Navoiyuran Reports 28.6% Profit Increase for First Nine Months of 2025

Tashkent, Uzbekistan (UzDaily.uz) — State Enterprise Navoiyuran reported a significant rise in profit amid strong activity in the uranium market.

For the first nine months of 2025, the company’s net profit reached 3.7 trillion UZS, marking a 28.6% increase compared to the same period last year. The third quarter showed particularly strong growth, with profit jumping 149.2% year-on-year to 1.9 trillion UZS.

Balance sheet indicators also demonstrated stability: total assets grew to 13.2 trillion UZS (+2.4% YoY), and equity increased to 6.0 trillion UZS (+2.3% YoY). However, net revenue declined by 18.7% year-on-year to 4.7 trillion UZS, reflecting price fluctuations in the market and changes in the sales structure.

In June 2025, Navoiyuran successfully issued eurobonds on the London Stock Exchange totaling $300 million with a low 6.7% coupon rate for a five-year term.

Looking ahead, the company plans an IPO in the second half of 2026, offering 10–15% of shares on both international and domestic stock markets, aiming to attract investment and strengthen its position in the global uranium market.