UzAuto Motors’ profit drops by over a quarter in first half of 2025

UzAuto Motors’ net profit fell by more than a quarter in the first half of 2025, according to the company’s financial report published on the Unified Corporate Information Portal.

Revenue for January–June decreased by 9.49% to UZS 21.2 trillion, while gross profit dropped by 22.8% to UZS 3.43 trillion. At the same time, retained earnings increased by over UZS 2 trillion, reaching more than UZS 11.2 trillion.

Net profit saw the sharpest decline, falling 27.5% from UZS 1.91 trillion to UZS 1.38 trillion.

The cost of goods sold decreased by 6.36% to UZS 17.7 trillion. Expenses remained nearly unchanged at UZS 2.33 trillion, down by 2.2% year-on-year. This included distribution costs of UZS 645 billion (–4.2%), administrative expenses of UZS 755.6 billion (–4.6%), and other operating expenses of UZS 935.4 billion (+1.1%).

Long-term bank loans were nearly halved, dropping from UZS 1.55 trillion to UZS 810.1 billion. However, short-term borrowings rose significantly: short-term loans reached UZS 1.14 trillion, and short-term bank loans stood at UZS 1.4 trillion.

In July, UzAuto Motors’ supervisory board recommended paying dividends of UZS 522 per share. At the end of the month, the general meeting of shareholders approved the distribution of more than UZS 141 billion for dividend payments. The funds are scheduled to be paid out between July 29 and September 27.

Investment platform Kap Depo noted that UZS 3 trillion of net profit remains undistributed.

In the first quarter, UzAuto Motors’ profit had already fallen by half to UZS 637.4 billion. Despite a 17% drop in revenue, the company’s expenses remained at last year’s levels due to increased administrative costs.

In June, UzAuto Motors announced the appointment of János Kovács as its new CEO. He replaced Odiljon Bastamkulov, who had served as acting CEO since January.