Kumtor and Alliance Altyn top the ranking of Kyrgyzstan's top 500 companies

The results for the first half of 2025 show that the financial performance of Kyrgyzstan's real sector continues to be largely determined by a small group of systemically important companies. The ranking of the largest enterprises for January–June, prepared by the National Statistics Committee, is based on the reports of about 22,000 organizations, but the top ten made the key contribution to revenue and profit.

The total revenue of real sector enterprises for the reporting period reached 736.5 billion KGS. In terms of industry, the leading positions are traditionally occupied by manufacturing, energy, transport, and communications—the sectors most widely represented in the top 10 of the ranking.

The first place in the ranking was taken by Kumtor Gold Company CJSC, representing the mining sector. It is followed by Alliance Altyn LLC. Thus, the top two positions are again held by gold mining, which remains one of the key sources of export revenue and profit in the country's economy.

The top ten also includes large energy companies, including OJSC National Electric Grid of Kyrgyzstan and MP Bishkek Thermal Power Plant, which ensure the stable operation of basic infrastructure and related industries.

Transport and communications companies account for a significant share of the top 10. The ranking includes Kyrgyzstan Airports and Kyrgyz Temir Zholu, reflecting the growth in transport activity and freight traffic. The telecommunications sector is represented by NUR Telecom LLC and Alfa Telecom CJSC, which indicates the continuing profitability of communications services.

In addition to the leaders, the mining segment is also represented by Altynken LLC and Eti Bakyr Tereksay LLC.

At the end of the first half of the year, 44.3% of real sector enterprises were operating at a profit, while 26.7% were operating at a loss. The cumulative net financial result (profit minus loss) reached 135.6 billion KGS.

The largest contribution to the formation of profit was made by:

• enterprises producing basic metals — more than 49 billion KGS,
• wholesale and retail trade — about 40 billion KGS,
• mining — about 8 billion KGS.

The return on sales in the economy was 18.4%, and the return on financial and economic activities was 22.2%. The highest indicators were recorded in trade, metallurgy, communications, vehicle manufacturing, and real estate operations.