/KASE, March 26, 2026/ – National Company "KazMunayGas" JSC (KASE ticker – KMGZ) reported the following:

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Joint Stock Company "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 2025 with an independent auditor's report.

Key financial indicators for 2025* compared to 2024:

• Revenue amounted to 9,371 bln tenge (USD 17,977 mln) compared to 8,330 bln tenge (USD 17,750 mln);
• EBITDA amounted to 2,393 bln tenge (USD 4,591 mln) compared to 2,001 bln tenge (USD 4,264 mln);
• The Company's net profit including share in profit of joint ventures and associates amounted to
• 1,072 bln tenge (USD 2,056 mln) compared to 1,094 bln tenge (USD 2,332 mln);
• Net profit adjusted for share in profit of joint ventures and associates** amounted to 1,277 bln tenge (USD 2,449 mln) compared to 1,264 bln tenge (USD 2,694 mln);
• Free cash flow amounted to 1,233 bln tenge (USD 2,365 mln) compared to 1,199 bln tenge (USD 2,555 mln);
• Gross debt as of 31 December 2025 amounted to 3,522 bln tenge (USD 6,967 mln) compared to 3,967 bln tenge (USD 7,555 mln) as of 31 December 2024;
• The Company's net debt as of 31 December 2025 was at 375 bln tenge (USD 742 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 2025 and 2024 were at 521.31 and 469.31 respectively; period-end USD/KZT as of 31 December 2025 and 31 December 2024 were at 505.53 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.

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[2026-03-26]