Management approach

The Company continues to demonstrate its commitment to sustainable development and responsible management of economic resources. Distributed economic value also increased, reflecting growth in payments to employees, the state, and capital providers.

The increase in the wage fund confirms the Company’s focus on social aspects and improving working conditions. Payments to the state (total taxes) increased by 75% overall, with the decrease in income tax potentially attributable to changes in tax regulations or the specific nature of the financial results for the reporting period. Support for local communities continued, confirming the Company’s commitment to the socio-economic development of the regions.

Direct economic value created and distributed

GRI 201-1

Direct economic value generated and distributed, billion tenge¹

Indicator	2022	2023	2024	Deviation, %
1. Direct economic value created	6,418	7,865	9,043	13%
Revenue (income)	6,220	7,548	8,712	15%
Income from financial investments	2	0.996	16	1.546%
Income from the sale of tangible assets	140	201	172	-14%
Other income	56	115	143	24%
2. Distributed economic value	3,205	4,386	5,262	20%
Operating expenses	1,172	1,359	1,596	18%
Salaries, other payments and benefits to employees	1,316	2,066	2,236	8%
- including wages	1,096	1,863	2,021	8%
- including other payments and benefits to employees	220	203	215	6%
Payments to capital providers	345	500	610	22%
- including dividends paid	3	0	2	-
- including financial expenses	342	500	607	22%
Other expenses	0	0	0	-
Payments to the state	309	421	735	75%
including income tax	49	63	251	295%
Investments in local communities	63	41	86	110%
3. Undistributed economic value	3,213	3,479	3,782	9%

¹ The data is provided based on preliminary consolidated financial statements. The company reserves the right to revise the final figures until August 31, 2025.