UzAuto Motors Net Profit Falls 16% in Q1 2026

Tashkent, Uzbekistan (UzDaily.com) — UzAuto Motors JSC reported a decline in net profit in the first quarter of 2026 despite growth in revenue and expansion of its asset base.

According to company data, net profit for January–March amounted to 648.3 billion soums, down 16.0% compared to the same period in 2025, when the figure stood at 771.9 billion soums.

At the same time, the company’s revenue continued to grow, increasing from 9.7 trillion to 10.9 trillion soums. Gross profit also showed strong improvement, rising from 1.0 trillion to 1.9 trillion soums. However, higher sales-related costs put pressure on overall efficiency: expenses in this segment rose from 349.6 billion to 1.0 trillion soums, limiting operating profit growth. As a result, operating profit increased by only 1.5% to 749.8 billion soums.

Despite the decline in net profit, the company reported stronger balance sheet indicators. Total assets increased by 5.9% year-on-year, reaching 34.0 trillion soums. Equity grew more significantly, rising by 35.8% to 16.2 trillion soums.

Retained earnings increased by 17.4% to 11.1 trillion soums.

Overall financial results also reflect expansion of the company’s operating base, with net revenue up 12.2% to 10.9 trillion soums and operating profit showing modest growth of 1.5% year-on-year.