National company "KazMunayGas" announces Q1 2023 financial results

29.05.23 10:00
/KASE, May 29, 2023/ – National company "KazMunayGas" JSC (Astana), whose securities are officially listed on Kazakhstan Stock Exchange (KASE), has provided KASE with the following press release dated May 26, 2023: quote Joint-stock National Company KazMunayGas ("KMG" or Company), Kazakhstan's national oil and gas company, published its interim condensed consolidated financial statements prepared in accordance with International Financial Reporting Standards (IFRS) 34 "Interim Financial Statements" for the three months ended on 31 March 2023, with a report on the results of the review of interim financial information by an independent auditor. Key financial indicators for the first quarter of 2023 * compared to the first quarter of 2022: - Revenue amounted to 1,887 bln tenge (USD 4,149 mln) compared to 2,182 bln tenge (USD 4,770 mln); - EBITDA amounted to 550 bln tenge (USD 1,210 mln) compared to 596 bln tenge (USD 1,304 mln); - The Company's net profit including share in income of jointventures and associates amounted to 288 bln tenge (USD 632 mln) compared to 332 bln tenge (USD 726 mln); - Net profit adjusted for the share in profits of joint ventures and associates[2], amounted to 96 bln tenge (USD 211 mln) compared to 112 bln tenge (USD 245 mln); - FCF amounted to minus 53 bln tenge (USD minus116 mln), compared to 162 bln tenge (USD 355 mln); - Gross debt as of 31 March 2023 amounted to 4,229 bln tenge (USD 9,362 mln) compared to the amount of 4,143 bln tenge (USD 8,956 mln) as of 31 December 2022; - The Company's net debt as of 31 March 2023 amounted to 2,117 bln tenge (USD 4,688 mln) to the amount of 2,143 bln tenge (USD 4,632 mln) as of 31 December 2022. unquote The complete press release is available on – https://kase.kz/files/emitters/KMGZ/kmgz_reliz_260523_en.pdf [2023-05-29]