Kyrgyzneftegaz shareholders revised the company's budget for the current year

On 17 October, Kyrgyzneftegaz Open Joint Stock Company held an extraordinary general meeting of shareholders, at which the key issue was the revision of the company's budget for 2025. The meeting was held in person with a quorum of 91.1%.

Following the discussions, the shareholders voted by a majority (99.9% in favour) to support the amendments and additions to the company's financial plan. The details of the budget revision have not been disclosed.

At the same time, according to the company's financial statements, its net profit for March this year amounted to 607.85 million KGS. Compared to the same period last year, there was a decrease of almost 20% (758.43 million KGS).

In addition, the meeting participants approved a number of organisational changes, including:

• adoption of a new version of the Regulations on the Management Board of Kyrgyzneftegaz OJSC;
• abolishing the previous Regulations on the Audit Commission and creating an Internal Audit Service;
• making changes and additions to the Company's Articles of Association.

According to the official minutes, all decisions were taken by an overwhelming majority of votes, which indicates consensus among shareholders.

We would like to add that the company's shareholders are 1,967 individuals who own 8.72% of the shares, another 5.1128% is shared among 14 legal entities, and finally, the controlling stake of 86.1672% is held by the state.