Kyzylkumcement halves net loss in Q1 2026

Tashkent, Uzbekistan (UzDaily.com) — Kyzylkumcement reported a net loss of 32.8 billion soums in the first quarter of 2026, nearly halving from 64.2 billion soums in the same period a year earlier, according to the company’s financial statements.

Despite a sharp decline in revenue by almost half—from 275.9 billion soums to 136.5 billion soums—the company recorded an improvement in its financial performance trend. Gross profit fell only slightly to 34.9 billion soums from 39.9 billion soums a year earlier. Selling expenses also declined, from 42.3 billion soums to 18.8 billion soums.

The company’s financial structure changed in terms of debt load during the reporting period. Long-term bank loans stood at 581 billion soums at the end of the quarter, while short-term borrowings previously reached 647.6 billion soums. Short-term liabilities remained at 27.1 billion soums.

According to the report, the company’s assets decreased by 1.6% year-on-year to 3.9 trillion soums. Equity, however, increased by 0.8% to 3 trillion soums, while retained earnings rose by 1.9% to 1.8 trillion soums.

Net revenue declined by 50.5% year-on-year, while gross profit fell by 12.6%.

Despite pressure on revenues, the net loss improved by 49%, indicating a partial stabilization of the company’s financial results at the beginning of the year.