National Company "KazMunayGas" announces 2023 financial results
15.03.24 10:11
/KASE, March 15, 2024/ - National Company "KazMunayGas" JSC (Astana), whose securities are officially listed on Kazakhstan Stock Exchange (KASE), has provided KASE with the following press release dated March 14, 2024: quote Joint-stock National Company KazMunayGas ("KMG" or Company), Kazakhstan's national oil and gas company, published its consolidated financial statements prepared in accordance with International Financial Reporting Standards (IFRS) for 2023 with an independent auditor's report. Key financial indicators for 2023* compared to 2022: - Revenue amounted to 8,320 bln tenge (USD 18,236 mln) compared to 8,693 bln tenge (USD 18,860 mln); - EBITDA amounted to 1,995 bln tenge (USD 4,372 mln) compared to 2,536 bln tenge (5,502 mln); - The Company's net profit including share in income of joint ventures and associates amounted to 924 bln tenge (USD 2,026 mln) compared to 1,307 bln tenge (USD 2,835 mln); - Net profit adjusted for share in profit of joint ventures and associates** amounted to 1,010 bln tenge (USD 2,214 mln) compared to 778 bln tenge (USD 1,687 mln); - Free cash flow amounted to 984 bln tenge (USD 2,157 mln) compared to 1,116 bln tenge (USD 2,421 mln); - Gross debt as of 31 December 2023 amounted to 3,757 bln tenge (USD 8,265 mln) compared to 4,154 bln tenge (USD 8,980 mln) as of 31 December 2022; - The Company's net debt as of 31 December 2023 was at 1,645 bln tenge (USD 3,620 mln) compared to 2,154 bln tenge (USD 4,655 mln) as of 31 December 2022. * The amounts were converted to US dollars for user convenience at average exchange rates for respective periods (average USD/KZT for 2023 and 2022 were at 456.21 and 460.93 respectively; period-end USD/KZT as of 31 December 2023 and 31 December 2022 were at 454.56 and 462.65 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 of income of joint ventures and associates. unquote The complete press release is available on: - https://kase.kz/files/emitters/KMGZ/kmgz_relizs_140324_kz.pdf - in Kazakh; - https://kase.kz/files/emitters/KMGZ/kmgz_information_140324.pdf - in Russian; - https://kase.kz/files/emitters/KMGZ/kmgz_relizs_140324_en.pdf - in English. [2024-03-15]

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NK KazMunayGaz AO published this content on 15 March 2024 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 15 March 2024 06:00:02 UTC.