Joint Stock Company "National Company "KazMunayGas" (KASE:KMGZ)
Kazakhstan flag Kazakhstan · Delayed Price · Currency is KZT
34,270
+70 (0.20%)
At close: Jul 24, 2026

KASE:KMGZ Financials Overview

Millions KZT. Fiscal year is Jan - Dec.

Revenue & Profits

Fiscal YearTTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingMar '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Revenue
9,430,7989,203,1518,210,1478,207,5678,603,0696,459,335
Revenue Growth
14.73%12.10%0.03%-4.60%33.19%78.19%
Gross Profit
2,925,9942,730,6212,572,8432,573,8242,661,0842,153,669
Operating Income
1,065,010893,968882,680767,8731,025,548742,431
Net Income
1,211,7601,040,4351,094,438962,7001,278,3591,304,761
Earnings Per Share
1986.101705.301793.811577.892095.262138.53
EPS Growth
22.49%-4.93%13.68%-24.69%-2.02%377.52%

Revenue by Segment

Fiscal YearTTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingMar '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Other
425,090413,689392,143312,932280,089208,640
Upstream
2,604,8682,482,5042,486,0622,325,3072,267,7761,852,055
Oil Transportation
499,421476,412448,904432,244381,632281,967
Downstream
7,162,5937,043,9156,354,8406,324,9956,985,3715,101,706
Corporate Center
1,320,4061,252,348979,511912,194861,551607,117
Eliminations and Adjustments
-2,401,225-2,297,380-2,331,199-1,988,129-2,083,338-1,592,150
Total
9,611,1539,371,4888,330,2618,319,5438,693,0816,459,335

Cash & Debt

Fiscal YearCurrentFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingMar '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Cash & Investments
2,861,3593,073,6492,730,2672,047,8851,941,3231,706,545
Total Debt
3,626,6073,650,9194,091,6173,862,3744,235,9403,820,748
Net Cash (Debt)
-765,248-577,270-1,361,350-1,814,489-2,294,617-2,114,203
Net Cash Growth
------
Net Cash Per Share
-1254.26-946.16-2231.28-2973.99-3760.93-3465.23

Cash Flow & CapEx

Fiscal YearTTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingMar '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Operating Cash Flow
1,632,0571,900,4241,843,8521,667,6141,567,3111,209,475
Capital Expenditures
-760,354-667,578-644,752-683,439-451,476-453,799
Free Cash Flow
871,7031,232,8461,199,100984,1751,115,835755,676
Free Cash Flow Growth
-34.85%2.81%21.84%-11.80%47.66%1407.52%

Margins

Fiscal YearTTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingMar '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Gross Margin
31.03%29.67%31.34%31.36%30.93%33.34%
Operating Margin
11.29%9.71%10.75%9.36%11.92%11.49%
Pretax Margin
17.24%15.56%17.75%14.58%20.91%19.43%
Profit Margin
12.85%11.30%13.33%11.73%14.86%20.20%
FCF Margin
9.24%13.40%14.61%11.99%12.97%11.70%

Valuation

Fiscal YearCurrentFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingJul '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
PE Ratio
17.2512.748.157.314.50-
Forward PE
7.648.225.40---
P/FCF Ratio
23.9910.757.447.165.16-
PS Ratio
2.221.441.090.860.67-