JSC “Almalyk Mining and Metallurgical Combine” (AGMK) recorded a significant improvement in financial performance in 2025, reporting a net profit of 11.6 trillion sums, an increase of 50.5% compared to 2024.
The most pronounced growth occurred in the fourth quarter, with the company earning 3.3 trillion sums over the last three months of the year, up by 111.1% YoY.
Export revenue for the reporting period decreased to $510.4 million, accounting for 12.1% of total revenue, compared to $610.9 million, or 19.5%, a year earlier.
The financial statements also reflect changes in the company’s liability structure. Long-term loans and borrowings increased by 1.6 trillion sums over the year, reaching 28.5 trillion sums, while short-term borrowings decreased by 1.1 trillion sums, to 2.5 trillion sums.
As of the end of 2025, the company’s assets amounted to 86.4 trillion sums, up by 18.1%. Equity rose to 34.7 trillion sums, and retained earnings reached 15.9 trillion sums, an increase of 51.9% compared to the previous year. Total revenue of the enterprise reached 50.4 trillion sums, marking a 33.9% growth.
Against the backdrop of improved financial results, AGMK is preparing for a public listing. The company plans to conduct its initial public offering (IPO) in the first half of 2027, with 10-15% of shares expected to be offered.
The IPO is scheduled following the 2026 IPO of the National Investment Fund and the stock market debut of NGMK, which was initially planned for 2025 but likely postponed to 2026. (UzDaily)