Russia’s T-Technologies reported record financial results for the third quarter and nine months ended on September 30, as the Russian technology group crossed RUB1tn ($11bn) in revenue for the first time in its history and announced a new share buyback programme.

Founded in 2006, T-Technologies is a Russian technology company that develops an integrated financial and lifestyle ecosystem. It positions itself as a high-tech platform where users can manage their finances, shop, travel, invest, and access digital services, all within a unified ecosystem. Operations span a wide range of digital services, including: digital banking, brokerage and investment platforms, merchant acquiring solutions, and lifestyle and transactional services amongst other things.

T-Technologies reported a 19% year-on-year increase in third-quarter operating net profit attributable to shareholders to RUB45.2bn ($498mn), driven by growth in core business lines and expanding customer activity, the Russian technology group announced on November 20.

The company reaffirmed its full-year guidance, expecting operating net profit to grow by at least 40% in 2025, with a return on equity of around 30%.

The Group’s Board of Directors also approved a new share buyback programme covering up to 5% of total shares, which corresponds to roughly 10% of T-Technologies’ free float. The buyback is set to run until the end of 2026 and will be used in part to support a long-term employee incentive scheme.

At the same time, the board recommended a dividend of RUB36 ($0.40) per share for the third quarter, bringing total dividend payouts over the past four quarters to RUB136 ($1.50) per share.

“For the first time in T’s history, revenue exceeded RUB1tn in the first nine months of the year,” said Stanislav Bliznyuk, President of T-Technologies. “That’s more than in all of 2024. Our high-tech business has already reached an impressive scale, with one in two working-age residents of Russia using our ecosystem products.”

Total revenue in the third quarter rose by 39% year-on-year to RUB367bn ($4.04bn), with revenue for the first nine months of 2025 increasing by 69% to over RUB1tn ($11bn), the company said in a statement released on November 20.

Operating net profit attributable to shareholders—excluding the effects of the group’s investment in Yandex—rose 19% in the third quarter to RUB45.2bn ($498mn). For the nine-month period, operating net profit reached RUB120.1bn ($1.32bn), up 43% from a year earlier.

Monthly active customers rose by 9% to 34mn, with the total customer base reaching 52.8mn. The company said its share of household funds and loans reached 6.7%, while its penetration in consumer transactions surpassed 14%.

Return on equity for the quarter stood at 29.2%, and the board recommended a dividend of RUB36 ($0.40) per share. Total dividend payouts over the past 12 months now amount to RUB136 ($1.50) per share.

Alexey Malinovsky, Chairman of the Board of Directors, said: “Over the past year, we have adhered to the practice of quarterly dividend payments. For 3Q 2025, the Group’s Board of Directors has recommended a dividend of RUB36 per share… The pace of share buybacks from the market may be accelerated in the event of material deviations between the Group’s current market capitalisation and its fundamental value.”

The company launched a new share buyback programme to repurchase up to 5% of shares by the end of 2026, equivalent to approximately 10% of its free float. Shares will be used to support the group’s long-term employee incentive programme.

Gross interest income for the third quarter rose by 43% to RUB278bn ($3.06bn), driven by loan portfolio growth and interest rate adjustments. Fee and commission income increased by 23% to RUB61bn ($673mn), while net operating income grew 27% to RUB187bn ($2.06bn).

T-Technologies also noted growing economic benefits from its adoption of artificial intelligence in operations. “The direct effect of AI on our operations exceeds tens of billions of per year,” Bliznyuk said. “More than a third of our code is already being written with the help of AI.”

Total assets rose 15% to RUB5.7tn ($63bn), while equity attributable to shareholders increased by 27% to RUB634bn ($6.99bn). The group’s Tier 1 capital ratio remained stable at 14.0%, while its non-performing loan ratio increased to 7.2%.