KASE:KZAP Balance Sheet

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

Millions KZT. Fiscal year is Jan - Dec.

Assets

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
Cash & Equivalents	355,843	347,398	294,385	211,912	169,536	161,190
Short-Term Investments	221,676	128,233	18,654	46,284	1,002	48,206
Cash & Short-Term Investments	577,519	475,631	313,039	258,196	170,538	209,396
Cash Growth	-15.74%	51.94%	21.24%	51.40%	-18.56%	76.88%
Accounts Receivable	70,709	311,532	622,960	332,036	258,631	220,024
Other Receivables	330,165	306,935	272,873	244,733	74,679	46,561
Receivables	400,874	618,467	895,833	579,271	336,801	269,942
Inventory	580,439	426,410	395,742	435,036	403,706	280,126
Prepaid Expenses	10,550	4,401	6,014	3,462	3,811	2,861
Restricted Cash	-	-	-	-	15,923	427
Other Current Assets	99,013	53,662	15,911	14,743	16,941	9,004
Total Current Assets	1,668,395	1,578,571	1,626,539	1,290,708	947,720	771,756
Property, Plant & Equipment	1,808,036	1,786,105	1,700,729	901,959	899,632	884,970
Long-Term Investments	403,303	434,300	317,800	251,775	224,600	154,695
Goodwill	-	48,494	48,494	48,494	48,494	48,494
Other Intangible Assets	61,308	14,501	14,168	14,634	13,190	12,971
Long-Term Deferred Tax Assets	68,361	55,146	40,465	33,802	34,515	30,689
Other Long-Term Assets	116,598	110,119	73,686	57,920	51,846	42,436
Total Assets	4,126,001	4,027,236	3,821,881	2,599,292	2,222,533	1,951,504

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
Accounts Payable	237,575	190,323	280,823	175,389	98,462	62,922
Accrued Expenses	101,196	80,173	69,845	55,980	40,870	33,238
Short-Term Debt	114,017	115,159	42,240	3,506	30,955	10,514
Current Portion of Long-Term Debt	48,993	53,400	1,066	82,746	24,016	803
Current Portion of Leases	-	3	94	43	50	208
Current Income Taxes Payable	2,150	1,213	7,482	5,022	4,221	5,096
Current Unearned Revenue	4,745	4,590	1,770	2,818	35,082	16,764
Other Current Liabilities	98,488	9,364	17,665	105,308	37,747	29,277
Total Current Liabilities	607,164	454,225	420,985	430,812	271,403	158,822
Long-Term Debt	48,796	51,587	106,401	-	83,300	77,965
Long-Term Leases	470	153	152	82	123	83
Long-Term Unearned Revenue	2,068	2,101	4,737	4,423	4,566	3,920
Pension & Post-Retirement Benefits	2,440	2,444	1,930	1,485	1,731	1,168
Long-Term Deferred Tax Liabilities	226,521	230,806	239,814	106,481	116,808	121,101
Other Long-Term Liabilities	55,665	44,215	50,311	47,742	48,099	51,344
Total Liabilities	943,124	785,531	824,330	591,025	526,030	414,403

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
Common Stock	37,051	37,051	37,051	37,051	37,051	37,051
Additional Paid-In Capital	2,539	2,539	2,539	2,539	2,539	2,539
Retained Earnings	2,278,517	2,286,398	2,044,521	1,487,091	1,268,580	1,148,387
Comprehensive Income & Other	1,200	1,955	2,282	1,228	1,874	1,866
Total Common Equity	2,319,307	2,327,943	2,086,393	1,527,909	1,310,044	1,189,843
Minority Interest	863,570	913,762	911,158	480,358	386,459	347,258
Shareholders' Equity	3,182,877	3,241,705	2,997,551	2,008,267	1,696,503	1,537,101
Total Liabilities & Equity	4,126,001	4,027,236	3,821,881	2,599,292	2,222,533	1,951,504

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
Total Debt	212,276	220,302	149,953	86,377	138,444	89,573
Net Cash (Debt)	365,243	255,329	163,086	171,819	32,094	119,823
Net Cash Growth	-31.20%	56.56%	-5.08%	435.36%	-73.22%	490.49%
Net Cash Per Share	1408.26	984.47	628.81	662.48	123.74	462.00
Filing Date Shares Outstanding	259.36	259.36	259.36	259.36	259.36	259.36
Total Common Shares Outstanding	259.36	259.36	259.36	259.36	259.36	259.36
Working Capital	1,061,231	1,124,346	1,205,554	859,896	676,317	612,934
Book Value Per Share	8942.53	8975.84	8044.50	5891.15	5051.13	4587.67
Tangible Book Value	2,257,999	2,264,948	2,023,731	1,464,781	1,248,360	1,128,378
Tangible Book Value Per Share	8706.14	8732.95	7802.89	5647.75	4813.30	4350.68
Land	715	715	720	404	424	407
Buildings	187,747	186,672	162,670	154,903	150,996	139,246
Machinery	202,646	198,434	167,733	147,221	130,042	119,871
Construction In Progress	52,550	44,235	35,041	18,576	19,833	13,960