RG Brands Kazakhstan, known for its juices and soft drinks and previously a licensed producer of Pepsi beverages in the country, ended the first half of 2026 with a net loss of 11 billion tenge. The company attributes the results to an active investment cycle, according to infohub.kz.
According to the financial report, the net loss for the period stood at 10.997 billion tenge, compared with a profit of 7.8 billion tenge a year earlier. The main factors were lower revenue and higher expenses. Revenue from sales of popular drinks fell by 41% to 59 billion tenge. At the same time, the cost of goods sold also decreased to 31 billion tenge from 50 billion tenge a year earlier.
The most significant revenue decline was in the juices and beverages category, which included the brands Gracio, Dada, Nectar Solnechny, A’SU water, and Piala Ice Tea. Previously, this category also included beverages from the PepsiCo portfolio. Revenue in this segment dropped by 47% to 42 billion tenge, with a loss of 8.4 billion tenge.
In the tea category, revenue remained almost unchanged year-on-year, amounting to 13 billion tenge. However, the loss in this category reached 2.6 billion tenge. Revenue from resale of goods brought the company 12 million tenge.
Regionally, Kazakhstan generated the largest revenue at 44.7 billion tenge, followed by Kyrgyzstan with 7.3 billion tenge, Uzbekistan with 1.6 billion tenge, and Russia with 1.3 billion tenge.
Despite the revenue decline, selling and administrative expenses changed only slightly over the half-year. Selling expenses amounted to 21.8 billion tenge versus 24 billion tenge a year earlier, with the bulk going to transportation costs (7 billion tenge) and sales agents (4.2 billion tenge). Marketing spending increased to 3.77 billion tenge.
Administrative expenses reached 6.8 billion tenge, of which 3 billion tenge were salaries. Financing costs for loans and bonds totaled 5 billion tenge.
The financial results of RG Brands Kazakhstan significantly impacted the entire holding. The holding's loss amounted to 10 billion tenge, while revenue fell by 40% to 55 billion tenge.
RG Brands is owned by RG Brands Holding, registered in the UAE, whose owner is businessman Kairat Mazhibayev. He ranks 54th among the wealthiest Kazakhs with a fortune of $192 million.
The company noted that in the first half of the year, the holding implemented an active investment program. Investments in developing new brands totaled 14.7 billion tenge. The key roles in forming the new portfolio are played by Piala Ice Tea, AVA, and Salam Premium Cola.
Recall that at the end of 2025, RG Brands' cooperation with PepsiCo on producing Pepsi and other beverages came to an end.