Financial results and sustainable growth
GRI 201-1
GRI 201-4
As a key driver of the national economy, we maintain a steady positive trend in our main financial indicators. This ensures that obligations to the state and society are met in full and on time.
Revenue growth of 15% was driven by the expansion of the Fund's activities in commodities, gas transport and infrastructure against a backdrop of growing sales volumes and cash receipts from customers.
44.2
KZT trillion
Assets under Fund's management at the end of 2025
KZT 41.1 trillion in 2024
64
KZT billion
State subsidies in 2025
11% higher than in 202420
Direct economic value generated and distributed, KZT billion
| Indicator | 2023 | 2024 | 2025 |
|---|---|---|---|
| Direct economic value generated | |||
| Total revenues21 | 17,198 | 18,470 | 21,231 |
| Economic value distributed | |||
| Total expenditure22 | (14,947) | (15,405) | (16,898) |
| Operating costs | (9,335) | (9,864) | (11,465) |
| Employee wages and benefits | (1,992) | (2,231) | (2,487) |
| Payments to providers of capital | (2,212) | (1,683) | (1,263) |
| Payments to government | (1,270) | (1,310) | (1,468) |
| Community investments | (138) | (317) | (216) |
| Economic value retained | |||
| 2,251 | 3,065 | 4,333 | |
- Government subsidies are provided to the Fund exclusively by the Republic of Kazakhstan. The Fund Group does not receive any other forms of government financial assistance.
- Total revenue and other income in the statement of comprehensive income.
- Total expenses and costs in the statement of comprehensive income.