Pioneer presented consolidated financial statements for the year 2024

Revenue in the reporting year amounted to 47.1 billion rubles, which is 11% higher than the results of 2023. Gross profit also increased by 54% compared to 2023 to 19.1 billion rubles. The gross margin was 41% (compared to 30% in 2023). Net profit reached 5.2 billion rubles.

According to the company, an increase in the average percentage of availability and sales, as well as an increase in the share of premium projects in sales, ensured an increase in revenue and gross margin: sales of premium and elite residential real estate amounted to 50%, an increase of 40 percentage points compared to last year. Sales of commercial real estate in the revenue structure in 2024 amounted to 23% (37% in 2023), 13% — business class real estate (44% in 2023).

"We confidently ended 2024 with one of the best revenue figures in the company's history. Due to the high operating results and timely completion of construction work, we were able to increase the average percentages of readiness and sales, which allowed us to recognize revenue under IFRS in a larger volume. Today, 50% of the company's revenue is provided by the sale of premium and luxury housing. According to Pioneer's strategy, we will continue to increase the share of high—end real estate in the company's portfolio," said Pioneer CEO Alexey Miroshnikov.

94% of the company's total debt is represented by secured loans. In 2024, the developer fulfilled its obligations under two outstanding bond issues on time, one of which was fully repaid at the end of the year.