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	Sep 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Revenue	311,628	252,136	217,256	186,443	179,098	263,162
Revenue Growth (YoY)	32.39%	16.06%	16.53%	4.10%	-31.94%	49.70%
Operations & Maintenance	-	-	-	-	5,641	5,934
Selling, General & Admin	12,844	11,360	9,167	8,683	7,990	9,094
Other Operating Expenses	219,087	181,648	166,520	120,921	96,471	194,445
Total Operating Expenses	232,974	195,392	176,215	129,494	110,062	209,608
Operating Income	78,655	56,744	41,040	56,949	69,035	53,555
Interest Expense	-12,358	-12,954	-11,810	-9,883	-10,140	-8,261
Interest Income	9,940	7,423	5,573	5,221	4,965	3,476
Net Interest Expense	-2,418	-5,532	-6,237	-4,662	-5,175	-4,785
Income (Loss) on Equity Investments	409.16	195.3	469.12	260.74	358.45	774.37
Currency Exchange Gain (Loss)	484.35	951.34	114.96	451.05	-5,310	469.13
Other Non-Operating Income (Expenses)	609.63	1,637	579.31	-523.54	-380.64	229.43
EBT Excluding Unusual Items	77,740	53,996	35,967	52,476	58,529	50,243
Gain (Loss) on Sale of Investments	150.43	65.24	75.99	58.7	89.54	-
Gain (Loss) on Sale of Assets	-	-	-	2,182	-	-
Asset Writedown	-519.77	-462.52	-3,575	-7,944	-19.21	28.36
Pretax Income	77,371	53,599	32,468	46,772	58,599	50,271
Income Tax Expense	15,567	10,202	5,720	7,608	10,101	9,522
Earnings From Continuing Ops.	61,804	43,396	26,748	39,164	48,498	40,749
Earnings From Discontinued Ops.	-	-	-	13,471	4,967	-
Net Income	61,804	43,396	26,748	52,636	53,465	40,749
Net Income to Common	61,804	43,396	26,748	52,636	53,465	40,749
Net Income Growth	77.69%	62.24%	-49.18%	-1.55%	31.21%	1.76%
Shares Outstanding (Basic)	274	262	260	260	260	260
Shares Outstanding (Diluted)	274	262	260	260	260	260
Shares Change (YoY)	5.27%	0.85%	-	-	-	-
EPS (Basic)	225.82	165.50	102.88	202.45	205.64	156.73
EPS (Diluted)	225.82	165.50	102.88	202.45	205.64	156.73
EPS Growth	68.80%	60.87%	-49.18%	-1.55%	31.21%	1.76%
Free Cash Flow	59,414	12,559	31,202	43,655	66,325	45,157
Free Cash Flow Per Share	217.08	47.89	120.01	167.90	255.10	173.68
Dividend Per Share	161.900	157.240	116.030	135.570	152.100	116.030
Dividend Growth	26.16%	35.52%	-14.41%	-10.87%	31.09%	-14.09%
Profit Margin	19.83%	17.21%	12.31%	28.23%	29.85%	15.48%
Free Cash Flow Margin	19.07%	4.98%	14.36%	23.41%	37.03%	17.16%
EBITDA	129,773	108,154	102,243	93,817	103,112	87,903
EBITDA Margin	41.64%	42.90%	47.06%	50.32%	57.57%	33.40%
D&A For EBITDA	51,119	51,410	61,202	36,868	34,077	34,349
EBIT	78,655	56,744	41,040	56,949	69,035	53,555
EBIT Margin	25.24%	22.51%	18.89%	30.55%	38.55%	20.35%
Effective Tax Rate	20.12%	19.03%	17.62%	16.27%	17.24%	18.94%

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