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.