maintenance of clients' rolling stock.
EBITDA consequently benefited from the rise in incomes, reaching RUB 66.7 billion by the end of 2024. Meanwhile, the EBITDA margin, which came to 17.9%, also stayed high.
As a result of the increase in passenger‑km and EBITDA, the Company's debt burden improved and dropped to a reasonable level of 0.77x in 2024 compared to 2023 results.
Sustainable development indicators
Increase in labour compensations and benefits package
As of year‑end 2024, JSC FPC's employees had higher incomes, both in terms of wages and social benefits. The average salary in the Company totalled RUB 93,096, up 24.7% (with wage indexation of 9.2%).