UzAuto Motors' net profit for the first nine months of 2026 nearly halved

Financial results for nine months

In January–September 2026, the total revenue of UzAuto Motors, Uzbekistan's largest automaker, amounted to 30.1 trillion soums — 13% less than in the same period of 2025 (34.7 trillion soums). The company's net profit for the reporting period was 1.8 trillion soums, compared with 3.5 trillion a year earlier, meaning it nearly halved. These figures are cited by Kun.uz with reference to the company's financial statements.

How the key indicators changed

The cost of goods sold decreased from 30.6 to 27.2 trillion soums, as a result of which gross profit fell from 4.1 to 2.9 trillion soums. Operating profit dropped from 2.9 to 1.3 trillion soums — by 56.2%. Profit before tax declined from 4.09 to 2.15 trillion soums.

The main reason — falling domestic demand

According to Kun.uz, the main reason for the decline in profit was the drop in car sales on the domestic market. This is clearly seen in the example of the Cobalt, the company's most popular model: in the first half of 2026 its production grew by 13.5% to 82,951 units, while domestic sales fell from 67,580 to 40,936 units. It turns out that in January–June only about 49% of the Cobalts produced found buyers on the domestic market; the rest was sent for export or remained in warehouses. No exact official figures on this distribution have been disclosed.

Accumulated inventories and a change in sales policy

According to the publication Autostrada, as of June 30, 2026, the value of accumulated but unsold Chevrolet vehicles in UzAuto Motors' warehouses amounted to 954 million dollars. Such a noticeable drop in demand is forcing the company to change its long-established sales policy: whereas previously purchasing models like the Cobalt required a down payment of at least 50% and buyers waited in line for months, the model is now offered with discounts and interest-free installment plans in order to retain customers.