Press releases

National Atomic Company Kazatomprom JSC (“Kazatomprom” or the “Company”) has signed into a landmark agreement with ČEZ, a. s., marking a significant expansion of its presence in Europe and further strengthening its position in the global uranium market.

The European Commission has included the lithium mining project at Cínovec and its processing in Prunéřov, Chomutov District, Ústí nad Labem Region, as a strategic project under the Critical Raw Materials Act (CRMA). This step confirms the Czech deposit’s key importance in the pan-European context. Inclusion on the strategic list brings a number of advantages to the Czech lithium project. For example, it may facilitate financing or streamline permitting processes. The project could now receive support from EU financial institutions, but it will also be more attractive to private investors.

Earnings before interest, taxes, depreciation and amortisation (EBITDA) amounted to CZK 137.5bn, a year-on-year increase by CZK 12.6bn. The improved EBITDA is mainly owing to the cessation of the windfall tax on production in the Czech Republic, which took away an amount of CZK 10.0bn from the 2023 performance figures. Adjusted net profit, a crucial factor determining the dividend, amounted to CZK 31.8bn, falling by CZK 3.0bn year-on-year. The current dividend policy therefore yields a dividend of CZK 35 to CZK 47 per share, which would mean a payout to shareholders of between CZK 19bn and CZK 25bn. In 2025, ČEZ Group anticipates an EBITDA between CZK 125bn to CZK 130bn, and adjusted net profit between CZK 25bn and CZK 29bn.