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⇱ Financial performance T1


2026/05/09 08:25:03

Financial performance T1

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Main article: T1

2025: Revenue reduction by 15.5% to RUB 211 bn

At the end of 2025, the revenue of the T1 IT holding amounted to 211 billion rubles, which is 15.5% lower than the same indicator in 2024, which reached 249.6 billion rubles.

By business segment, revenue was distributed as follows:

  • Software sales - 80.2 billion rubles, a drop of 28%
  • Sales of IT equipment - 65.4 billion rubles, a drop of 21%
  • Software development - 38 billion rubles, an increase of 20%
  • Technical support - 23 billion rubles, an increase of 28%
  • Comprehensive projects - 4.2 billion rubles, a drop of 27.5%

EBITDA in 2025 amounted to 64.8 billion rubles, which is 31% lower than in 2024 (94.4 billion rubles). The margin of the T1 business in 2025 amounted to 30%, in 2024 it reached 38%.

Recall that in May 2025, having announced the results of operations in 2024, the company announced its intention to show growth at 12%. The fall in revenue in T1 was commented as follows:

In the context of the general cooling of the Russian economy, the image of a good result for IT companies in 2025 has transformed into the ability to "rebuild" in the moment under new challenges, without losing a stable financial situation. We managed to achieve this, - said the general director of the T1 Dmitry Kharitonov. - The key task of today is to increase its efficiency, including with the help of artificial intelligence technologies. Last year, we began an experiment on the AI of the holding with several thousand people, which this year in one way or another will cover all employees.

The T1 also reported that in 2025 they worked to reduce the cost of their IT solutions for the end consumer. As part of this track, the holding abandoned linear scaling, began to actively use such technologies of reduced cost as low-code/no-code platforms, automation of routine operations, vibe coding, copilot, multi-agent AI, etc.

The key client of the T1 is VTB Bank. In addition, the company announced the expansion of its presence in retail, industry and logistics.

In 2025, T1 brought to the market a number of new products of its own development: CAE-product "Taumerix," PAC APCS "Silaron," MLT-S server (joint development with Azimut, which is part of the contour of the state corporation Rostec""), ATMs under the NOBEX brand (joint venture with the company), LANIT a family of retail products PAC "Tillium," PAC for corporate communications DION and PAC to work with AI Factory Cybox.

Investments in the development of own products are carried out without attracting long-term external financing, the T1 noted. Thus, for the third year in a row, the holding has maintained a negative level of net debt, which, according to the results of the reporting year 2025, amounted to -54.2 billion rubles.

The main drivers of development during 2026-27. will be productivity growth, including through the use of AI tools, increased operational efficiency of business processes and a focus on greater diversification of client and technology portfolios, they say in T1. The holding did not announce the forecast for revenue dynamics for 2026.

2024: Revenue growth 29% to ₽249,6 billion

IT Holding T1 increased revenue under international financial reporting standards (IFRS) by 29% to ₽249,6 billion excluding VAT (₽274,9 billion including VAT) in 2024. The company's EBITDA grew by 11% to ₽94,4 billion. This became known in March 2025.


In the rating "TAdviser500: The largest IT companies in Russia," prepared by the analytical center TAdviser in August 2025, the company took 2nd place. Read more here.

According to Interfax, the company's CEO Alexei Fetisov said that the holding received the bulk of its revenue from the sale of software licenses - ₽111,1 billion (₽90,8 billion in 2023) and IT equipment - ₽89,2 billion (against ₽45 billion in 2023).


Kirill Chebunin, director of the T1 strategy department, stressed that in 2024 the holding grew faster than the market. According to the company, the Russian IT market increased by about 20% to ₽2,5 trillion.

The holding predicts that in 2025 the market growth rate will slow down, but will still be in double digits, and by 2030 its volume will double. According to T1 estimates, in 2026, only the IT equipment segment for B2B will reach about ₽600 billion, the enterprise-class software segment - ₽700 billion, and IT services - ₽850 billion.

A significant factor in the growth of the IT market in 2025 and beyond will be pent-up demand, import substitution, increased demand for cloud and data center services, as well as the need for digitalization of a wide range of industries, including industry.

The company T1 plans to maintain growth rates above the market average - at the level of 12% per year. To achieve this goal, the holding will develop its product portfolio and diversify its business, including expanding its industry coverage and entering the state segment.

The holding's portfolio of companies has 9 own products. Based on customer requests, the company has identified 13 classes of software that are absent from the Russian market or have insufficient functionality, which it plans to develop in 2025. Among them: production and logistics systems (4 classes), engineering and design software (3 classes), data management systems (2 classes), information security solutions (3 classes), management and remote access tools (1 class).[1]

2023

1st place in TAdviser ranking "Largest IT suppliers in Russian banks"

The company "T1" took 1st place in the ranking "The largest IT suppliers in Russian banks," prepared by TAdviser in October 2024 based on the revenue of companies from the implementation of IT projects in Russian banks, received at the end of 2023. Read more here.

Data for 2023

2nd place in the ranking of TAdviser "The largest IT companies in Russia"

T1 took 2nd place in the ranking of the 100 largest companies operating in the Russian IT market, prepared by TAdviser in June 2024 based on the companies' revenue for 2023. Read more here.

Data for 2023

2022

1st place in the ranking "Largest IT suppliers in Russian banks"

The T1 Group took 1st place in the TAdviser rating, prepared on the basis of revenue from the implementation of IT projects in Russian banks in 2022 and published in December 2023. Read more here.

Revenue growth by 90% to 166.7 billion rubles

The revenue of the holding "T1" in 2022 increased by 90%, to 166.7 billion rubles with VAT, the company told TAdviser. In the ranking "TAdviser100: The largest IT companies in Russia 2023," such an indicator allowed the company to take 3rd place.

According to data for 2022

The growth driver was the development of existing areas: the largest contribution to the revenue was made by the development, supply and implementation of software, technical support, cloud services, explained in T1. In addition, the indicators were affected by a significant increase in customer demand within the framework of the need to ensure technological independence - from the refinement and implementation of domestic software products to the supply of equipment.

Over the year, the holding's staff increased by 85%: from 8.7 thousand to more than 16 thousand people. In addition to joining more than 2 thousand specialists as part of Servionica, over 10 teams of specialized engineers from vendors who left the Russian IT market joined the holding company. The new expertise made it possible to form areas: engineering analysis and product development of CAE class solutions (automation of engineering calculations due to simulation of physical processes), as well as industrial engineering and automation (development and implementation of APCS and MES solutions).

Along with this, the expertise of T1 in the areas of information security and expanded support for SAP and Oracle was strengthened. The company previously said that Oracle, in particular, was joined by a team that was responsible for the development of large-scale banking solutions.

The holding also increased the number of local partners to 200 companies, increased its status and increased expertise on key Russian vendors. The client portfolio has been diversified.

T1 customers include more than 600 companies, including industry leaders with a significant share of investments in IT: finance, retail, industry, telecom, transport, and the public sector.

As for working with the public sector, in particular, in 2022, T1 companies entered into a number of large government contracts. For example, TS Integration signed a contract with Tax-Service, the structure of the Federal Tax Service, for the supply of equipment, software and the creation of a software and hardware complex with a volume of about 2.5 billion rubles. With FMBA of Russia "TS Integration" concluded two state contracts for the supply of software and technical support in the amount of about 1.7 billion rubles each.

The multiple growth of financial indicators and the steady scaling of the business were the result of the fact that the holding "T1" increased the number of customers and projects, the pool of partners expanded. Today, 16 thousand specialists from more than 250 cities of Russia work with us. In 2022, the holding ahead of time fulfilled the key goals of the strategy, exceeding the targets for 2024, says Igor Kalganov, general director of the T1 holding.

Igor Kalganov, we recall, in 2022 was recognized as the "Top Manager of the Year in the IT market of Russia" according to TAdviser IT Prize 2022.

In 2022, the T1 holding formed and brought to the market a pool of its own products. Its key decisions are registered in the unified register of domestic software:

  • For operational needs, the Dion corporate communications platform, the T1 Talent Management digital HR platform, the online meeting system Committee Online, and the T1 CRM customer relationship management core system are offered;
  • Technology processes are focused on the Mirion, Kore.DWH and Kore.Datalake, MLFactory, T1 Cloud, IaaS + cloud resources, as well as the Sphere software development platform and CRM enterprise business portal;
  • To support the activities of financial institutions, a digital banking platform, a comprehensive solution for switching to the tax monitoring mode "T1 Tax Monitoring," processing services have been developed.

Also in 2022, the transition to a new management structure and model began. The internal services of the holding companies have become centralized and are based on a service support center. Areas of activity were combined into clusters:

  • The T1 cluster brought together technological areas, which made it possible to comprehensively cover the needs of market customers: IT outsourcing and subsequent service (Servionica), integration business (T1 Integration), IT consulting and business process automation (T1 Consulting), the use of cloud services (T1 Cloud).
  • Innotech Cluster is a fintech solution provider, a single development center.
  • ABM cluster (products and partnerships) is a multi-product vendor of domestic software, which is responsible for the development of its own platform products and the formation of an external partner network for distribution and integration of solutions.
  • Datatech cluster specializes in working with big data.
  • The Multicart cluster provides processing and acquiring solutions and services.

In 2022, we recall that VTB Bank sold its stake in T1 LLC, explaining this by the "planned restructuring of the investment portfolio and withdrawal from non-core assets"[2] its[3]

2021: Revenue growth by 48% to RUB 87.7 billion

At the end of 2021, the T1 group earned 87.7 billion rubles in revenue, which is 48.2% more than a year earlier, when the indicator was measured at 59.2 billion rubles. Such data were released on May 25, 2022. In the ranking TAdviser100: The largest IT companies in Russia 2022 the company "T1" took 8th place.

According to T1, the main shares of the group's revenue came from system integration, software development and IT consulting. In 2021, the number of customers of the group's companies increased by a third compared to 2020 - to more than 350 organizations, including government agencies and the largest companies in the main sectors of the economy.

T1 Group increased annual revenue by 48%

Among the customers of T1 are state structures and the largest companies in key sectors of the economy: telecom operators, financial organizations, industrial, fuel and energy, transport and trade enterprises.

In "T1" called the 2021 year of large-scale changes for the company. Thus, the group completed the business transformation, rebranded, approved a new strategy. Under the management of T1, Innotech Group of Companies (application software development), T1 Integration (integration business), T1 Consulting (consulting), T1 Cloud (cloud services), Multicart (processing and service services) are merged.

In 2021, the group continued to develop its own products and introduced new IT platforms on the market:

  • T1 Watchman - system of operational monitoring of business applications and processes in enterprises;
  • TalentForce's "T1" is an HR streaming recruitment service, a platform for automating point and mass recruitment;
  • T1 EasyTax - a solution for communication between the Federal Tax Service and the taxpayer company as part of a new form of tax control;
  • T1 CRM is a core customer relationship management system.

2020

Revenue growth by 123.1% to RUB 59.1 billion.

At the end of 2020, the revenue of T1 (Until April 2021 - Technoserv) amounted to 59.1 billion rubles, an increase of 123.1% compared to 2019, which allowed it to take 10th place in the ranking of TAdviser100: The largest IT companies in Russia 2021.


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