The state enterprise Navoiyuran reported a significant rise in profit amid strong activity in the uranium market.
In the first nine months of 2025, the company’s net profit reached 3.7 trillion UZS, marking a 28.6% increase compared to the same period last year. The third quarter showed particularly strong growth, with profit jumping by 149.2%, to 1.9 trillion UZS.
Balance sheet indicators also demonstrated stability: total assets grew to 13.2 trillion UZS (+2.4% YoY), and equity increased to 6.0 trillion UZS (+2.3%). However, net revenue declined by 18.7%, to 4.7 trillion UZS, reflecting price fluctuations in the market and changes in the sales structure.
In June, Navoiyuran successfully issued eurobonds on the London Stock Exchange totaling $300 million with a low 6.7% coupon rate for a five-year term.
Looking ahead, the company plans an IPO in the second half of 2026, offering 10–15% of shares on both international and domestic stock markets, aiming to attract investment and strengthen its position in the global uranium market. (UzDaily)