Kazatomprom (KAP), a Samruk-Kazyna subsidiary, reported sales of 6,083 tons of uranium oxide (U3O8) in January-June, down 13% year-on-year, according to the company’s second-quarter results. The reported sales include only final external sales by Kazatomprom and TH Kazakatom AG (THK), excluding intercompany transactions.
Meanwhile, in the second quarter of 2026, the company reported sales of 4,548 tons of uranium, up 3% year-on-year.
Uranium production totaled 7,054 tons in the first half of the year, up 10% year-on-year. The average realized price for Kazatomprom’s transactions increased by 13% year-on-year, while the average spot price at the end of June stood at $86.83 per pound.
«First-half 2026 sales volumes at the group level closely aligned with results from the corresponding period last year, reflecting stable overall performance. Sales variance at the KAP level (-13% year-on-year) was primarily driven by the timing and changes in the delivery schedule as per customer requests, rather than structural changes in KAP’s portfolio,» the company said in a statement.
Sales volumes may vary significantly from quarter to quarter, while quarterly sales volumes may fluctuate from year to year due to the nature of the uranium industry, the company said.
The 25% increase in the spot price during the reporting period contributed to a 16% and 13% increase in the average realized prices of the group and Kazatomprom, respectively, compared with the same period in 2025.
The company also noted that it completed the payment of 335.16 billion tenge (about $707.4 million) in dividends for 2025 on July 29.
«Kazakhstan and Russia signed several intergovernmental agreements setting out the key technical principles and export loan financing for the construction of Kazakhstan’s first large-scale nuclear power plant (NPP). According to the Kazakhstan’s Atomic Energy Agency, preliminary costs of two units with VVER-1200 reactors are estimated at approximately $14.4 billion with another $2 billion earmarked for physical security systems and social infrastructure,» the company said.
According to Kazatomprom’s website, the world’s largest uranium producer is 62.99% owned by Samruk-Kazyna, 12.01% owned by Kazakhstan’s Finance Ministry, with the remaining 25% in free float.
