Akciju sabiedrība "Latvenergo"Active
Key figures
Ratios
2025Balance sheet structure
Dividends
from the reportDividends paid 187 516 000 € (6% of equity at the end of the previous year).
Summary of financial statements2008–2025
| 2008 | 2009 | 2011 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet — assets | ||||||||||||
| Total current assets | 204 949 643 | 237 376 466 | 302 853 865 | 1 072 321 000 | 434 285 000 | 1 066 229 000 | 382 643 000 | 581 388 000 | 776 695 000 | 750 655 000 | 748 595 000 | 684 256 000 |
| Total non-current assets | 1 475 618 051 | 1 462 114 164 | 1 840 603 511 | 3 343 404 000 | 3 364 534 000 | 2 798 712 000 | 2 976 192 000 | 2 894 502 000 | 3 078 635 000 | 3 377 267 000 | 3 689 511 000 | 4 283 263 000 |
| Total assets | 1 680 567 694 | 1 699 490 630 | 2 143 457 376 | 4 415 725 000 | 3 798 819 000 | 3 864 941 000 | 3 358 835 000 | 3 475 890 000 | 3 855 330 000 | 4 127 922 000 | 4 438 106 000 | 4 967 519 000 |
| Balance sheet — liabilities and equity | ||||||||||||
| Current liabilities | 128 147 632 | 110 928 878 | 198 197 654 | 335 192 000 | 295 315 000 | 522 646 000 | 256 317 000 | 427 985 000 | 644 715 000 | 344 781 000 | 476 114 000 | 399 485 000 |
| Non-current liabilities | 555 853 858 | 690 272 363 | 544 240 296 | 1 211 732 000 | 1 163 261 000 | 1 058 317 000 | 966 959 000 | 909 036 000 | 838 630 000 | 801 821 000 | 937 953 000 | 1 515 912 000 |
| Total liabilities | 684 001 490 | 801 201 241 | 742 437 950 | 1 546 924 000 | 1 458 576 000 | 1 580 963 000 | 1 223 276 000 | 1 337 021 000 | 1 483 345 000 | 1 146 602 000 | 1 414 067 000 | 1 915 397 000 |
| Share capital | — | — | — | — | — | — | — | — | — | — | — | — |
| Retained earnings of previous periods | — | — | — | — | — | — | — | — | — | — | — | — |
| Profit for the year | 11 037 153 | 19 369 381 | 658 499 229 | 322 021 000 | 75 955 000 | 94 359 000 | 116 309 000 | 71 623 000 | 183 874 000 | 350 917 000 | 273 651 000 | 198 809 000 |
| Total equity | 871 001 000 | 887 789 692 | 1 397 100 846 | 2 846 891 000 | 2 320 065 000 | 2 265 487 000 | 2 118 242 000 | 2 123 448 000 | 2 356 419 000 | 2 963 080 000 | 3 006 926 000 | 3 031 527 000 |
| Income statement | ||||||||||||
| Sales revenue | 475 855 751 | 500 512 923 | 700 913 823 | 925 627 000 | 878 008 000 | 841 636 000 | 773 391 000 | 1 065 219 000 | 1 841 801 000 | 2 034 425 000 | 1 703 588 000 | 1 566 107 000 |
| Operating profit | 18 980 628 | 32 102 468 | 666 335 016 | 234 082 000 | 95 762 000 | 100 365 000 | 121 350 000 | 81 890 000 | 193 961 000 | 404 596 000 | 337 556 000 | 256 810 000 |
| EBITDA | 107 687 783 | 145 541 289 | 767 475 175 | 541 696 000 | 321 582 000 | 243 526 000 | 277 894 000 | 198 813 000 | 360 209 000 | 601 769 000 | 588 368 000 | 440 059 000 |
| Profit before income tax | 7 084 318 | 24 826 286 | 658 880 886 | 224 114 000 | 88 513 000 | 92 072 000 | 112 699 000 | 74 930 000 | 184 545 000 | 388 529 000 | 329 529 000 | 248 159 000 |
| Profit for the reporting year | 11 037 153 | 19 369 381 | 658 499 229 | 322 021 000 | 75 955 000 | 94 359 000 | 116 309 000 | 71 623 000 | 183 874 000 | 350 917 000 | 273 651 000 | 198 809 000 |
| Labour costs | 72 750 155 | 60 601 396 | 21 453 893 | 113 289 000 | 103 934 000 | 101 515 000 | 106 238 000 | 106 614 000 | 118 492 000 | 144 343 000 | 157 235 000 | 160 107 000 |
| Depreciation of non-current assets | 88 707 155 | 113 438 821 | 101 140 159 | 307 614 000 | 225 820 000 | 143 161 000 | 156 544 000 | 116 923 000 | 166 248 000 | 197 173 000 | 250 812 000 | 183 249 000 |
| Other indicators | ||||||||||||
| Employees | 5378 | 4701 | 1323 | 3908 | 3508 | 3423 | 3295 | 3233 | 3154 | 3456 | 3495 | 3403 |
| Calculated dividend | 0 | 11 107 311 | 35 000 000 | 91 535 000 | 158 534 000 | 135 215 000 | 128 890 000 | 100 754 000 | 70 160 000 | 152 988 000 | 214 278 000 | 187 516 000 |
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: Akciju sabiedrība "Latvenergo"
Overview
Akciju sabiedrība "Latvenergo" (reg. no. 40003032949) is a joint-stock company. The company was registered in 1991 and has been in the register for 35 years. Registered address: Rīga, Pulkveža Brieža iela 12.
Financial results
Revenue in 2025 was 1 566 107 000 €, down 8,1% on the previous year (1 703 588 000 €). From 2008 to 2025, revenue grew by an average of 11,4% per year. Net profit for 2025 was 198 809 000 € (12,7% of revenue). The company was profitable in all 12 published years. In 2025 the company had 3403 employees (3495 a year earlier). Revenue per employee was 460 214 €. At the end of 2025, total assets were 4 967 519 000 € and equity 3 031 527 000 € (61,0% of assets).
Management and owners
The board has 5 members. The company holds stakes in 7 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 02.11.2026. The LEI code (213800DJRB539Q1EMW75) comes from the GLEIF database. Changes, averages and ratios are calculated by entity.lv from open data and are not an official assessment.