- Revenue for nine months of 2025 was 7,058 bln tenge.
- EBITDA reached 1,800 bln tenge.
- Net profit stood at 978 bln tenge.
- Net debt decreased to 496 bln tenge by September 2025.
Financial Overview
KazMunayGas (KMG) reported its financial results for the first nine months of 2025. Revenue increased to 7,058 billion tenge, compared to 6,349 billion tenge in the same period of 2024.
EBITDA and Net Profit
EBITDA for the period amounted to 1,800 billion tenge, up from 1,611 billion tenge the previous year. The company's net profit, including shares in joint ventures and associates, reached 978 billion tenge, compared to 867 billion tenge in 2024.
Adjusted Net Profit and Cash Flow
Net profit adjusted for joint ventures and associates was 1,181 billion tenge, an increase from 1,018 billion tenge. Free cash flow stood at 1,095 billion tenge, slightly up from 1,012 billion tenge.
Debt Position
As of September 30, 2025, KMG's gross debt was 4,126 billion tenge, compared to 3,967 billion tenge at the end of 2024. Net debt significantly decreased to 496 billion tenge from 1,163 billion tenge.
