Sales of Damas and Labo Generated More Profit Than Cobalt, Onix, and Tracker Combined

In 2025, the Pitnak plant, which manufactures Damas and Labo, earned $190.1 million in operating profit. The Asaka plant, where Cobalt, Onix, and Tracker are produced, generated $171.4 million, while sales of imported Chevrolet vehicles added another $8.3 million to the company's earnings.

However, the Asaka plant's revenue was nearly three times higher—$3.19 billion compared to $1.01 billion for the Pitnak plant. For every $100 in revenue, the production of Damas and Labo yielded $18.8 in profit, whereas in Asaka, this figure stood at $5.4.

UzAuto Motors' financial reports refer to operating profit—revenue from vehicle production and sales before accounting for interest, exchange rate differences, and taxes. The performance of the two plants is presented separately.

The previous year, the Pitnak plant reported $219.1 million in profit. The Asaka plant earned $52.7 million, and together with its import division, the total reached $78.3 million. In 2025, the Asaka plant's profit increased to $171.4 million despite nearly unchanged revenue. One contributing factor was other income not directly tied to vehicle sales, which rose from $7.3 million to $64.6 million over the year.

Conversely, the Pitnak plant's profit declined from $219.1 million to $190.1 million, even as revenue grew. Sales and administrative expenses increased from $50.4 million to $121 million. Revenue from imported Chevrolet sales during the same period dropped by approximately two-thirds, from $201.8 million to $66.5 million.

In January–June 2026, the Pitnak plant earned $73.5 million in profit. The Asaka plant, including its import division, generated $60.9 million during the same period.

Meanwhile, the profitability of Damas and Labo production declined. In the first half of 2025, every $100 in revenue at the Pitnak plant yielded $21.8 in profit, compared to $18.5 in the first half of 2026. The plant's administrative and commercial expenses rose from $25.2 million to $55 million in the first six months.