Kazatomprom, the worlds largest uranium producer, announced its 2025 full-year financial results, highlighting a year of significant achievements. The company reinforced its global leadership in uranium supply, reaching a historic milestone of 1 billion pounds of uranium mined in Kazakhstan. Despite a 1% decrease in consolidated revenue to KZT 1,803 billion, Kazatomprom maintained strong financial performance with an operating profit of KZT 779 billion and a net profit of KZT 807 billion. The company expanded its customer base, adding Switzerland and the Czech Republic, and secured long-term partnerships with Japan and India. Kazatomprom also reported progress in its "Value over Volume" strategy, focusing on resource preservation and diversification. The companys 2026 guidance anticipates increased production and sales volumes, driven by the ramp-up of JV Budenovskoye and other mines, with revenue expected to grow to KZT 2,200-2,300 billion. Despite challenges like rising costs and geopolitical uncertainties, Kazatomprom remains committed to long-term value creation and maintaining its industry-leading position.
| Metric | 2025 (KZT billion) | 2024 (KZT billion) | Change |
|---|---|---|---|
| Group's consolidated revenue | 1,803 | 1,813 | (1%) |
| Operating profit | 779 | 807 | (3%) |
| Net profit | 807 | 1,132 | (29%) |
| Adjusted net profit (net of one-time effects) | 807 | 836 | (4%) |
| Adjusted EBITDA | 1,133 | 1,097 | 3% |
| Cash flow from operating activities | 810 | 516 | 57% |
| Total debt (excluding guarantees) | 207.653 | 149.953 | 38% |
| Total cash balances | (347.426) | (294.413) | 18% |
| Net debt | (139.773) | (144.460) | (3%) |