Uzum expects a profit of 176 million dollars

The Uzbek digital platform Uzum achieved a net profit of $176 million in 2025. The company benefited from strong growth in the fintech and e-commerce business and further expanded its position as the country's leading digital platform.

Gross merchandise value (GMV) in e-commerce exceeded $500 million in 2025. This represented a 1.5-fold increase over the previous year.

The fintech business developed even more dynamically. The total volume of consumer loans, installment payments, and other financial products reached $1.2 billion. This was almost three times higher than in 2024.

CEO Djasur Djumaev explained that the results were the outcome of long-term investments in payment infrastructure, logistics, risk models, and digital banking. The goal was to create sustainable growth.

Fintech as the most important growth driver

The fintech sector remained the group's fastest-growing segment in 2025. Uzum issued more than four million payment cards. The company also introduced online deposits. Within three months, it collected over $50 million in customer funds.

The total payment volume in the ecosystem doubled year-on-year to $11.1 billion. This was driven by the increasing prevalence of cashless payments and the closer integration of commerce and financial services.

Uzum continued to invest in machine learning systems. These were used for credit checks, risk management, pricing, and personalized offers. According to the company, this enabled it to expand its lending business while maintaining stable portfolio quality.

Nationwide expansion of the marketplace

The e-commerce business also grew significantly. The number of active local merchants exceeded 17,000. After the introduction of cross-border offers, the product range comprised more than 100 million items.

At the same time, Uzum expanded its logistics network. By the end of 2025, it had around 1,500 pick-up points at more than 450 locations across the country. Own and partner-operated locations were combined.

New sales models and digital tools were designed to make it easier for small and medium-sized enterprises to access online commerce. At the same time, the company increased transparency in its marketplace business.

Banking business grew strongly

Kapitalbank, which belongs to the group, expanded its loan portfolio to US$3.1 billion. Deposits rose to US$3.7 billion.

Lending to small and medium-sized enterprises increased 1.7 times year-on-year. Digital onboarding processes and integrated payment solutions supported this development.

According to the company, more than 20 million people in Uzbekistan used Uzum's services every month in 2025.

This article was produced in cooperation with our partner bne intelliNews.