National Company "KazMunayGas" reports 9M 2023 financial results

22.11.23 16:53
/KASE, November 22, 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 November 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 nine months ended 30 September 2023, with a report on the results of the review of interim financial information by an independent auditor. Key financial indicators for nine months of 2023* compared to nine months of 2022: - Revenue amounted to 6,087 bln tenge (USD 13,439 mln) compared to 6,776 bln tenge (USD 14,774 mln); - EBITDA amounted to 1,680 bln tenge (USD 3,708 mln) compared to 2,020 bln tenge (4,404 mln); - The Company's net profit including share in income of joint ventures and associates amounted to 949 bln tenge (USD 2,095 mln) compared to 1,161 bln tenge (USD 2,532 mln); - Net profit adjusted for share in profit of joint ventures and associates, amounted to 600 bln tenge (USD 1,324 mln) compared to 633 bln tenge (USD 1,381 mln); - Free cash flow amounted to 459 bln tenge (USD 1,013 mln) compared to 996 bln tenge (USD 2,172 mln); - Gross debt as of 30 September 2023 amounted to 4,114 bln tenge (USD 8,671 mln) compared to 4,143 bln tenge (USD 8,956 mln) as of 31 December 2022; - The Company's net debt as of 30 September 2023 was at 2,084 bln tenge (USD 4,392 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_reliz_221123_kz_2.pdf – in Kazakh; - https://kase.kz/files/emitters/KMGZ/kmgz_reliz_221123_2.pdf – in Russian; - https://kase.kz/files/emitters/KMGZ/kmgz_reliz_221123_en_2.pdf – in English. [2023-11-22]