KazTransOil JSC presented its Annual Report for 2024, reflecting the company's key achievements at the end of the reporting period. The document was prepared in accordance with the best international practices for disclosure of information and includes the results of the company's operating and financial activities, medium-term development plans, as well as information on the corporate governance and risk management system. In addition, the Annual Report includes a report on sustainable development and an annual report of the Board of Directors of the company on the work done in 2024.
Key operational and financial indicators
At the end of 2024, the KazTransOil JSC group of companies ensured the transportation of 46.7 million tons of oil, which is 2.1% more than in 2023. The consolidated oil cargo turnover amounted to 45.2 billion ton-kilometers, an increase of 3.2%, or 1.4 billion. The consolidated revenue amounted to 311.9 billion tenge, an increase of 7.4% compared to the previous year, or 21.5 billion tenge. Net profit reached 41.6 billion tenge, an increase of 26.6%, or 8.7 billion tenge compared to 2023. 41.3 billion tenge of taxes and mandatory payments were transferred to the state budget of the Republic of Kazakhstan, which is 3% higher than the level of the previous year.
Sustainable development and ESG focus
KazTransOil JSC consistently implements measures to reduce its impact on the environment. In 2024, the level of pollutant emissions was reduced by 6.9%. The total investment of KazTransOil JSC in industrial safety and labor protection amounted to 5.8 billion tenge, which is 3.6% more than in 2023. 3.9 billion tenge was allocated for social support of employees, an increase of 5.4%. New public infrastructure facilities were commissioned: dormitories, canteens and office premises.
Dividend policy
25 billion tenge were allocated for the payment of dividends on ordinary shares of KazTransOil JSC for 2023, which is 10 billion tenge or 66.7% more than in the previous year. These indicators confirm the stable financial position of the company and its focus on protecting the interests of shareholders.
Strategic priorities
KazTransOil JSC will continue to implement key strategic initiatives, including the development of the Trans-Caspian route, expansion of export potential, implementation of digital solutions and strengthening of ESG approaches. The company confirms its commitment to the principles of sustainable development, effective corporate governance and social responsibility, strengthening its position as a national leader in the field of oil transportation.
You can read the full text of the Annual Report for 2024 on the company's official website:
https://kaztransoil.kz/en/to_shareholders_and_investors/annual_reports/
