/KASE, May 23, 2025/ – National Company "KazMunayGas" JSC (KASE ticker
– KMGZ) has announced the following:
quote
Joint-stock National Company KazMunayGas ("KMG" or Company), Kazakhstan's
national oil and gas company, published its interim condensed consolidated
financial statements prepared in accordance with International Financial
Reporting Standards (IFRS) 34 "Interim Financial Statements" for the three
months ended on 31 March 2025, with an independent auditor’s report on the
results of the review of interim financial information.
Key financial indicators for the first quarter of 2025* compared to the first
quarter of 2024:
- Revenue amounted to 2,241 bln tenge (USD 4,394 mln) compared to 2,227
bln tenge (USD 4,948 mln);
- EBITDA amounted to 582 bln tenge (USD 1,142 mln) compared to 549 bln
tenge (USD 1,219 mln);
- The Company's net profit including share in income of joint ventures and
associates amounted to 193 bln tenge (USD 377 mln) compared to 300 bln
tenge (USD 667 mln);
- Net profit adjusted for share in profit of joint ventures and associates**
amounted to 164 bln tenge (USD 321 mln) compared to 201 bln tenge (USD
446 mln);
- Free cash flow amounted to 283 bln tenge (USD 555 mln) compared to 144
bln tenge (USD 320 mln);
- Gross debt as of 31 March 2025 amounted to 3,932 bln tenge (USD 7,795
mln) compared to 3,967 bln tenge (USD 7,555 mln) as of 31 December 2024;
- The Company's net debt as of 31 March 2025 was at 933 bln tenge (USD
1,850 mln) compared to 1,163 bln tenge (USD 2,214 mln) as of 31 December
2024.
* The amounts were converted to US dollars for user convenience at average
exchange rates for respective periods (average USD/KZT for the first quarter of
2025 and 2024 were at 510.05 and 450.18 respectively; period-end USD/KZT as
of 31 March 2025 and 31 December 2024 were at 504.44 and 525.11
respectively).
** Net profit adjusted for share in profit of joint ventures and associates =
Net profit plus dividends received from joint ventures and associates, minus
share in profit of joint ventures and associates.
unquote
Full version of the press release in Kazakh –
https://kase.kz/files/emitters/KMGZ/kmgz_relizs_230525_kz.pdf
Full version of the press release in Russian –
https://kase.kz/files/emitters/KMGZ/kmgz_relizs_230525_1.pdf
Full version of the press release in English –
https://kase.kz/files/emitters/KMGZ/kmgz_relizs_230525_en.pdf
[2025-05-23]