Frontierby eninvs

Language: EN · RU

← Region

JSC "NAC Kazatomprom" 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.

NAC Kazatomprom is the world’s largest uranium producer, selling natural uranium and fuel-cycle services from Kazakh mines.

Sector: Uranium & nuclear fuel

KZAP

Price chart

34 290 KZTDay 4.13%

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
34 290 KZT · 4.13%
Market cap
9102.8 bn KZT

Growth

Δ revenue y/y
-0.6%
Δ EBITDA y/y
14.7%

Multiples

P/E (LTM)
6.3x
P/B (FY)
2.8x
P/E (ann.)
17.3x
EV/EBITDA (LTM)
3.6x
EV/EBITDA (ann.)
16.4x

Cash return

Dividend yield
3.0%
FCF yield (LTM)
8.5%

Value creation

to fair market cap at the current EV/EBITDA
Upside (potential)

Liquidity

Daily turnover (KASE)
713 980

Shares: kase_book/KZAP

For periods still linked to KASE or regulatory fin-data snapshots, copies the filing URL (and title / PDF path when present) from another row for the same reporting period that already points at a non-exchange source. Writes the issuer *_raw_periods.json file. Requires admin token when the dashboard is locked.

🔍 Sanity check — subtotal consistency (Level-1 + Level-2) OK: 0 / Warn: 4 / Err: 6 / Autofix applied: 1
Port of PHP subtotal-total + sign-flip detection logic
PeriodIssues
2023-03-31 Q1Warn 2
2023-06-30 H1Warn 1
2023-09-30 Q3Warn 1
2023-12-31 FYErrors 1Warn 1
2024-03-31 Q1Errors 1Warn 1
2024-06-30 H1Errors 1Warn 2
2024-09-30 Q3Warn 1
2024-12-31 FYErrors 2Warn 3Autofix 1
2025-06-30 H1Errors 2Warn 3
2025-12-31 FYErrors 1Warn 2
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
2025-12-31Q4 2025 (3M)OK1142.9
y/y 69.4%
525.3
y/y
146.2
y/y 300.8%
671.5
y/y
543.5
y/y 134.8%
-6290.2-0.14027.2
y/y 5.4%
3241.7
y/y 8.1%
26.6%-792.5Report (PDF)
2025-06-30Q2 2025 (3M)OK660.2
y/y -5.8%
253.7
y/y
0.0
y/y -100.0%
253.7
y/y
263.2
y/y 36.4%
7100.0-0.24072.7
y/y 62.2%
2831.3
y/y 101.1%
18.1%-583.9Report (PDF)
2024-12-31Q4 2024 (3M)OK674.5
y/y 18.3%
806.8
y/y 39.0%
-72.8
y/y -15.3%
806.8
y/y 39.0%
231.5
y/y -17.1%
32.655.43821.9
y/y 47.0%
2997.6
y/y 49.3%
29.7%-1000.0Report (PDF)
2024-09-30Q3 2024 (3M)OK437.7
y/y 31.7%
y/y
25.2
y/y 15.3%
y/y
411.9
y/y 101.0%
161.53331.4
y/y 45.6%
2631.3
y/y 52.2%
39.9%-108.6Link
2024-06-30Q2 2024 (3M)OK431.3
y/y 13.3%
y/y
28.0
y/y -0.0%
y/y
99.8
y/y -13.2%
32.82511.2
y/y 3.5%
1407.8
y/y -14.7%
22.5%-20.8Link
2024-03-31Q1 2024 (3M)OK269.8
y/y -29.2%
y/y
19.6
y/y -14.3%
y/y
93.2
y/y -9.8%
289.5-85.12715.4
y/y 18.0%
2019.7
y/y 42.9%
18.5%-295.2Link
2023-12-31Q4 2023 (3M)OK570.4
y/y
580.3
y/y
-63.2
y/y
580.3
y/y
279.4
y/y
-113.570.92599.3
y/y
2008.3
y/y
31.1%-29.0Link
2023-09-30Q3 2023 (3M)OK245.9
y/y
y/y
15.5
y/y
y/y
78.6
y/y
-22.4138.92287.7
y/y
1729.4
y/y
23.7%-74.3Link
2023-06-30Q2 2023 (3M)OK237.8
y/y
y/y
24.8
y/y
y/y
119.0
y/y
174.6-136.82427.3
y/y
1650.2
y/y
29.0%-157.9Link
2023-03-31Q1 2023 (3M)OK381.0
y/y
137.4
y/y
22.9
y/y
160.3
y/y
103.4
y/y
245.1-83.92300.4
y/y
1412.9
y/y
-188.7Link
Data quality — review suggested

Production & Reserves

Physical operating metrics — supplementary, not part of the financial statements

Uranium

Proved reserves
300.30 ktU
2024
Reserve life (R/P)
24.4 yrs
reserves ÷ annual output
Annual production
12.29 ktU
2024

Production, ktU

11.17202312.292024

Proved reserves

YearReserves, ktU
2024300.30

Production

YearProduction, ktU
202412.29
+10.0%
202311.17

Kazatomprom Operating & Financial Review FY2024 (kazatomprom.kz): attributable uranium output 12,286 tU 2024 (11,169 tU 2023); 100%-basis 23,270 tU. Attributable JORC proved+probable reserves 300.3 ktU. World's largest uranium producer.

Revenue & EBITDA

RevenueEBITDA

Quarterly values ($ mln)

0250 000500 000750 0001 000 0001 250 0002023 q12023 q22023 q32023 q42024 q12024 q22024 q32024 q42025 H12025 H2

Year-over-year change

-50%0%50%100%2023 q12023 q22023 q32023 q42024 q12024 q22024 q32024 q42025 H12025 H2

Cash flow

FCF ($ mln)

-10 000 000-5 000 00005 000 0002023 q12023 q22023 q32023 q42024 q12024 q22024 q32024 q42025 H12025 H2

Net debt / cash ($ mln)

-1 000 000-800 000-600 000-400 000-200 00002023 q12023 q22023 q32023 q42024 q12024 q22024 q32024 q42025 H12025 FY

Key-commodity price — Uranium

Current 84spot vs LTM +6%

Commodity-player potential

Target market cap from conservative EBITDA and the historical EV/EBITDA

Upside: -5.3%

Main driver: Uranium +7% vs LTM; revenue ×1.06 vs costs ×1.04; EBITDA 925 205→872 020; at 9.4× EV/EBITDA → -5%.

Product prices — moves vs the LTM average

CommodityShareSpotLTM3-yrvs LTM, $3y vs LTM
Uranium (rev)+88%84.1878.6071.23+7%-9%

How it is calculated — revenue → costs → EBITDA → target market cap

1 · Reported baseline (LTM)
LTM revenue1 803 049
LTM EBITDA925 205
LTM cash costs (revenue − EBITDA)877 844
2 · Revenue projection
Revenue multiplier — spot×1.062 (+6%)
= Spot revenue1 915 696
Revenue multiplier — 3y price×0.917 (-8%)
= 3-year-price revenue1 654 260
3 · Costs projection
Cost multiplier — spot×1.040 (+4%)
= Spot cash costs912 958
Cost multiplier — 3y price×1.040 (+4%)
= 3-year-price cash costs912 958
4 · EBITDA projection (revenue − costs)
= Spot EBITDA1 002 738
= 3-year-price EBITDA741 302
Conservative EBITDA = min(spot, avg)872 020
5 · Valuation → target market cap
Historical EV/EBITDA (3-yr average)9.4x
Target EV = EV/EBITDA × conservative EBITDA8 185 086
Net debt-792 503
Target market cap = EV − net debt8 977 589
Current market cap9 476 800

Upside = target market cap ÷ current − 1 = -5.3%

EV/EBITDA — LTM vs projected

Projected EV/EBITDA 7.8x · target 3-yr avg 7.4x · LTM avg 7.5x

EV/EBITDA (LTM)EV/EBITDA (projected)target avg (projected, 3y)

Dividends

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

Investor reporting (IR): https://www.kazatomprom.kz/en/investors/financial-information

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