Samruk-Kazyna forecasts 20% drop in net profit in 2025 amid lower oil pricesKazakhstan’s Sovereign Wealth Fund Samruk-Kazyna expects its net profit on an attributable basis to fall by 20% in 2025 to 1.438 trillion tenge, Samruk-Kazyna said in a Friday press release following a meeting of its Public Council.In 2024, Samruk-Kazyna’s attributable net profit amounted to 1.795 trillion tenge. Thus, the Fund's profit will decrease by 20% by the end of the current year.Samruk-Kazyna does not fully own all of its subsidiaries, the press service told Interfax-Kazakhstan. Many of the subsidiaries went public through IPOs and now have minority shareholders, which is why the net profit is calculated according to the Fund’s share or on an attributable basis.The projected decrease is due to a lower forecasted oil price of $75 per barrel in 2025, which is down from $81 per barrel in 2024, Samruk-Kazyna’s press service said.Additionally, the Fund’s revenue is expected to decrease by 2.07% to 16.814 trillion tenge in 2025 from 17.171 trillion tenge in 2024. Earnings before interest, taxes, depreciation and amortization (EBITDA) are projected to decrease by 6.6% year-on-year to 4.3 trillion tenge in 2025.Sovereign Wealth Fund Samruk-Kazyna JSC was organized in 2008 through the merger of Kazyna Sustainable Development Fund and Samruk Holding for State Assets Management. Samruk-Kazyna owns and operates strategic assets of Kazakhstan, including Air Astana, Kazakhtelecom, Kazatomprom, KazMunayGas, KazPost, Kazakhstan Temir Zholy, KEGOC and others. (ICE ALMATY)

Fonte notizia: INTERFAX