Business Segments NC KazMunayGas

Stocks

KMGZ

KZ1C00001122

Integrated Oil & Gas

End-of-day quote Kazakhstan S.E. Other stock markets 2026-07-21			5-day change	1st Jan Change
34,101.01 ^KZT	-0.15%		-0.53%	+57.00%

Jul. 21	Kazakhstan's disputes with oil majors	RE
Jul. 21	CPC stops accepting Kazakh oil due to attacks on tankers, sources say	RE

Sales 2025 by Business Segment

Sales 2025 by Geography

Historical Breakdown of Revenue by Business Segments

Net Income: Breakdown by Business Segment

Breakdown by Business Segment (KZT)

Fiscal Period: December	2021	2022	2023	2024	2025
Oil and Gas Refining and Marketing
Downstream	5,102B	6,979B	6,326B	6,355B	7,044B
Total Assets	3,000B	2,999B	3,093B	3,239B	2,823B
Interest Expense	-93.29B	-127B	-116B	-109B	-96.87B
Income Tax Expense	38.16B	81.56B	36.97B	38.13B	43.52B
CAPEX	-83.02B	-112B	-154B	-154B	-132B
Gross Profit	-	-	-	-	-
EBITDA	289B	458B	394B	372B	481B
D&A	141B	141B	133B	130B	144B
Net Income	36.92B	41.24B	79.16B	137B	198B
Oil and Gas Production
Upstream	1,232B	2,268B	2,325B	2,486B	2,483B
Total Assets	8,625B	11,638B	11,569B	11,644B	10,441B
Interest Expense	-19.57B	-28.67B	-28.78B	-45.58B	-54.46B
Income Tax Expense	137B	308B	155B	220B	139B
CAPEX	-168B	-321B	-390B	-433B	-376B
Gross Profit	-	-	-	-	-
EBITDA	1,042B	1,843B	1,440B	1,491B	1,597B
D&A	126B	309B	416B	453B	516B
Net Income	594B	1,474B	218B	797B	901B
Kaz Munay Gas	-	-	-	-	-
Interest Expense	-	-	-	-	-
Income Tax Expense	-	-	-	-	-
Total Assets	-	-	-	-	-
CAPEX	-	-	-	-	-
Gross Profit	-	-	-	-	-
D&A	-	-	-	-	-
Net Income	-	-	-	-	-
Corporate Center	607B	862B	912B	980B	1,252B
Total Assets	1,581B	1,446B	1,863B	2,255B	2,703B
Interest Expense	-213B	-717B	-193B	-237B	-279B
Income Tax Expense	30.9B	49.22B	67.78B	90.58B	143B
CAPEX	-6.01B	-17.68B	-44.1B	-32.51B	-5.3B
EBITDA	71.45B	60.57B	-28.1B	-65.61B	-12.68B
D&A	3.03B	2.82B	3.55B	3.35B	2.89B
Net Income	300B	-169B	662B	81.3B	-167B
Other	209B	280B	312B	392B	414B
Total Assets	322B	386B	428B	602B	1,584B
Interest Expense	-4.92B	-5.97B	-6.95B	-12.42B	-9.72B
Income Tax Expense	1.11B	1.51B	1.41B	4.56B	7.16B
CAPEX	-12.68B	-16.28B	-22.6B	-32.65B	-102B
Gross Profit	-	-	-	-	-
EBITDA	13.36B	-39.4B	9.84B	2.41B	-12.42B
D&A	10.04B	9.26B	9.31B	11.26B	13.47B
Net Income	-33.05B	-39.32B	-11.72B	2.16B	-16.84B
Eliminations	-	-	-	-	-
Interest Expense	-	-	-	-	-
Total Assets	-	-	-	-	-
Gross Profit	-	-	-	-	-
Net Income	-	-	-	-	-
Eliminations and Adjustments	-1,592B	-2,083B	-1,988B	-2,331B	-2,297B
Total Assets	-1,089B	-1,192B	-1,487B	-356B	-316B
Interest Expense	87.63B	579B	31.96B	78.25B	93.13B
CAPEX	-52.4B	-	-	-	-
Gross Profit	-	-	-	-	-
EBITDA	-18.42B	-23.06B	-19.45B	-18.16B	-5.17B
Net Income	-102B	-32.09B	-58.84B	-83.98B	-133B
Oil and Gas Pipelines
Oil Transportation	282B	382B	432B	449B	476B
Total Assets	1,214B	1,374B	1,476B	1,551B	1,614B
Interest Expense	-6.43B	-6.91B	-8.77B	-19.79B	-21.36B
Income Tax Expense	14.44B	53.13B	9.31B	9.43B	26.45B
CAPEX	-92.06B	-68.28B	-193B	-63.78B	-67.23B
Gross Profit	-	-	-	-	-
EBITDA	211B	238B	198B	219B	346B
D&A	41.69B	44.76B	39.61B	44.49B	48.25B
Net Income	48.69B	42.03B	35.51B	160B	290B
Natural Gas Pipelines
Gas Trading and Transportation	-	-	-	-	-
Interest Expense	-	-	-	-	-
Income Tax Expense	-	-	-	-	-
Total Assets	-	-	-	-	-
CAPEX	-	-	-	-	-
Gross Profit	-	-	-	-	-
EBITDA	-	-	-	-	-
D&A	-	-	-	-	-
Net Income	-	-	-	-	-

Geographical Revenue Distribution History

Geographical breakdown of sales (KZT)

Fiscal Period: December	2021	2022	2023	2024	2025
UAE	-	-	-	1,850B	2,300B
Kazakhstan	978B	1,215B	1,455B	1,603B	2,006B
Total Assets	2,782B	6,316B	6,628B	7,156B	6,931B
Interest Expense	-	-	-	-	-
Income Tax Expense	-	-	-	-	-
D&A	-	-	-	-	-
CAPEX	-	-	-	-	-
Gross Profit	-	-	-	-	-
Net Income	-	-	-	-	-
EBT	-	-	-	-	-
Operating Income	-	-	-	-	-
Romania	-	-	-	1,198B	1,502B
Switzerland	-	-	-	1,853B	1,454B
Other Countries	4,860B	7,471B	6,865B	1,084B	1,433B
Total Assets	623B	673B	553B	679B	660B
The Netherlands	-	-	-	742B	676B