off-the-wire

Nornickel H1 net profit doubled to $2 billion

Kitco Media
By Reuters
Published:
Updated:
Reuters
Nornickel H1 net profit doubled to $2 billion teaser image

Russia’s Norilsk Nickel, the world’s largest palladium producer, said on Friday that its net profit for the first six months of 2026 had doubled to $2 billion from $842 million in the first six months of 2025.

Nornickel’s revenues grew by 28% to $8.3 billion while earnings before interest, tax, depreciation and amortization (EBITDA) were up by 50% to $3.9 billion, it said.

(By Gleb Stolyarov and Anastasia Teterevleva; Editing by Andrew Osborn)

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