MOSCOW, March 15. /TASS/. Adjusted net profit of Rusal under International Financial Reporting Standards (IFRS) dropped by 90% in 2023 compared with 2022 to $73 mln, the company reported.

Revenue decreased by 12.6% to $12.21 bln.

Adjusted EBITDA fell by 61.2% in the reporting period to $786 mln. EBITDA margin lost 6.4% in 2023 compared with 14.5% in the previous year.

Rusal is the largest aluminum producer outside of China and the only primary aluminum producer in Russia. En+ Group founded by Oleg Deripaska is the largest shareholder of Rusal with a share of 56.88%. SUAL Partners holds 25.52% of shares, while free float stands at 17.59%.