Kazakhstan Electricity Grid Operating Company JSC (KASE:KEGC)

Kazakhstan · Delayed Price · Currency is KZT

1,440.01

-0.99 (-0.07%)

At close: Jul 24, 2026

KASE:KEGC Financials Overview

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

Millions KZT. Fiscal year is Jan - Dec.

Revenue & Profits

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
Revenue	436,148	397,737	319,906	252,136	217,256	186,443
Revenue Growth	35.11%	24.33%	26.88%	16.05%	16.53%	4.10%
Net Income	85,636	70,824	59,497	43,396	26,748	52,636
Earnings Per Share	311.07	257.27	216.12	165.50	102.88	202.45
EPS Growth	51.21%	19.04%	30.59%	60.87%	-49.18%	-1.55%

Revenue by Geography

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
Kazakhstan	381,852	347,791	286,423	227,434	189,094	168,375
Russia	52,422	48,199	31,202	23,203	27,488	17,155
Uzbek	288.27	280.9	586.08	426.95	645.54	878.49
Kyrgyz	1,586	1,466	1,695	1,073	27.14	33.82
Total	436,148	397,737	319,906	252,136	217,256	186,443

Cash & Debt

Fiscal Year	Current	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 & Investments	123,320	83,142	96,253	76,118	84,760	52,121
Total Debt	196,981	160,577	161,581	163,535	156,352	171,311
Net Cash (Debt)	-73,661	-77,435	-65,328	-87,417	-71,592	-119,190
Net Cash Growth	-	-	-	-	-	-
Net Cash Per Share	-267.57	-281.28	-237.30	-333.38	-275.36	-458.43

Cash Flow & CapEx

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
Operating Cash Flow	134,439	131,087	106,359	67,265	80,679	83,869
Capital Expenditures	-101,016	-93,418	-44,014	-54,706	-49,476	-40,214
Free Cash Flow	33,423	37,669	62,346	12,559	31,202	43,655
Free Cash Flow Growth	-38.37%	-39.58%	396.43%	-59.75%	-28.52%	-34.18%

Margins

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
Pretax Margin	24.57%	22.19%	23.09%	21.26%	14.94%	25.09%
Profit Margin	19.63%	17.81%	18.60%	17.21%	12.31%	28.23%
FCF Margin	7.66%	9.47%	19.49%	4.98%	14.36%	23.41%

Valuation

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jul '26 Jul 28, 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
PE Ratio	4.63	6.04	7.07	9.40	15.75	9.24
Forward PE	3.20	4.89	7.37	8.36	13.12	8.48
P/FCF Ratio	11.86	11.36	6.74	32.49	13.50	11.14
PS Ratio	0.91	1.08	1.31	1.62	1.94	2.61