Nornickel’s net profit under International Financial Reporting Standards (IFRS) grew 2.4-fold to $2.001 bln in the first half of 2026 compared to $842 mln in the previous year, while EBITDA increased by 50% to $3.9 bln, according to the company’s report. Revenue rose by 28% in the reporting period to $8.3 bln. Nornickel’s net working capital equaled $3.4 bln, while its free cash flow declined by 20% to $1.2 bln, primarily due to an increase in net working capital and capital expenditures. Adjusted free cash flow amounted to $0.2 bln, up by 8%. Net debt remained at $9.1 bln.