Income Statement Maten Petroleum

Stocks

MATN

KZ1C00000868

Oil & Gas Exploration and Production

End-of-day quote Kazakhstan S.E. 20/03/2026			5-day change	1st Jan Change
5,150.00 ^KZT	-14.88%		-.--%	-14.88%

05-14	Maten Petroleum JSC Reports Earnings Results for the First Quarter Ended March 31, 2026	CI
03-05	Maten Petroleum JSC Announces Board Changes	CI

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Published financial data: MATEN PETROLEUM

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2021 (KZT)	2022 (KZT)	2023 (KZT)	2024 (KZT)	2025 (KZT)
Revenues	148B	191B	163B	127B	115B
Total Revenues	148B	191B	163B	127B	115B
Cost of Goods Sold, Total	20.56B	29.7B	39.1B	31.84B	31.62B
Gross Profit	127B	161B	123B	95.53B	83.84B
Selling General & Admin Expenses, Total	21.62B	20.9B	25.51B	31.73B	14.3B
Impairment of Oil, Gas & Mineral Properties - (IS)	-	-	2.18B	-	-
Other Operating Expenses	49.91B	61.61B	39.24B	35.89B	33.49B
Other Operating Expenses, Total	71.53B	82.51B	66.93B	67.62B	47.79B
Operating Income	55.87B	78.82B	56.49B	27.91B	36.05B
Interest Expense, Total	-6.53B	-6.28B	-6.93B	-5.33B	-4.99B
Interest And Investment Income	715M	955M	1.9B	2.82B	4.53B
Net Interest Expenses	-5.81B	-5.33B	-5.02B	-2.51B	-467M
Currency Exchange Gains (Loss)	-2.8B	-6.42B	-86M	396M	-2.94B
Other Non Operating Income (Expenses)	-427M	-548M	-1.81B	-2.32B	-781M
EBT, Excl. Unusual Items	46.83B	66.52B	49.58B	23.48B	31.86B
Gain (Loss) On Sale Of Assets	-	-	-	-	-
Other Unusual Items	-	-	557M	-	-
EBT, Incl. Unusual Items	46.83B	66.52B	50.14B	23.48B	31.86B
Income Tax Expense	18.95B	23.46B	12.13B	11.37B	7.17B
Earnings From Continuing Operations	27.88B	43.05B	38B	12.12B	24.68B
Net Income to Company	27.88B	43.05B	38B	12.12B	24.68B
Net Income - (IS)	27.88B	43.05B	38B	12.12B	24.68B
Net Income to Common Incl Extra Items	27.88B	43.05B	38B	12.12B	24.68B
Net Income to Common Excl. Extra Items	27.88B	43.05B	38B	12.12B	24.68B
Per Share Items
Net EPS - Basic	348.51	538.18	475.02	151.46	308.53
Basic EPS - Continuing Operations	348.51	538.18	475.02	151.46	308.53
Basic Weighted Average Shares Outstanding	80M	80M	80M	80M	80M
Net EPS - Diluted	348.51	538.18	475.02	151.46	308.53
Diluted EPS - Continuing Operations	348.51	538.18	475.02	151.46	308.53
Diluted Weighted Average Shares Outstanding	80M	80M	80M	80M	80M
Normalized Basic EPS	365.85	519.68	387.33	183.47	248.88
Normalized Diluted EPS	365.85	519.68	387.33	183.47	248.88
Supplemental Items
EBITDA	72.02B	94.29B	74.61B	43.66B	51.9B
EBITA	61.51B	83.31B	60.5B	31.73B	39.64B
EBIT	55.87B	78.82B	56.49B	27.91B	36.05B
EBITDAR	72.9B	95.89B	76.08B	45.25B	53.39B
Effective Tax Rate - (Ratio)	40.46	35.28	24.2	48.4	22.52
Current Domestic Taxes	20.61B	23.58B	12.66B	12.27B	7.6B
Total Current Taxes	20.61B	23.58B	12.66B	12.27B	7.6B
Deferred Domestic Taxes	-2.13B	-119M	-524M	-899M	-422M
Total Deferred Taxes	-2.13B	-119M	-524M	-899M	-422M
Normalized Net Income	29.27B	41.57B	30.99B	14.68B	19.91B
Interest on Long-Term Debt	6.53B	6.39B	8.33B	6.92B	5.17B
Supplemental Operating Expense Items
Marketing Expenses	-	-	-	-	-
Selling and Marketing Expenses	15.49B	15.34B	18.32B	14.58B	14.86B
General and Administrative Expenses	6B	5.2B	6.74B	16.7B	-970M
Research And Development Expense From Footnotes	788M	798M	161M	2.26B	879M
Net Rental Expense, Total	882M	1.6B	1.48B	1.59B	1.48B
Imputed Operating Lease Interest Expense	417M	976M	1.2B	1.19B	1.14B
Imputed Operating Lease Depreciation	465M	623M	275M	405M	339M
Maintenance & Repair Expenses, Total	861M	1.07B	858M	1.31B	922M

Fiscal Period: December	2021 (KZT)	2022 (KZT)	2023 (KZT)	2024 (KZT)	2025 (KZT)
Assets
Cash And Equivalents	1.77B	6.87B	1.49B	5.35B	930M
Short Term Investments	26.13M	51.3M	56.68M	48.03M	-
Total Cash And Short Term Investments	1.8B	6.92B	1.55B	5.4B	930M
Accounts Receivable, Total	9.65B	11.31B	20.12B	15B	1.54B
Other Receivables	4.28B	4.06B	7.08B	3.95B	5.21B
Notes Receivable	5.93B	31.98B	59.89B	63.83B	58.8B
Total Receivables	19.85B	47.35B	87.09B	82.79B	65.54B
Inventory	11.42B	9.29B	10.93B	10.79B	10.79B
Other Current Assets, Total	1.4B	57.83M	1.79B	2.43B	3.41B
Total Current Assets	34.48B	63.62B	101B	101B	80.67B
Gross Property Plant And Equipment	253B	261B	273B	287B	304B
Accumulated Depreciation	-106B	-121B	-136B	-151B	-166B
Net Property Plant And Equipment	147B	141B	137B	136B	139B
Long-term Investments	39.71M	42.56M	41.82M	48.16M	46.24M
Other Intangibles, Total	243M	210M	142M	71.7M	29.68M
Loans Receivable Long-Term	1.6B	1.63B	2.88B	5.91B	27.72B
Other Long-Term Assets, Total	3.09B	6.74B	9.25B	2.88B	4.76B
Total Assets	187B	213B	251B	246B	252B
Liabilities
Accounts Payable, Total	5.02B	2.19B	4.54B	3.91B	3.14B
Accrued Expenses, Total	8.95B	7.39B	2.95B	902M	717M
Short-term Borrowings	-	-	-	-	-
Current Portion of Long-Term Debt	87.59B	14.92B	19.2B	53.79B	9.07B
Current Income Taxes Payable	9.12B	6.98B	-	2.72B	-
Unearned Revenue Current, Total	-	3.39B	28.06B	9.13B	6.2B
Other Current Liabilities	1.78B	1.84B	1.8B	10.47B	2.24B
Total Current Liabilities	112B	36.7B	56.54B	80.92B	21.37B
Long-Term Debt	1.54B	60.68B	41.44B	-	40.71B
Deferred Tax Liability Non Current	17.56B	17.44B	16.92B	16.02B	15.6B
Other Non Current Liabilities	6.01B	5.8B	5.56B	6.85B	7.12B
Total Liabilities	138B	121B	120B	104B	84.8B
Common Stock, Total	80M	80M	80M	80M	80M
Retained Earnings	49.12B	92.18B	130B	142B	167B
Total Common Equity	49.2B	92.26B	130B	142B	167B
Total Equity	49.2B	92.26B	130B	142B	167B
Total Liabilities And Equity	187B	213B	251B	246B	252B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	80M	80M	80M	80M	80M
ECS Total Common Shares Outstanding	80M	80M	80M	80M	80M
Book Value / Share	615.06	1.15K	1.63K	1.78K	2.09K
Tangible Book Value	48.96B	92.05B	130B	142B	167B
Tangible Book Value Per Share	612.02	1.15K	1.63K	1.78K	2.09K
Total Debt	89.14B	75.61B	60.63B	53.79B	49.78B
Net Debt	87.34B	68.68B	59.09B	48.38B	48.85B
Debt Equivalent Oper. Leases	7.06B	12.79B	11.8B	12.72B	11.85B
Account Code - Inventory Valuation	6	6	6	6	6
Inventories - Raw Materials, Total	2.06B	2.51B	3.69B	3.7B	4.14B
Inventories - Finished Goods, Total	1.75B	1.84B	1.62B	2.17B	1.74B
Land - (BS)	141M	141M	141M	141M	321M
Buildings, Total	3.77B	3.89B	3.95B	4.97B	5.39B
Machinery, Total	1.82B	2.21B	2.53B	5.76B	6.15B
Full Time Employees	419	-	-	-	-

Fiscal Period: December	2021 (KZT)	2022 (KZT)	2023 (KZT)	2024 (KZT)	2025 (KZT)
Net Income	27.88B	43.05B	38B	12.12B	24.68B
Depreciation & Amortization - CF	10.52B	10.98B	11.93B	11.93B	12.27B
Amortization of Goodwill and Intangible Assets - (CF)	5.64B	4.49B	4.01B	3.82B	3.59B
Impairment of Oil, Gas & Mineral Properties - (CF)	-	-	2.18B	-	-
Depreciation & Amortization, Total	16.15B	15.47B	18.12B	15.75B	15.86B
(Gain) Loss From Sale Of Asset	-	-	-	1.2M	257M
Asset Writedown & Restructuring Costs	181M	-777K	-	-	130M
Provision and Write-off of Bad Debts	2.6B	-	-	-	-
Other Operating Activities, Total	13.8B	7.86B	-1.77B	15.43B	-10.37B
Change In Accounts Receivable	-4.36B	-13.17B	-15.88B	7.02B	12.35B
Change In Inventories	-457M	-539M	-959M	-563M	62.68M
Change In Accounts Payable	762M	12.42B	1.63B	-627M	-1.16B
Change in Unearned Revenues	-1.4B	3.39B	24.67B	-18.93B	-2.93B
Change In Income Taxes	970M	304M	-2.96B	3.19B	-1.22B
Change in Other Net Operating Assets	4.89B	-1.41B	-8.59B	-4.98B	-1.5B
Cash from Operations	61.02B	67.37B	52.28B	28.41B	36.15B
Capital Expenditure	-9.19B	-10.67B	-9.63B	-9.51B	-18.88B
Sale (Purchase) of Intangible assets	-216M	-66.17M	-16.9M	-	-21.18M
Net (Increase) Decrease in Loans Originated / Sold - Investing	-	-25.28B	-28.04B	3.37B	-14.03B
Other Investing Activities, Total	-150M	-869M	-236M	-332M	-90.01M
Cash from Investing	-9.56B	-36.89B	-37.92B	-6.47B	-33.02B
Short Term Debt Issued, Total	-	-	-	-	-
Long-Term Debt Issued, Total	-	16.54B	-	-	-
Total Debt Issued	-	16.54B	-	-	-
Long-Term Debt Repaid, Total	-46.06B	-36.91B	-13.73B	-13.69B	-1.03B
Total Debt Repaid	-46.06B	-36.91B	-13.73B	-13.69B	-1.03B
Other Financing Activities, Total	-5.53B	-4.75B	-5.71B	-4.55B	-5.94B
Cash from Financing	-51.6B	-25.12B	-19.44B	-18.25B	-6.97B
Foreign Exchange Rate Adjustments	23.4M	-253M	-302M	175M	-578M
Net Change in Cash	-113M	5.1B	-5.38B	3.86B	-4.42B
Supplemental Items
Cash Interest Paid	5.53B	4.75B	5.71B	4.55B	4.89B
Cash Income Tax Paid (Refund)	13.03B	27.12B	19.93B	8.62B	13.11B
Levered Free Cash Flow	48.07B	22.95B	11.91B	13.94B	17.85B
Unlevered Free Cash Flow	52.15B	26.88B	16.23B	17.27B	20.97B
Change In Net Working Capital	-10.49B	27.11B	27.55B	6.42B	-1.49B
Net Debt Issued / Repaid	-46.06B	-20.37B	-13.73B	-13.69B	-1.03B

Fiscal Period: December	2021 (KZT)	2022 (KZT)	2023 (KZT)	2024 (KZT)	2025 (KZT)
Profitability
Return on Assets	18.48	24.65	15.23	7.02	9.05
Return on Total Capital	23.95	32.17	19.68	9.01	10.91
Return On Equity %	79.06	60.87	34.16	8.89	15.95
Return on Common Equity	79.06	60.87	34.16	8.89	15.95
Margin Analysis
Gross Profit Margin %	86.1	84.45	75.94	75	72.62
SG&A Margin	14.61	10.94	15.7	24.91	12.39
EBITDA Margin %	48.68	49.36	45.91	34.28	44.96
EBITA Margin %	41.57	43.61	37.23	24.92	34.33
EBIT Margin %	37.76	41.26	34.76	21.91	31.22
Income From Continuing Operations Margin %	18.84	22.54	23.38	9.51	21.38
Net Income Margin %	18.84	22.54	23.38	9.51	21.38
Net Avail. For Common Margin %	18.84	22.54	23.38	9.51	21.38
Normalized Net Income Margin	19.78	21.76	19.07	11.52	17.25
Levered Free Cash Flow Margin	32.49	12.02	7.33	10.94	15.46
Unlevered Free Cash Flow Margin	35.24	14.07	9.99	13.56	18.16
Asset Turnover
Asset Turnover	0.78	0.96	0.7	0.51	0.46
Fixed Assets Turnover	0.98	1.33	1.17	0.93	0.84
Receivables Turnover (Average Receivables)	15.46	18.23	10.34	7.25	13.96
Inventory Turnover (Average Inventory)	1.98	2.87	3.87	2.93	2.93
Short Term Liquidity
Current Ratio	0.31	1.73	1.79	1.25	3.78
Quick Ratio	0.14	0.61	0.51	0.3	0.36
Operating Cash Flow to Current Liabilities	0.54	1.84	0.92	0.35	1.69
Days Sales Outstanding (Average Receivables)	23.61	20.03	35.3	50.46	26.14
Days Outstanding Inventory (Average Inventory)	184.11	127.25	94.35	124.84	124.59
Average Days Payable Outstanding	73.11	47.72	30.11	48.76	40.73
Cash Conversion Cycle (Average Days)	134.61	99.55	99.53	126.54	110.01
Long Term Solvency
Total Debt/Equity	181.15	81.95	46.55	37.78	29.8
Total Debt / Total Capital	64.43	45.04	31.76	27.42	22.96
LT Debt/Equity	3.14	65.77	31.81	-	24.37
Long-Term Debt / Total Capital	1.12	36.15	21.71	-	18.77
Total Liabilities / Total Assets	73.66	56.66	48.04	42.16	33.67
EBIT / Interest Expense	8.56	12.54	8.16	5.24	7.22
EBITDA / Interest Expense	11.03	15	10.77	8.19	10.4
(EBITDA - Capex) / Interest Expense	9.63	13.31	9.38	6.41	6.61
Total Debt / EBITDA	1.24	0.8	0.81	1.23	0.96
Net Debt / EBITDA	1.21	0.73	0.79	1.11	0.94
Total Debt / (EBITDA - Capex)	1.42	0.9	0.93	1.57	1.51
Net Debt / (EBITDA - Capex)	1.39	0.82	0.91	1.42	1.48
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	72.56	21.15	-14.93	-21.63	-9.36
Gross Profit, 1 Yr. Growth %	94.91	26.63	-23.5	-22.6	-12.24
EBITDA, 1 Yr. Growth %	94.55	30.92	-20.87	-41.48	18.88
EBITA, 1 Yr. Growth %	122.72	35.44	-27.38	-47.55	24.9
EBIT, 1 Yr. Growth %	138.93	41.07	-28.32	-50.59	29.14
Earnings From Cont. Operations, 1 Yr. Growth %	-1.18K	54.42	-11.74	-68.11	103.7
Net Income, 1 Yr. Growth %	-1.18K	54.42	-11.74	-68.11	103.7
Normalized Net Income, 1 Yr. Growth %	1.23K	42.05	-25.47	-52.63	35.65
Diluted EPS Before Extra, 1 Yr. Growth %	-1.18K	54.42	-11.74	-68.11	103.7
Accounts Receivable, 1 Yr. Growth %	1.64	17.22	77.9	-25.46	-89.74
Inventory, 1 Yr. Growth %	22.58	-18.71	17.69	-1.24	-0.03
Net Property, Plant and Equip., 1 Yr. Growth %	-4.25	-4.54	-2.56	-0.88	2.06
Total Assets, 1 Yr. Growth %	-2.26	13.97	17.77	-1.82	2.32
Tangible Book Value, 1 Yr. Growth %	130.21	88	41.36	9.37	17.37
Common Equity, 1 Yr. Growth %	130.75	87.5	41.19	9.3	17.34
Cash From Operations, 1 Yr. Growth %	79.19	10.41	-22.41	-45.66	27.25
Capital Expenditures, 1 Yr. Growth %	0.59	16.14	-9.81	-1.24	98.6
Levered Free Cash Flow, 1 Yr. Growth %	226.13	-52.25	-48.13	17.05	28.53
Unlevered Free Cash Flow, 1 Yr. Growth %	168.74	-48.45	-39.6	6.36	21.78
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	2.66	49.26	1.52	-18.35	-15.71
Gross Profit, 2 Yr. CAGR %	0.36	57.1	-1.58	-23.05	-17.58
EBITDA, 2 Yr. CAGR %	0.3	59.59	1.78	-31.95	-16.59
EBITA, 2 Yr. CAGR %	-1.14	73.69	-0.82	-38.28	-19.06
EBIT, 2 Yr. CAGR %	-2.28	83.59	0.55	-40.49	-20.12
Earnings From Cont. Operations, 2 Yr. CAGR %	-12.37	308.92	16.75	-46.95	-19.41
Net Income, 2 Yr. CAGR %	-12.37	308.92	16.75	-46.95	-19.41
Normalized Net Income, 2 Yr. CAGR %	-1.06	335.37	2.89	-40.58	-19.84
Diluted EPS Before Extra, 2 Yr. CAGR %	-12.37	308.92	16.75	-46.95	-19.41
Accounts Receivable, 2 Yr. CAGR %	-22.28	9.15	44.41	15.15	-72.35
Inventory, 2 Yr. CAGR %	29.69	-0.18	-2.19	7.81	-0.63
Net Property, Plant and Equip., 2 Yr. CAGR %	-4.53	-4.4	-3.56	-1.72	0.58
Total Assets, 2 Yr. CAGR %	-4.94	5.55	15.86	7.53	0.23
Tangible Book Value, 2 Yr. CAGR %	43.34	108.04	63.02	24.34	13.3
Common Equity, 2 Yr. CAGR %	43.49	108	62.71	24.23	13.25
Cash From Operations, 2 Yr. CAGR %	25.65	40.66	-7.44	-35.07	-16.85
Capital Expenditures, 2 Yr. CAGR %	-25.29	8.09	2.34	-5.62	40.05
Levered Free Cash Flow, 2 Yr. CAGR %	170.58	24.79	-50.23	-22.08	22.44
Unlevered Free Cash Flow, 2 Yr. CAGR %	94.97	17.7	-44.2	-19.85	13.65
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	4.49	10.81	23.76	-6.87	-15.45
Gross Profit, 3 Yr. CAGR %	4.93	8.45	23.6	-9.15	-19.6
EBITDA, 3 Yr. CAGR %	4.61	9.61	26.31	-15.37	-18.04
EBITA, 3 Yr. CAGR %	2.98	9.8	29.88	-19.79	-21.93
EBIT, 3 Yr. CAGR %	1.87	10.44	34.18	-20.65	-22.95
Earnings From Cont. Operations, 3 Yr. CAGR %	33.29	5.85	145.29	-24.25	-16.93
Net Income, 3 Yr. CAGR %	33.29	5.85	145.29	-24.25	-16.93
Normalized Net Income, 3 Yr. CAGR %	26.86	11.62	141.74	-20.55	-21.76
Diluted EPS Before Extra, 3 Yr. CAGR %	33.29	5.85	145.29	-24.25	-16.93
Accounts Receivable, 3 Yr. CAGR %	-7.35	-10.87	28.45	15.84	-48.57
Inventory, 3 Yr. CAGR %	37.91	10.99	5.46	-1.87	5.13
Net Property, Plant and Equip., 3 Yr. CAGR %	-2.18	-4.53	-3.79	-2.67	-0.48
Total Assets, 3 Yr. CAGR %	-1.4	0.99	9.47	9.64	5.76
Tangible Book Value, 3 Yr. CAGR %	57.72	56.9	82.89	42.71	21.97
Common Equity, 3 Yr. CAGR %	58.29	56.87	82.8	42.5	21.89
Cash From Operations, 3 Yr. CAGR %	16.44	20.35	15.36	-22.5	-18.74
Capital Expenditures, 3 Yr. CAGR %	-30.84	-13.45	1.76	1.14	20.94
Levered Free Cash Flow, 3 Yr. CAGR %	69.56	51.77	-6.87	-33.82	-8.04
Unlevered Free Cash Flow, 3 Yr. CAGR %	154.19	25.14	-5.77	-30.82	-7.94
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	23.3	19.81	4.61	-1.93	6.13
Gross Profit, 5 Yr. CAGR %	25.99	20.71	2.28	-5.46	5.1
EBITDA, 5 Yr. CAGR %	25.87	19.95	3.47	-9.42	6.99
EBITA, 5 Yr. CAGR %	26.41	19.98	1.44	-12.8	7.5
EBIT, 5 Yr. CAGR %	25.97	20.25	1.34	-13.76	9.04
Earnings From Cont. Operations, 5 Yr. CAGR %	24.75	19.82	26.41	-19.71	57.15
Net Income, 5 Yr. CAGR %	24.75	19.82	26.41	-19.71	57.15
Normalized Net Income, 5 Yr. CAGR %	30.41	22.53	16.67	-13.26	55.45
Diluted EPS Before Extra, 5 Yr. CAGR %	24.75	19.82	26.41	-19.71	57.15
Accounts Receivable, 5 Yr. CAGR %	11.9	3.16	10.65	-1.26	-30.51
Inventory, 5 Yr. CAGR %	38.09	35.66	20.2	9.71	2.98
Net Property, Plant and Equip., 5 Yr. CAGR %	1.17	-1.15	-2.73	-3.42	-2.07
Total Assets, 5 Yr. CAGR %	3.64	3.93	5.17	3.56	5.68
Tangible Book Value, 5 Yr. CAGR %	3.28	30.6	59.82	42.96	51.01
Common Equity, 5 Yr. CAGR %	3.41	30.71	60.04	42.89	50.94
Cash From Operations, 5 Yr. CAGR %	25.92	8.3	6.23	-5.97	1.2
Capital Expenditures, 5 Yr. CAGR %	11.72	-10.84	-19.11	-10.4	15.62
Levered Free Cash Flow, 5 Yr. CAGR %	15.23	12.17	3.84	16.24	3.9
Unlevered Free Cash Flow, 5 Yr. CAGR %	12.38	8.3	38.59	4.71	1.56