Agat Credit Profit Falls to 1.4 Billion Soums in Q1 2026

Tashkent, Uzbekistan (UzDaily.com) — Agat Credit, a microfinance organization in Uzbekistan, reported a decline in net profit for the first quarter of 2026 despite strong revenue growth and a significant expansion of its loan portfolio.

According to the company’s financial statements, net profit for January–March amounted to 1.4 billion soums, down from 1.8 billion soums in the same period last year.

At the same time, total revenues increased significantly by 66.4%, reaching 30.1 billion soums. However, higher expenses related to expected credit loss provisions put pressure on financial results. This indicator rose from 4.9 billion to 9.2 billion soums.

The company’s loan portfolio reached 190.8 billion soums as of April 1, 2026, increasing by 135.0% year-on-year. At the same time, a slight deterioration in portfolio quality was observed, with the share of non-performing loans (NPL) rising from 3.1% to 3.6%.

Total assets more than doubled, increasing by 112.7% to 280.7 billion soums compared to the previous year. However, capital declined by 5.1% to 75.1 billion soums.

Additional financial indicators point to rising risks amid rapid business expansion. Expected credit loss provisions increased by 88.7% to 9.2 billion soums. Over the last 12 months, the company’s profit totaled 1.7 billion soums.