JSC Kvartz Posts 5.9 Billion Soums Profit in H1 2026

Tashkent, Uzbekistan (UzDaily.uz) — Net profit of JSC Kvartz reached 5.9 billion soums in the first half of 2026, compared to a net loss of 46.7 billion soums recorded in the same period of 2025.

The company's net revenue for January–June grew 55.9% year-on-year to 307.6 billion soums.

Profit over the past 12 months stood at 54 billion soums, up 145.7% compared to the previous year. However, this figure reflects results from prior reporting periods and does not fully represent the company's current financial improvement.

Kvartz also significantly reduced its debt burden. Long-term loans and borrowings were fully paid off, falling from 107.3 billion soums to zero. Short-term loans and borrowings decreased from 175.8 billion soums to 139.9 billion soums.

At the end of the first half, total assets of Kvartz stood at 506.1 billion soums, down 19.2% year-on-year. Equity increased 28.3% to 244 billion soums.

Retained earnings stood at minus 91.8 billion soums, reflecting a 37% improvement compared to the same period last year.