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UZEX — Uzbek Commodity Exchange (JSC) UZS

Update

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).

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
11.8%
Δ EBITDA y/y
18.3%

Multiples

P/E (LTM)
5.6x
P/B (FY)
5.0x
P/E (ann.)
6.4x
EV/EBITDA (LTM)

Cash return

Dividend yield
15.8%
FCF yield (LTM)
0.0%

Value creation

fundamental value/yr, % of market cap
Value created / year

Liquidity

Daily turnover

Shares: connector/market_inputs

🔍 Sanity check — subtotal consistency (Level-1 + Level-2) OK: 11 / Warn: 0 / Err: 0 / Autofix applied: 0
Port of PHP subtotal-total + sign-flip detection logic
PeriodIssues
2023-12-31 FYOK
2024-06-30 Q2OK
2024-09-30 Q3OK
2024-12-31 FYOK
2024-12-31 Q4OK
2025-03-31 Q1OK
2025-06-30 Q2OK
2025-09-30 Q3OK
2025-12-31 FYOK
2025-12-31 Q4OK
2026-03-31 Q1OK
All checks pass · Has warnings (review) · Has errors (needs fix) · ✓* Autofix applied (see evidence)

Financial dynamics

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
2026-03-31Q1 2026 (3M)OK140.4
y/y 11.8%
91.0
y/y 18.7%
1.1
y/y -5.8%
92.2
y/y 18.3%
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)OK344.2
y/y 5.8%
187.4
y/y 0.9%
3.4
y/y 33.3%
190.8
y/y 1.3%
276.1
y/y 11.8%
5672.8
y/y 36.9%
620.0
y/y 42.6%
59.7%Link
2025-09-30Q3 2025 (3M)OK100.2
y/y -1.9%
33.8
y/y -26.3%
0.6
y/y -32.2%
34.4
y/y -26.4%
67.3
y/y -7.4%
4967.3
y/y 15.9%
530.7
y/y 50.2%
18.1%Link
2025-06-30Q2 2025 (3M)OK112.1
y/y 9.7%
58.3
y/y 12.7%
1.1
y/y -64.0%
59.4
y/y 8.5%
85.5
y/y 19.1%
5071.5
y/y 9.7%
463.4
y/y 64.8%
81.0%Link
2025-03-31Q1 2025 (3M)OK125.6
y/y
76.7
y/y
1.2
y/y
77.9
y/y
101.3
y/y
5462.1
y/y
380.2
y/y
99.5%Link
2024-12-31Q4 2024 (3M)OK325.5
y/y
185.8
y/y
2.6
y/y
188.4
y/y
246.9
y/y
4143.5
y/y -0.1%
434.8
y/y 31.4%
81.1%Link
2024-09-30Q3 2024 (3M)OK102.2
y/y
45.9
y/y
-2.1
y/y
46.8
y/y
72.7
y/y
4287.2
y/y
353.2
y/y
30.6%Link
2024-06-30Q2 2024 (3M)OK102.2
y/y
51.8
y/y
3.0
y/y
54.8
y/y
71.8
y/y
4621.1
y/y
281.2
y/y
93.8%Link
2023-12-31FY 2023 (12M)OK376.9
y/y
222.1
y/y
2.5
y/y
224.6
y/y
229.2
y/y
4147.0
y/y
331.0
y/y
Link
Data quality — review suggested

Revenue & EBITDA

RevenueEBITDA

Quarterly values ($ mln)

0100 000200 000300 000400 0002023 FY2024 q22024 q32024 q42025 q12025 q22025 q32025 q42026 q1

Year-over-year change

-40%-20%0%20%2023 FY2024 q22024 q32024 q42025 q12025 q22025 q32025 q42026 q1

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).

Fundamental value creation

Value the company creates per year, as a % of market cap

Value created per year: +14.9%

How this was calculated
1. EBITDA growth (latest quarter YoY, annualised)
[EBITDA latest qtr − EBITDA year-ago qtr] × annualisation X (2026-03-31 vs 2025-03-31)
= (92 190 − 77 910) × 2.60
37 099
2. Current EV/EBITDA (LTM)
(Market cap + Net debt) ÷ EBITDA (LTM)
= (3 110 774 + 0 (n/a)) ÷ 239 510
13.0x
3. Target multiple
(Current EV/EBITDA + 12) ÷ 2
= (13.0 + 12) ÷ 2
12.5x
4. Cash flow (balance method, LTM)
Net-debt reduction + dividends + buybacks − equity issuance
= —
0
5. Value created per year
(EBITDA growth × Target multiple + Cash flow − Dilution) ÷ Market cap
= (37 099 × 12.5 + 0) ÷ 3 110 774
+14.9%

Amounts in millions of the reporting currency. EBITDA growth is the latest quarter vs the same quarter a year ago, annualised.

Caveats:

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)