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UZEX — Uzbek Commodity Exchange (JSC) UZS

O'zbekiston Respublika tovar-xomashyo birjasi (UZEX) is Uzbekistan's dominant commodity exchange — electronic auctions for commodities, agricultural products, raw materials and state procurement. Earns trading commissions plus interest income on member settlement balances. Listed on UZSE (ticker URTS).

At a glance: strengths & risks
✓Revenue growing (+11% y/y, H1 2026)✓Profit growing (+19% y/y, H1 2026)

Sector: Non-financial

UZ_UZEX

No intraday sparkline from the default exchange feed; Yahoo or day change may still appear below when available.

Price chart

8 300 UZSDay —
8 3008 3008 3008 3008 300No historical series from data sources; line shows the last price.min 8 300 · max 8 300

Key metrics

Net debt (table and EV/EBITDA): |short-term borrowings| + |long-term borrowings| + |other financial liabilities| when extracted + |non-controlling interest| when extracted − |cash and equivalents|; amounts in millions of the reporting currency.

Market

Price
8 300 UZS
Market cap
3110.8 bn UZS

Growth

Δ revenue y/y
11.4%
Δ EBITDA y/y
—

Multiples

P/E (LTM)
9.1x
P/B (FY)
5.0x
P/E (ann.)
7.0x
EV/EBITDA (LTM)
—

Cash return

Dividend yield
15.8%
FCF yield (LTM)
—

Liquidity

Daily turnover
—

Shares: connector/market_inputs

Financial results

Monetary columns are in B UZS, one decimal; scale (K/M/B/T) keeps values readable. For the period (default) shows P&L and cash flow for that row’s reporting window: quarterly amounts when the feed uses quarter-duration facts (typical US 10-Q revenue and income), quarterly cash flows after stripping YTD where only cumulative tags exist, and an implied Q4 on 31 Dec FY rows (P&L: FY minus Q1–Q3; operating / investing cash flow: FY 12m minus 9M YTD to 30 Sep when sourced from SEC builder evidence) so they match 10-Q scale. Some issuers still use cumulative YTD minus the prior row in the same calendar year. As reported shows values stored on each row (e.g. full-year on FY). Balance sheet is always as reported. Source JSON may use millions etc.; conversion uses amounts_unit per row.

DatePeriodStatusRevenueB UZSOperating profitB UZSD&AB UZSEBITDAB UZSNet profitB UZSOperating CFB UZSCapex + M&AB UZSAssetsB UZSEquityB UZSROE (annualized)Net debtB UZSSource
2026-06-30Q2 2026 (3M)OK124.4
y/y 11.4%
66.7
y/y 16.8%
—
y/y —
—
y/y —
99.4
y/y 18.6%
——7382.9
y/y 45.6%
535.3
y/y 15.5%
91.2%—Link
2026-03-31Q1 2026 (3M)OK140.4
y/y 11.8%
91.1
y/y 18.7%
—
y/y —
—
y/y —
122.1
y/y 20.5%
——6152.9
y/y 12.6%
435.9
y/y 14.7%
92.5%—Link
2025-12-31Q4 2025 (3M)OK106.6
y/y -8.5%
52.4
y/y -21.1%
—
y/y —
—
y/y —
89.3
y/y -3.3%
——5672.7
y/y 36.9%
620.0
y/y 42.6%
59.7%—Link
2025-09-30Q3 2025 (3M)OK100.2
y/y 8.6%
33.8
y/y 2.2%
—
y/y —
—
y/y —
67.3
y/y 11.8%
——4967.3
y/y 15.9%
530.7
y/y 50.2%
68.2%—Link
2025-06-30Q2 2025 (3M)OK112.1
y/y 13.7%
58.3
y/y 13.1%
—
y/y —
—
y/y —
85.4
y/y 20.9%
——5071.5
y/y 9.7%
463.4
y/y 64.8%
88.6%—Link
2025-03-31Q1 2025 (3M)OK125.6
y/y 17.5%
76.7
y/y 13.4%
—
y/y —
—
y/y —
101.3
y/y 22.5%
——5462.1
y/y 15.8%
380.2
y/y 81.5%
99.5%—Link
2024-12-31Q4 2024 (3M)OK116.5
y/y 18.5%
66.4
y/y 16.1%
—
y/y —
—
y/y —
92.4
y/y 32.9%
——4143.5
y/y -0.1%
434.8
y/y 31.4%
81.1%—Link
2024-09-30Q3 2024 (3M)OK102.2
y/y 11.7%
45.9
y/y 0.2%
—
y/y —
—
y/y —
72.7
y/y 42.3%
——4287.2
y/y 2.6%
353.2
y/y 35.1%
95.5%—Link
2024-06-30Q2 2024 (3M)OK102.2
y/y 14.5%
51.8
y/y 13.5%
—
y/y —
—
y/y —
71.8
y/y 54.0%
——4621.1
y/y 9.6%
281.2
y/y 39.1%
125.9%—Link
2024-03-31Q1 2024 (3M)OK106.8
y/y 12.8%
67.6
y/y 13.4%
—
y/y —
—
y/y —
82.8
y/y 44.1%
——4717.9
y/y 8.3%
209.5
y/y 31.5%
122.5%—Link
2023-12-31Q4 2023 (3M)OK98.3
y/y —
57.2
y/y —
—
y/y —
—
y/y —
69.6
y/y —
——4147.0
y/y —
331.0
y/y —
77.4%—Link
2023-09-30Q3 2023 (3M)OK96.1
y/y —
59.7
y/y —
—
y/y —
—
y/y —
59.3
y/y —
——4177.8
y/y —
261.5
y/y —
91.8%—Link
2023-06-30Q2 2023 (3M)OK87.8
y/y —
45.6
y/y —
—
y/y —
—
y/y —
42.9
y/y —
——4215.8
y/y —
202.2
y/y —
111.0%—Link
2023-03-31Q1 2023 (3M)OK94.7
y/y —
59.6
y/y —
—
y/y —
—
y/y —
57.4
y/y —
——4355.4
y/y —
159.4
y/y —
——Link

Revenue & EBITDA

RevenueEBITDA

Quarterly values ($ mln)

050 000100 000150 0002024 q12024 q22024 q32024 q42025 q12025 q22025 q32025 q42026 q12026 q2

Year-over-year change

-10%0%10%20%2024 q12024 q22024 q32024 q42025 q12025 q22025 q32025 q42026 q12026 q2

Research & reviews

Our earnings breakdowns and investment notes on this issuer.

All research →

Revenue growth & acceleration

Growth decelerating ▼
Last-year revenue growth +4% vs +13% the year before — a -9.5 pp move. 3-year CAGR +4%.
revenue growth by year: 2023 -4% · 2024 +13% · 2025 +4%
The growth-acceleration signal behind the GARP+acceleration strategy — it favours companies whose revenue growth is speeding up and flags those slowing down (the second derivative of growth).

Dividends

Paid (completed)

DatePer shareDetailsStatusSource
2024-03-202 600 UZSOrdinary: 2 600 UZSPaidstockscope.uz
2023-03-252 300 UZSOrdinary: 2 300 UZSPaidstockscope.uz
2022-03-281 650 UZSOrdinary: 1 650 UZSPaidstockscope.uz
2021-03-251 100 UZSOrdinary: 1 100 UZSPaidstockscope.uz
2020-05-282 490 UZSOrdinary: 2 490 UZSPaidstockscope.uz
2019-06-04550 UZSOrdinary: 550 UZSPaidstockscope.uz
2018-06-01230 UZSOrdinary: 230 UZSPaidstockscope.uz
2017-06-02200 UZSOrdinary: 200 UZSPaidstockscope.uz
2016-06-08160 UZSOrdinary: 160 UZSPaidstockscope.uz

KASE: status follows wording in the news headline (paid vs intends to pay). Yahoo: amounts are cash dividends per share on ex-dividend dates (UTC calendar date). stockscope.uz (UZ): amounts are per share in UZS by publication date (not necessarily ex-div).

Investor reporting (IR): https://www.uzex.uz/

Reporting forms detected in loaded periods: ✓ ✓ — (Balance sheet / Profit or loss (P&L) / Cash flows)

Financial results, valuation multiples (P/E, P/B, EV/EBITDA), profitability and dividend yield of UZEX — Uzbek Commodity Exchange (JSC) — from primary filings.

Frequently asked questions

What is UZEX — Uzbek Commodity Exchange (JSC)'s P/E ratio?
UZEX — Uzbek Commodity Exchange (JSC) trades at a P/E of 9.1x (price to trailing 12-month earnings).
What is UZEX — Uzbek Commodity Exchange (JSC)'s P/B ratio?
UZEX — Uzbek Commodity Exchange (JSC) trades at a P/B of 5.0x.
What is UZEX — Uzbek Commodity Exchange (JSC)'s dividend yield?
UZEX — Uzbek Commodity Exchange (JSC)'s trailing 12-month dividend yield is 15.8%.
What is UZEX — Uzbek Commodity Exchange (JSC)'s return on equity (ROE)?
UZEX — Uzbek Commodity Exchange (JSC)'s ROE is 91.2%.
What is UZEX — Uzbek Commodity Exchange (JSC)'s market capitalization?
UZEX — Uzbek Commodity Exchange (JSC)'s market cap is 3110.8 bn UZS.

See also: The Cheapest Stocks in the World (2026): What Value Investing Says About Buying Cheap · global valuation map