About the company ELEMENT
Security pageElement is the largest Russian group in microelectronics: it manufactures integrated circuits, semiconductor devices and electronic modules. Its products go to industry, transport, telecommunications and government systems. The shares trade on the Moscow Exchange under the ticker ELMT.
What the company does
Microelectronics is the most capital-intensive branch of manufacturing. A chip fabrication plant costs more than entire enterprises in other industries, and the equipment for it is made by only a handful of companies in the world. That is why entry into the industry is almost closed, and an operating production facility is valuable in its own right.
Russian conditions add a sanctions dimension to this: supplies of lithography and other equipment are restricted, and progress in technological level is held back not by money but by the availability of machines.
Demand, meanwhile, is assured: requirements to use domestically produced electronic components in government and critical systems leave the customer obliged rather than free to choose.
Business lines
Integrated circuits
Integrated circuits for industrial and special-purpose equipment.
Semiconductor devices
Discrete components and power electronics.
Modules and systems
Finished electronic units, including those for transport and telecommunications.
History
- 2021The group was created, bringing together the microelectronics assets of two large holding companies.
- 2022Sanctions restrictions on equipment supplies sharply raise the value of operating production facilities.
- 2024Share offering on the Moscow Exchange.
Business review
Strengths and weaknesses describe the business itself. Opportunities and threats describe what may happen around it.
Strengths
- An operating chip production facility is an exceptionally rare asset that is almost impossible to replicate.
- Demand is largely mandatory: the requirements for domestically produced components are set by regulation.
- State support covers part of the capital expenditure.
- A growing need for electronics in transport, telecommunications and automation.
Weaknesses
- Production equipment is made by only a handful of companies in the world, and supplies are restricted.
- Investments take years to pay back, while equipment becomes obsolete quickly.
- The technological gap with the global leaders is wide and is narrowing slowly.
- Dependence on state programmes and their funding.
Opportunities
- The state programme for the development of microelectronics finances new production lines.
- The replacement of imported chips widens the circle of customers inside the country.
- The requirement for domestic electronics in public procurement secures sales.
- The growing number of devices with electronics inside enlarges the market as a whole.
Threats
- Access to lithography equipment is restricted by sanctions.
- The gap in technological level with global manufacturers is wide.
- Chinese chips are cheaper and more readily available with comparable specifications.
- The return on investment in production comes years after construction.
Frequently asked questions
What does the Element group do?
It manufactures integrated circuits, semiconductor devices and electronic modules for industry, transport, telecommunications and government systems.
Why is microelectronics considered the most capital-intensive industry?
Because a chip fabrication plant requires clean rooms and equipment that only a few companies in the world produce. The cost of such a line is comparable to the cost of entire enterprises in other industries, and it becomes obsolete within a few years.
What are electronic components, and why is their production being localised?
They are the integrated circuits and other elements from which any electronic product is assembled. In government and critical systems their origin matters for security, which is why separate requirements apply to domestically produced components.
Issuer profile
What the company does
The company is classified under the «Metals & mining» sector, using the taxonomy we apply when comparing securities with one another.
The same sector holds 27 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 9703014282. 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 3. 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 2023 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 0.00 ₽ per ELMT security (2025) with a record date of 14 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 38.60B ₽.
That is 12.3 % less than in 2024, when revenue was 44.00B ₽. The comparison stays within one reporting standard — otherwise the decline could turn out to be a change of accounting rules and nothing more.
2025 closed with a loss of −2.17B ₽.
Equity stands at 34.90B ₽ against total assets of 106.50B ₽. 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.
Securities of this issuer
Shares1
- ELMTЭлемент0.10 ₽