About the company Astra Group
Security pageAstra Group is a Russian developer of system software. Its main product is an operating system used in government institutions and in companies with heightened requirements for information security. The shares trade on the Moscow Exchange under the ticker ASTR.
What the company does
The company sells licences for its operating system and related products — tools for virtualisation, backup and infrastructure management. The economics here are the same as in any software business: development is expensive once, while each additional copy sold costs next to nothing.
What sets the demand apart is that it is largely regulatory. Government institutions and companies with critical infrastructure are obliged to switch to domestic software, and this is not a decision about convenience but a requirement. Such demand is predictable, but it is also limited to the circle of those who are obliged.
Growth comes from breadth — from selling a single client additional products of the ecosystem instead of the operating system alone.
Business lines
Operating system
The core product, used wherever there are requirements for information security.
Ecosystem products
Virtualisation, backup, infrastructure management, development tools.
Support and training
Support for deployments and training of the customer's specialists.
History
- 2008Development of a secure operating system begins.
- 2010-еCertification of the product for use in government information systems.
- 2022The departure of foreign suppliers turns the switch to domestic software into a mass movement.
- 2023Listing of the shares on the Moscow Exchange.
Business review
Strengths and weaknesses describe the business itself. Opportunities and threats describe what may happen around it.
Strengths
- The position of the main domestic supplier of an operating system for organisations with heightened security requirements.
- The migration of clients to the new platform is spread over years and generates recurring revenue from support.
Weaknesses
- Demand derives from a regulatory requirement rather than from market competition: an easing of the requirements changes the picture.
- The capacity of the domestic market is limited, and expanding beyond it is difficult.
- The valuation of the business assumes that high growth rates will be sustained.
Opportunities
- Requirements to switch to domestic software widen the circle of customers who are obliged to do so.
- Selling additional products to existing clients is cheaper than acquiring new ones.
- The departure of foreign vendors has opened up the system software market.
- Licence economics: each additional copy costs next to nothing.
Threats
- Demand is largely regulatory: a change in the requirements changes the entire market.
- The circle of obliged customers is finite — once it is saturated, growth slows down.
- Spending on developers rises together with the shortage of engineers.
- Competition among Russian developers of system software is intensifying.
Frequently asked questions
What does Astra Group do?
The company develops system software: an operating system and tools for virtualisation, backup and infrastructure management. Its products are used primarily where there are requirements for information security.
Why is a domestic operating system needed?
Government institutions and organisations with critical infrastructure are obliged to use software that is included in the register of domestic software and has passed certification. This is a security requirement, not a matter of preference.
Why does a software developer have high margins?
Because the main cost — development — is incurred once, while producing one more copy costs almost nothing. That is why, as sales grow, profit grows faster than revenue.
Issuer profile
What the company does
The company is classified under the «IT, software & pharma» sector, using the taxonomy we apply when comparing securities with one another.
The same sector holds 16 issuers on the platform, and their figures are computed by one method — so this company's revenue, profit and leverage can be compared with them directly.
The company is registered in Russia and identified in regulatory disclosure by tax number 7726476459. That number locates its statements in state registries regardless of how its name is spelled — and the spelling differs even between official documents.
Listed securities
The issuer has 1 security listed: 1 share class. All are shown on this page, including those trading in different modes and different currencies.
Across Moscow Exchange quotation list levels the securities split as follows: 1 at level 1. The level reflects how strict the disclosure, turnover and track-record requirements the issue meets are — not how attractive the investment is.
Dividend history
Between 2024 and 2025 the issuer made 3 payouts whose record date has already passed. A board recommendation or a forecast does not enter this history, because no money has been paid on them yet.
The most recent payout was 3.15 ₽ per security with a record date of 10 July 2025. That is the amount before tax: the broker withholds it on crediting, so less arrives in the account.
Financial statements
The most recent annual report we hold is for 2025 under IFRS. The standard is named for a reason: IFRS and RAS compute the same quantities by different rules, disagree by design and are never averaged.
Revenue for 2025 was 20.40B ₽.
That is 18.6 % more than in 2024, when revenue was 17.20B ₽. The comparison stays within one reporting standard — otherwise the growth could turn out to be a change of accounting rules and nothing more.
Net income for 2025 was 6.30B ₽.
Of every unit of revenue, 30.9 % remained as net income. This is the ratio of two figures already named above rather than a separate line from the report: comparing it across companies is meaningful only within one sector and one reporting standard.
Equity stands at 11.20B ₽ against total assets of 24.50B ₽. The difference between the two is the company's liabilities, and the larger it is relative to equity, the more the business depends on borrowed money.
This section is assembled from our own data on the company's securities, dividends and financial statements. It is a description, not a recommendation.