Ferghana Refinery Reports Loss of 538 Billion Soums in 2025

Tashkent, Uzbekistan (UzDaily.com) — LLC “Ferghana Oil Refinery” (FNPR) closed 2025 with a net loss of 538.1 billion soums, compared to a net profit of 220.0 billion soums in 2024.

The company’s annual revenue fell from 2.3 trillion to 1.9 trillion soums. Financial results were heavily influenced by currency exchange differences: gains from currency adjustments rose from 501.2 billion to 562.7 billion soums, while losses surged from 222.8 billion to 1.3 trillion soums.

Long-term liabilities increased from 3.2 trillion to 3.3 trillion soums, while short-term loans remained at 1.2 trillion soums. Total assets grew 12.4% to 7.8 trillion soums, but equity fell 39.6% to 849.3 billion soums.

The refinery was privatized in May 2022, with 100% of state shares acquired by Sanoat Energetika Guruhi (SANEG) for US$100 million. As part of the deal, the investor committed to implementing an investment program exceeding US$380 million.