ASTANA, Kazakhstan, August 21. The net profit of Kazakhstan’s National Company KazMunayGas in the first half of 2025 decreased by 2.8 percent compared to the same period in 2024, amounting to 534 billion tenge ($1,044 million), Trend reports, citing KazMunayGas's financial report for the first half of 2025.
The contraction in net profit can be attributed to a downturn in
global oil pricing dynamics, an escalation in depreciation outlays,
a diminishment in ancillary financial revenues, and proceeds from
the divestiture of a subsidiary entity, coupled with adverse
fluctuations in exchange rate differentials.
“In the initial semester of 2024, KMG executed a transaction with
PJSC Tatneft to divest a 50 percent equity interest in Karaton
Operating Ltd., culminating in the recognition of revenue from the
divestiture of a subsidiary totaling 16 billion tenge ($37
million),” the corporation’s communiqué articulated.
The company also noted that in the first half of 2025, it sold a 60 percent stake in LLP Polymer Production as part of a deal with SIBUR Holding and recorded income from the disposal of a subsidiary in the amount of 3 billion tenge ($6 million).
Net profit, adjusted for the share in joint ventures and associates, increased by 11.7 percent, from 591 billion tenge ($1,316 million) in the first half of 2024 to 660 billion tenge ($1,289 million) in the first half of 2025.
