Malt Plant in Zhetysu Region Earns French Owners 3.2 Billion Tenge in Profit

Souffle Kazakhstan Malt Plant, producing malt in Tekeli, increased its profit by 40.7% to 3.2 billion tenge in 2025. This was reported by Qazaqyia.kz citing Kursiv Media.

The enterprise is part of the French company Groupe Soufflet, which in turn is part of the larger holding InVivo. The company's profit in 2025 amounted to 3.2 billion tenge, up 40.7% from the previous year. This growth was driven by a 27% increase in revenue from contracts with customers, reaching 22 billion tenge.

The company produces and sells malt to Kazakh breweries and also exports it abroad. Revenue from malt sales in Kazakhstan amounted to 13.7 billion tenge (up 1.6 billion tenge year-on-year), while export deliveries brought the company 6.3 billion tenge, 77% more than a year earlier.

At the same time, production costs increased by 19% to 15.6 billion tenge, mainly due to rising prices for raw materials – barley.

The company receives large loans from Soufflet Finances. At the end of 2025, their total amounted to 9.4 billion tenge. The lender at a preferential rate of 2% is the internal financial division of the French agro-industrial holding Groupe Soufflet, which is also the parent company of Souffle Kazakhstan Malt Plant.

In 2025, the company paid 6 billion tenge in dividends to its owners. Kursiv previously reported that in 2026, the plant paid shareholders 2.56 billion tenge in dividends from 2025 profits.

The company was founded in 1991 as a state enterprise under the name Tekeli Malt Plant. In 1998, the plant was acquired by a Czech investor, after which it was renamed Altyn Bidai. In 2002, the company was bought by the French Compagnie Internationale de Malteries SA.

The plant's capacity is 80,000 tons of malt per year.

The company is a subsidiary of Compagnie Internationale de Malteries SA, which in turn is part of Malts Fco-Belges, producing and selling malt and barley in France, Czech Republic, Romania, Russia, and other countries. Malts Fco-Belges is part of Groupe Soufflet, which is also part of the large French agro-industrial group InVivo. The ultimate owner of the Kazakh plant is Philippe Mangin, Chairman of InVivo Group.