Technology

Uzum Holding Ltd (“Uzum” or “the Company”) FY2024 Results

Published

2 years ago

February 25, 2025

Net Income up 50% to $150 million driven by significant expansion across ecosystem

More than 40% of Uzbekistan’s population now use Uzum services

TASHKENT, Uzbekistan, Feb. 25, 2025 /PRNewswire/ — Uzum, the leading digital services ecosystem in Uzbekistan, today announces unaudited financial results for twelve months ended December 31, 2024:

Highlights

In 2024, Uzum’s e-commerce and fintech services became more interconnected within the ecosystem. This led to significant growth in both areas, making these services an even bigger part of daily life in Uzbekistan. MAU (monthly active users) across the ecosystem increased by 61% year-on-year in 2024 to nearly 16 million, representing 40% of the country’s population.FY2024 Net Income of $150 million, up 50% year-on-year, in line with the guidance provided in the Q3 / 9M 2024 results press release.

Strong growth in Commerce

FY2024 consolidated GMV (gross merchandise value) totaled $345 million, growing 2.4х year-on-year.Uzum Market continued investing in the development of its logistics infrastructure and seller-focused solutions. Successful launch of the FBS (Fulfilled by Seller) model and the launch of the largest warehousing facility in Central Asia during Q3 enabled the marketplace to further expand its operations.Uzum Tezkor had a total of 2,400+ partner restaurants at the year end, doubling year-on-year. Its geographic coverage area comprises 18 cities, reflecting the growing popularity of the express delivery service as more Uzbek residents rely on its convenience and quality.

Rapid acceleration of FinTech

The FinTech vertical of Uzum became one of the key growth drivers of the entire ecosystem last year.As of 31 December 2024, the Company issued more than 700,000 Uzum Bank-branded Visa debit cards with a revolving credit limit. In Q4 2024, Uzum continued to rapidly roll out the product, following its successful launch in late Q3 2024. Uzum Bank cards will remain a key growth driver for the FinTech vertical in the medium term.FY2024 FinTechs BNPL (Buy Now Pay Later) TFV[1] reached $421 million (2.7х y-o-y). Gross loan portfolio in FY24 showed an extensive growth and more than doubled up to $226 million.

Djasur Djumaev, CEO and Founder of Uzum, said:

“2024 was another year of significant growth for Uzum. We strengthened our position as the clear national leader in our core verticals – Commerce and FinTech. Underpinned by our operational excellence and well-invested infrastructure, we have delivered an outstanding performance, with our total customer base increasing by more than 60% compared to 2023 to nearly 16 million, representing 40% of the total population.

“Our Commerce GMV more than doubled to $345 million supported by continued investment in technology and infrastructure. In our rapidly growing FinTech vertical, unsecured lending increased significantly to $421 million. We will continue to digitalise Uzbekistan’s financial sector by making online financial services more accessible and convenient to people across the country. This was supported by the rapid roll-out of our Uzum Bank-branded debit cards with a revolving credit limit, with more than 700,000 cards issued within only 4 months since the product launch.

“A key goal for 2025 is to continue to roll out the Uzum Bank card business as we aim to issue up to a further five million cards. I am confident that with the capabilities that we have built we are well placed to achieve this ambitious milestone and facilitate access to modern and convenient financial services for millions of people across Uzbekistan.

“We plan to further scale our e-commerce business and develop deeper integration between the various services of our ecosystem, ultimately making a significant contribution to improving people’s lives and driving the country’s digital transformation.”

About Uzum Holding
Uzum is a digital ecosystem and the largest digital platform in Uzbekistan, providing services spanning e-commerce, express delivery, banking and fintech, and business development. The ecosystem includes Uzum Market, an online marketplace with a wide range of products and one-day delivery across the country; Uzum Tezkor, an express delivery service from restaurants and stores; Uzum Bank, a digital bank; Kapitalbank, the country’s largest privately owned bank; Uzum Nasiya, an online unsecured lending service; and Uzum Business, an app for business customers. More than 16 million people in Uzbekistan, or over 40% of the country’s population, use Uzum services every month. Learn more at uzum.com.

[1] Loan disbursements: BNPL (excluding mark-up paid by customer) and cash loans

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Technology

GIGABYTE Unveils Amazon Prime Big Deal Days Offers with Savings Up to $130

Published

49 minutes ago

October 6, 2026

CITY OF INDUSTRY, Calif., Oct. 6, 2026 /PRNewswire/ — GIGABYTE Technology, a global leader in PC hardware, today announced its Amazon Prime Big Deal Days promotions, available exclusively to Prime members for 48 hours only, from October 6 through October 7, 2026. As the fall gaming season kicks off, the event lowers the entry barrier for next-generation PC building—putting 240Hz esports displays within reach from just $79.99 and delivering savings of up to $130 on Wi-Fi 7 and PCIe 5.0-ready motherboards on Amazon.

Empower Your Build: Next-Gen AMD Platforms Built for Every Gamer

As Wi-Fi 7 routers and PCIe 5.0 graphics cards and SSDs move into the mainstream, GIGABYTE is making the platforms built for them accessible across every budget segment. Headlining the promotion is the X870 AORUS ELITE WIFI7, which democratizes multi-gigabit Wi-Fi 7 speeds and PCIe 5.0 graphics readiness for high-demand gaming at a promotional price of $209.99. For mainstream builders transitioning to the latest AMD Ryzen processors without overspending, the B850 EAGLE WIFI6E delivers essential next-gen connectivity and thermal efficiency for just $149.99. Meanwhile, gamers building a clean white rig around a Ryzen X3D processor can secure the X870E AORUS ELITE X3D ICE at $259.99. Its X3D Turbo Mode 2.0 tunes X3D chips in real time for extra gaming performance, and at $130 off, it carries the event’s largest single discount.

Smooth Esports Visuals Starting Under $80

Alongside platform upgrades, GIGABYTE is bringing 240Hz refresh rates—long the benchmark for competitive play—down to entry-level price points. Budget-conscious esports players and students can minimize motion blur and screen tearing with the 24.5-inch GS25F2A, a 240Hz, 1ms FHD monitor available for an ultra-accessible $79.99. For FPS competitors who want the same 240Hz speed on a height-adjustable ergonomic stand, the G25F2A drops to $89.99, making high-FPS dual-monitor configurations exceptionally cost-effective for modern gaming rooms.

Promotional Pricing Summary

All featured motherboards and gaming monitors eligible for Prime Big Deal Days savings on October 6–7, 2026, are detailed below:

Model

Features

Promo Price

X870 AORUS ELITE WIFI7

Next-gen AMD platform with Wi-Fi 7 & PCIe 5.0

$209.99

X870E AORUS ELITE X3D ICE

White AMD X870E board with X3D Turbo Mode 2.0 & Wi-Fi 7

$259.99

X870E AORUS PRO ICE

Premium all-white AMD X870E enthusiast platform

$279.99

B850 AORUS ELITE WIFI7 ICE

Sleek white B850 platform with Wi-Fi 7 speeds

$169.99

B850 EAGLE WIFI6E

Mainstream ATX platform featuring Wi-Fi 6E & PCIe 5.0

$149.99

B850M EAGLE WIFI6E

Compact Micro-ATX build with Wi-Fi 6E

$139.99

B550 GAMING X V2

Budget-friendly AM4 classic for entry gaming rigs

$84.99

Z790 AORUS ELITE AX

Intel Z790 DDR5 board with Wi-Fi 6E for 12th–14th Gen Core

$169.99

G25F2A

25″ 240Hz high-FPS competitive esports monitor

$89.99

GS25F2A

25″ 240Hz gaming display under $80

$79.99

GS27F2

27″ 240Hz FHD gaming display

$99.99

About GIGABYTE

GIGABYTE is a developer, manufacturer, and distributor of high-performance hardware solutions. From award-winning monitors and graphics cards to advanced data center infrastructure, GIGABYTE remains committed to its mission of “Upgrade Your Life” through innovative technology and exceptional build quality.

Media Contact

GIGABYTE USA PR Team

City of Industry, California

gbtusa_marketing@gigabyteusa.com

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SOURCE GIGABYTE

Technology

QuickLogic Announces Inducement Grant Under Nasdaq Listing Rule 5635(c)(4)

Published

49 minutes ago

October 6, 2026

SAN JOSE, Calif., Oct. 6, 2026 /PRNewswire/ — QuickLogic Corporation (NASDAQ: QUIK) (“QuickLogic” or the “Company”), a developer of embedded FPGA (eFPGA) Hard IP, Strategic Radiation Hardened and Antifuse FPGAs and ruggedized programmable logic solutions, today announced that the Compensation Committee of its Board of Directors granted restricted stock unit awards for 51,502 shares of the Company’s common stock (the “New-Hire RSUs”) to James Sullivan, the Company’s new Senior Vice President of Finance and Chief Financial Officer. The award was previously announced on September 21, 2026 and granted by the Compensation Committee on October 5, 2026, as an inducement material to his entering into employment with the Company, pursuant to Nasdaq Listing Rule 5635(c)(4).

The New-Hire RSUs will be granted outside of the Company’s 2019 Equity Incentive Plan and will vest over a three-year period, with 1/3rd vesting on October 5, 2027 and 1/6th vesting each six months thereafter, subject to Mr. Sullivan’s continued employment with the Company.

About QuickLogic
QuickLogic Corporation is a fabless semiconductor company specializing in eFPGA Hard IP, Strategic Radiation Hardened and Antifuse FPGAs and ruggedized programmable logic solutions. QuickLogic’s unique approach combines cutting-edge technology with open-source tools to deliver highly customizable, low-power solutions for aerospace and defense, industrial, computing, and consumer markets. For more information, visit www.quicklogic.com.

QuickLogic and logo are registered trademarks of QuickLogic. All other trademarks are the property of their respective holders and should be treated as such.

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SOURCE QuickLogic Corporation

Technology

MIT Technology Review Unveils 2026 List of 10 Climate Tech Companies to Watch

Published

49 minutes ago

October 6, 2026

The annual list highlights businesses developing innovative solutions to positively impact climate change.

CAMBRIDGE, Mass., Oct. 6, 2026 /PRNewswire/ — MIT Technology Review released its annual list of 10 Climate Tech Companies to Watch for 2026 today. The list reveals the early-stage startups and multinational corporations developing cutting-edge solutions to lower emissions, address major climate concerns, and protect our planet.

MIT Technology Review’s award-winning newsroom used their advanced knowledge and resources to develop a robust list of 10 global businesses that are reinventing how we create energy, manufacture products, address climate risks, and develop cleaner transportation.

Drawing on feedback from researchers, investors, analysts and academics, the team vetted dozens of companies to confirm their success in driving innovations that tackle the most urgent climate issues. Following months of deliberation, they selected 10 notable businesses that they believe have the best chance at addressing these threats.

The online-exclusive list is now live at www.technologyreview.com/climatetech2026, and features in-depth profiles on how each company is making meaningful strides across energy storage, nuclear power, transportation, and more.

The honorees represent a wide range of industries, from clean energy and nuclear fission to flood barriers and electric vehicles. This year’s list includes Energy Dome and their energy storage systems on the grid, WeLion’s semi-solid-state batteries for EVs, and WaveSave’s portable rubber dam.

To read every honoree profile from the 10 Climate Tech Companies to Watch list, become an MIT Technology Review subscriber today at www.technologyreview.com/subscribe.

Members of the press may obtain additional information and access by emailing press@technologyreview.com.

About MIT Technology Review

Founded at the Massachusetts Institute of Technology in 1899, MIT Technology Review is the world’s leading authority on technology and its influence. Through award-winning journalism and premium events, we break down complex innovations and analyze their commercial, social, and political impact. From AI and biotech to climate tech and computing, we deliver trusted insights and expert analysis, empowering a global audience to navigate the emerging technologies shaping our future.

We are the destination for those seeking to better understand where technology is headed next. Subscribe. Attend. Follow: Facebook, LinkedIn, Instagram, Reddit.

Media Contact:

MIT Technology Review press@technologyreview.com

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SOURCE MIT Technology Review