Teniz Capital Investment Banking JSC presents financial results for 2024 (preliminary unaudited data are posted on the website of JSC Kazakhstan Stock Exchange).
• Key financial performance indicators for 2024:
• net profit was 1 382 million tenge (2023: 575 million tenge);
• return on equity (ROE) was 39.5% (2023: 50.1%);
• commission income was 1 849 million tenge, increasing by 3 times compared to last year (587 million);
• equity capital at the end of 2024 was 4 344 million tenge, having increased by 2 441 million tenge (+128%) due to the profit received, as well as additional capitalization of the company in the amount of 1 210 million tenge;
• operating expenses increased by 411% and were 1 656 million tenge due to an increase in the number of employees and an increase in costs for information technology and professional services.
Revenue and income from securities transactions.
• Fee income in the amount of 1 849 million is primarily related to the following services:
• fees for underwriting services were 1 054 million tenge (2023: 244 million tenge);
• fees for brokerage services were 718 million tenge, an increase of 117% (2023: 332 million), due to an increase in the volume of funds and client activity.
• Net interest and investment income on transactions with currency and securities were 1 685 million (2023: 411 million).