Kazatomprom’s Q1 2025 Financials Show Decline in Profit and Revenue

Kazakhstan’s national atomic company, Kazatomprom, has published its financial results for the first quarter of 2025, Orda.kz reports.

According to the report, Kazatomprom’s net profit for the first three months of 2025 amounted to 121 billion tenge. In comparison, the same period in 2024 saw a profit of 148.9 billion tenge, 18.7% higher.

The company’s revenue dropped by 19.2%, from 195.2 billion to 157.6 billion tenge. Over the same period, Kazatomprom’s share price declined by eight percent.

Key factors impacting the company’s financial indicators include:

• A 7% year-on-year decrease in uranium sales volume
  
• A 13% year-on-year drop in the average uranium sales price (down to $54.71 per kilogram)
  
• A roughly 4% fall in the dollar exchange rate over the quarter

Analysts noted a sharp decline in Kazakhstan’s uranium exports. In January–February, the value of sales abroad fell by 78%. Kazatomprom’s shares fell at the beginning of the year following the drop in uranium prices and amid volatility in global markets.

Original Author: Nikita Drobny