T1 IT Holding Reports Stellar Growth and New Initiatives for 2024

On March 24, 2025, the T1 holding company presented its results for 2024. According to this report, the company’s revenue grew by 29%, amounting to 249.6 billion rubles excluding VAT. EBITDA increased by 11%, reaching 94.4 billion rubles. The growth was driven by large-scale import substitution projects, including the supply of domestic servers, storage systems, networking equipment, the implementation of automated control systems, proprietary software, third-party vendor software, and service support. The information service «Habr» was present at the presentation of the results.

Alexey Fetisov, the CEO of T1, stated that his company continues to implement a strategy as a technology partner for the government and businesses. According to Fetisov, T1 understands the needs of large clients, places particular emphasis on systemically important organizations, and offers reliable and scalable solutions. He added that equipment sales rose by 84%, while software sales increased by 22%.

The report indicated that software sales generated 111.1 billion rubles, IT equipment sales accounted for 82.9 billion, and software development brought in 31.6 billion rubles. One of the growth drivers has been the demand for domestic IT solutions and services.

As part of the report, the company mentioned that it is not seeking long-term loans. By the end of the year, net debt stood at 41.18 billion rubles, with a total debt burden of 2.3 billion rubles, including 2 billion rubles in bonds issued in 2023. In the autumn of 2024, credit agencies NKR and AKRA upgraded T1’s credit rating to A+.ru and A+(ru) with a stable outlook, citing the company’s strong market position and diversified client base.

T1’s plans for the next three years include becoming a vertically integrated company that addresses the needs of clients in the public sector and key industries. One of the priorities is the development of its product portfolio and the adoption of new technologies.

In 2024, T1 launched a new division—»T1 Artificial Intelligence,» which consolidates expertise in AI, big data, and machine learning. The company also introduced the «T1 Financial Platform» for fintech and an import-independent industrial automation package called «Silaron.» Development of domestic self-service banking devices has also begun.

Throughout 2024, the company enhanced its corporate communications platform, Dion, by integrating an AI module that transcribes videos into text and creates summaries.

Fetisov explained that his company continued to develop its cloud platform. T1 has invested in infrastructure based on Nvidia H100, expanded its platform services, including managed services for Kubernetes and database management systems (DBMS). «T1 Cloud» has been included in the register of significant objects of critical IT infrastructure by the FSTEC with the highest significance category.

The T1 portfolio comprises 150 products and services, 90 of which are included in the EPRP and address import substitution challenges.

In 2024, several major projects were completed:

— 18.8 thousand self-service devices were supplied to «Magnit»;
— In X5 Group, internal audits, compliance, risk management, and internal control were automated using the «Oasis» solution;
— One of the largest banks transitioned to a Russian virtualization and VDI platform;
— The «Sphere» platform was implemented at VTB and «Post Bank»;
— In the Ministry of Health of the Moscow region, recruitment was automated with the HR platform «Nota Union.»

By the end of 2024, T1 employed 26 thousand people and operated in 600 populated areas across Russia. The office in Belarus is expanding. The company continues to collaborate with technical universities, conducts IT camps, «Open T1 Schools,» the «T1.GenII» Olympiad, and other projects aimed at workforce training.