Kcell Joint Stock Company Cash Flow 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
Net Income	14,106	10,159	32,897	40,350	32,506
Depreciation & Amortization	37,860	29,171	22,130	18,993	20,157
Other Amortization	23,115	22,024	22,344	11,461	10,621
Loss (Gain) From Sale of Assets	6,538	205	558	25	1,134
Asset Writedown & Restructuring Costs	-	-	-	553	588
Provision & Write-off of Bad Debts	2,598	3,156	5,702	6,264	2,106
Other Operating Activities	-11,144	-263	-8,456	-477	-203
Change in Accounts Receivable	-3,049	1,335	-6,449	-14,709	-3,285
Change in Inventory	-33	-612	-2,389	-2,350	2,601
Change in Accounts Payable	9,991	-5,932	51	-4,584	5,645
Change in Unearned Revenue	463	-1,135	4,216	2,368	1,229
Change in Other Net Operating Assets	484	21,112	9,633	8,034	957
Operating Cash Flow	80,929	79,220	80,237	65,928	74,056
Operating Cash Flow Growth	2.16%	-1.27%	21.70%	-10.97%	41.71%
Capital Expenditures	-83,621	-61,442	-69,393	-23,421	-18,059
Sale of Property, Plant & Equipment	-	87	130	25	96
Sale (Purchase) of Intangibles	-19,187	-18,094	-90,701	-14,254	-13,102
Investment in Securities	-7,073	-	14,813	-14,813	18,613
Other Investing Activities	-	-2	-	-	-
Investing Cash Flow	-109,881	-79,451	-145,151	-52,463	-12,452
Long-Term Debt Issued	106,200	167,177	110,761	-	62,500
Long-Term Debt Repaid	-52,594	-169,534	-80,109	-18,370	-78,575
Net Debt Issued (Repaid)	53,606	-2,357	30,652	-18,370	-16,075
Common Dividends Paid	-	-	-	-	-17,578
Other Financing Activities	-857	-	-	-	-
Financing Cash Flow	52,749	-2,357	30,652	-18,370	-33,653
Foreign Exchange Rate Adjustments	-454	358	-955	-249	428
Net Cash Flow	23,343	-2,230	-35,217	-5,154	28,379
Free Cash Flow	-2,692	17,778	10,844	42,507	55,997
Free Cash Flow Growth	-	63.94%	-74.49%	-24.09%	39.58%
Free Cash Flow Margin	-1.06%	7.55%	4.85%	19.41%	28.85%
Free Cash Flow Per Share	-13.46	88.89	54.22	212.53	279.99
Cash Interest Paid	24,231	19,926	11,314	8,652	10,221
Cash Income Tax Paid	5,620	5,600	13,852	12,902	7,609
Levered Free Cash Flow	-28,606	-7,924	-94,334	21,853	40,651
Unlevered Free Cash Flow	-12,723	5,441	-86,626	27,423	46,857
Change in Working Capital	7,856	14,768	5,062	-11,241	7,147

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