Novabev's WineLab plans to become public joint-stock co

MOSCOW. Nov 11 (Interfax) - JSC WineLab, the retail arm of the Novabev Group , one of Russia's biggest producers and distributors of alcoholic beverages, plans to become a public joint-stock company.

The company said in reporting for the first half of the year that its shareholders voted in favor of this at an extraordinary meeting. "It was also decided to increase the company's charter capital by issuing additional ordinary shares within the authorized share limit," it said.

The shareholders elected a board of directors at an EGM in October.

Charter capital is 544 million rubles. Shares have par value of 0.1 rubles each. WineLab is solely owned by Novabev Group. The company conducted a share split in April this year, as a result of which one shares with par value of 100 rubles was converted into 1,000 shares of the same category with par value of 0.1 rubles each.

The Novabev board of directors at the beginning of April decided in favor of a potential WineLab IPO in the medium term.

The network had 2,163 outlets at the end of September. It opened 122 since the start of the year.

Its net profit under International Financial Reporting Standards tripled year-on-year to 2.3 billion rubles in the first half of 2025 adjusted for a one-off financial gain of 890 million rubles and rose 80% to 1.4 billion rubles without this.

EBITDA grew nearly 90% to 6.3 billion rubles from 3.4 billion rubles as outlets "entered their maturity stage and e-commerce expanded." EBITDA rose 59% to 5.4 billion rubles without the one-off gain. The EBITDA margin rose to 13.3% from 8.9% a year previously, or to 11.4% without the one-off gain.

Sales revenue rose 24% to 47.7 billion rubles on 11.8% traffic growth and 9.7% average ticket growth.

WineLab is targeting an expansion to around 4,000 outlets by 2029, doubling revenue to around 200 billion rubles and increasing the loyal customer base to 13 million.