Sustainability Report: Aspect G

Economic Performance

Management Approach

GRI 3-3

The economic component of Kazakhtelecom JSC’s operations plays a key role in the Company’s strategic planning as well as in the national economy. It is aimed at increasing the Company’s long-term value for shareholders and investors, which is one of its strategic priorities.

As the largest telecommunications operator in the Republic of Kazakhstan, the Company seeks to make a significant contribution to the modernization and diversification of the national economy and to promote the sustainable development of local communities.

GRI 201-1

Kazakhtelecom JSC strives to make a significant contribution to the socio-economic development of the regions where it operates.

The Company generates direct economic value through its core business activities that drive revenue. This created value is distributed through the payment of wages to employees, dividends to shareholders, taxes and other payments to the government, procurement of goods and services, and voluntary social investments. For more details, see the sections “Employee Engagement” and “Local Communities.”

GRI 2-6, 201-1

Direct Economic Value Generated and Distributed in 2024, KZT million

Indicator	2024
1. Direct economic value generated	314,018
Revenue	307,881
Income from financial investments	4,534
Other income	1,603
2. Economic value distributed	280,606
Operating expenses	121,086
Wages, other payments and employee benefits	112,577
– of which: wages	110,042
– of which: other payments and employee benefits	2,535
Payments to capital providers	40,906
– of which: dividends	23,070
– of which: financial costs	17,836
Payments to the government	6,037
– of which: taxes	2,281
– of which: corporate income tax	3,756
Investments in local communities	0
3. Economic value retained	33,412