IEK Group's capital expenditures under IFRS for the first half of 2025 amounted to 2.3 billion rubles. Most of the costs were spent on preparing for the launch of a new production complex in Balabanovo, maintaining and developing the main production facilities and M&A transactions. This was announced by the company.
The net debt-to-EBITDA ratio was 2.2x compared to 1.8x for the year ended December 31, 2024. The dynamics of net debt reflects the growth of borrowed capital for investment activities (including the purchase, construction and modernization of production sites), as well as M&A activity.
In 2025, it was decided to fully integrate the former assets of the Legrand group into the structure of the IEK GROUP, which, due to synergetic effects and cost optimization, will create the basis for increasing margins in the future.
In June 2025, the IEK GROUP completed the strategic acquisition of EMBIOT, a developer of solutions for IIoT, smart cities, and infrastructure lighting. The atmiot platform is included in the Russian software registry, which allows it to meet new tender requirements for the priority purchase of domestic software and the transition of critical information infrastructure facilities to Russian solutions from September 1, 2025.
IEK Group is a Russian manufacturer of integrated solutions in the field of electrical engineering and industrial automation. Over the past five years, the IEK GROUP's portfolio has included several brands: LEDEL — lighting equipment, MasterSCADA — automation and dispatching software, NEOSUN — new generation solar panels and lithium-ion batteries, FEREKS — LED lamps, TEKFOR - electrical products made of plastic. The IEK GROUP also includes the Russian assets of the French company Legrand Group.
IEK Group's net profit under IFRS for the first half of 2025 increased by 28% to RUB 4.8 billion from RUB 3.7 billion a year earlier. Revenue increased by 19% to RUB 26.8 billion from RUB 22.5 billion, and EBITDA increased by 19% to RUB 7.5 billion from RUB 6.3 billion.
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