UzAuto Motors, a major Uzbek automaker, reported 1.867 trillion soums in net profit for the first nine months of 2026, down 46.9%, or 1.65 trillion soums, from 3.517 trillion soums a year earlier. According to financial statements published on 31 October on the corporate information portal, revenue fell from 34.71 trillion to 30.12 trillion soums (−13.2%), while operating profit dropped from 2.96 trillion to 1.30 trillion soums (−56.2%). The report also details changes in cost of sales, selling expenses, foreign-exchange gains and payables.
Key Takeaways: UzAuto Motors’ nine-month net profit stood at 1.867 trillion soums, down 46.9% year on year. Revenue declined 13.2%, gross profit fell 28.2% and operating profit dropped 56.2%, while selling expenses rose 14.3%. Inventories increased 50.2%, and short-term trade and other payables nearly doubled.
The figures point to pressure on cost control and working-capital management at one of Uzbekistan’s largest manufacturers. Cost of sales decreased 11.2% to 27.17 trillion soums, but at a slower pace than revenue, so gross profit per 100 soums of revenue fell from 11.8 soums to 9.8 soums. With revenue lower and some expenses higher, the company may need further optimization of production and sales processes.
The report shows selling expenses rose from 1.02 trillion to 1.17 trillion soums, while profit from positive foreign-exchange differences fell from 726.3 billion to 173.9 billion soums (−76%). Financial income increased from 879.3 billion to 1.2 trillion soums, while debt and finance-lease servicing costs rose from 481.2 billion to 525.1 billion soums. Inventories reached 17.57 trillion soums, while cash and equivalents fell from 1.33 trillion to 257.2 billion soums. The consolidated IFRS report for the first half, approved on 23 October and subject to a Deloitte review, also showed group revenue falling from $1.644 billion to $1.609 billion, net profit from $146.6 million to $108.8 million, and operating profit from $133.8 million to $87.3 million.
In the coming period, UzAuto Motors is likely to focus on reducing production costs, controlling selling expenses, improving inventory turnover and managing payables. Full-year 2026 results, along with domestic sales and export trends in the next quarters, will remain key signals for investors and analysts. The official financial statements and auditor’s review remain the primary basis for assessing the company’s performance.
Source: www.gazeta.uz