National Atomic Company Kazatomprom JSC is Kazakhstan's national uranium operator, with its head office at 17/12 Syganak Street in Astana. The company mines natural uranium, produces rare metals and nuclear fuel cycle materials, carries out geological exploration and runs its own scientific work through a group of subsidiaries and affiliates. It reports under International Financial Reporting Standards and its shares and global depositary receipts trade as one ordinary share per GDR. Meirzhan Yussupov is chief executive officer.
Ownership, listing and shareholder returns
Kazatomprom's shareholder structure shows the sovereign wealth fund Samruk-Kazyna holding 163,377,456 shares, or 62.99%, with the Ministry of Finance holding 31,140,000 shares, or 12.01%, under fiduciary management by Samruk-Kazyna, and a free float of 64,839,152 shares representing 25%. Total placed shares are 259,356,608. The annual general meeting held on 26 May 2026 approved dividends for 2025 that were paid out on 29 July 2026, totalling KZT 335,158,763,820.16, or KZT 1,292.27 per ordinary share. In August 2026 the company notified shareholders of an absentee extraordinary general meeting covering three items: a spot-term contract for the sale and purchase of natural uranium concentrates with State Nuclear Uranium Resource Development Company Limited, a contract to supply natural uranium in the form of U3O8 with Uranium One Group JSC and the composition of the board of directors.
First-half 2026 results and market conditions
The company published consolidated first-half 2026 results in late August 2026, reporting revenue growth of 9% year on year to almost KZT 718 billion. Management described the long-term uranium price indicators as the strongest in 18 years, in the mid-to-high ninety dollar range per pound, and pointed to 38 countries, Kazakhstan among them, having signed a plan to triple nuclear power by 2050. The chief executive said pricing power had returned to producers with large proven reserves while utilities shift procurement away from short-term spot purchases towards long-term inventory security. Management also warned that cost pressures affecting uranium production industry-wide are reaching Kazatomprom, stating that the era of cheap uranium is fading.
Licensing, legislation and production plans
New Kazakh laws on radioactive waste management and related amendments were signed on 7 July 2026 and took effect on 7 September 2026. They differentiate licensing rules by deposit type: for open-pit and underground uranium deposits, production licences can only be transferred to entities in which the national operator holds more than 50%, while the long-standing threshold of more than 75% ownership by the national operator is retained for in-situ recovery deposits; Kazatomprom currently holds national operator status. Uranium exploration moves from a licensing to a subsoil use contract regime, with a one-time extension of up to five years and a maximum term of 11 years. Liquidation work previously performed in-house by mining enterprises passes exclusively to a newly established national operator for radioactive waste management. Separately, Ortalyk LLP commissioned a processing plant with capacity of up to 500 tonnes a year at the Zhalpak deposit on 29 July 2026, with expansion to the planned 900 tonnes a year scheduled for 2027. The company said the sulphuric acid supply situation is expected to have no material impact on mining operations, but that the assessment will feed into its 2027 production guidance.
Investor engagement
Kazatomprom maintains an investor relations site alongside its corporate pages, covering reports and results, financial and operating results, annual reports, share performance, bonds, dividends, credit ratings and analyst coverage. It hosted a two-day tour of its uranium mines for the investor community on 6 and 7 October 2026, with pre-registration closing on 15 September 2026, and publishes a corporate magazine and photo and video material through its media section. The company reports on a quarterly and half-yearly basis and holds conference calls for its results.
Contact
General enquiries reach the company at [email protected], the office address published on its contacts page, with separate departmental mailboxes for investor relations, human resources, government relations, public relations and the ombudsman. A compliance hotline is also published, along with a second hotline operated through the company's service centre. The head office address listed is 17/12 Syganak Street, Z05T1X3, Astana, Republic of Kazakhstan, and the corporate website is available in Kazakh, Russian and English.