During the review of the company management’s reports, positive financial results for the first quarter were noted.

Key indicators:

• Revenue from core operations in Q1 2026 totaled KZT 131.7 billion, up 42% year-on-year;

• Net profit reached KZT 34.4 billion, an increase of 85% compared to the same period last year.

In the western region, a project to integrate the regional power system with Kazakhstan’s Unified Power System is progressing at pace. This includes the construction of the 500 kV Karabatan substation, the modernization of the Olke substation, and the installation of more than 600 km of transmission lines. The project is aimed at improving the reliability of power supply and is being implemented on an accelerated timeline in line with instructions from the Head of State.

At the same time, the company is advancing a project to strengthen the power infrastructure of southern Kazakhstan. The scope includes the modernization of three 500 kV substations and the construction of approximately 475 km of transmission lines. The project will increase the capacity of the North–South transmission corridor in the Almaty–Zhambyl direction by 440 MW, enhance the stability of power supply in the southern regions, and enable the integration of new generation capacity. Commissioning is scheduled for July 1, 2027, ahead of the original timeline.

In addition, the “National Intelligent Energy System KEGOC.AI” project was named the best in the AI Governance Cup, where 46 initiatives reached the final. The award was presented by President Kassym-Jomart Tokayev. The AI-based system analyzes power system data in real time, forecasts demand, and identifies potential risks, improving operational accuracy and the reliability of the country’s electricity supply.

Efforts to further enhance efficiency and achieve strategic objectives are ongoing.