KMG International Strengthens Financial Performance and Expands International Partnerships

As of H1 2026, the European asset of KazMunayGas NC JSC — KMG International (KMGI) demonstrated stable financial and operational performance.

During the reporting period, the volume of feedstock processed at the Petromidia refinery amounted to 2.6 MMt. The volume of petroleum product production reached 2,529,000 tonnes, including:    

• diesel fuel — 1,159 MMt;
• gasoline — 700,000 tonnes;
• Jet A1 aviation fuel — 225,000 tonnes.

The sales volume of KMGI's retail companies increased by 7% and reached 1,444,000 tonnes, mainly due to increased wholesale in Romania and Moldova.

Sales of non-fuel goods in Romania also increased by 6% to $26.1 million.

Consolidated EBITDA amounted to $203 million, which is 40% higher than the same period last year, and net profit reached $87 million against a loss of $6 million a year earlier.

As part of its international trading development, KMGI signed an agreement with the State Property Agency of the Republic of Moldova to expand bilateral cooperation. The project will enable the company to enter Moldovan aviation fuel market, arrange direct “into‑plane” deliveries, and improve the efficiency of the logistics chain in the region.

The project viability is confirmed by the dynamic development of Chisinau International Airport, which by the end of 2025 demonstrated one of the highest passenger traffic growth rates among European airports, at 47%.

The project implementation is in line with KMGI's long-term strategy for developing international partnerships.