KUMTOR DOUBLES PAYMENTS TO THE STATE: NEARLY $628 MILLION IN NINE MONTHS

published: 27 October 2026

The company’s revenue exceeded $1 billion, while net profit more than tripled over three years. 

Kumtor Gold Company CJSC continues to report strong financial results. In the first nine months of 2026, the company paid US$627.824 million to the state in taxes, dividends and other mandatory payments, more than double the $309.904 million paid in the same period of 2025. 

The company’s other key financial indicators also show positive trends. 

Kumtor’s revenue for January–September 2026 exceeded $1 billion, reaching $1,012.8 million. This represents an increase of nearly 38% compared with $735.8 million in the same period of 2025. 

By comparison, the company’s revenue for the first nine months of 2024 was $579.8 million, versus $558.2 million in 2023. Revenue has therefore increased by more than 80% over three years. 

The company’s net profit also increased significantly. It reached $548.4 million in the first nine months of 2026, up 71% from $320.2 million in the same period of 2025. 

The trend over recent years has been particularly noteworthy. Kumtor’s net profit for the first nine months of each year rose from $173.2 million in 2023 to $216.6 million in 2024 and exceeded half a billion dollars in 2026. The company’s net profit has thus tripled in just three years. 

Taxes and other mandatory payments also increased substantially. In January–September 2026, Kumtor paid $277.8 million in taxes and other mandatory payments, nearly 74% more than the $159.9 million paid in the same period of 2025. 

By comparison, these payments amounted to $114.7 million in the first nine months of 2024 and $124.2 million in the same period of 2023. 

Overall, the financial results for the first nine months of 2026 confirm the sustained positive performance of Kumtor Gold Company CJSC. Growth in revenue and net profit has been accompanied by a substantial increase in payments to the state, highlighting Kumtor Gold Company’s growing contribution to the economy of the Kyrgyz Republic.