Income Statement Kcell

Stocks

KCEL

KZ1C00000876

Wireless Telecommunications Services

End-of-day quote Kazakhstan S.E. Other stock markets 10/07/2026			5-day change	1st Jan Change
3,217.52 ^KZT	-0.63%		-1.00%	-4.89%

05-14	Kcell Joint Stock Company Reports Earnings Results for the First Quarter Ended March 31, 2026	CI
04-21	Kcell JSC Announces Removal of K. Zatilda from its Management Board	CI

13b1419b2a5025016575bfd.tpwtv7YKNE3EIDjzqgzDdsqb002XOSJ03H07sLHtxCs.xPpnj8JYTQKgZkqGwlSOP5DSkhz-XmExmAlfwOWrjWXPwxzQxk5xF5JWXw

Published financial data: KCELL

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2021	2022	2023	2024	2025
Revenues	194B	219B	224B	235B	255B
Total Revenues	194B	219B	224B	235B	255B
Cost of Goods Sold, Total	124B	134B	154B	183B	198B
Gross Profit	70.05B	84.76B	69.85B	52.73B	57.18B
Selling General & Admin Expenses, Total	15.73B	15.75B	12.13B	11.36B	13.47B
Provision for Bad Debts	2.11B	6.26B	5.7B	3.16B	2.6B
Other Operating Expenses	2M	2B	4.26B	9.65B	-1.64B
Other Operating Expenses, Total	17.84B	24.01B	22.09B	24.16B	14.44B
Operating Income	52.21B	60.75B	47.76B	28.57B	42.75B
Interest Expense, Total	-9.93B	-8.91B	-12.33B	-21.38B	-25.41B
Interest And Investment Income	2.04B	3.61B	2.67B	789M	1.15B
Net Interest Expenses	-7.89B	-5.3B	-9.66B	-20.6B	-24.26B
Currency Exchange Gains (Loss)	403M	-33M	-1.35B	-375M	-1.98B
Other Non Operating Income (Expenses)	207M	384M	5.86B	7.68B	10.1B
EBT, Excl. Unusual Items	44.92B	55.8B	42.61B	15.28B	26.6B
Gain (Loss) On Sale Of Investments	-	-	-	-	-
Gain (Loss) On Sale Of Assets	-1.13B	-25M	-558M	-118M	-6.45B
Asset Writedown	-588M	-553M	-	-	-
Legal Settlements	-	-	-	-	-
Other Unusual Items	-	-	-	-	-
EBT, Incl. Unusual Items	43.2B	55.22B	42.05B	15.16B	20.15B
Income Tax Expense	10.7B	14.87B	9.16B	5B	6.05B
Earnings From Continuing Operations	32.51B	40.35B	32.9B	10.16B	14.11B
Net Income to Company	32.51B	40.35B	32.9B	10.16B	14.11B
Net Income - (IS)	32.51B	40.35B	32.9B	10.16B	14.11B
Net Income to Common Incl Extra Items	32.51B	40.35B	32.9B	10.16B	14.11B
Net Income to Common Excl. Extra Items	32.51B	40.35B	32.9B	10.16B	14.11B
Per Share Items
Net EPS - Basic	162.53	201.75	164.48	50.8	70.53
Basic EPS - Continuing Operations	162.53	201.75	164.48	50.8	70.53
Basic Weighted Average Shares Outstanding	200M	200M	200M	200M	200M
Net EPS - Diluted	162.53	201.75	164.48	50.8	70.53
Diluted EPS - Continuing Operations	162.53	201.75	164.48	50.8	70.53
Diluted Weighted Average Shares Outstanding	200M	200M	200M	200M	200M
Normalized Basic EPS	140.39	174.37	133.16	47.74	83.13
Normalized Diluted EPS	140.39	174.37	133.16	47.74	83.13
Dividend Per Share	107.5	-	-	-	-
Payout Ratio	54.08	-	-	-	-
American Depositary Receipts Ratio (ADR)	1	1	1	1	1
Supplemental Items
EBITDA	67.7B	74.81B	64.29B	49.98B	73.05B
EBITA	52.21B	60.75B	47.76B	28.57B	42.75B
EBIT	52.21B	60.75B	47.76B	28.57B	42.75B
EBITDAR	67.75B	74.84B	64.3B	49.98B	73.06B
Effective Tax Rate - (Ratio)	24.76	26.93	21.77	32.98	30.01
Current Domestic Taxes	-	-	-	-	-
Total Current Taxes	11.53B	15.46B	11.75B	6.26B	7.71B
Deferred Domestic Taxes	-	-	-	-	-
Total Deferred Taxes	217M	122M	-2.55B	1.29B	-1.66B
Normalized Net Income	28.08B	34.87B	26.63B	9.55B	16.63B
Interest on Long-Term Debt	10.13B	9.1B	12.5B	21.76B	26.26B
Supplemental Operating Expense Items
Marketing Expenses	2.43B	1.56B	4.19B	2.02B	3.32B
Selling and Marketing Expenses	3.11B	2.71B	5.4B	3.3B	4.62B
General and Administrative Expenses	12.63B	13.04B	6.73B	8.05B	8.85B
Net Rental Expense, Total	45M	37M	10M	9M	9M
Imputed Operating Lease Interest Expense	40.38M	36.34M	10.2M	11.36M	10.48M
Imputed Operating Lease Depreciation	4.62M	658K	-198K	-2.36M	-1.48M
Maintenance & Repair Expenses, Total	8.5B	9.17B	11.68B	13.94B	16.05B

Fiscal Period: December	2021	2022	2023	2024	2025
Assets
Cash And Equivalents	51.4B	46.25B	11.03B	8.8B	32.14B
Short Term Investments	-	14.83B	-	-	6.58B
Total Cash And Short Term Investments	51.4B	61.08B	11.03B	8.8B	38.73B
Accounts Receivable, Total	17.75B	26.52B	32.72B	26.4B	28.09B
Other Receivables	4.12B	4.54B	2.74B	455M	1.05B
Total Receivables	21.87B	31.06B	35.46B	26.86B	29.15B
Inventory	6.58B	7.98B	9.01B	9.18B	8.37B
Prepaid Expenses	3.41B	1.3B	3.76B	3.03B	8.57B
Other Current Assets, Total	3.15B	1.89B	4.04B	2.06B	3.58B
Total Current Assets	86.41B	103B	63.3B	49.93B	88.39B
Gross Property Plant And Equipment	364B	387B	487B	561B	651B
Accumulated Depreciation	-261B	-274B	-290B	-314B	-339B
Net Property Plant And Equipment	103B	113B	197B	247B	312B
Other Intangibles, Total	42.28B	43.48B	124B	118B	110B
Accounts Receivable Long-Term	4.15B	4.34B	1.52B	5.4B	8.62B
Deferred Tax Assets Long-Term	1.72B	1.6B	4.15B	2.86B	4.52B
Deferred Charges Long-Term	472M	558M	674M	895M	1.35B
Other Long-Term Assets, Total	1.93B	6.31B	515M	1.1B	979M
Total Assets	240B	272B	391B	425B	526B
Liabilities
Accounts Payable, Total	35.7B	34.75B	41B	39.74B	45.46B
Accrued Expenses, Total	5.06B	7.32B	9.2B	8.9B	9.77B
Short-term Borrowings	-	-	-	-	-
Current Portion of Long-Term Debt	11.7B	5.6B	7.35B	42.97B	62.98B
Current Portion of Leases	4.94B	5.32B	5.3B	5.26B	3.79B
Current Income Taxes Payable	1.09B	2.09B	-	-	-
Unearned Revenue Current, Total	5.44B	8.73B	13.61B	14.58B	17.06B
Other Current Liabilities	4.15B	3.84B	2.11B	7.48B	9.35B
Total Current Liabilities	68.08B	67.65B	78.56B	119B	148B
Long-Term Debt	48.28B	41.65B	77.51B	47.67B	78.4B
Long-Term Leases	15.18B	12.51B	38.26B	46.65B	61.58B
Unearned Revenue Non Current	5.69B	8.18B	14.39B	21.18B	30.51B
Deferred Tax Liability Non Current	-	-	-	-	-
Other Non Current Liabilities	4.2B	3.81B	11.02B	8.46B	11.48B
Total Liabilities	141B	134B	220B	243B	330B
Common Stock, Total	33.8B	33.8B	33.8B	33.8B	33.8B
Additional Paid In Capital	1.26B	1.26B	1.26B	-	-
Retained Earnings	63.21B	104B	136B	148B	162B
Total Common Equity	98.27B	139B	172B	182B	196B
Total Equity	98.27B	139B	172B	182B	196B
Total Liabilities And Equity	240B	272B	391B	425B	526B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	200M	200M	200M	200M	200M
ECS Total Common Shares Outstanding	200M	200M	200M	200M	200M
Book Value / Share	491.36	693.1	857.59	908.38	978.92
Tangible Book Value	55.99B	95.14B	47.69B	64.12B	85.86B
Tangible Book Value Per Share	279.94	475.7	238.47	320.58	429.32
Total Debt	80.11B	65.08B	128B	143B	207B
Net Debt	28.71B	4B	117B	134B	168B
Debt Equivalent Oper. Leases	360M	296M	80M	72M	72M
Account Code - Inventory Valuation	6	6	6	6	6
Inventories - Raw Materials, Total	322M	188M	934M	996M	578M
Inventories - Finished Goods, Total	6.26B	7.79B	8.08B	8.18B	7.79B
Land - (BS)	2.11B	2.11B	2.11B	2.11B	2.11B
Buildings, Total	20.35B	16.62B	19.88B	20.69B	21.51B
Machinery, Total	282B	292B	310B	366B	424B
Full Time Employees	-	-	-	-	-

Fiscal Period: December	2021	2022	2023	2024	2025
Net Income	32.51B	40.35B	32.9B	10.16B	14.11B
Depreciation & Amortization - CF	20.16B	18.99B	22.13B	29.17B	37.86B
Depreciation & Amortization, Total	20.16B	18.99B	22.13B	29.17B	37.86B
Amortization of Deferred Charges, Total - (CF)	10.62B	11.46B	22.34B	22.02B	23.12B
(Gain) Loss From Sale Of Asset	1.13B	25M	558M	205M	6.54B
Asset Writedown & Restructuring Costs	588M	553M	-	-	-
Provision and Write-off of Bad Debts	2.11B	6.26B	5.7B	3.16B	2.6B
Other Operating Activities, Total	-203M	-477M	-8.46B	-263M	-11.14B
Change In Accounts Receivable	-3.28B	-14.71B	-6.45B	1.34B	-3.05B
Change In Inventories	2.6B	-2.35B	-2.39B	-612M	-33M
Change In Accounts Payable	5.64B	-4.58B	51M	-5.93B	9.99B
Change in Unearned Revenues	1.23B	2.37B	4.22B	-1.14B	463M
Change In Income Taxes	-	-	-	-	-
Change in Other Net Operating Assets	957M	8.03B	9.63B	21.11B	484M
Cash from Operations	74.06B	65.93B	80.24B	79.22B	80.93B
Capital Expenditure	-18.06B	-23.42B	-69.39B	-61.44B	-83.62B
Sale of Property, Plant, and Equipment	96M	25M	130M	87M	-
Cash Acquisitions	-	-	-	-	-
Sale (Purchase) of Intangible assets	-13.1B	-14.25B	-90.7B	-18.09B	-19.19B
Investment in Marketable and Equity Securities, Total	18.61B	-14.81B	14.81B	-	-7.07B
Other Investing Activities, Total	-	-	-	-2M	-
Cash from Investing	-12.45B	-52.46B	-145B	-79.45B	-110B
Long-Term Debt Issued, Total	62.5B	-	111B	167B	106B
Total Debt Issued	62.5B	-	111B	167B	106B
Long-Term Debt Repaid, Total	-78.58B	-18.37B	-80.11B	-170B	-52.59B
Total Debt Repaid	-78.58B	-18.37B	-80.11B	-170B	-52.59B
Common Dividends Paid	-17.58B	-	-	-	-
Common & Preferred Stock Dividends Paid	-17.58B	-	-	-	-
Other Financing Activities, Total	-	-	-	-	-857M
Cash from Financing	-33.65B	-18.37B	30.65B	-2.36B	52.75B
Foreign Exchange Rate Adjustments	428M	-249M	-955M	358M	-454M
Net Change in Cash	28.38B	-5.15B	-35.22B	-2.23B	23.34B
Supplemental Items
Cash Interest Paid	10.22B	8.65B	11.31B	19.93B	24.23B
Cash Income Tax Paid (Refund)	7.61B	12.9B	13.85B	5.6B	5.62B
Levered Free Cash Flow	40.65B	23.25B	-94.33B	-7.92B	-28.61B
Unlevered Free Cash Flow	46.86B	28.82B	-86.63B	5.44B	-12.72B
Change In Net Working Capital	-14.61B	1.93B	856M	-15.93B	-2.39B
Net Debt Issued / Repaid	-16.08B	-18.37B	30.65B	-2.36B	53.61B

Fiscal Period: December	2021	2022	2023	2024	2025
Profitability
Return on Assets	14.3	14.83	9	4.38	5.62
Return on Total Capital	18.26	19.88	11.85	5.72	7.35
Return On Equity %	36.05	34.07	21.21	5.75	7.47
Return on Common Equity	36.05	34.07	21.21	5.75	7.47
Margin Analysis
Gross Profit Margin %	36.09	38.7	31.22	22.4	22.45
SG&A Margin	8.11	7.19	5.42	4.82	5.29
EBITDA Margin %	34.88	34.16	28.73	21.22	28.68
EBITA Margin %	26.9	27.74	21.35	12.13	16.78
EBIT Margin %	26.9	27.74	21.35	12.13	16.78
Income From Continuing Operations Margin %	16.75	18.42	14.7	4.31	5.54
Net Income Margin %	16.75	18.42	14.7	4.31	5.54
Net Avail. For Common Margin %	16.75	18.42	14.7	4.31	5.54
Normalized Net Income Margin	14.47	15.92	11.9	4.05	6.53
Levered Free Cash Flow Margin	20.95	10.61	-42.16	-3.37	-11.23
Unlevered Free Cash Flow Margin	24.14	13.16	-38.72	2.31	-4.99
Asset Turnover
Asset Turnover	0.85	0.86	0.67	0.58	0.54
Fixed Assets Turnover	1.92	2.03	1.44	1.06	0.91
Receivables Turnover (Average Receivables)	10.91	9.89	7.55	7.97	9.35
Inventory Turnover (Average Inventory)	15.56	18.44	18.12	20.09	22.51
Short Term Liquidity
Current Ratio	1.27	1.53	0.81	0.42	0.6
Quick Ratio	1.08	1.36	0.59	0.3	0.46
Operating Cash Flow to Current Liabilities	1.09	0.97	1.02	0.67	0.55
Days Sales Outstanding (Average Receivables)	33.45	36.89	48.32	45.95	39.04
Days Outstanding Inventory (Average Inventory)	23.46	19.8	20.15	18.22	16.21
Average Days Payable Outstanding	87.38	94.79	89.23	80.78	79.02
Cash Conversion Cycle (Average Days)	-30.47	-38.1	-20.76	-16.61	-23.77
Long Term Solvency
Total Debt/Equity	81.52	46.95	74.87	78.47	105.6
Total Debt / Total Capital	44.91	31.95	42.82	43.97	51.36
LT Debt/Equity	64.58	39.07	67.5	51.92	71.5
Long-Term Debt / Total Capital	35.58	26.59	38.6	29.09	34.78
Total Liabilities / Total Assets	59.01	49.11	56.16	57.21	62.79
EBIT / Interest Expense	5.26	6.82	3.87	1.34	1.68
EBITDA / Interest Expense	7.29	8.95	5.67	2.7	3.17
(EBITDA - Capex) / Interest Expense	5.47	6.32	0.04	-0.17	-0.12
Total Debt / EBITDA	1.11	0.82	1.84	2.47	2.56
Net Debt / EBITDA	0.4	0.05	1.68	2.32	2.08
Total Debt / (EBITDA - Capex)	1.48	1.16	258.4	-38.52	-68.64
Net Debt / (EBITDA - Capex)	0.53	0.07	236.2	-36.14	-55.79
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	11.1	12.84	2.17	5.24	8.19
Gross Profit, 1 Yr. Growth %	22.66	21	-14.23	-24.51	8.44
EBITDA, 1 Yr. Growth %	16.85	10.49	-11.42	-22.27	46.17
EBITA, 1 Yr. Growth %	22.23	16.37	-18.39	-40.18	49.63
EBIT, 1 Yr. Growth %	22.23	16.37	-18.39	-40.18	49.63
Earnings From Cont. Operations, 1 Yr. Growth %	84.92	24.13	-18.47	-69.12	38.85
Net Income, 1 Yr. Growth %	84.92	24.13	-18.47	-69.12	38.85
Normalized Net Income, 1 Yr. Growth %	30.18	24.21	-23.64	-64.15	74.14
Diluted EPS Before Extra, 1 Yr. Growth %	84.92	24.13	-18.47	-69.12	38.85
Accounts Receivable, 1 Yr. Growth %	-0.4	49.42	23.38	-19.32	6.41
Inventory, 1 Yr. Growth %	-29.69	21.24	12.89	1.9	-8.81
Net Property, Plant and Equip., 1 Yr. Growth %	3.88	9.79	74.88	25.12	26.56
Total Assets, 1 Yr. Growth %	10.61	13.64	43.63	8.51	23.92
Tangible Book Value, 1 Yr. Growth %	32.19	69.93	-49.87	34.43	33.92
Common Equity, 1 Yr. Growth %	19.72	41.06	23.73	5.92	7.76
Cash From Operations, 1 Yr. Growth %	41.71	-10.98	21.7	-1.27	2.16
Capital Expenditures, 1 Yr. Growth %	48.73	29.69	196.29	-11.46	36.1
Levered Free Cash Flow, 1 Yr. Growth %	27.74	-42.82	-531.68	-91.6	260.99
Unlevered Free Cash Flow, 1 Yr. Growth %	20.04	-38.5	-415.89	-106.28	-333.82
Dividend Per Share, 1 Yr. Growth %	22.31	-	-	-	-
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	11.31	11.97	7.37	3.69	6.7
Gross Profit, 2 Yr. CAGR %	19.26	21.83	-0.14	-19.53	-9.52
EBITDA, 2 Yr. CAGR %	9.53	13.63	-2.55	-17.02	6.6
EBITA, 2 Yr. CAGR %	15	19.26	-4.35	-30.13	-5.39
EBIT, 2 Yr. CAGR %	15	19.26	-4.35	-30.13	-5.39
Earnings From Cont. Operations, 2 Yr. CAGR %	80.16	51.51	0.6	-49.82	-34.52
Net Income, 2 Yr. CAGR %	80.16	51.51	0.6	-49.82	-34.52
Normalized Net Income, 2 Yr. CAGR %	24.17	27.16	-2.61	-47.68	-20.99
Diluted EPS Before Extra, 2 Yr. CAGR %	80.16	51.51	0.6	-49.82	-34.52
Accounts Receivable, 2 Yr. CAGR %	6.51	21.99	35.77	-0.23	-7.34
Inventory, 2 Yr. CAGR %	-0.41	-7.68	16.99	7.26	-3.61
Net Property, Plant and Equip., 2 Yr. CAGR %	-2.13	6.79	38.56	47.92	25.83
Total Assets, 2 Yr. CAGR %	10.75	12.11	27.76	24.84	15.96
Tangible Book Value, 2 Yr. CAGR %	25.98	49.88	-7.7	-17.91	34.18
Common Equity, 2 Yr. CAGR %	15.16	29.95	32.11	14.48	6.84
Cash From Operations, 2 Yr. CAGR %	45.33	12.32	4.09	9.62	0.43
Capital Expenditures, 2 Yr. CAGR %	42.99	38.89	96.02	61.97	9.77
Levered Free Cash Flow, 2 Yr. CAGR %	15.79	-14.53	52.33	-39.78	-44.93
Unlevered Free Cash Flow, 2 Yr. CAGR %	11.62	-14.08	35.97	-55.46	-61.68
Dividend Per Share, 2 Yr. CAGR %	54.56	-	-	-	-
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	9.04	11.81	8.6	6.66	5.17
Gross Profit, 3 Yr. CAGR %	18.73	19.83	6.95	-9.03	-11.12
EBITDA, 3 Yr. CAGR %	17.24	9.85	3.53	-9.63	0.22
EBITA, 3 Yr. CAGR %	31.15	15.45	3.79	-18.2	-9.94
EBIT, 3 Yr. CAGR %	31.15	15.45	3.79	-18.2	-9.94
Earnings From Cont. Operations, 3 Yr. CAGR %	56.19	59.12	23.23	-32.14	-29.55
Net Income, 3 Yr. CAGR %	56.19	59.12	23.23	-32.14	-29.55
Normalized Net Income, 3 Yr. CAGR %	46.91	24.18	7.28	-30.2	-21.88
Diluted EPS Before Extra, 3 Yr. CAGR %	56.19	59.12	23.23	-32.14	-29.55
Accounts Receivable, 3 Yr. CAGR %	8.79	19.23	22.45	14.15	1.94
Inventory, 3 Yr. CAGR %	11.66	6.34	-1.27	11.73	1.61
Net Property, Plant and Equip., 3 Yr. CAGR %	5.13	1.7	25.88	33.93	40.42
Total Assets, 3 Yr. CAGR %	13.59	11.71	21.76	20.99	24.54
Tangible Book Value, 3 Yr. CAGR %	26.04	39.19	4.04	4.62	-3.36
Common Equity, 3 Yr. CAGR %	13.02	23.22	27.85	22.73	12.2
Cash From Operations, 3 Yr. CAGR %	39.01	23.43	15.36	2.27	7.07
Capital Expenditures, 3 Yr. CAGR %	13.17	38.41	78.79	50.4	52.84
Levered Free Cash Flow, 3 Yr. CAGR %	47.72	-8.47	43.65	-42.02	9.39
Unlevered Free Cash Flow, 3 Yr. CAGR %	35.86	-8.5	30.44	-51.21	-22.59
Dividend Per Share, 3 Yr. CAGR %	53.26	-	-	-	-
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	5.71	8.23	8.37	8.49	7.84
Gross Profit, 5 Yr. CAGR %	4.89	8.92	10.79	1.37	0.03
EBITDA, 5 Yr. CAGR %	6.42	9.49	8.88	-2.4	4.74
EBITA, 5 Yr. CAGR %	10	15.04	15.59	-6.26	0.02
EBIT, 5 Yr. CAGR %	10	15.04	15.59	-6.26	0.02
Earnings From Cont. Operations, 5 Yr. CAGR %	14.27	28.1	30.99	0.29	-4.31
Net Income, 5 Yr. CAGR %	14.27	28.1	30.99	0.29	-4.31
Normalized Net Income, 5 Yr. CAGR %	14.54	22.39	24.63	-12.12	-5.07
Diluted EPS Before Extra, 5 Yr. CAGR %	14.27	28.1	30.99	0.29	-4.31
Accounts Receivable, 5 Yr. CAGR %	5.91	18.33	18.87	11.03	9.53
Inventory, 5 Yr. CAGR %	12.91	18.43	13.76	6.71	-2.21
Net Property, Plant and Equip., 5 Yr. CAGR %	1.51	3.79	17.41	18.14	25.86
Total Assets, 5 Yr. CAGR %	5.78	8.76	19.06	16.79	19.41
Tangible Book Value, 5 Yr. CAGR %	13.41	27.68	11.27	12.69	15.18
Common Equity, 5 Yr. CAGR %	6.22	14.47	20.3	19.65	18.99
Cash From Operations, 5 Yr. CAGR %	19.38	14.51	23.82	17.71	9.14
Capital Expenditures, 5 Yr. CAGR %	3.66	4.33	40.98	47.39	47.1
Levered Free Cash Flow, 5 Yr. CAGR %	31.58	9.31	49.55	-23.54	-2.11
Unlevered Free Cash Flow, 5 Yr. CAGR %	64.59	6.32	35.9	-32.07	-20.08
Dividend Per Share, 5 Yr. CAGR %	12.98	-	-	-	-