Sabiedrība ar ierobežotu atbildību "Tet"Active

40003052786Limited liability companyFounded 1992

Key figures

302 854 000 €-5,8%

Revenue 2025

+5,9%

Average annual growth 2011–2025

Ratios

2025

20,6%

EBITDA margin

6,8%

Profit margin

70,8%

Equity ratio

1,3×

Current ratio

8,0%

Return on equity

Balance sheet structure

Current assetsNon-current assetsLiabilitiesEquity

Dividends

from the report

2025

Dividends paid 30 197 000 € (11% of equity at the end of the previous year).

History

202530 197 000 €

20240 €

202324 056 000 €

202226 778 000 €

202129 717 000 €

202040 666 000 €

201932 165 000 €

201839 772 000 €

201731 398 582 €

201630 326 958 €

201528 803 000 €

201428 591 000 €

201319 915 000 €

201221 834 000 €

201119 241 000 €

Summary of financial statements2011–2025

	2011	2012	2013	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Balance sheet — assets
Total current assets	26 404 000	29 367 000	37 898 000	73 511 000	77 655 000	69 333 941	75 302 752	94 088 000	100 145 000	96 906 000	109 398 000	125 462 000	119 821 000	125 656 000	111 986 000
Total non-current assets	202 840 000	196 807 000	186 790 000	250 113 000	241 395 000	223 213 167	217 003 706	235 138 000	239 868 000	236 252 000	241 822 000	256 204 000	249 772 000	253 452 000	253 102 000
Total assets	229 244 000	226 174 000	224 688 000	323 624 000	319 050 000	292 547 108	292 306 458	329 226 000	340 013 000	333 158 000	351 220 000	381 666 000	369 593 000	379 108 000	365 088 000
Balance sheet — liabilities and equity
Current liabilities	34 442 000	33 272 000	34 089 000	51 631 000	45 823 000	35 069 974	34 375 348	49 432 000	52 115 000	54 810 000	70 483 000	89 506 000	93 676 000	91 352 000	86 447 000
Non-current liabilities	10 624 000	8 577 000	7 374 000	11 460 000	10 884 000	11 203 683	4 897 293	4 414 000	8 842 000	10 064 000	13 477 000	26 059 000	18 566 000	19 702 000	20 170 000
Total liabilities	45 066 000	41 849 000	41 463 000	63 091 000	56 707 000	46 273 657	39 272 641	53 846 000	60 957 000	64 874 000	83 960 000	115 565 000	112 242 000	111 054 000	106 617 000
Share capital	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Retained earnings of previous periods	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Profit for the year	20 804 000	22 006 000	19 784 000	30 079 000	32 150 000	31 666 194	39 772 122	41 778 000	36 202 000	30 389 000	28 852 000	25 779 000	15 226 000	18 027 000	20 587 000
Total equity	184 178 000	184 325 000	183 225 000	260 533 000	262 343 000	239 457 791	247 695 804	275 380 000	279 056 000	268 284 000	267 260 000	266 101 000	257 351 000	268 054 000	258 471 000
Income statement
Sales revenue	135 834 000	147 103 000	132 275 000	188 014 000	187 071 000	162 164 727	173 850 869	211 943 000	227 603 000	222 644 000	253 253 000	326 656 000	295 753 000	321 365 000	302 854 000
Operating profit	16 860 000	18 837 000	18 549 000	30 222 000	31 511 000	28 539 131	28 005 614	34 619 000	35 323 000	35 236 000	31 101 000	27 889 000	16 204 000	9 903 000	20 054 000
EBITDA	48 715 000	49 362 000	47 836 000	70 646 000	70 425 000	66 038 030	67 832 156	67 587 000	67 768 000	67 514 000	63 389 000	61 986 000	53 503 000	50 164 000	62 390 000
Profit before income tax	23 232 000	25 003 000	22 708 000	36 050 000	37 441 000	36 247 640	38 813 703	41 778 000	41 785 000	41 343 000	38 957 000	34 856 000	22 158 000	16 834 000	27 758 000
Profit for the reporting year	20 804 000	22 006 000	19 784 000	30 079 000	32 150 000	31 666 194	39 772 122	41 778 000	36 202 000	30 389 000	28 852 000	25 779 000	15 226 000	18 027 000	20 587 000
Labour costs	33 314 000	32 631 000	33 638 000	45 337 000	42 636 000	31 163 020	35 040 562	43 659 000	44 964 000	45 093 000	43 194 000	47 038 000	52 145 000	54 313 000	52 189 000
Depreciation of non-current assets	31 855 000	30 525 000	29 287 000	40 424 000	38 914 000	37 498 899	39 826 542	32 968 000	32 445 000	32 278 000	32 288 000	34 097 000	37 299 000	40 261 000	42 336 000
Other indicators
Employees	2275	2113	2057	1935	1957	1215	1332	1760	1760	1618	1674	1747	1761	1670	1541
Calculated dividend	19 241 000	21 834 000	19 915 000	28 591 000	28 803 000	30 326 958	31 398 582	39 772 000	32 165 000	40 666 000	29 717 000	26 778 000	24 056 000	0	30 197 000

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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Related companies

Companies in which this company is a member

Sabiedrība ar ierobežotu atbildību "Citrus Solutions" — 100%
Sabiedrība ar ierobežotu atbildību "Lattelecom" — 100%
"Latvijas Mobilais Telefons" SIA — 23%

Shared members or board members

FRMN SIA

Same registered address

Summary: Sabiedrība ar ierobežotu atbildību "Tet"

Overview

Sabiedrība ar ierobežotu atbildību "Tet" (reg. no. 40003052786) is a limited liability company. The company was registered in 1992 and has been in the register for 34 years. Registered address: Rīga, Dzirnavu iela 105.

Financial results

Revenue in 2025 was 302 854 000 €, down 5,8% on the previous year (321 365 000 €). From 2011 to 2025, revenue grew by an average of 5,9% per year. Net profit for 2025 was 20 587 000 € (6,8% of revenue). The company was profitable in all 15 published years. In 2025 the company had 1541 employees (1670 a year earlier). Revenue per employee was 196 531 €. At the end of 2025, total assets were 365 088 000 € and equity 258 471 000 € (70,8% of assets).

Management and owners

The board has 4 members. According to the register, the company has 2 owners. The largest stake (51%) is held by Latvijas Republika. 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 02.11.2026. The LEI code (213800HNB8DBFIACDP23) comes from the GLEIF database. Changes, averages and ratios are calculated by entity.lv from open data and are not an official assessment.