The state enterprise Navoiyuran reported significant growth in financial indicators for the first half of 2026. The company's revenue increased by 109.2% compared to the same period last year, reaching 795 million US dollars. Profit after tax grew by 132%, amounting to 348 million US dollars.
According to the company's report, this growth is due to an increase in the volume of natural uranium sales and a rise in the average selling price. The average price increased by 25%, rising from $68.71 to $86.06 per pound of U3O8. In the first half of 2025, revenue was $380 million, and net profit was $150 million.
Gross profit for January-June increased by 93.2%, reaching $423 million compared to $219 million. Operating profit rose by 118.3%, increasing from $186 million to $406 million. The EBITDA indicator grew by 113.8%, amounting to $477.2 million versus $223.2 million in the first half of 2025. Meanwhile, the EBITDA margin increased by 2.7 percentage points, reaching 59.2% from the previous 56.5%.
Net cash flow from operating activities increased by 49.6%, rising from $191 million to $285 million. Total capital costs (TCC) amounted to $14.70 per pound of U3O8, and all-in sustaining costs (AISC) were $31.97. During the reporting period, capital expenditures reached $267.4 million, of which $141.2 million was directed to mine development, $91.6 million to fixed asset acquisition, and $34.6 million to geological exploration and deposit assessment.
In April 2026, Navoiyuran began commercial uranium production at the Kyzylkok deposit in Navoi region. This is the company's third-largest deposit, designed to extract 1200 tons annually with an estimated operational life of 15 years. Uranium extraction is carried out by in-situ leaching using oxygen. The company expects the share of Kyzylkok in the total production volume to grow as work progresses.
Navoiyuran CEO Jamal Faizullaev stated that the company is also developing the Arnasoy and Yongeldi deposits. He noted that the company will continue to expand its mineral resource base, invest in modern mining technologies, and implement new production projects, which aligns with the goals of the President, the Uzbekistan-2030 Strategy, and the state program to increase uranium production and processing by 2030.
The company plans to continue geological exploration and development of deposits, including promising areas, expand the application of in-situ leaching technologies, and strengthen cooperation with international industry partners. Currently, Navoiyuran ranks sixth globally in uranium production. The company operates 43 uranium deposits and possesses a mineral resource base of 151,100 tons of uranium, including about 96,600 tons of reserves according to JORC standards.



