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    Uranium
JSC National Atomic Company Kazatomprom

JSC National Atomic Company Kazatomprom

KAP.L
JSC National Atomic Company KazatompromGB flagLondon Stock Exchange
70.50
USD
-0.20
- -
18.28BMarket Cap
JSC National Atomic Company Kazatomprom
KAP.L
(London Stock Exchange)

Recent

price

70.50

P/E

ratio

- -

div

yld

- -

ROIC.AI

2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
FRC
1,480.43
1,520.36
1,068.2
1,683.52
1,936.59
2,265.05
2,664.32
3,860.2
5,531.51
6,991.72
6,952
6,719.94
Revenue per Share
148.22
419.48
534.12
1,610.46
732.57
707.68
542.78
1,341.96
1,616.24
3,363.18
2,199.52
2,070.08
Basic EPS, GAAP
-95.36
-114.02
-137.99
-228.25
-192.84
-136.77
-182.35
-287.16
-420.46
-670.01
-886.48
-891.88
Free Cash Flow per Basic Share
8.96
46.39
253.89
623.32
308.46
381.72
578.67
876.74
774.88
1,213.19
1,264.12
- -
Dividend per Share
1,679.86
2,053.22
2,406.14
3,362.22
3,786.16
4,112.2
4,570.68
5,034.11
5,876.62
8,025.89
8,958.5
8,928.11
Book Value per Share
1,782.23
2,161.94
2,441.3
3,818.53
4,578.47
4,934.84
5,699.33
6,313.09
7,511.31
11,321.45
12,261.56
12,035.8
Tangible Book Value per Share
259
259
259
259
259
259
259
259
259
259
259
259
Basic Weighted Avg Shares
383,960
394,315
277,046
436,632
502,269
587,457
691,011
1,001,171
1,434,635
1,813,352
1,803,049
1,742,864
Sales/Revenue/Turnover
18.35
17.47
11.16
17.01
29.23
37.24
32.96
44.92
46.92
44.09
42.63
42.9
Operating Margin (%)
1,412
1,146
823
939
1,783
1,982
2,833
2,341
2,338
2,195
2,224
1,670
Depreciation Expense
38,442
108,795
138,527
417,684
189,998
183,541
140,773
348,048
419,184
872,263
570,460
536,890
Net Income, GAAP
26.33
13.89
11.22
6.37
13.55
22.37
21.88
18.97
20.32
17.31
18.98
18.93
Effective Tax Rate (%)
10.01
27.59
50
95.66
37.83
31.24
20.37
34.76
29.22
48.1
31.64
30.81
Profit Margin (%)
143,361
217,769
306,032
179,590
312,926
430,717
612,934
676,317
859,896
1,205,238
1,124,346
1,061,231
Working Capital
121,474
78,883
40,654
16,637
70,116
76,307
91,161
83,300
- -
106,401
51,587
48,796
LT Debt
469,405
567,830
641,176
1,044,460
1,242,154
1,339,792
1,537,101
1,696,503
2,008,267
2,997,551
3,241,705
3,182,877
Total Equity
- -
8.76
3.71
6.85
9.5
11.82
11.4
20.56
26.2
24.42
18.54
18.4
Return on Invested Capital (%)
- -
17.35
20.02
41.99
13.27
10.64
4.29
13.11
13.14
23.44
10.59
9.3
Return on Capital (%)
- -
22.47
23.95
55.84
20.5
17.92
12.5
27.94
29.63
48.38
25.9
24.28
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Sep'25
Dec'25
Mar'26
ST Debt
153,183
168,559
163,010
LT Borrowings
56,055
51,587
48,796
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
259
259
259
Market Capitalization
7,599,631
7,349,985
9,688,624

Working Capital

FRC

•

in mil. unless spec.
Sep'25
Dec'25
Mar'26
Total Current Assets
1,647,324
1,578,571
1,668,395
Cash, Cash Equivalents & STI
496,905
476,186
577,967
Accounts Receivable, Net
247,477
311,532
70,709
Inventories
436,930
415,319
563,566
Total Current Liabilities
499,737
454,225
607,164
Payables & Accruals
- -
- -
- -
ST Debt
153,183
168,559
163,010
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
22.45%
20.18%
8.15%
Free Cash Flow
29.03%
45.78%
32.31%
Net Income, GAAP
57.18%
43.57%
-34.6%
Sales/Revenue/Turnover
19.42%
26.33%
-0.57%
Total Cash Common Dividend
113.62%
30.45%
4.2%

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
269,833
431,287
437,733
674,499
1,813,352
2025
214,409
445,758
532,727
610,155
1,803,049
2026
154,224
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
1,293.15
563.39
475.79
- -
3,363.18
2025
99.05
680.06
830.6
- -
2,199.52
2026
-30.39
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.8
1,212.39
- -
- -
1,213.19
2025
- -
- -
- -
- -
1,264.12
2026
- -
- -
- -
- -
- -
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Business
JSC National Atomic Company Kazatomprom functions as a leading entity in the global nuclear energy sector, overseeing the exploration, extraction, processing, commercialization, and global distribution of uranium and related materials throughout the Republic of Kazakhstan and across international markets. The company is recognized as the world's largest producer of natural uranium, leveraging extensive reserves primarily through cost-efficient and environmentally responsible in-situ recovery (ISR) methods. Beyond its core uranium operations, Kazatomprom is also engaged in the production and sale of rare metals such as beryllium, tantalum, and niobium through its specialized metallurgical plant. Its integrated activities further encompass various stages of the nuclear fuel cycle, alongside geological exploration, scientific research, and development. The company additionally provides logistics, transportation, and specialized consulting services. Founded in 1997, the company maintains its headquarters in Astana, Kazakhstan. In recent periods, Kazatomprom has adopted a "value over volume" strategy, managing production levels to support market stability and profitability, including plans for a strategic reduction in 2026 uranium output. The company consistently focuses on replenishing its resource base through large-scale exploration and has demonstrated robust financial performance, achieving significant revenue and profit growth in 2024.