Uzbekistan’s major state-owned uranium mining enterprise, Navoiyuran, has announced unaudited preliminary financial results for 2025. The report highlights significant growth in revenue and production volumes, reflecting its strategic positioning amid evolving global nuclear fuel market dynamics.

According to the data, annual revenue reached $1.112 billion, a 20.2% increase compared to 2024. Adjusted EBITDA stood at $624 million, with net profit at $472 million, up 12.4% from the previous year. Free cash flow surged by 59.7% to $460 million, indicating improved financial health after accounting for all expenses and investments.

Operational metrics also showed robust growth: uranium production volume rose by 35% to 7,000 tons, up from 5,200 tons in 2024. The average realized price for uranium concentrate was $69.5 per pound. Uranium reserves under JORC standards increased by 52% to 96.6 thousand tons, while mineral resources grew by 3% to 53.9 thousand tons.

CEO Jamal Fayzullayev stated that amid rising global demand, the company is strengthening its position in the nuclear fuel supply chain and enhancing international cooperation. Capital expenditures for 2025 totaled $551 million, primarily directed towards mine development, fixed asset acquisitions, and geological exploration activities.

Navoiyuran ranks as one of the world’s largest uranium producers, holding the sixth position by extraction volume and managing 43 mines. The company anticipates maintaining stable production and revenue metrics going forward, with plans to expand its resource base and advance key projects. A full financial report and auditor’s conclusions are scheduled for release in May 2025.

Source: www.gazeta.uz