Interim report
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TINKOFF TCS Group Holding PLC reports record profit for the period ( net profit ) in 2Q'21 and 1H'21 , raises FY'21 guidance and extends buyback programme ● Total customers reached 16.7m in 2Q'21 ( 2Q'20 : 11.2m ) Total revenues grew 37 % to RUB 65.0 bn in 2Q'21 ( 2Q'20 : RUB 47.4 bn ) Non - credit business lines reached 44 % of revenues Net profit rose 57 % to RUB 16.1 bn in 2Q'21 ( 2Q'20 : RUB 10.2 bn ) ROE reached 46.1 % in 2Q'21 ( 2Q'20 : 40.0 % ) LIMASSOL , CYPRUS - 26 August 2021. TCS Group Holding PLC ( LI : TCS , MOEX : TCSG ) ( " Tinkoff , " We " , the " Group " , the " Company " ) , a leading provider of online financial and lifestyle services via its Tinkoff ecosystem , today announces its consolidated IFRS results for the three months and six months ended 30 June 2021 . Oliver Hughes , CEO of Tinkoff Group , commented : " We had another strong quarter and we are proud to report that Tinkoff is now serving more than 16.7 total customers and is continuing to grow rapidly . We showed excellent performance across just about all of our business - lines and cross - sell is clearly becoming a major driver of our business as we unlock the power of our ecosystem . We continue delivering profitable growth with net profit rising 57 % year - on - year to a new quarterly record of RUB 16.1 bn . ROE climbed to 46.1 % in the period , underpinned by well diversified revenue streams . 1 During 2Q we enhanced our partnership network by acquiring a 5 % stake in SPB Exchange , an important partner for Tinkoff Investments . Also , we bought a controlling stake in the loyalty app Koshelek , which has substantial synergies with our core business and a market - leading position with 11 million monthly active users of the app . We believe that there is significant scope for further partnerships and bolt - on acquisitions as we search for businesses that have strong fit with our ecosystem , in particular , in the areas of brokerage , payments and SME . In line with this logic , we also launched a new Service Partner Program , aimed at seeking out top start - ups and technology projects . As part of this program , Tinkoff Group aims to become a strategic partner to companies that show stable growth and have the potential to be integrated into the business - lines of the Tinkoff ecosystem . As previously communicated , the Company is currently engaging with regulators to explore licensing options and market entry strategies in a number of key markets in South and Southeast Asia . We plan to provide the market with an update on this important component of Company's strategy in Q4 2021 . Finally , we plan to announce the second wave of TCSGH Board expansion in the coming weeks to further enhance our corporate governance . Please look out for the announcement . "