Kazakhstani confectionery producer Lotte Rakhat plans to expand its export geography. The company is considering South Korea, Indonesia and Thailand as new export destinations, Kazakhstan’s Ministry of Agriculture reported.
Currently, about 22% of the company’s products are sold outside Kazakhstan. Russia remains the largest foreign market, accounting for around 65% of the company’s export deliveries.
Lotte Rakhat’s products are also sold in Central Asian and South Caucasian countries, as well as China, Mongolia, Afghanistan and Germany. In 2026, the company began exporting its products to Latvia.
Lotte Rakhat operates two production facilities in Almaty and Shymkent. Their combined annual production capacity exceeds 100,000 tons. The company’s product range consists of more than 500 items, including chocolate, candies, cookies and waffles. The company produces more than 80 types of chocolate bars alone.
At the same time, the company produces the main components of chocolate domestically: cocoa mass, cocoa butter and cocoa powder. The production chain covers the entire process, from processing cocoa beans to producing finished products.
Alongside its export expansion, the company is investing in production capacity. Over the past several years, about 19.4 billion tenge (approx. $42 million) has been allocated to technological development and production expansion. Of this amount, more than 7.1 billion tenge was allocated to the facility in Shymkent. There, the company is developing new areas of production, including waffles and corn snacks.
The total amount of base remuneration paid to members of Lotte Rakhat’s board of directors for 2025 amounted to 122.9 million tenge. The company’s board of directors includes Jin Hun Tag, Min Joon Woong, Ahmed Ahrarov, Mukhtar Makulbayev and Bae Junghan.
The total amount of base remuneration and bonuses paid to members of the management board for 2025 amounted to 290.175 million tenge. The management board includes Ahmed Ahrarov, Ryu Hakhee, Yim Wonhyeok, Zhanna Orazbayeva, Marat Nuragizyev, Sergery Krementsov and Dinara Rakhimova.
As of July 1, South Korea’s LOTTE WELLFOOD CO., LTD. owns a 95.57% stake in Lotte Rakhat.
Lotte Rakhat’s revenue rose to 106.4 billion tenge (approx. $204 million) in 2025 from 90.9 billion tenge in 2024. Net profit, however, fell to 4.96 billion tenge from 6.4 billion tenge. In 2025, the company had 71.9 billion tenge in retained earnings.
Chocolate products accounted for 58.5 billion tenge of 2025 revenue, up from 50.1 billion tenge in 2024. Biscuits generated 21.3 billion tenge, compared with 20.3 billion tenge a year earlier, while candy revenue increased to 14.4 billion tenge from 12 billion tenge. Revenue from other products reached 14.5 billion tenge, up from 10.7 billion tenge.
The company does not disclose a breakdown of revenue by country. However, its trade receivables at the end of 2025 included 1.8 billion tenge denominated in Kazakh tenge, 561.5 million tenge equivalent in U.S. dollar-denominated receivables, 363 million tenge equivalent in Russian ruble-denominated receivables and 141.5 million tenge equivalent in Kyrgyz som-denominated receivables.
