Why is this important
The company demonstrates a significant decrease in losses and improvement in financial stability: revenue has decreased, but the debt burden has significantly reduced — long-term loans have been zeroed, and short-term loans have been reduced by almost half. This opens the way for stabilization and possible recovery.
What happened
- Loss: −5.3 billion soums in the first half of 2025 (compared to −62.7 billion in the first quarter of 2025 and −26.3 billion in the first half of 2024).
Revenue fell from 63.7 billion to 50.8 billion soums.
The gross profit decreased from 4.8 billion to 4.3 billion soums. - Long-term bank loans have recovered (37.5 billion soums), while short-term loans have decreased from 107.0 billion to 54.1 billion soums.
- The sale of shares of JSC “Kvarts” (89.78%) was completed: the purchase and sale agreement was terminated by mutual consent of the parties after non-fulfillment of payment terms.
Context
In the first quarter, Quvasoysement’s losses reached 62.7 billion soums, with a significant improvement of 5.3 billion. Discontinuing the “Kvarts” deal could potentially remove a significant burden on the company’s funds and restore focus on core operations.
