JSC Uzmetkombinat significantly improved its financial results in the first quarter of 2026, posting a net profit of 116.5 billion sums compared to 10.1 billion sums in the same period last year, according to corporate reporting.
At the same time, the company’s revenue declined by 4.8%, to about 1.4 trillion sums. Despite this, gross profit increased by 9%, to 270.8 billion sums, reflecting improved efficiency in core operations.
A major impact on the final financial result came from foreign exchange differences. Income from this item rose to 251.5 billion sums, while related losses also increased to 203.4 billion sums.
The financial statements also show changes in the company’s debt structure. Long-term loans increased from 3.3 trillion to 5.7 trillion sums, while short-term borrowings fell from 2.5 trillion to 1 trillion sums.
As of the reporting period, the company’s assets grew by 7.8%, to 13.9 trillion sums, equity increased by 4.1%, to 6.2 trillion sums, and retained earnings rose by 28.2%.
The company’s valuation ratio declined, with the P/E ratio falling from 14.2 to 8.7, reflecting a change in market valuation amid a 17% increase in trailing twelve-month profit, which reached 390.5 billion sums. (UzDaily)