Translated with AI from the Russian original.

Net profit of Uzbekistan’s JSC Paynet for January–September 2026 amounted to 780.2 billion soums, an increase of 136.1% compared to the same period last year. The company’s net revenue for the nine months grew by 44.8% and reached 1.7 trillion soums. Thus, the profit growth rate was significantly higher than the revenue dynamics.

In the third quarter, Paynet earned 164.7 billion soums in net profit—27.9% more than in July–September 2025. At the same time, the quarterly figure reflects a more moderate growth compared to the result for the nine months as a whole. The data points to a notable increase in the company’s financial result, though the published financial statements do not disclose the reasons for such a substantial year-on-year profit surge.

Paynet’s assets increased by 43.4% over the year to 2 trillion soums, while equity rose by 18.5% to reach 1.4 trillion soums. At the same time, retained earnings declined by 11.1%, amounting to 556.3 billion soums. These indicators reflect shifts in the structure of the company’s financial resources against the backdrop of revenue and net profit growth.

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