The President of the Republic of Kazakhstan Kassym-Jomart Tokayev received Meirzhan Yussupov, CEO of Kazatomprom. The CEO has provided a report on the Company’s 2025 performance.
Meirzhan Yussupov informed that the Holding’s total uranium production reached 25.8 thousand tonnes in 2025, with 13.5 thousand tonnes attributable to the Company. The CEO emphasized that in accordance with the directives of the Head of State, the Company is continuing is efforts on geological exploration and strategic expansion of the nation’s mineral resource base. Kazatomprom has established a portfolio of six new prospective uranium areas within the Republic of Kazakhstan, spanning an aggregate area of more than 1,000 square kilometers, with total exploration investments projected at KZT 75–85 billion through 2030.
The President was also briefed on the Company’s social support initiatives for Kazakhstan’s uranium-producing regions. In 2025 alone, Kazatomprom allocated over KZT 11 billion toward socio-economic development, including KZT 6 billion required under subsoil use obligations.
Furthermore, the meeting included a high-level discussion on the long-term trends currently shaping the global nuclear industry. It was noted that, according to World Nuclear Association forecasts, total nuclear reactor capacity is projected to reach 746 GW by 2040, with global annual demand potentially climbing to 150 thousand tonnes of uranium. Given the anticipated uranium deficit and the growing role of nuclear energy, sustainable development of the resource base and further expansion of the sales portfolio remain key priorities aimed at maintaining Kazatomprom’s leading position in the global uranium market.
The CEO reported that, by the end of 2025, consolidated sales volume across the Group increased by 11%, reaching 18.5 thousand tonnes. In accordance with the Company’s 2025–2034 Strategy, Kazatomprom is actively expanding its footprint across new markets. As a result, in 2025, the Company secured uranium supply agreements with European utilities Axpo Power AG (Switzerland) and ČEZ Group (Czech Republic), as well as with Japan’s Kansai Electric Power. Efforts are currently underway to finalize a long-term aggrement for the supply of natural uranium concentrates to India.
Despite prevailing geopolitical turbulence, the Company continues to deliver on its contractual obligations in full and ensures uninterrupted global uranium supplies.
The Company is also intensifying its commitment to research and innovation, having developed a comprehensive scientific and technological strategy through 2034 aimed at enhancing production efficiency, minimizing environmental impact, and integrating advanced technologies.
Kazatomprom’s achievements as a public company were particularly noted, highlighting that its market capitalization has increased more than sevenfold since its 2018 IPO. The Company’s dual listing on the London Stock Exchange and the Astana International Exchange continues to enhance Kazatomprom’s investment appeal while supporting the sustainable development of local capital markets.
Following the meeting, the Head of State issued several directives aimed at further developing the resource base, expanding international cooperation, and implementing key social initiatives.
For more information, please contact:
Public Relations and Media Inquiries
Daniyar Oralov, Director, Public Relations
Tel: +7 7172 45 80 63
Email: pr@kazatomprom.kz
Investor Relations Inquiries
Botagoz Muldagaliyeva, Director, Investor Relations
Tel: +7 7172 45 81 80 / 69
Email: ir@kazatomprom.kz
A copy of this announcement is available at www.kazatomprom.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. Kazatomprom is the national atomic company in the Republic of Kazakhstan. The Group's primary customers are operators of nuclear generation capacity, the principal export markets for the Group's products are 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, TH Kazakatom AG (THK).
For more information, please see the Company website at www.kazatomprom.kz.
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