UzNIF posts 1.4 trillion soums profit in 2025 results

Tashkent, Uzbekistan (UzDaily.com) — The National Investment Fund of Uzbekistan (UzNIF) completed its first full financial year with a net profit of 1.4 trillion soums, according to financial statements prepared in line with International Financial Reporting Standards (IFRS).

As of the end of 2025, the fund’s total assets reached 30.3 trillion soums, while equity stood at 29.9 trillion soums, indicating minimal leverage and a capital structure primarily financed through own funds.

Operating profit for the reporting period amounted to 1.8 trillion soums. The main contribution to the financial result came from investment activities, including 0.2 trillion soums in dividend income from portfolio companies.

A significant factor was also the unrealised gain from the revaluation of equity investments measured at fair value through profit or loss, which amounted to nearly 1.7 trillion soums.

At an extraordinary general meeting held on April 8, 2026, shareholders approved the distribution of profit for the period from December 24, 2024, to December 31, 2025. The state is the sole shareholder of the fund.

Under the decision, 70.2 billion soums, equivalent to 5% of net profit, were allocated to the mandatory reserve fund in accordance with legal requirements. No dividends were paid, while the remaining profit of around 1.3 trillion soums was retained as undistributed earnings for potential future allocation.

The fund was established in December 2024, making 2025 its first full operational year.