Kazakhstan Electricity Grid Operating Company JSC (KASE: KEGC)

KEGC Income Statement

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

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Jun 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Revenue	296,160	252,136	217,256	186,443	179,098	263,162
Revenue Growth (YoY)	29.43%	16.06%	16.53%	4.10%	-31.94%	49.70%
Operations & Maintenance	-	-	-	-	5,641	5,934
Selling, General & Admin	12,953	11,360	9,167	8,683	7,990	9,094
Other Operating Expenses	208,581	181,648	166,520	120,921	96,471	194,445
Total Operating Expenses	223,654	195,392	176,215	129,494	110,062	209,608
Operating Income	72,507	56,744	41,040	56,949	69,035	53,555
Interest Expense	-13,275	-12,954	-11,810	-9,883	-10,140	-8,261
Interest Income	9,694	7,423	5,573	5,221	4,965	3,476
Net Interest Expense	-3,582	-5,532	-6,237	-4,662	-5,175	-4,785
Income (Loss) on Equity Investments	504.53	195.3	469.12	260.74	358.45	774.37
Currency Exchange Gain (Loss)	727.62	951.34	114.96	451.05	-5,310	469.13
Other Non-Operating Income (Expenses)	-932.01	1,637	579.31	-523.54	-380.64	229.43
EBT Excluding Unusual Items	69,225	53,996	35,967	52,476	58,529	50,243
Gain (Loss) on Sale of Investments	419.77	65.24	75.99	58.7	89.54	-
Gain (Loss) on Sale of Assets	-	-	-	2,182	-	-
Asset Writedown	-471.14	-462.52	-3,575	-7,944	-19.21	28.36
Pretax Income	69,174	53,599	32,468	46,772	58,599	50,271
Income Tax Expense	13,629	10,202	5,720	7,608	10,101	9,522
Earnings From Continuing Ops.	55,544	43,396	26,748	39,164	48,498	40,749
Earnings From Discontinued Ops.	-	-	-	13,471	4,967	-
Net Income	55,544	43,396	26,748	52,636	53,465	40,749
Net Income to Common	55,544	43,396	26,748	52,636	53,465	40,749
Net Income Growth	55.36%	62.24%	-49.18%	-1.55%	31.21%	1.76%
Shares Outstanding (Basic)	270	262	260	260	260	260
Shares Outstanding (Diluted)	270	262	260	260	260	260
Shares Change (YoY)	3.80%	0.85%	-	-	-	-
EPS (Basic)	205.82	165.50	102.88	202.45	205.64	156.73
EPS (Diluted)	205.82	165.50	102.88	202.45	205.64	156.73
EPS Growth	49.68%	60.87%	-49.18%	-1.55%	31.21%	1.76%
Free Cash Flow	35,277	12,559	31,202	43,655	66,325	45,157
Free Cash Flow Per Share	130.72	47.89	120.01	167.90	255.10	173.68
Dividend Per Share	79.500	157.240	116.030	135.570	152.100	116.030
Dividend Growth	-38.05%	35.52%	-14.41%	-10.87%	31.09%	-14.09%
Profit Margin	18.75%	17.21%	12.31%	28.23%	29.85%	15.48%
Free Cash Flow Margin	11.91%	4.98%	14.36%	23.41%	37.03%	17.16%
EBITDA	123,715	108,154	102,243	93,817	103,112	87,903
EBITDA Margin	41.77%	42.90%	47.06%	50.32%	57.57%	33.40%
D&A For EBITDA	51,209	51,410	61,202	36,868	34,077	34,349
EBIT	72,507	56,744	41,040	56,949	69,035	53,555
EBIT Margin	24.48%	22.51%	18.89%	30.55%	38.55%	20.35%
Effective Tax Rate	19.70%	19.03%	17.62%	16.27%	17.24%	18.94%

Source: S&P Capital IQ. Utility template. Financial Sources.