Joint Stock Company "National Company "KazMunayGas" (KASE:KMGZ)

Revenue by Segment

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

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017	FY 2016
Period Ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019	Dec 31, 2018	Dec 31, 2017	Dec 31, 2016
Downstream			6.32T	6.99T	5.10T	3.28T	5.58T
Downstream Growth			-9.45%	36.92%	55.41%	-41.13%	-19.13%
Upstream			2.33T	2.27T	1.85T	877.71B	1.31T
Upstream Growth			2.54%	22.45%	111.01%	-33.02%	-10.64%
Oil Transportation			432.24B	381.63B	281.97B	308.34B	336.74B
Oil Transportation Growth			13.26%	35.35%	-8.55%	-8.43%	25.46%
Eliminations and Adjustments			-1,988.13B	-2,083.34B	-1,592.15B	-1,407.72B	-2,110.54B
Other			312.93B	280.09B	208.64B	192.92B	212.93B
Other Growth			11.73%	34.25%	8.15%	-9.40%	535.61%
NC KMG			912.19B	861.55B	607.12B	371.04B	430.18B
NC KMG Growth			5.88%	41.91%	63.63%	-13.75%	136.26%
Gas Trading and Transportation			-	-	-	-	1.10T
Gas Trading and Transportation Growth			-	-	-	-	19.75%
Total			8.32T	8.69T	6.46T	3.62T	6.86T
Total Growth			-4.30%	34.58%	78.19%	-47.15%	-1.86%

Revenue by Geography

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

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017	FY 2016
Period Ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019	Dec 31, 2018	Dec 31, 2017	Dec 31, 2016
UAE			223.59B	-	-	-	-
Kazakhstan			1.45T	1.22T	978.34B	770.10B	1.21T
Kazakhstan Growth			19.49%	24.42%	27.04%	-36.47%	7.10%
Switzerland			1.68T	-	-	-	-
Romania			1.33T	-	-	-	-
The Netherlands			2.50T	-	-	-	-
Other Countries			1.13T	7.48T	5.48T	2.85T	5.65T
Other Countries Growth			-84.90%	36.40%	91.99%	-49.44%	-3.59%
Total			8.32T	8.69T	6.46T	3.62T	6.86T
Total Growth			-4.30%	34.58%	78.19%	-47.15%	-1.86%

Source: S&P Global Market Intelligence.