About the company YaTEK
Security pageYATEC is the Yakutsk Fuel and Energy Company, the main supplier of natural gas to central Yakutia. The region is not connected to the country's unified gas transmission system, so the company supplies it within an isolated, self-contained network. Its shares trade on the Moscow Exchange under the ticker YAKG.
What the company does
The isolation of the market shapes the entire structure of the business. The company produces gas and supplies it to consumers in Yakutia — power plants, boiler houses, industry and households. There are physically no competitors inside this closed system: gas from other producers simply cannot reach it.
The flip side of that same isolation is a ceiling on demand. It is limited by the region's own consumption and does not grow along with the global market, while the price for domestic consumers is regulated by the state.
That is why the company's strategy is tied to breaking out of this closed system: gas liquefaction projects for shipment by sea have been discussed as a way to turn local reserves into an export commodity. Such projects are capital-intensive and take years before the first cargo is shipped.
Business lines
Gas and condensate production
Fields in central Yakutia.
Supply to consumers in the region
Supplying power plants, boiler houses, industry and households.
History
- 1967A gas field is discovered in central Yakutia — the foundation of the future company.
- 1990-еTransformation into a joint-stock company.
- 2020-еDevelopment work on gas liquefaction projects for shipping gas beyond the region.
Business review
Strengths and weaknesses describe the business itself. Opportunities and threats describe what may happen around it.
Strengths
- No competitors in the isolated gas network: gas from other producers cannot reach it.
- Steady demand from the region's power sector and municipal utilities.
- The gasification of the republic is gradually widening the consumer base.
- Reserves that become an export commodity once a way to ship them out appears.
Weaknesses
- The ceiling on demand is set by the region's consumption and does not grow along with the global market.
- The price for domestic consumers is regulated by the state.
- Gas export projects are capital-intensive and take years before the first cargo is shipped.
- Permafrost raises the cost of production and of maintaining infrastructure.
Opportunities
- The gasification of Yakutia expands the domestic sales market.
- Gas liquefaction projects open up an export route.
- State support for the development of the Russian Far East provides funding for projects.
- Growing demand for gas in Asia supports prices.
Threats
- The remoteness of the fields makes transportation expensive.
- Sanctions restrict access to gas liquefaction technologies.
- The price of gas on export markets fluctuates in line with global demand.
- Large projects require investment spread over many years.
Frequently asked questions
What does the company YATEC do?
It produces natural gas and gas condensate in central Yakutia and supplies them to consumers in the republic: power plants, boiler houses, industrial enterprises and households.
Why is Yakutia not connected to the national gas system?
Because of distances and conditions: central Yakutia is far from the country's trunk pipelines, and its gas supply was historically built as a separate network based on local fields.
What does an isolated market mean for the company?
On the one hand, the absence of competitors: gas from other producers does not enter this network. On the other, a hard ceiling: there is no one to sell to beyond what the region consumes until a way to ship the gas out has been built.
Issuer profile
What the company does
The company is classified under the «Oil & gas» sector, using the taxonomy we apply when comparing securities with one another.
The same sector holds 21 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 1435032049. 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 3 securities listed: 1 share class, 2 bond issues. All are shown on this page, including those trading in different modes and different currencies.
A further 1 security have already matured or been delisted. They stay in the list below deliberately: together they show how long the company has been borrowing on the market and how regularly it repays.
Across Moscow Exchange quotation list levels the securities split as follows: 2 at level 2, 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.
Bond issues
The nearest issue matures on 1 April 2027 and the farthest on 17 September 2027. That spread means the issuer borrows both short and long, and the yields of these issues will differ for the simple reason that the money is lent for different terms.
The largest issue by face value is RU000A109NF7, with a face value of 1,000.00 ₽ per bond, maturing on 17 September 2027. Bond prices in the order book are quoted as a percentage of face value, so a quote of 98.4 means 98.4 % of that amount rather than an absolute price.
Dividend history
The issuer has made 1 payout whose record date has already passed. Recommendations and forecasts are not counted here.
The most recent payout was 0.61 ₽ per YAKG security (2021) with a record date of 26 April 2021. 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 10.40B ₽.
That is 19.8 % more than in 2024, when revenue was 8.68B ₽. 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 2.19B ₽.
Of every unit of revenue, 21.1 % 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 19.30B ₽ against total assets of 33.20B ₽. 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
Bonds3
- RU000A109NF7ЯТЭК 001Р-04100.20 %
- RU000A10BBD8ЯТЭК 001Р-06101.14 %
- RU000A1070L0ЯТЭК 001Р-03100.01 %(redeemed)