Uzmetkombinat posts sharp profit increase in Q1 2026

Tashkent, Uzbekistan (UzDaily.com) — JSC Uzmetkombinat significantly improved its financial results in the first quarter of 2026, posting a net profit of 116.5 billion soums compared to 10.1 billion soums in the same period last year, according to corporate reporting.

At the same time, the company’s revenue declined by 4.8% to about 1.4 trillion soums. Despite this, gross profit increased by 9% to 270.8 billion soums, reflecting improved efficiency in core operations.

A major impact on the final financial result came from foreign exchange differences. Income from this item rose to 251.5 billion soums, while related losses also increased to 203.4 billion soums.

The financial statements also show changes in the company’s debt structure. Long-term loans increased from 3.3 trillion to 5.7 trillion soums, while short-term borrowings fell from 2.5 trillion to 1 trillion soums.

As of the reporting period, the company’s assets grew by 7.8% to 13.9 trillion soums, equity increased by 4.1% to 6.2 trillion soums, and retained earnings rose by 28.2%.

It is also noted that the company’s valuation ratio declined, with the P/E ratio falling from 14.2 to 8.7, reflecting a change in market valuation amid a 17% increase in trailing twelve-month profit, which reached 390.5 billion soums.