Valsts akciju sabiedrība "Latvijas dzelzceļš"Active
Key figures
Ratios
2025Balance sheet structure
Dividends
from the reportNo dividends were paid.
Summary of financial statements2010–2025
| 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet — assets | ||||||||||||||||
| Total current assets | 72 784 304 | 96 961 552 | 100 393 848 | 74 965 000 | 137 598 000 | 75 720 000 | 40 785 662 | 112 352 000 | 128 359 000 | 109 519 000 | 128 172 000 | 136 207 000 | 134 350 000 | 115 983 000 | 121 713 000 | 86 858 000 |
| Total non-current assets | 348 482 153 | 396 704 092 | 444 424 611 | 528 777 000 | 834 434 000 | 939 064 000 | 873 013 208 | 898 383 000 | 863 137 000 | 836 493 000 | 775 064 000 | 730 699 000 | 719 279 000 | 728 682 000 | 670 059 000 | 690 711 000 |
| Total assets | 421 266 457 | 493 665 644 | 544 818 459 | 603 742 000 | 972 032 000 | 1 014 784 000 | 913 798 870 | 1 010 735 000 | 991 496 000 | 946 012 000 | 903 236 000 | 866 906 000 | 853 629 000 | 844 665 000 | 791 772 000 | 777 569 000 |
| Balance sheet — liabilities and equity | ||||||||||||||||
| Current liabilities | 71 837 332 | 90 895 165 | 95 633 929 | 93 629 000 | 167 628 000 | 134 997 000 | 78 953 979 | 122 525 000 | 121 249 000 | 112 589 000 | 92 768 000 | 92 931 000 | 106 393 000 | 107 908 000 | 96 982 000 | 84 177 000 |
| Non-current liabilities | 178 019 015 | 195 267 368 | 230 704 762 | 259 279 000 | 446 338 000 | 523 069 000 | 528 763 129 | 486 973 000 | 459 198 000 | 434 099 000 | 410 464 000 | 368 446 000 | 345 175 000 | 344 528 000 | 341 538 000 | 347 963 000 |
| Total liabilities | 249 856 347 | 286 162 533 | 326 338 691 | 352 908 000 | 613 966 000 | 658 066 000 | 607 717 108 | 609 498 000 | 580 447 000 | 546 688 000 | 503 232 000 | 461 377 000 | 451 568 000 | 452 436 000 | 438 520 000 | 432 140 000 |
| Share capital | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Retained earnings of previous periods | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Profit for the year | 1 488 026 | 19 098 381 | 25 811 762 | 2 445 000 | 1 161 000 | 583 000 | 880 998 | 31 177 000 | 14 408 000 | -9 328 000 | -35 515 000 | 3 909 000 | -2 368 000 | -3 231 000 | -38 977 000 | -7 823 000 |
| Total equity | 142 256 362 | 194 331 320 | 218 479 768 | 250 834 000 | 358 066 000 | 356 718 000 | 292 059 294 | 392 574 000 | 406 366 000 | 397 038 000 | 393 919 000 | 397 828 000 | 395 460 000 | 392 229 000 | 353 252 000 | 345 429 000 |
| Income statement | ||||||||||||||||
| Sales revenue | 257 443 067 | 318 773 284 | 333 997 393 | 308 552 000 | 440 898 000 | 420 163 000 | 192 572 239 | 318 638 000 | 365 044 000 | 337 645 000 | 253 866 000 | 249 177 000 | 254 788 000 | 263 529 000 | 233 738 000 | 201 189 000 |
| Operating profit | 3 853 633 | 23 981 279 | 29 916 803 | 4 625 000 | 5 859 000 | 6 480 000 | 3 894 573 | 802 000 | 16 189 000 | -6 409 000 | -33 898 000 | 7 181 000 | -305 000 | 3 243 000 | -35 073 000 | -5 620 000 |
| EBITDA | — | — | — | — | — | — | — | — | — | — | — | 67 594 000 | 60 583 000 | 57 878 000 | 51 035 000 | 40 697 000 |
| Profit before income tax | 2 174 406 | 21 571 661 | 28 380 686 | 3 123 000 | 3 528 000 | 4 283 000 | 6 290 902 | -1 157 000 | 15 153 000 | -8 314 000 | -36 124 000 | 5 308 000 | -2 108 000 | -1 214 000 | -39 438 000 | -8 096 000 |
| Profit for the reporting year | 1 488 026 | 19 098 381 | 25 811 762 | 2 445 000 | 1 161 000 | 583 000 | 880 998 | 31 177 000 | 14 408 000 | -9 328 000 | -35 515 000 | 3 909 000 | -2 368 000 | -3 231 000 | -38 977 000 | -7 823 000 |
| Labour costs | — | — | — | — | — | — | — | — | — | — | — | 134 824 000 | 124 314 000 | 133 961 000 | 133 171 000 | 118 676 000 |
| Depreciation of non-current assets | — | — | — | — | — | — | — | — | — | — | — | 60 413 000 | 60 888 000 | 54 635 000 | 86 108 000 | 46 317 000 |
| Other indicators | ||||||||||||||||
| Employees | 11 958 | 11 665 | 12 289 | 12 392 | 12 316 | 12 260 | 6808 | 11 189 | 10 400 | 10 155 | 8539 | 7151 | 6482 | 6219 | 5742 | 4959 |
| Calculated dividend | 342 920 | 0 | 0 | 0 | 0 | 1 931 000 | 0 | 0 | 616 000 | 0 | 26 000 | 0 | 0 | 0 | 0 | 0 |
A dash (—) means the report has not been filed or the line is not reported; 0 is a zero stated in the report.
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Summary: Valsts akciju sabiedrība "Latvijas dzelzceļš"
Overview
Valsts akciju sabiedrība "Latvijas dzelzceļš" (reg. no. 40003032065) is a joint-stock company. The company was registered in 1991 and has been in the register for 35 years. Registered address: Rīga, Emīlijas Benjamiņas iela 3.
Financial results
Revenue in 2025 was 201 189 000 €, down 13,9% on the previous year (233 738 000 €). From 2010 to 2025, revenue declined by an average of 1,6% per year. 2025 ended with a loss of 7 823 000 €. The company was profitable in 10 of the 16 published years. In 2025 the company had 4959 employees (5742 a year earlier). Revenue per employee was 40 570 €. At the end of 2025, total assets were 777 569 000 € and equity 345 429 000 € (44,4% of assets).
Management and owners
The board has 2 members. The company holds stakes in 3 active Latvian companies.
Data sources and freshness
Register data (name, address, legal form, board and owners) and annual report figures come from the open data of the Register of Enterprises of the Republic of Latvia (CC0); entity.lv updates them daily. Data as of 03.11.2026. Changes, averages and ratios are calculated by entity.lv from open data and are not an official assessment.