The earnings call presented a mixed picture with strong operational performance, disciplined sales strategy, and robust dividend payments as major positives. However, revenue and net profit declines, coupled with increased production costs and sulfuric acid price challenges, balanced the overall sentiment.

Company Guidance

In the recent conference call regarding Kazatomprom's 2025 half-year operating and financial results, several key metrics and strategic insights were discussed. The company's consolidated revenue for the first half of 2025 was KZT 660 billion, representing a 6% decline from KZT 701 billion in the first half of 2024, primarily due to decreased sales volume. However, operating profit increased by 12% to KZT 254 billion, driven by a reduced cost of sales from a lower share of purchased uranium. The net profit was KZT 263 billion, reflecting a decrease adjusted by one-time effects, including a foreign exchange loss of KZT 12.7 billion. Kazatomprom maintained its guidance for 2025, with a slight adjustment reducing cap sales volume by 500 tonnes. The uranium spot price fluctuated between $63 and $78 per pound, stabilizing at $70, while the long-term price remained at $80, underscoring strong market fundamentals. The company also highlighted the cumulative uranium supply deficit projected to reach 570 million pounds by 2040, emphasizing ongoing exploration efforts in Kazakhstan to address future supply challenges. Additionally, the call touched on geopolitical factors, cost increases due to transportation and sulfuric acid prices, and the strategic importance of nuclear energy in global energy policy.

Strong Operating Profit Increase

Operating profit for the first half of 2025 reached KZT 254 billion, a 12% increase compared to KZT 227 billion in the same period of 2024, driven by a decrease in the cost of sales.

Robust Inventory and Sales Strategy

Kazatomprom maintains a robust inventory position and a disciplined sales strategy, ensuring all delivery obligations are met while retaining flexibility to respond to market developments.

Dividend Payment Completion

In July, Kazatomprom completed the payment of dividends for the year 2024, totaling KZT 328 billion or approximately $2.3 billion per share, GDR, marking the highest dividend yield in the industry.

Kazakhstan's Nuclear Expansion

Kazakhstan's intention to build three nuclear power plants is underway, potentially creating substantial domestic demand for uranium, with each plant requiring around 400 tonnes annually.

National Atomic Company Kazatomprom JSC GDR RegS (GB:KAP) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

GB:KAP Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Nov 28, 2025	2025 (Q3)	- / -	0.995	―	―	―
Aug 22, 2025	2025 (Q2)	- / -	1.258	―
May 29, 2025	2025 (Q1)	- / 0.19	0.402	-51.74% (-0.21)	―	―
Mar 19, 2025	2024 (Q4)	- / 2.06	1.539	33.79% (+0.52)	―	―
Nov 29, 2024	2024 (Q3)	- / 0.99	0.448	122.10% (+0.55)	―	―
Aug 23, 2024	2024 (Q2)	- / 1.26	0.66	90.61% (+0.60)	―
May 28, 2024	2024 (Q1)	- / 0.40	0.876	-54.11% (-0.47)	―	―
Mar 15, 2024	2023 (Q4)	- / 1.54	0.851	80.85% (+0.69)	―
Nov 24, 2023	2023 (Q3)	- / 0.45	1.003	-55.33% (-0.55)	―	―
Aug 25, 2023	2023 (Q2)	- / 0.66	0.73	-9.59% (-0.07)	―

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

GB:KAP Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Aug 22, 2025	$42.50	$44.20	+4.00%
May 29, 2025	$35.41	$35.55	+0.40%
Mar 19, 2025	$35.45	$35.31	-0.40%
Nov 29, 2024	$37.53	$38.19	+1.76%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

FAQ

When does National Atomic Company Kazatomprom JSC GDR RegS (GB:KAP) report earnings?

National Atomic Company Kazatomprom JSC GDR RegS (GB:KAP) is schdueled to report earning on Nov 28, 2025, TBA (Confirmed).

What is National Atomic Company Kazatomprom JSC GDR RegS (GB:KAP) earnings time?

National Atomic Company Kazatomprom JSC GDR RegS (GB:KAP) earnings time is at Nov 28, 2025, TBA (Confirmed).

Where can I see when companies are reporting earnings?

You can see which companies are reporting today on our designated earnings calendar.

What companies are reporting earnings today?

You can see a list of the companies which are reporting today on TipRanks earnings calendar.

What is the P/E ratio of National Atomic Company Kazatomprom JSC GDR RegS stock?

The P/E ratio of National Atomic Company Kazatomprom JSC GDR RegS is N/A.

What is GB:KAP EPS forecast?

Currently, no data Available

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