Lancaster Group Kazakhstan has published its financial statements for 2025. The document reports the sale of a 50% stake in Quantum Management Company for 309.4 million tenge. This was reported by Qazaqyia.kz citing Kursiv Media.
Quantum Education specializes in school management and providing high-quality education at private schools Riviera International School by Quantum, Quantum Stem School, and Quantum TECH School in Astana.
"In December 2025, the company [Lancaster Group Kazakhstan] sold a 50% stake in Quantum Management Company LLP to a third party for 309,406 thousand tenge and recognized a corresponding loss on sale of 60,000 thousand tenge," the report says.
At the end of 2024, the corresponding investment was valued at 369.4 million tenge. Quantum Management Company is currently owned by BI Education and BB Holding Ltd.
BI Education – owned by the private company BI Group LTD. of billionaire Aydin Rakhimbayev (ninth place with $1.1 billion) and his partners – retained its stake.
The new buyer was BB Holding Ltd – owned by Berik Kaniev and Bayan Kanieva (she is the head of the company).
In 2024, Berik Kaniev ranked 73rd in the Forbes list of richest Kazakhs with $64 million. He does not appear in more recent lists.
It is worth noting that the ultimate co-owners of Lancaster Group Kazakhstan are: Berik Kaniev, Yuri Pak, Gulnar Dosayeva (wife of Yerbolat Dosayev), and Gaukhar Kapparova (widow of entrepreneur Nurlan Kapparov).
Consequently, the Kaniev family came to own Quantum Management Company through another of their structures. Other shareholders of Lancaster Group Kazakhstan lost the right to manage the company.
In 2024, Yuri Pak also ranked 73rd in the Forbes list with $64 million. Gaukhar Kapparova ranks ninth in the Forbes list of richest Kazakh women with $65 million.
Lancaster Group Kazakhstan posted a profit of 6.1 billion tenge for 2025 after a loss of 14.98 billion tenge, according to the financial statements.
At the same time, the operating loss amounted to 995.9 million tenge compared to a loss of 5.69 billion in 2024. The return to profit came amid a significant reduction in financing costs – to 7.6 billion from 21.9 billion tenge in 2024. Meanwhile, financing income increased to 14.7 billion from 12.6 billion tenge in 2024. Despite the profit earned in 2025, the group's accumulated loss at the end of 2025 amounted to 14.1 billion tenge.
In 2024-2025, Lancaster Group did not pay dividends. At the end of 2025, shareholders provided the company with 29.1 billion tenge in short-term loans (in tenge and dollars).
Remuneration (salary and other payments) to key management personnel of Lancaster Group amounted to 107.9 million tenge in 2025 (107.7 million tenge in 2024). In 2024-2025, the company's top management consisted of two people.