National company "KazMunayGaz" announces 9M 2022 financial results

23.11.22 17:49
/KASE, November 23, 2022/ – National company "KazMunayGaz" JSC (Astana), whose securities are officially listed on Kazakhstan Stock Exchange (KASE), has provided KASE with the following press release dated November 21, 2022: quote JSC National Company KazMunayGas ("KMG", the "Company"), Kazakhstan's national vertically integrated 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 nine months ended September 30, 2022, with a report on the results of the review of interim financial information by an independent auditor. Financial highlights for nine months of 20221 compared to nine months of 2021 (includes 100% stake in KMG Kashagan B.V. by full consolidation method): - Revenue increased by 77.4% to 6,776 bn tenge (USD 14,774 mn) compared to 4,597 bn tenge (USD 10,825 mn); - EBITDA increased by 41.8% to 2,020 bn tenge (USD 4,405 mn) compared to 1,425 bn tenge (USD 3,354 mn); - The Company's net profit including share in income of joint ventures and associates increased by 15.9% and amounted to 1,162 bn tenge (USD 2,534 mn); - Net profit adjusted for the share in profits of joint ventures and associated companies 2 was 634 bn tenge (USD 1,382 mn) compared to 637 bn tenge (USD 1,500 mn); - FCF calculated in accordance with updated dividend policy amounted to – 21 bn tenge (USD – 46 mn) compared to 425 bn tenge (USD 1,000 mn) year-on- year; - Gross debt as of September 30, 2022 amounted to 4,302 bn tenge (USD 9,024 mn) compared to the indicator as of December 31, 2021 in the amount of 3,746 bn tenge (USD 8,676 mn); - The Company's net debt as of 30 September 2022 amounted to 2,186 bn tenge (USD 4,585 mn) compared to 1,987 bn tenge (USD 4,603 mn) as of December 31, 2021. unquote The complete press release is available on KASE website: - – in Kazakh; - – in Russian; - – in English. [2022-11-23]