Navoiuran surpasses $1 billion in production, doubling output in 2024

The company produced goods worth 13.7 trillion UZS ($1.06 billion at the official Central Bank exchange rate), reflecting a 28.1% growth rate compared to 2023. In UZS terms, production volumes surged 2.04 times from 6.7 trillion UZS in 2023.

Navoiuran also made substantial progress under its investment program, utilizing $125.9 million in 2024 — double the amount invested the previous year. The implementation of cost-optimization measures helped the company reduce production costs by 457.2 billion UZS.

In addition to its financial success, Navoiuran created 122 new jobs and achieved a 32.1% increase in localized production, with goods worth 58.7 billion UZS manufactured under its localization program.

The company has also emerged as one of Uzbekistan’s top three taxpayers, contributing 4.6 trillion UZS to the state budget in 2024. This marks a significant increase from the 2.6 trillion UZS paid in the first 11 months of 2023. Other top taxpayers include the Navoi Mining and Metallurgical Combine (35.4 trillion UZS) and the Almalyk Mining and Metallurgical Combine (10.8 trillion UZS), which together account for 23% of national tax revenues.

Navoiuran’s global presence is equally noteworthy, ranking as the world’s sixth-largest uranium producer. The company accounts for 7% of global uranium production, with an annual output exceeding 3,800 tons.

The company had previously disclosed revenue figures for the first time in July 2022, revealing sales of uranium and related materials worth 767.4 billion UZS in the first quarter of that year. In 2023, uranium concentrate production in Uzbekistan rose by 11% to reach 6.7 trillion UZS ($600 million).