Borjomi Holding company has submitted a financial report for 2023. According to the document, the group increased its income by USD 21 million to USD 436 million. However, last year the company made a profit for the first time after the Russian sanctions, which amounted to USD 85.6 million.
Borjomi mineral water is part of an international holding and its holder company, Rissa Investments Limited is registered in Cyprus. The group produces fresh and mineral waters of Borjomi, Likani, Bakuriani, Svyatoi Istochnik and Morshinsky.
According to a report submitted to the Russian financial regulator, its main source of revenue during 2023 was sales to the Russian Federation, which amounted to USD 300.7 million. Georgia is in second place with sales of USD 34.8 million, Kazakhstan ranks third with USD 33.5 million, Belarus is fourth with USD 19.2 million, and Ukraine is the fifth place with USD 13.9 million.
The total assets of Borjomi Holding amount to USD 410 million.
