Volume of Navoiyuran’s revenue and profit disclosed for first time 

The state enterprise Navoiyuran has disclosed the first financial and accounting statements, Spot reports citing the documents published on the UzSAMA website.

According to the data on financial results, in the first quarter, the state company received 767.4 billion soums of revenue from the sale of uranium and other products, while the production cost was 312.89 billion soums.

Almost another 402 million soums of income was brought by other types of core activities. Another 139.2 billion soums were spent on operating expenses of the enterprise, leaving it with a profit from its main activities of 315.7 billion soums.

At the same time, the company won 95.3 billion soums due to the difference in exchange rates, in particular, the strengthening of the soum in April-June. The loss from the devaluation in March amounted to 9.78 billion soums.

The net quarterly profit of Navoiyuran is estimated at 340.5 billion soums. The company paid 60.75 billion soums in taxes.

In the first 3 months of the year, the assets of the enterprise reached 3.416 trillion soums, showing an increase of 13.9%. Accounts receivable increased by 20.5 billion soums or 13.4%, primarily due to buyers’ debts. At the same time, the volume of cash assets almost halved.

The obligations of the state company increased by 48% – up to 219.76 billion soums. Their main part is accounts payable to suppliers, contractors, as well as to the budget.

The President ordered the declassification of Navoiyuran’s records – as well as data on the extraction, processing and export of uranium – in a decree dated July 14. By the end of 2024, the state-owned enterprise must receive an international credit rating.

Navoiyuran was spun off into a separate enterprise on January 1, 2022, as part of the transformation of the Navoi Mining and Metallurgical Combine. Its main occupations are development of uranium deposits, extraction of uranium and rare earth metals, and waste disposal.