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
Ucom Continues Large-Scale Network Modernization, Expanding 5G Coverage and Enhancing Connectivity EBRD’s AMD-denominated bonds listed on AMX; Converse Bank acted as underwriterBecome a Unibank shareholder and acquire perpetual bonds with a 13.25% yieldThe Unprecedented Educational Summer of the 'Armenian Virtuosos'All Armflix Content Is Once Again Available on UplayHayk Melikyan Opens the 5th Festival of Armenian Culture in KatowiceHarutyun Harutyunyan: “The Government Has No Intention of Applying for EU Membership and Adopted the Law to Prevent a Referendum”Ucom Supports Coca-Cola Fest 2026 “Orran” Students Start the New Academic Year with Support from “The Power of One Dram”It is with deep awareness of the seriousness of this supposition as well as concern that we pose the question of the above headline“Armenian Virtuosos” Scholarship Recipients Take the Stage at the 4th International Festival of Youth Orchestras of the WorldUnibank Launches a New Promotion "U-Teenager": Grand Prize — a Summer Course at One of the Top Universities AbroadSEROOND Begins: Armenia’s First Authored School Model Based on Whole-Child Development, Enabled by AI"Unisport" Advances to the Main Round of the UEFA Futsal Champions League Cybersecurity Course Graduates Take Part in Ucom’s “Junior Academy” ProgramUcom Introduces Green Tariff Plans, Turning Everyday Connectivity into Environmental Impact Ucom Launches “Unity Back to School” Special Offer for the New School YearUcom’s Sales and Service Center Reopens at 7 Sayat-Nova Street in Gyumri "Unisport" Competes in the UEFA Futsal Champions LeagueAram Barseghyan Appointed CEO of Team Telecom Armenia, Hayk Yesayan to Lead Team Group
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.