Tashkent, Uzbekistan (UzDaily.uz) — Uzbektelecom recorded a 329.7% increase in net profit during the first nine months of 2026, reaching 1.4 trillion soums, or 4.3 times the level reported a year earlier, according to financial disclosures published on the openinfo.uz portal.
In the third quarter of 2026, covering July to September, the company's net profit amounted to 484.0 billion soums, representing a 55.5% increase compared with the corresponding period of 2025.
Uzbektelecom also reported growth in gross profit, operating earnings and revenue during the reporting period.
Gross profit for the first nine months increased from 2.7 trillion soums to 3.5 trillion soums.
Profit from core operations rose by 48.4%, from 1.2 trillion soums to 1.8 trillion soums.
The company's net revenue increased by 12.7% year-on-year to 8.7 trillion soums.
Uzbektelecom's balance sheet also expanded during the period, with total assets rising by 34.2% to 17.9 trillion soums.
The company's equity increased by 51.3%, reaching 4.3 trillion soums.
Retained earnings grew by 329.7% to 1.4 trillion soums, matching the reported growth rate and value of net profit.
Meanwhile, Uzbektelecom's long-term bank loans increased from 7.2 trillion soums to 8.5 trillion soums over the nine-month period.
The figures published on openinfo.uz indicate substantial growth in Uzbektelecom's profitability and financial position during January–September 2026, alongside an increase in long-term borrowing.
