The Uzbekistan Agency for State Assets Management has denied rumors on social media that the joint-stock company Uzbekiston Pochtasi was privatized and received a loan of 100 billion soums.
According to the agency's statement, the stake in the company, previously held by state organizations, enterprises, and commercial banks, which constituted a 92.9% state share, has been fully transferred to the Agency for State Assets Management.
The agency reported that major companies, including WILDBERRIES and UZUM MARKET, showed interest in acquiring this stake. However, no documents regarding the privatization of the state share in Uzbekiston Pochtasi have been finalized as of yet.
The company's complex financial situation and ongoing transformation process were also noted. Over the past three years, the average net profit of Uzbekiston Pochtasi was about 800 million soums, with a profitability rate of 0.2%. In the first half of 2026, the company's revenue reached 313.6 billion soums, which is 17% less compared to the same period last year.
Additional financial pressure arose after the cessation of postal delivery of traffic violation notifications on May 16. A loss of 1.7 billion soums is expected within the first nine months due to the discontinuation of this service. Meanwhile, the company's bank debt amounts to 45.3 billion soums.
The agency linked the need for company modernization to the rapid development of the e-commerce market. Preliminary estimates indicate that implementing projects for updating and digitizing the postal infrastructure will require over 300 billion soums.
These funds are planned to be used, in particular, for purchasing cargo and electric vehicles, modernizing the sorting center and IT infrastructure, installing additional parcel lockers, and repairing communication facilities.
Collaboration with WB INT EXPORT LLC, which the agency called one of the country's largest marketplace segment companies, was envisioned to implement modern management models and attract investment. During negotiations, the company expressed readiness to provide Uzbekiston Pochtasi with a loan of 100 billion soums at the Central Bank's refinancing rate.
Since this deal is considered a major transaction under the law, the issue of the loan was included in the agenda of an extraordinary general meeting of shareholders. However, no decision was made at the meeting on September 21, 2026. The agency explained this by the lack of final agreements regarding the interest rate, loan amount, and repayment schedule. Therefore, it emphasized that reports about Uzbekiston Pochtasi receiving a loan of 100 billion soums are untrue.
The issue of attracting financing may be presented for consideration again after the terms of the loan are finally agreed upon. The agency separately clarified the presence of representatives of WB INT EXPORT LLC on the Supervisory Board of Uzbekiston Pochtasi JSC. According to the agency, their participation is aimed at implementing modern corporate governance principles and monitoring the targeted use of planned investment funds.
