Uztelecom net profit drops by nearly a quarter due to foreign exchange losses

▤ Summary

Uztelecom reported a 23.9% drop in net profit for 2025 even though revenue climbed 19.5% and gross profit improved. Foreign exchange losses and a loss on disposal of an associated company weighed heavily on the bottom line. Debt stayed roughly flat, but borrowing costs rose as interest rates increased on both fixed- and floating-rate loans. Shareholders will review dividend distribution at the June 29 annual meeting, with payouts tied to local accounting results and UzNIF’s dividend policy.

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