Finance

UzCard Net Profit Rises 73% to 1.6 Trillion Soums

UzCard Net Profit Rises 73% to 1.6 Trillion Soums
UzCard Net Profit Rises 73% to 1.6 Trillion Soums / Photo: UzDaily.

Tashkent, Uzbekistan (UzDaily.uz) — The Unified Republican Processing Centre, operator of the UzCard payment system, reported net profit of 1.6 trillion soums for the first nine months of 2026.

The figure was 73% higher than in the same period of 2025, according to the company’s unaudited financial statements prepared under International Financial Reporting Standards (IFRS).

Revenue increased by 36.5% year on year to 2.1 trillion soums, while operating profit rose by 41.5% to 1.4 trillion soums.

UzCard’s assets grew by 37% to 1.4 trillion soums. The company’s capital increased by 42.2% to 1.1 trillion soums.

One of the main factors behind the profit growth was the reversal of expected credit losses amounting to 258.8 billion soums. In the first nine months of 2025, the company recorded a loss of 100.1 billion soums under this item.

Anvar Umarov
Anvar Umarov

Anvar Umarov is the founder and editor-in-chief of UzDaily, a leading business and news publication covering Uzbekistan and Central Asia. With over 20 years of experience in journalism, he has also worked as a PR manager for both state and private organizations, bringing a broad perspective on media, communications, and public affairs to his editorial leadership.