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National Company "KazMunayGaz" JSC KZT

Update

Re-runs extraction for each period with period-end year from max(2023, current year − 2) through the current year, oldest first (up to three reporting years). This can take a long time.

KazMunayGas is Kazakhstan’s national oil and gas company, engaged in exploration, production, transport and refining across the value chain.

Sector: Oil & gas (national oil company)

KMGZ

Price chart

32 199 KZTDay 1.25%

Key metrics

Net debt (table and EV/EBITDA): |short-term borrowings| + |long-term borrowings| + |other financial liabilities| when extracted + |non-controlling interest| when extracted − |cash and equivalents|; amounts in millions of the reporting currency.

Market

Price
32 199 KZT · 1.25%
Market cap
21150.1 bn KZT

Growth

Δ revenue y/y
-20.0%
Δ EBITDA y/y
-4.0%

Multiples

P/E (LTM)
19.3x
P/B (FY)
1.7x
P/E (ann.)
5.5x
EV/EBITDA (LTM)
10.2x
EV/EBITDA (ann.)
6.2x

Cash return

Dividend yield
1.1%
FCF yield (LTM)
2.9%

Liquidity

Daily turnover (KASE)
32 199

Shares: kase_book/KMGZ

🔍 Sanity check — subtotal consistency (Level-1 + Level-2) OK: 0 / Warn: 8 / Err: 4 / Autofix applied: 0
Port of PHP subtotal-total + sign-flip detection logic
PeriodIssues
2023-03-31 Q1Warn 1
2023-06-30 H1Warn 2
2023-09-30 Q3Warn 1
2023-12-31 FYWarn 1
2024-03-31 Q1Errors 1Warn 2
2024-06-30 H1Warn 1
2024-09-30 Q3Warn 1
2024-12-31 FYErrors 1Warn 2
2025-03-31 Q1Errors 2Warn 2
2025-06-30 H1Errors 1Warn 1
2025-09-30 Q3Warn 1
2025-12-31 FYWarn 1
All checks pass · Has warnings (review) · Has errors (needs fix) · ✓* Autofix applied (see evidence)

Financial dynamics

Monetary columns are in B KZT, one decimal; scale (K/M/B/T) keeps values readable. For the period (default) shows P&L and cash flow for that row’s reporting window: quarterly amounts when the feed uses quarter-duration facts (typical US 10-Q revenue and income), quarterly cash flows after stripping YTD where only cumulative tags exist, and an implied Q4 on 31 Dec FY rows (P&L: FY minus Q1–Q3; operating / investing cash flow: FY 12m minus 9M YTD to 30 Sep when sourced from SEC builder evidence) so they match 10-Q scale. Some issuers still use cumulative YTD minus the prior row in the same calendar year. As reported shows values stored on each row (e.g. full-year on FY). Balance sheet is always as reported. Source JSON may use millions etc.; conversion uses amounts_unit per row.

DatePeriodStatusRevenueB KZTOperating profitB KZTD&AB KZTEBITDAB KZTNet profitB KZTOperating CFB KZTCapex + M&AB KZTAssetsB KZTEquityB KZTROE (annualized)Net debtB KZTSource
2025-12-31FY 2025 (12M)OK2313.9
y/y -20.0%
363.8
y/y -40.3%
190.4
y/y 79.3%
554.2
y/y -22.6%
131.7
y/y -42.1%
358.0-370.018848.4
y/y 11.3%
12386.3
y/y 19.1%
8.7%2534.8Report (PDF)
2025-09-30Q3 2025 (3M)OK2557.1
y/y 11.2%
414.4
y/y 16.8%
180.6
y/y 8.2%
948.0
y/y 11.8%
428.2
y/y 11.0%
598.4-780.420324.7
y/y 14.4%
12908.0
y/y 16.8%
10.3%2722.1Report (PDF)
2025-06-30Q2 2025 (3M)OK2259.2
y/y 6.2%
340.9
y/y 46.5%
172.0
y/y 9.5%
512.9
y/y 28.1%
337.9
y/y -2.8%
516.5-176.219053.9
y/y 8.5%
12054.2
y/y
9.0%2333.5Report (PDF)
2025-03-31Q1 2025 (3M)OK2241.3
y/y 0.6%
137.0
y/y -39.6%
181.0
y/y 11.5%
318.0
y/y -18.3%
196.5
y/y -34.6%
427.5150.818836.0
y/y 10.2%
11811.9
y/y 14.8%
7.1%-1675.3Report (PDF)
2024-12-31FY 2024 (12M)OK2893.5
y/y 29.6%
609.6
y/y 149.3%
106.2
y/y -33.6%
715.8
y/y 77.0%
227.4
y/y 1026.8%
423.8567.116941.1
y/y -0.0%
10396.6
y/y 0.0%
10.2%3140.1Report (PDF)
2024-09-30Q3 2024 (3M)OK2109.3
y/y 4.3%
354.9
y/y -39.9%
170.9
y/y 11.8%
848.3
y/y -17.8%
317.4
y/y -8.7%
546.6-656.417760.1
y/y 0.9%
11053.0
y/y 3.2%
2773.1Report (PDF)
2024-06-30Q2 2024 (3M)OK2012.0
y/y 7.5%
99.4
y/y -3.4%
160.1
y/y 9.0%
259.6
y/y 2.4%
249.1
y/y 11.8%
602.8557.917565.1
y/y 6.9%
y/y
2530.1Report (PDF)
2024-03-31Q1 2024 (3M)OK2227.3
y/y 2.1%
226.8
y/y 445.1%
162.3
y/y 6.9%
389.1
y/y 101.1%
300.4
y/y 6.6%
270.7-467.617095.9
y/y 2.1%
10290.1
y/y 2.9%
11.6%3336.2Report (PDF)
2023-12-31FY 2023 (12M)OK2232.2
y/y
244.5
y/y
159.9
y/y
404.4
y/y
-24.5
y/y
710.8-693.316942.7
y/y
10394.4
y/y
8.8%2910.9Report (PDF)
2023-09-30Q3 2023 (3M)OK2144.7
y/y
253.3
y/y
145.4
y/y
398.7
y/y
457.4
y/y
385.2-172.117600.5
y/y
10714.7
y/y
12.3%3051.7Report (PDF)
2023-06-30Q2 2023 (3M)OK1760.7
y/y
296.1
y/y
144.0
y/y
440.1
y/y
209.8
y/y
435.6147.116426.5
y/y
9918.0
y/y
9.9%3116.9Report (PDF)
2023-03-31Q1 2023 (3M)OK2181.9
y/y
41.6
y/y
151.9
y/y
193.5
y/y
281.7
y/y
136.0-41.316747.0
y/y
10000.5
y/y
3396.5Report (PDF)
Data quality — review suggested

Revenue & EBITDA

RevenueEBITDA

Quarterly values ($ mln)

01 000 0002 000 0003 000 0002023 q32023 q42024 q12024 q22024 q32024 q42025 q12025 q22025 q32025 q4

Year-over-year change

-50%0%50%100%2023 q32023 q42024 q12024 q22024 q32024 q42025 q12025 q22025 q32025 q4

Cash flow

Net debt / cash ($ mln)

-2 000 00002 000 0004 000 0002023 q32023 q42024 q12024 q22024 q32024 q42025 q12025 q22025 q32025 q4

EV/EBITDA — daily history

Current 14.8x · 3-year average 8.6x

EV/EBITDA3-year average

Dividends

No dividend rows found for this issuer (checked: KASE news).

Investor reporting (IR): https://www.kmg.kz/en/investors/reporting/

Reporting forms detected in loaded periods: (Balance sheet / Profit or loss (P&L) / Cash flows)