JSC NAC Kazatomprom (KAP): 2025 Results

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17.04.2026

Valuation update for NAC Kazatomprom following FY2025 results.

Following the release of FY2025 financial results, we have updated our valuation model and revised our target price to USD 93 per share, implying an upside potential of 10% from

the current market price. Based on this, we maintain our “Hold” recommendation on the stock.