Major financial events of Samruk-Energy JSC in 2024

Entered into a pre-listing agreement with the MFCA Exchange for a liquidity management programme, which will enable Samruk-Energy JSC Group to issue bonds on AIX on a prompt timetable and with favourable fees.

The Samruk-Energy Group of companies launched physical cache pooling through gradual inclusion of subsidiaries and affiliates, which made it possible to improve the efficiency of the Group's cash management, increase financial income and optimise banking costs.

The first selection from the EBRD under the AlES JSC project for gasification of CHPP-2 for the amount of KZT 21 billion was implemented. The project is aimed at improving the environmental situation and increasing the efficiency of the CHPP. A subsequent EBRD disbursement of KZT 22.9 billion was made on 2 December.

A loan agreement was concluded between GRES-1 LLP and Halyk Bank of Kazakhstan JSC to finance the reconstruction of GRES-1 for the amount of KZT 79 billion, the disbursed amount in 2024 was KZT 39.3 billion. The modernisation of fuel supply was carried out to improve the operation of the plant.

Samruk-Energy JSC paid dividends in favour of the Sole Shareholder for 2023 in the amount of KZT 20.6 billion. This amount became a record for the group.

By the decision of the Management Board it was approved to increase the authorised capital of Kokshetau TPP LLP by means of additional contributions made by the participants: Samruk-Energy JSC KZT 4,137 million and Samruk-Kazyna JSC KZT 4,137 million. The capital increase will allow to improve the company's financial performance and develop infrastructure.

The Liquidity Management Programme bond programme was registered with AIX with a limit of KZT 250 billion. The programme will provide for more prompt issuance of bonds for the Group's subsidiaries.

Part of the GRES-1 loan under the "Rehabilitation of Unit 1" project was refinanced through the issue of longterm bonds in the amount of KZT 34.7 billion, which allowed optimising interest expenses.

Between Halyk Bank of Kazakhstan JSC and JSC SEGRES-2 concluded a loan agreement in the amount of KZT 5.5 billion to finance the projects "Replacement of the GZU pipeline" and "Acquisition of a set of flanging impellers RND (4.5 stages)".

International rating agency Fitch Ratings affirmed credit ratings of Samruk- Energy JSC at BB+ level, the forecast is "Stable".

The first selection from ADB under the AlES JSC project for gasification of CHPP-2 for the amount of KZT 15 billion was implemented.

Amid rising tariffs and improved operational efficiency, the Samruk- Energy JSC Group achieved a record level of financial income in 2024 – KZT 9.6 billion, significantly exceeding the figures of previous years. Compared to 2023, income increased by 1.3 times (from KZT 7.3 billion), by 3.5 times compared to 2022 (KZT 2.75 billion), and by 3.7 times compared to 2021 (KZT 2.6 billion).