Uzum expects a profit of $176 million

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

The gross merchandise value (GMV) in e-commerce exceeded the $500 million mark in 2025. This represented a 1.5-fold increase compared to the previous year.

The fintech business grew even more dynamically. The total volume of consumer loans, installment payments, and other financial products reached $1.2 billion. This was nearly 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 had been to create sustainable growth.

Fintech as the Key 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-over-year to $11.1 billion. This growth was driven by the increasing prevalence of cashless payments and the closer integration of retail 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. Following the introduction of cross-border offerings, the product range included more than 100 million items.

At the same time, Uzum expanded its logistics network. By the end of 2025, it had approximately 1,500 pickup points at more than 450 locations across the country. The company combined its own locations with those operated by partners.

New seller 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, a member of the group, expanded its loan portfolio to $3.1 billion. Deposits rose to $3.7 billion.

Lending to small and medium-sized enterprises increased 1.7-fold year-over-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 monthly in 2025.

This article was produced in cooperation with our partner bne intelliNews