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JSC "Kazakhtelecom" 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.

Kazakhtelecom is the national telecom incumbent: fixed and mobile broadband, wholesale fibre and digital services in Kazakhstan.

Sector: Telecom

KZTK

Price chart

40 700 KZTDay -0.24%

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
40 700 KZT · -0.24%
Market cap
617.5 bn KZT

Growth

Δ revenue y/y
39.2%
Δ EBITDA y/y
19.2%

Multiples

P/E (LTM)
3.5x
P/B (FY)
0.8x
P/E (ann.)
12.6x
EV/EBITDA (LTM)
4.3x
EV/EBITDA (ann.)
7.4x

Cash return

Dividend yield
0.8%
FCF yield (LTM)
7.0%

Value creation

fundamental value/yr, % of market cap
Value created / year

Liquidity

Daily turnover (KASE)
40 652

Shares: kase_book/KZTK

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: 3 / Err: 9 / Autofix applied: 2
Port of PHP subtotal-total + sign-flip detection logic
PeriodIssues
2023-03-31 Q1Warn 1
2023-06-30 H1Warn 2
2023-09-30 9MErrors 1Warn 1
2023-12-31 FYWarn 1Autofix 1
2024-03-31 Q1Errors 2Warn 5
2024-06-30 H1Errors 4Warn 2
2024-09-30 9MErrors 2Warn 1
2024-12-31 FYErrors 1Warn 1
2025-03-31 Q1Errors 3Warn 1
2025-06-30 H1Errors 4Warn 3
2025-09-30 9MErrors 4Warn 3
2025-12-31 FYErrors 2Warn 1Autofix 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
2025-12-31Q4 2025 (3M)OK163.2
y/y 39.2%
26.8
y/y 28.6%
27.3
y/y 11.3%
54.1
y/y 19.2%
-6.8
y/y -132.3%
26.4364.11404.7
y/y -14.5%
731.1
y/y -14.5%
20.3%261.2kase_fin_data_source_link_label
2025-09-30Q3 2025 (3M)OK145.3
y/y 15.9%
26.1
y/y 49.8%
63.9
y/y 11.3%
90.0
y/y 25.9%
129.3
y/y 189.5%
39.71339.5
y/y
720.1
y/y -13.5%
44.6%-23.8Link
2025-06-30Q2 2025 (3M)PARTIAL139.1
y/y 14.9%
21.5
y/y 26.3%
-9.3
y/y -63.2%
12.3
y/y -27.2%
y/y 33.7%
41.1
y/y
200.2
y/y -75.0%
-24.5Link
2025-03-31Q1 2025 (3M)PARTIAL137.9
y/y -22.2%
20.1
y/y -52.9%
27.3
y/y 11.3%
47.4
y/y -29.5%
y/y
17.3-44.2
y/y
y/y
-103.0Link
2024-12-31Q4 2024 (3M)OK117.2
y/y -36.0%
20.8
y/y
24.5
y/y
45.3
y/y -71.2%
21.1
y/y -46.6%
21.8-23.51643.4
y/y 10.8%
854.8
y/y 20.4%
8.8%277.4Link
2024-09-30Q3 2024 (3M)PARTIAL123.2
y/y -27.8%
12.2
y/y -67.8%
24.5
y/y
36.8
y/y -15.3%
34.8
y/y -40.5%
69.1-54.4
y/y
832.4
y/y 1.3%
8.7%208.7Link
2024-06-30Q2 2024 (3M)OK63.9
y/y -27.0%
-9.7
y/y -65.3%
24.5
y/y
14.8
y/y -13.7%
-7.2
y/y -68.7%
65.2-45.51471.0
y/y 10.8%
799.1
y/y 1.0%
4.5%304.6Link
2024-03-31Q1 2024 (3M)OK177.2
y/y 5.8%
42.7
y/y -18.0%
24.5
y/y
67.2
y/y 29.2%
25.6
y/y -23.2%
43.5-67.81471.8
y/y 11.4%
829.6
y/y 8.7%
13.3%131.1Link
2023-12-31Q4 2023 (3M)OK183.3
y/y
y/y
y/y
157.7
y/y
39.5
y/y
62.9317.91483.0
y/y
709.9
y/y
16.8%245.3Link
2023-09-30Q3 2023 (3M)OK174.0
y/y
45.2
y/y
0.0
y/y
45.2
y/y
30.8
y/y
73.9-156.41399.7
y/y
821.6
y/y
14.8%47.2Link
2023-06-30Q2 2023 (3M)OK163.0
y/y
43.0
y/y
0.0
y/y
43.0
y/y
25.2
y/y
51.3-135.71327.3
y/y
791.4
y/y
15.1%8.1Link
2023-03-31Q1 2023 (3M)OK167.5
y/y
52.0
y/y
0.0
y/y
52.0
y/y
33.3
y/y
52.8-103.51320.9
y/y
763.6
y/y
178.2Link
Data quality — review suggested

Revenue & EBITDA

RevenueEBITDA

Quarterly values ($ mln)

050 000100 000150 000200 0002023 q32023 q42024 q12024 q22024 q32024 q42025 q12025 q22025 q32025 q4

Year-over-year change

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

Cash flow

FCF ($ mln)

-750 000-500 000-250 0000250 000500 0002023 q32023 q42024 q12024 q22024 q32024 q42025 q12025 q22025 q32025 q4

Net debt / cash ($ mln)

-200 000-100 0000100 000200 000300 0002023 q32023 q42024 q12024 q22024 q32024 q42025 q12025 q22025 q32025 q4

EV/EBITDA — daily history

Current 3.4x · 3-year average 2.8x

EV/EBITDA3-year average

Fundamental value creation

Value the company creates per year, as a % of market cap

Value created per year: +53.2%

How this was calculated
1. EBITDA growth (latest quarter YoY, annualised)
[EBITDA latest qtr − EBITDA year-ago qtr] × annualisation X
= —
39 560
2. Current EV/EBITDA (LTM)
(Market cap + Net debt) ÷ EBITDA (LTM)
= (617 522 + 261 238) ÷ 203 762
4.3x
3. Target multiple
(Current EV/EBITDA + 6) ÷ 2
= (4.3 + 6) ÷ 2
5.2x
4. Cash flow (balance method, LTM)
Net-debt reduction + dividends + buybacks − equity issuance
= —
124 501
5. Value created per year
(EBITDA growth × Target multiple + Cash flow − Dilution) ÷ Market cap
= (39 560 × 5.2 + 124 501) ÷ 617 522
+53.2%

Amounts in millions of the reporting currency. EBITDA growth is the latest quarter vs the same quarter a year ago, annualised.

Caveats:

Dividends

Planned / announced

DatePer shareDetailsStatusSource
2026-05-06Kazakhtelecom intends to pay dividends on common KZ0009093241 (KZTK) and preferred KZ0009094645 (KZTKp) shares for 2025PlannedKASE news

KASE: status follows wording in the news headline (paid vs intends to pay). Yahoo: amounts are cash dividends per share on ex-dividend dates (UTC calendar date). stockscope.uz (UZ): amounts are per share in UZS by publication date (not necessarily ex-div).

Investor reporting (IR): https://www.telecom.kz/en/for-investors-and-shareholders/

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