National Company "KazMunayGas" announces H1 2023 financial results

23.08.23 14:21
/KASE, August 23, 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 August 22, 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 and six months ended on 30 June 2023, with a report on the results of the review of interim financial information by an independent auditor. Key financial indicators for the first half of 2023* compared to the first half of 2022: - Revenue amounted to 3,943 bln tenge (USD 8,726 mln) compared to 4,642 bln tenge (USD 10,315 mln); - EBITDA amounted to 1,116 bln tenge (USD 2,470 mln) compared to 1,393 bln tenge (3,095 mln); - The Company's net profit including share in income of joint ventures and associates amounted to 492 bln tenge (USD 1,088 mln) compared to 775 bln tenge (USD 1,722 mln); - Net profit adjusted for share in profit of joint ventures and associates, amounted to 266 bln tenge (USD 589 mln) compared to 352 bln tenge (USD 782 mln); - Free cash flow amounted to 217 bln tenge (USD 481 mln) compared to 571 bln tenge (USD 1,268 mln); - Gross debt as of 30 June 2023 amounted to 3,977 bln tenge (USD 8,788 mln) compared to 4,143 bln tenge (USD 8,956 mln) as of 31 December 2022; - The Company's net debt as of 30 June 2023 was at 2,255 bln tenge (USD 4,983 mln) compared to 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_information_220823_kz.pdf – in Kazakh; - https://kase.kz/files/emitters/KMGZ/kmgz_relizs_220823.pdf – in Russian; - https://kase.kz/files/emitters/KMGZ/kmgz_information_220823_en.pdf – in English. [2023-08-23]