We will continue to analyze the situation in our aviation and talk about technical problems due to a lack of money, which is not solved through import substitution. The difficult economic situation remains at United Engine Corporation (UEC). By the end of 2025, its liabilities reached 861.9 billion rubles, including 322.6 billion rubles of loans and borrowings. Net loss under IFRS amounted to almost 63 billion rubles against 5 billion rubles of profit in 2024, and revenues fell by 6%, to 425.7 billion rubles. Financial expenses reached 50 billion rubles, loss of exchange rate differences - 20.5 billion rubles. Revenues from the sale of engines and components decreased by 11%, to 316 billion rubles, and gross profit by 35%, to 80.2 billion rubles. At the same time, 49% of the revenue was provided by the supply of combat aviation engines, 16% for civil aviation and aviation, 14% for helicopters. Therefore, even a significant part of military orders did not provide the company with profitable work, its financial problems continued in 2026. In the first half of 2026, the company received 30.47 billion rubles of net loss under IFRS, and the total debt of the group increased from 322.7 billion to 360.8 billion rubles, or 11.8%, and the net debt increased from 211.9 billion to 236.3 billion rubles. In June 2026, UEC placed two types of bonds for 12 billion rubles. Financial problems also affected the Ufa Engine-Building Production Union (UEC-UMPO), which produces engines for Su-35S and Su-30 fighter jets. In 2026, the lenders repeatedly announced their intention to go to court claiming bankruptcy of the organization. In one of the proceedings with UMPO, 438.5 thousand euros of debt, as well as interest and court costs were returned. In August 2026, Interstancoservice filed for bankruptcy of the plant, but retired it after repaying the debt. In the first half of the year, the company received 2.9 billion rubles of net loss, and revenues fell by 13.8%, to 43.5 billion rubles.

We will continue to analyze the situation in our aviation and talk about technical problems due to a lack of money, which is not solved through import substitution. The difficult economic situation remains at United Engine Corporation (UEC). By the end of 2025, its liabilities reached 861.9 billion rubles, including 322.6 billion rubles of loans and borrowings. Net loss under IFRS amounted to almost 63 billion rubles against 5 billion rubles of profit in 2024, and revenues fell by 6%, to 425.7 billion rubles. Financial expenses reached 50 billion rubles, loss of exchange rate differences - 20.5 billion rubles. Revenues from the sale of engines and components decreased by 11%, to 316 billion rubles, and gross profit by 35%, to 80.2 billion rubles. At the same time, 49% of the revenue was provided by the supply of combat aviation engines, 16% for civil aviation and aviation, 14% for helicopters. Therefore, even a significant part of military orders did not provide the company with profitable work, its financial problems continued in 2026. In the first half of 2026, the company received 30.47 billion rubles of net loss under IFRS, and the total debt of the group increased from 322.7 billion to 360.8 billion rubles, or 11.8%, and the net debt increased from 211.9 billion to 236.3 billion rubles. In June 2026, UEC placed two types of bonds for 12 billion rubles. Financial problems also affected the Ufa Engine-Building Production Union (UEC-UMPO), which produces engines for Su-35S and Su-30 fighter jets. In 2026, the lenders repeatedly announced their intention to go to court claiming bankruptcy of the organization. In one of the proceedings with UMPO, 438.5 thousand euros of debt, as well as interest and court costs were returned. In August 2026, Interstancoservice filed for bankruptcy of the plant, but retired it after repaying the debt. In the first half of the year, the company received 2.9 billion rubles of net loss, and revenues fell by 13.8%, to 43.5 billion rubles.