Kcell Joint Stock Company Income Statement

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

Millions KZT. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	254,749	235,467	223,747	219,002	194,081
Revenue Growth (YoY)	8.19%	5.24%	2.17%	12.84%	11.10%
Cost of Revenue	197,564	182,734	153,896	137,558	124,033
Gross Profit	57,185	52,733	69,851	81,444	70,048
Selling, General & Admin	13,474	11,357	12,130	12,433	15,733
Other Operating Expenses	-1,636	9,650	4,259	4,225	2
Operating Expenses	14,436	24,163	22,091	22,922	17,841
Operating Income	42,749	28,570	47,760	58,522	52,207
Interest Expense	-25,413	-21,385	-12,333	-8,913	-9,930
Interest & Investment Income	1,148	789	2,669	3,609	2,037
Currency Exchange Gain (Loss)	-1,980	-375	-1,346	-33	403
Other Non Operating Income (Expenses)	10,098	7,677	5,860	2,614	207
EBT Excluding Unusual Items	26,602	15,276	42,610	55,799	44,924
Gain (Loss) on Sale of Assets	-6,449	-118	-558	-25	-1,134
Asset Writedown	-	-	-	-553	-588
Pretax Income	20,153	15,158	42,052	55,221	43,202
Income Tax Expense	6,047	4,999	9,155	14,871	10,696
Net Income	14,106	10,159	32,897	40,350	32,506
Net Income to Common	14,106	10,159	32,897	40,350	32,506
Net Income Growth	38.85%	-69.12%	-18.47%	24.13%	84.92%
Shares Outstanding (Basic)	200	200	200	200	200
Shares Outstanding (Diluted)	200	200	200	200	200
EPS (Basic)	70.53	50.80	164.49	201.75	162.53
EPS (Diluted)	70.53	50.80	164.49	201.75	162.53
EPS Growth	38.85%	-69.12%	-18.47%	24.13%	84.92%
Free Cash Flow	-2,692	17,778	10,844	42,507	55,997
Free Cash Flow Per Share	-13.46	88.89	54.22	212.53	279.99
Dividend Per Share	-	-	-	-	107.500
Dividend Growth	-	-	-	-	22.31%
Gross Margin	22.45%	22.39%	31.22%	37.19%	36.09%
Operating Margin	16.78%	12.13%	21.35%	26.72%	26.90%
Profit Margin	5.54%	4.31%	14.70%	18.42%	16.75%
Free Cash Flow Margin	-1.06%	7.55%	4.85%	19.41%	28.85%
EBITDA	73,051	49,976	64,291	72,578	67,705
EBITDA Margin	28.68%	21.22%	28.73%	33.14%	34.88%
D&A For EBITDA	30,302	21,406	16,531	14,056	15,498
EBIT	42,749	28,570	47,760	58,522	52,207
EBIT Margin	16.78%	12.13%	21.35%	26.72%	26.90%
Effective Tax Rate	30.00%	32.98%	21.77%	26.93%	24.76%

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