Nornickel is considering a return to interim dividend payments following a sharp acceleration in profitability during the first half of 2026.
The company’s first vice president and chief financial officer, Sergey Malyshev, indicated that the strong financial results for January through June provide sufficient grounds to revisit the question of distributing interim dividends to shareholders.
Nornickel reported that its net profit under International Financial Reporting Standards (IFRS) more than doubled in the first half of 2026, reaching $2.
This potential shift follows a decision by Nornickel shareholders in late June to forgo dividends for the 2025 fiscal year.
The move to skip payouts had reflected the company’s focus on capital preservation and strategic investments amid a volatile macroeconomic environment.
However, the subsequent surge in earnings has altered the capital allocation calculus, with management now weighing the option of returning cash to investors ahead of the annual general meeting.
Nornickel reported that its net profit under International Financial Reporting Standards (IFRS) more than doubled in the first half of 2026, reaching $2.001 billion.