/KASE, August 18, 2026/ – National Company "KazMunayGas" JSC (KASE ticker – KMGZ) has announced the following:

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Joint Stock Company "National Company "KazMunayGas" (KMG or Company), Kazakhstan's national oil and gas company, publishes its interim condensed consolidated financial statements prepared in accordance with International Financial Reporting Standards (IFRS) 34 "Interim Financial Statements" for the three and six months ended June 30, 2026, with an independent auditor’s report on the results of the review of interim financial information.

Key financial indicators for the first half of 2026* compared to the first half of 2025:

• Revenue amounted to 5,568 bln tenge (USD 11,452 mln) compared to 4,500 bln tenge (USD 8,789 mln);
• EBITDA amounted to 1,655 bln tenge (USD 3,405 mln) compared to 1,142 bln tenge (USD 2,230 mln);
• The Company's net profit including share in income of joint ventures and associates amounted to 904 bln tenge (USD 1,859 mln) compared to 534 bln tenge (USD 1,044 mln);
• Net profit adjusted for share in profit of joint ventures and associates** amounted to 867 bln tenge (USD 1,783 mln) compared to 660 bln tenge (USD 1,289 mln);
• Free cash flow amounted to 765 bln tenge (USD 1,573 mln) compared to 682 bln tenge (USD 1,331 mln);
• Gross debt as of June 30, 2026 amounted to 3,411 bln tenge (USD 7,096 mln) compared to 3,522 bln tenge (USD 6,967 mln) as of December 31, 2025;
• The Company's net debt as of June 30, 2026 was at 983 bln tenge (USD 2,046 mln) compared to 375 bln tenge (USD 742 mln) as of December 31, 2025.

* The amounts were converted to US dollars for convenience at average exchange rates for respective periods (average USD/KZT for the first half of 2026 and for the first half of 2025 were at 486.20 and 512.05 respectively; period-end USD/KZT as of June 30, 2026 and December 31, 2025 were at 480.72 and 505.53 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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Full version of the press release in Kazakh – see more

Full version of the press release in Russian – see more

Full version of the press release in English – see more

[2026-08-18]