/KASE, April 11, 2025/ – Kazakhtelecom JSC (KASE ticker – KZTK) has
announced the following:
quote
Amid rapid digitalization and increasing demand for reliable telecom
infrastructure, the Kazakhtelecom JSC has demonstrated steady growth and
systematic modernization of its services. At the traditional "Issuer Day" held
at the Kazakhstan Stock Exchange, First Deputy Chairman of the Management
Board of JSC Kazakhtelecom, Arnur Nurkatov, presented the company’s key
results for 2024 and outlined its future priorities.
According to him, despite growing capital expenditures and the implementation of
ambitious projects, the Group has maintained a stable financial position. The
Group’s total revenue, including the results of its mobile subsidiary, LLP
Mobile Telecom-Service (hereinafter "MT-S"), amounted to KZT 744 billion in
2024 – an increase of 8.2% compared to 2023. EBITDA, based on management
reporting, reached KZT 309 billion, reflecting a 3.7% growth.
"The deal to sell 100% of Mobile Telecom-Service LLP was finalized in January
2025. However, the company retained full control of the operator until the end
of 2024. Therefore, for comparability purposes, we analyze financial indicators
including MT-S performance for 2024, although in our audited financial
statements, these are listed under discontinued operations. In terms of
continuing operations, the company's revenue in 2024 was KZT 494.6 billion,
which is 4.6% or KZT 21.9 billion higher than in 2023. Net profit for 2024
amounted to KZT 77.2 billion", said Arnur Nurkatov.
unquote
Full version of the press release in Kazakh –
https://kase.kz/files/emitters/KZTK/kztk_relizs_110425_kz.pdf
Full version of the press release in Russian –
https://kase.kz/files/emitters/KZTK/kztk_relizs_110425_2.pdf
Full version of the press release in English –
https://kase.kz/files/emitters/KZTK/kztk_relizs_110425_en.pdf
[2025-04-11]