Yerevan
Tbilisi
Moscow
Paris
Los Angeles
Beijing
English
Հայերեն Русский
Main Timeline Video Share
May the Holiday Warm Hearts: Idram and IDBank Support the Children of Heroes Beneficiaries of the "By Your Side" program at IDBank AraratBank Named Large CSR Company of the Year Idram Joins the Fight Against Food Insecurity Ucom’s Renovated Sales and Service Center in Yerevan Mall Reopens 1% idcoin instead of New Year’s suffering: practical tips Idram Junior Donated Books to Schools Big Christmas Market with Idram, IDBank and idplus Ucom Supports Wildlife Monitoring in Ararat Region IDBank, Idram, and idplus at the Big Christmas Market Converse Bank Deputy CEO and CFO, Grant Akopian, Elected to BACEE Board Ucom and SunChild NGO Install a Solar Plant in Alaverdi Kindergarten
Timeline
Khachaturian Rooftop Grand Opening Supported by IDBankUcom’s Sales and Service Center Reopens at 24/2 Shahumyan Street in Ararat Scholarship recipients of the “Armenian Virtuosos” Program participated in the Järvi Academy and Pärnu Music Festival in Estonia, representing Armenia on the international stageUcom Supports the Installation of a 15 kW Solar Power Plant at the Vayk Sports School New Financial Skills at the Davidbek Games: Idram&IDBankCashIn Services at AraratBank ATMs: Fast, Simple, and SecureUcom Sales and Service Center Reopens at 3/47 Yerevanyan Street in Yeghvard Up to 25% idcoin when purchasing Flyone flight tickets: Idram&IDBank Converse Bank Named Armenia’s Best Digital Bank for Consumers by EuromoneyUcom and Microsoft Innovation Center Help School Students Build Cybersecurity Skills Ucom Supports Installation of 10 kW Solar Plant in Shenavan, Lori Unibank to Raffle a Trip to ItalyCustomer Appreciation Day in Vanadzor: IDBankHaik Kazazyan to Perform Khachaturian’s Violin Concerto at the Closing Concert of the Madeira Classical Orchestra’s 2025/2026 SeasonMy Forest Armenia is a beneficiary of the "Power of One Dram" initiative in July Become a Unibank shareholder and benefit from an attractive investment opportunityIDBank warns of scam calls impersonating pension fundsA little corner of France in Hrazdan, with the partnership of Converse SME Idram is the general partner of the "Towards Conscious Parenting 2026" annual conference Polytechnic University Graduation Ceremony Held with the Support of Unibank
All Timeline »
Society

Ucom has published the 2023 financial audit report

Ucom has published the financial results for 2023, approved by external audit.

The revenue generated in 2023 was over 38 billion AMD, which marks a 5.7% increase compared to the previous year. Moreover, there was revenue growth recorded in both fixed internet services (+12.3% increase compared to 2022) and mobile services (+13.5% compared to 2022). The revenue increase was driven by the growth of the subscriber base in both fixed and mobile segments, supported by network expansion in the regions and continuous modernization of mobile and fixed networks, as well as ongoing improvement of convergent services.

The company’s results from operating activities significantly improved, reaching 11.9 billion AMD compared to 1.3 billion AMD in 2022, while net profit was 5.6 billion AMD, compared to 4.3 billion AMD in 2022. This demonstrates effective management of expenses alongside revenue growth.

The company’s total assets increased by 30.5%, reaching 113.1 billion AMD, compared to 86.6 billion AMD in 2022. The growth in assets is evidence of Ucom’s strategic investments aimed at improving technological infrastructure and the continuous expansion of the network.

The company’s equity amounted to around 16 billion AMD, compared to 10.5 billion AMD the previous year.

"Last year, we began to invest heavily in improving the quality and expanding our network, a step forward towards digital transformation, and now we are seeing the positive outcomes of those decisions. Of course, our main goal being a customer-centric company is to satisfy the needs of our subscribers and provide them with the best services and digital experience. However, we also greatly prioritize the efficient management of the company and compliance with the highest standards," said General Director of Ucom, Ralph Yirikian.

Ucom continues to comply with international financial reporting standards, ensuring the transparency and reliability of its financial data. It is worth mentioning that all the company reports, including audited ones, can be found in the reports section of the Ucom official website.