President of the Republic of Kazakhstan Kassym-Jomart Tokayev was informed about the operating and financial results of NAC Kazatomprom JSC for 2024, as well as the company's short- and medium- term goals and plans.

Meirzhan Yussupov, Kazatomprom’s CEO, reported that last year’s uranium production volume amounted to more than 23 thousand tonnes, and the group’s sales volume was more than 16.6 thousand tonnes.

Consolidated revenue reached a record level of KZT 1.8 trillion, an increase of 26% compared to 2023. Operating profit also increased, and net income attributable to owners of the company net of one-time effects amounted to about KZT 577 billion, which is 38% higher than in 2023. The nuclear holding company's tax payments to the budget of the Republic of Kazakhstan exceeded KZT 720 billion, which is 58% more than in 2023.

The Head of State was briefed about the current situation in the global nuclear market, and Kazatomprom’s successful efforts in entering into new contracts for supply of natural uranium. One of the milestones of 2024 was reaching of Ulba-FA plant of its full annual design capacity – 200 tonnes of low-enriched uranium in the form of fuel assemblies.

Meirzhan Yussupov also presented Kazatomprom’s updated development strategy for 2025-2034, that will allow the company to continue it’s focus on increasing the country's mineral resource base and its efficient use. As such, in 2024 alone, the company has obtained new licenses for exploration of promising territories with an estimated resource potential of roughly 170 thousand tonnes of uranium.

Special attention was paid to international cooperation: Meirzhan Yussupov reported on signing  memorandums with Tajikistan – for potential development of rare and rare earth metals, with France – on education and training of personnel for the nuclear industry. The Head of State was also informed on the agreements reached with Mongolia and Jordan on the joint study and assessment of uranium exploration projects in those countires.

In addition, the Head of State was informed on implementation of social projects aimed at development and support of Kazatomprom’s regions of operation. In 2024, more than KZT 3.7 billion were allocated for the social development of the regions.

Concluding the meeting, the Head of State outlined a number of specific tasks for further enhancement of Kazatomprom’s operations.

For more details, please contact:

Public Relations and Media Inquiries
Altynay Karibzhanova, Chief Expert, Public Relations
Tel: +7 7172 45 80 63
Email: prkazatomprom.kz

Investor Relations Inquiries
Botagoz Muldagaliyeva, Director, Investor Relations
Tel.: +7 7172 45 81 80/69
Email: irkazatomprom.kz

About Kazatomprom

Kazatomprom is the world's largest producer of uranium, with the Company’s attributable production representing approximately 21% of global primary uranium production in 2024. The Group benefits from the largest reserve base in the industry and operates, through its subsidiaries, JVs and Associates, 27 deposits grouped into 14 mining assets. All of the Company’s mining operations are located in Kazakhstan and extract uranium using ISR technology with a focus on maintaining industry-leading health, safety and environment standards.

Kazatomprom securities are listed on the London Stock Exchange and Astana International Exchange. As the national atomic company in the Republic of Kazakhstan, the Group's primary customers are operators of nuclear generation capacity, and the principal export markets for the Group's products are China, South and Eastern Asia, Europe and North America. The Group sells uranium and uranium products under long-term contracts, short-term contracts, as well as in the spot market, directly from its headquarters in Astana, Kazakhstan, and through its Switzerland-based trading subsidiary, Trade House KazakAtom AG (THK).

For more information, please see the Company website at www.kazatomprom.kz

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