"Navoiyuran" doubled net profit in 2024 to 5.3 trillion UZS

Last year, the company's revenue reached 11.6 trillion UZS, marking a 92.7% increase compared to 2023. Both gross profit from product sales and operating profit more than doubled, reaching 8.67 trillion UZS and 6.15 trillion UZS, respectively.

"Navoiyuran’s" retained earnings amounted to 6.16 trillion UZS, while its net profit surged from 2.64 trillion UZS to 5.31 trillion UZS — a twofold increase.

At the same time, total expenses rose 2.6 times, exceeding 2.53 trillion UZS. The biggest contributing factor to rising costs was a more than threefold increase in "other operating expenses", which surged from 0.65 trillion UZS to 2.14 trillion UZS.

In January, "Navoiyuran" reported a twofold increase in output in monetary terms, from 6.7 trillion UZS to 13.7 trillion UZS. Last year, the company ranked among Uzbekistan’s top three taxpayers, contributing 4.6 trillion UZS to the state budget.

In July 2022, "Navoiyuran" disclosed its revenue and profit figures for the first time. During the first quarter, the company sold uranium and other materials worth 767.4 billion UZS.

By the end of 2023, uranium concentrate production in Uzbekistan rose by 11%, reaching 6.7 trillion UZS ($600 million). In 2024, "Navoiyuran" planned to invest $145 million in eight projects, including $50 million in foreign investments.

"Navoiyuran" ranks sixth in the world for uranium production, accounting for 7% of global uranium output, exceeding 3,800 tons.