NCR Assigns A.ru Credit Rating to EVA Investment Company, Outlook Stable

National Credit Ratings (NCR) has assigned EVA Investment Company an A.ru credit rating with a Stable outlook, confirming its strong market position.

The high assessment of EVA Investment Company’s business profile is driven by its stable leading positions in the residential and infrastructure construction markets, the glass industry, as well as the extraction and processing of industrial minerals, which generate more than 90% of the Group’s total revenue. NCR analysts also highly assessed the Group’s broad geographical footprint: the Group operates primarily in the Moscow area but is also present in 12 other regions of Russia, including St. Petersburg, the Leningrad Region, the Nizhny Novgorod Region, and Primorsky Krai. EVA Investment Company’s production capacity allows it not only to meet the needs of its own construction cluster, but also to supply products to external customers. The Company’s financial profile is characterized by strong liquidity indicators against a backdrop of stable profitability. The credit quality assessment is supported by low shareholder risks, high assessments of the corporate governance, risk management and strategic planning systems, and a positive credit history.

Vladimir Voronin is Chairman of the Board of Directors of EVA Investment Company. Dmitry Dorofeev became President of EVA Investment Company.

“The first NCR credit rating assigned to EVA Investment Company confirms the high qualitative assessment of our business model and management approaches. In a short period of time, we have proved that we are able to adapt quickly to changes and find opportunities where others see limitations,” commented Dmitry Dorofeev, President of EVA Investment Company. “The market environment ahead remains challenging; however, we will continue to focus on maximizing the value of assets, prudent risk management, and seeking new growth opportunities.”

EVA Investment Company was established in 2025 for the purpose of effectively managing a diversified portfolio of assets. Revenue for 2025 under the combined IFRS financial statements amounted to RUB 344 billion. The portfolio of EVA Investment Company includes all companies of the development segment operating under the FSK brand (FSK Group, FSK North-West, FSK Region, FSK Family), manufacturing companies (Larta Glass, STiS Group of Companies, Larta Minerals, Organic Acids, and others), and service sector companies (Filanco Group, FSK Teplo, and others). The rating applies to all assets included in the portfolio managed by EVA Investment Company.