Kcell Joint Stock Company Balance Sheet

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

Millions KZT. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	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
Cash & Equivalents	15,029	32,144	8,801	11,031	46,248	51,402
Short-Term Investments	-	6,583	-	-	14,833	-
Cash & Short-Term Investments	15,029	38,727	8,801	11,031	61,081	51,402
Cash Growth	46.90%	340.03%	-20.22%	-81.94%	18.83%	22.54%
Accounts Receivable	36,411	28,094	26,402	32,723	26,523	17,751
Other Receivables	-	1,052	85	2,736	4,538	4,116
Receivables	36,411	29,146	26,487	35,459	31,061	21,867
Inventory	12,081	8,371	9,180	9,009	7,980	6,582
Prepaid Expenses	-	8,567	3,027	3,760	1,301	3,413
Other Current Assets	14,789	3,583	2,435	4,042	1,888	3,150
Total Current Assets	78,310	88,394	49,930	63,301	103,311	86,414
Property, Plant & Equipment	316,849	312,370	246,825	197,275	112,808	102,748
Other Intangible Assets	106,777	109,919	117,561	123,824	43,482	42,284
Long-Term Accounts Receivable	9,752	8,617	5,404	1,523	4,345	4,148
Long-Term Deferred Tax Assets	4,282	4,519	2,856	4,148	1,598	1,720
Long-Term Deferred Charges	1,364	1,352	895	674	558	472
Other Long-Term Assets	4,062	979	1,103	515	6,314	1,930
Total Assets	521,396	526,150	424,574	391,260	272,416	239,716
Accounts Payable	32,145	45,455	39,738	40,996	34,749	35,705
Accrued Expenses	10,767	9,766	8,904	9,203	7,319	5,059
Current Portion of Long-Term Debt	55,576	62,979	42,972	7,353	5,597	11,699
Current Portion of Leases	6,212	3,790	5,265	5,296	5,323	4,944
Current Income Taxes Payable	-	-	-	-	2,086	1,087
Current Unearned Revenue	13,768	17,059	14,579	13,607	8,734	5,444
Other Current Liabilities	10,081	9,347	7,476	2,106	3,840	4,147
Total Current Liabilities	128,549	148,396	118,934	78,561	67,648	68,085
Long-Term Debt	87,701	78,403	47,667	77,514	41,646	48,283
Long-Term Leases	60,764	61,583	46,652	38,261	12,514	15,185
Long-Term Unearned Revenue	34,507	30,508	21,179	14,391	8,179	5,688
Other Long-Term Liabilities	9,798	11,477	8,465	11,015	3,808	4,204
Total Liabilities	321,319	330,367	242,897	219,742	133,795	141,445
Common Stock	33,800	33,800	33,800	33,800	33,800	33,800
Additional Paid-In Capital	-	-	-	1,260	1,260	1,260
Retained Earnings	166,277	161,983	147,877	136,458	103,561	63,211
Shareholders' Equity	200,077	195,783	181,677	171,518	138,621	98,271
Total Liabilities & Equity	521,396	526,150	424,574	391,260	272,416	239,716
Total Debt	210,253	206,755	142,556	128,424	65,080	80,111
Net Cash (Debt)	-195,224	-168,028	-133,755	-117,393	-3,999	-28,709
Net Cash Per Share	-975.92	-840.14	-668.77	-586.97	-20.00	-143.54
Filing Date Shares Outstanding	200	200	200	200	200	200
Total Common Shares Outstanding	200	200	200	200	200	200
Working Capital	-50,239	-60,002	-69,004	-15,260	35,663	18,329
Book Value Per Share	1000.38	978.91	908.38	857.59	693.11	491.36
Tangible Book Value	93,300	85,864	64,116	47,694	95,139	55,987
Tangible Book Value Per Share	466.50	429.32	320.58	238.47	475.69	279.94
Land	-	2,109	2,109	2,109	2,109	2,109
Buildings	-	21,507	20,690	19,876	16,623	20,350
Machinery	-	423,765	365,746	309,643	291,904	281,684
Construction In Progress	-	104,333	91,896	90,650	43,299	29,241

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