Euro-Asia Air International posted a net loss of 260.6 million tenge in 2025, compared to a loss of 198.4 million tenge in 2024, according to its financial statements. This was reported by Qazaqyia.kz citing Kursiv Media.

In 2025, the company had no revenue or income from rental of investment property – in 2024, the latter amounted to 284.2 million tenge. The statements indicate that Euro-Asia Air International leased premises to a single client. The contract with the sole tenant (unnamed but identified as an unrelated party) expired in 2024. The document notes that as of the reporting date, Euro-Asia Air International was seeking potential tenants.

"The shareholder and companies under common control have confirmed that they will provide financial support to the company so that it can continue as a going concern for the foreseeable future," the statements said.

The company's financial income fell to 55.9 million tenge in 2025 from 69.2 million tenge a year earlier. Accumulated deficit increased to 1.26 billion tenge at the end of 2025.

Despite recent losses, Euro-Asia Air International continued to extend unsecured soft loans to related parties: Altair Air at 1% (valid until end of 2026) and Kazakhstan Mineral Resources Corporation-Investment at 1% (valid until end of 2027). At end-2025, the nominal value of these loans was 103.7 million and 719.2 million tenge, respectively.

In addition, Euro-Asia Air International receives loans from related parties: Aircraft Repair Plant No. 405 (valid until July 18, 2026), E.R. Troika Limited (valid until December 23, 2026), and Burundayavia Airlines (valid until September 15, 2026). At end-2025, the amounts were 174.1 million, 97.6 million, and 95.2 million tenge, respectively. All these funds are also provided at 1% per annum.

In April, Euro-Asia Air International granted a loan of 107.5 million tenge at 1% per annum for one year to Aircraft Repair Plant No. 405. Also in 2026, Euro-Asia Air International repaid a loan from Kazakhstan Mineral Resources Corporation-Investment in the amount of 111.5 million tenge.

In 2026, Euro-Asia Air International received a loan of 40 million tenge at 1% per annum for one year from Burundayavia Airlines (the latter has already repaid 4 million tenge), and 44.4 million tenge on the same terms from E.R. Troika Limited.

Euro-Asia Air International is registered in Almaty. Its main activity is leasing premises for aircraft parking.

The sole shareholder of Euro-Asia Air International is Eurasian Production Company. As of the publication date, the ultimate owners are Mukadaskhan Ibragimova (widow of ERG co-founder Alijan Ibragimov) – 33.334%, Patokh Shodiev – 33.333%, and Central Asian DMCC (UAE) – 33.333%. At end-2024, the latter stake belonged to Alexander Mashkevich (one of the three ERG founders), but after his death at age 72 on March 22, 2025, a six-month inheritance period began. On October 3, 2025, his stake passed to his heirs (widow Larisa Mashkevich and her daughters Alla and Anna Mashkevich) through Central Asian DMCC.

In May 2026, ERG announced that Nature Energy Solutions Ltd., owned by Kazakhstani businessman Shakhmarat Mutalip, acquired 39.3% of the mining group's shares. The stake was purchased from Patokh Shodiev, who owned 18.6% of ERG, and from the heirs of Alexander Mashkevich, who held 20.7% of ERG. Shakhmarat Mutalip ranks 22nd on Forbes' list of richest Kazakhs with $482 million. The Ibragimov family, which owns 20.7% of ERG, ranks seventh with $1.677 billion. Another 40% of ERG is owned by the Ministry of Finance of Kazakhstan.

One of the three founders of Eurasian Resources Group (ERG), Patokh Shodiev, improved his position in the Chinese Hurun Global Rich List by 80 places, ranking 1374th with $3 billion, as reported in March.