The state enterprise Navoiuran, which ranks sixth in the world in terms of uranium production, reported record financial results for 2025. The company's revenue reached $1.112 billion, which is 20.2% higher than the previous year's figure and became the maximum value in the history of the enterprise.
Despite the increase in revenue, profits increased minimally: adjusted EBITDA amounted to $624 million against $609 million a year earlier, and net profit — $472 million against $471 million. This gap is explained by large-scale investments: capital expenditures in 2025 reached $551 million, including the development of deposits, the purchase of equipment and geological exploration.
Uranium production increased by 35% to 7,000 tons, largely due to underground leaching technology and the launch of new mining sites. With an average price of $69.5 per pound of U₃O₈ and low cost, the company maintains high profitability. Free cash flow increased to $460 million, and the debt burden remains minimal — only $72 million, which emphasizes the stability of the financial model.