FRA:H4L1 Cash Flow Statement

Financials in millions KZT. Fiscal year is January - December.

Millions KZT. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Net Income	1,092,108	920,988	693,435	553,751	462,377	352,653
Depreciation & Amortization	22,864	20,160	18,848	17,274	14,909	13,026
Change in Trading Asset Securities	-23,239	-152,404	-81,550	-55,480	-32,039	-41,426
Change in Other Net Operating Assets	-2,476,525	-1,990,361	-1,564,321	-1,661,060	-468,247	-1,290,438
Other Operating Activities	-331,770	-184,382	-84,199	17,040	-2,818	-53,378
Operating Cash Flow	-1,716,562	-1,385,999	-1,017,787	-1,128,475	-25,818	-1,019,563
Capital Expenditures	-75,347	-66,933	-47,884	-35,336	-28,038	-32,954
Sale of Property, Plant and Equipment	15,204	17,476	9,055	31,323	30,610	39,560
Investment in Securities	199,508	-213,413	34,420	-20,520	-652,775	494,438
Divestitures	-	-33,559	-	-56,371	-	-
Investing Cash Flow	148,699	-291,487	-1,013	-77,232	-633,894	502,538
Long-Term Debt Issued	-	452,269	325,696	127,886	-	-
Long-Term Debt Repaid	-	-139,480	-142,978	-180,677	-307,826	-128,136
Net Debt Issued (Repaid)	35,256	312,789	182,718	-52,791	-307,826	-128,136
Issuance of Common Stock	8,460	1,535	4,231	4,831	12,575	12,178
Repurchase of Common Stock	-13,734	-6,544	-1,509	-7,145	-157,544	-6,697
Common Dividends Paid	-577,338	-308,595	-276,524	-138,341	-210,783	-199,778
Total Dividends Paid	-577,338	-308,595	-276,524	-138,341	-210,783	-199,778
Net Increase (Decrease) in Deposit Accounts	1,865,135	1,763,948	531,724	1,893,578	969,775	763,718
Financing Cash Flow	1,317,779	1,763,133	440,640	1,700,132	306,197	441,285
Foreign Exchange Rate Adjustments	73,415	10,840	-73,356	95,885	34,559	168,880
Net Cash Flow	-176,669	96,487	-651,516	590,310	-318,956	93,140
Free Cash Flow	-1,791,909	-1,452,932	-1,065,671	-1,163,811	-53,856	-1,052,517
Free Cash Flow Margin	-95.12%	-89.61%	-85.05%	-112.84%	-6.59%	-174.30%
Free Cash Flow Per Share	-6579.65	-5332.52	-3912.62	-4274.40	-184.37	-3600.48
Cash Interest Paid	1,275,381	1,009,962	790,994	565,617	339,797	298,258
Cash Income Tax Paid	286,221	193,165	153,512	101,754	55,444	37,553

Source: S&P Global Market Intelligence. Banks template. Financial Sources.