NGMK Net Profit Surges 64% to US$3.5bn in 2025

Askar Yakubov · 17:08, 28.03.2026 · Updated 19:49 · 1916 views

Tashkent, Uzbekistan (UzDaily.uz) — Net profit of Navoi Mining and Metallurgical Company (NGMK) reached US$3.5 billion in 2025, marking a 64% increase compared to US$2.1 billion in 2024.

The company’s revenue rose by 46.4% to US$10.8 billion, while operating profit grew by 58% to US$6.2 billion, up from US$3.9 billion a year earlier.

By year-end, total assets stood at US$9.7 billion, up 9.5% year-on-year, while equity increased by 12.8% to US$5.4 billion. Retained earnings reached US$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 US$20 billion.

Askar Yakubov

Askar Yakubov is a professional photojournalist with extensive experience in news and reportage photography. He specializes in fast-paced coverage of social, political, cultural, international, business, and community events, with a sharp eye for capturing expressive shots and conveying the atmosphere of an event under tight time constraints. His skill set spans reportage, portrait, and documentary photography, along with image editing and color correction, and preparing photo materials for media and digital platforms. He is known for his professionalism, adherence to editorial standards, and ability to work both independently and as part of a shooting team.