Kazatomprom Profit Surges on Soaring Uranium Prices

Dow Jones

Mar 19, 2025

By Helena Smolak

Uranium producer Kazatomprom's full-year profit and revenue surged last year on soaring prices.

Kazakhstan's state uranium company said Wednesday that its net profit surged to 1.13 trillion Kazakh tenge ($2.27 billion) in 2024 from 580 billion tenge the year before

As a result, revenue rose 26% to 1.81 trillion tenge, while operating profit increased 19% to 807 billion tenge.

The company issued a midterm strategy for 2025 through 2034 with the objective of focusing on uranium mining as its core business and expanding its rare and rare-earth metals segment.

Write to Helena Smolak at helena.smolak@wsj.com

(END) Dow Jones Newswires

March 19, 2025 04:07 ET (08:07 GMT)

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