Net profit of Navoi Mining and Metallurgical Company (NGMK) reached $3.5 billion in 2025, marking a 64% increase compared to $2.1 billion in 2024.
The company’s revenue rose by 46.4%, to $10.8 billion, while operating profit grew by 58%, to $6.2 billion, up from $3.9 billion a year earlier.
As of year-end, total assets stood at $9.7 billion, up by 9.5%, while equity increased by 12.8%, to $5.4 billion. Retained earnings reached $5.3 billion, reflecting a 4.8% increase.
Navoi Mining and Metallurgical Company is also preparing for an initial public offering (IPO), which is expected to be conducted simultaneously on the London Stock Exchange and the domestic market.
Preliminary estimates suggest the company’s valuation, including debt obligations, could reach around $20 billion. (UzDaily)