National Company "KazMunayGas" announces H1 2024 financial results

23.08.24 16:30
/KASE, August 23, 2024/ – 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 23, 2024: 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 2024, with an independent auditor’s report on the results of the review of interim financial information. Key financial indicators for the first half of 2024 compared to the first half of 2023: - Revenue amounted to 4,239 bln tenge (USD 9,440 mln) compared to 3,943 bln tenge (USD 8,727 mln); - EBITDA amounted to 977 bln tenge (USD 2,175 mln) compared to 1,115 bln tenge (2,469 mln); - The Company's net profit including share in income of joint ventures and associates amounted to 550 bln tenge (USD 1,224 mln) compared to 488 bln tenge (USD 1,081 mln); - Net profit adjusted for share in profit of joint ventures and associates2 amounted to 591 bln tenge (USD 1,316 mln) compared to 263 bln tenge (USD 583 mln); - Free cash flow amounted to 604 bln tenge (USD 1,345 mln) compared to 217 bln tenge (USD 480 mln); - Gross debt as of 30 June 2024 amounted to 4,009 bln tenge (USD 8,502 mln) compared to 3,757 bln tenge (USD 8,265 mln) as of 31 December 2023; - The Company's net debt as of 30 June 2024 was at 1,573 bln tenge (USD 3,337 mln) compared to 1,645 bln tenge (USD 3,620 mln) as of 31 December 2023. unquote The complete press release is available on: - https://kase.kz/files/emitters/KMGZ/kmgz_relizs_230824_kz_1.pdf – in Qazaq; - https://kase.kz/files/emitters/KMGZ/kmgz_relizs_230824_1.pdf – in Russian; - https://kase.kz/files/emitters/KMGZ/kmgz_relizs_230824_en_1.pdf – in English. [2024-08-23]