Dutch-backed greenhouse complex in Aktobe turns a profit after a year of losses
A Dutch-Hungarian greenhouse company near Aktobe has turned its finances around: after a loss the year before, Green Capital Kazakhstan closed 2025 in profit, business outlet Kursiv reports, citing the company's financial statements.
The company operates a greenhouse complex on a 57-hectare plot within Aktobe, growing tomatoes, cabbage and other vegetables; the greenhouse itself has grown from 5 hectares at its 2018 launch to 10 hectares today. As of the end of 2025, a controlling stake belonged to the Dutch FoodVentures Holdings B.V., with 24.5% each held by Kazakhstan's Qazaqstan Investment Corporation (part of the Baiterek holding) and Hungary's state-owned Eximbank; the greenhouse project has been financed since 2017 by a Kazakh-Hungarian direct investment fund.
The company's 2025 revenue rose to 5.97 billion tenge from 4.2 billion a year earlier, and its bottom line swung from a loss of 714.3 million tenge to a profit of 232 million. The share of vegetables exported fell to 69%, which the company attributed to halting shipments to Russia after that country imposed restrictions — though it gained new major domestic buyers, including Zeleny Dom, Astana Railway Group Trading and Diamond Food. At year-end the company employed 172 people.
Why this matters for Chamber members. Green Capital Kazakhstan's eight-year history is an example of sustained Dutch involvement in Kazakhstan's greenhouse vegetable sector, one that has weathered both a loss-making year and a return to profit: for BeNeLux businesses it's a sign that agritech investment in Kazakhstan takes patience but can pay off, and for Kazakh partners, that this foreign capital is in it for the long run rather than leaving after the first setback.
