Net profit of the National Investment Fund of Uzbekistan increased 14.8 times to 1.9 trillion UZS

According to the financial report published on the portal openinfo.uz, Uzbektelecom demonstrated significant growth in net profit for the first nine months of 2026. Profit reached 1.4 trillion UZS, which is an increase of 4.3 times compared to last year's figures.

In the third quarter of 2026, covering the period from July to September, the company's net profit amounted to 484.0 billion UZS, exceeding the same figure in 2025 by 55.5%.

Furthermore, during the reporting period, Uzbektelecom reported growth in gross profit, operating profit, and revenue. Gross profit for the first nine months increased from 2.7 trillion UZS to 3.5 trillion UZS.

Profit from core activities grew by 48.4%, rising from 1.2 trillion UZS to 1.8 trillion UZS. The company's net revenue increased by 12.7% year-on-year, reaching 8.7 trillion UZS.

Uzbektelecom's balance sheet also expanded during this period: total assets increased by 34.2%, amounting to 17.9 trillion UZS. The company's equity grew by 51.3%, reaching 4.3 trillion UZS. Retained earnings increased by 329.7% to 1.4 trillion UZS, corresponding to the growth rate and level of net profit.

Meanwhile, Uzbektelecom's long-term bank loans increased from 7.2 trillion UZS to 8.5 trillion UZS over the nine-month period. The data posted on openinfo.uz indicates a substantial growth in Uzbektelecom's profitability and financial position from January to September 2026, alongside an increase in long-term borrowing.

The unified republican processing center that manages the UzCard payment system reported a net profit of 1.6 trillion UZS for the first nine months of 2026.

According to the company's unaudited financial statements, prepared in accordance with International Financial Reporting Standards (IFRS), this figure exceeded the same period in 2025 by 73%.

The company's revenue increased by 36.5% compared to last year, reaching 2.1 trillion UZS. Operating profit also rose by 41.5%, amounting to 1.4 trillion UZS.

UzCard's assets increased by 37%, reaching 1.4 trillion UZS, and the company's capital grew by 42.2%, totaling 1.1 trillion UZS.

One of the key factors in the profit growth was the cancellation of expected credit losses amounting to 258.8 billion UZS. During the first nine months of 2025, the company recorded a loss in this item of 100.1 billion UZS.

The Tashkent Commodity Exchange of Uzbekistan (UZEX) announced a net profit of 341.7 billion soms for the first nine months of 2026. This figure demonstrates a growth of 34.4% compared to the same period in 2025.

In the third quarter, the exchange's profit increased by 78.6%, reaching 120.3 billion soms.

Furthermore, UZEX's net income for the period from January to September grew by 24% year-on-year, increasing from 338 billion to 418.8 billion soms. The percentage income also increased, rising from 136.1 billion to 161.3 billion soms.

The exchange's assets showed significant growth, increasing by 134.2% over the year to reach 11.6 trillion soms. Equity capital grew by 23.5% to 655.2 billion soms, and retained earnings reached 361.4 billion soms, which is 42% more than the previous year.