Air Baltic Corporation ASActive

40003245752Joint-stock companyFounded 1995

Key figures

778 997 000 €+4,4%

Revenue 2025

+8,2%

Average annual growth 2008–2025

Ratios

2025

24,6%

EBITDA margin

-5,7%

Profit margin

-12,3%

Equity ratio

0,3×

Current ratio

Balance sheet structure

Current assetsNon-current assetsLiabilitiesEquity

Summary of financial statements2008–2025

	2008	2009	2010	2011	2012	2013	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Balance sheet — assets
Total current assets	24 596 000	31 243 000	20 292 000	27 271 000	32 481 000	32 893 000	42 157 000	35 485 000	76 980 000	49 153 609	36 838 000	177 653 000	199 911 000	155 167 000	102 250 000	112 089 000	136 081 000	128 572 000
Total non-current assets	35 987 000	35 036 000	37 633 000	52 755 000	60 214 000	59 740 000	86 176 000	85 022 000	210 890 000	341 097 512	533 681 000	793 583 000	741 130 000	870 075 000	1 056 672 000	1 212 618 000	1 279 700 000	1 367 420 000
Total assets	60 583 000	66 279 000	57 925 000	80 026 000	92 695 000	92 633 000	128 333 000	120 507 000	287 870 000	390 251 121	570 519 000	971 236 000	941 041 000	1 025 242 000	1 158 922 000	1 324 707 000	1 415 781 000	1 495 992 000
Balance sheet — liabilities and equity
Current liabilities	78 439 000	73 435 000	64 432 000	105 195 000	89 087 000	103 385 000	75 710 000	68 696 000	60 668 000	75 830 191	115 343 000	161 748 000	131 110 000	206 123 000	235 058 000	492 060 000	352 500 000	473 598 000
Non-current liabilities	975 000	1 852 000	13 325 000	46 266 000	82 033 000	81 181 000	177 869 000	94 289 000	142 673 000	238 212 195	382 475 000	755 824 000	738 189 000	901 616 000	974 420 000	853 096 000	1 198 829 000	1 174 976 000
Total liabilities	79 414 000	75 287 000	77 757 000	151 461 000	171 120 000	184 566 000	253 579 000	162 985 000	203 341 000	314 042 386	497 818 000	917 572 000	869 299 000	1 107 739 000	1 209 478 000	1 345 156 000	1 551 329 000	1 648 574 000
Share capital	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Retained earnings of previous periods	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Profit for the year	-26 678 000	11 133 000	-35 909 000	-84 761 000	-19 117 000	961 000	7 705 000	16 008 000	120 000	4 648 778	5 378 000	-9 114 000	-264 597 000	-135 718 000	-54 219 000	33 652 000	-118 159 000	-44 337 000
Total equity	-18 831 000	-9 008 000	-19 832 000	-105 616 000	-125 145 000	-124 570 000	-168 820 000	-71 173 000	59 624 000	49 304 156	52 178 000	33 912 000	17 039 000	-118 311 000	-81 984 000	-48 307 000	-165 342 000	-183 638 000
Income statement
Sales revenue	202 753 000	206 800 000	204 402 000	202 419 000	194 710 000	195 946 000	254 180 000	235 386 000	249 832 000	302 113 319	400 363 000	502 255 000	138 921 000	198 259 000	495 455 000	664 186 000	745 953 000	778 997 000
Operating profit	-29 437 000	15 253 000	-37 730 000	-78 057 000	-16 916 000	1 497 000	14 573 000	25 789 000	8 760 000	18 532 430	26 929 000	33 988 000	-213 249 000	-82 824 000	6 625 000	97 002 000	-26 237 000	61 208 000
EBITDA	-27 601 000	18 305 000	-34 841 000	-74 848 000	-14 022 000	5 399 000	20 673 000	32 735 000	15 733 000	35 488 916	54 201 000	104 926 000	-75 734 000	-31 220 000	80 905 000	188 072 000	125 948 000	191 571 000
Profit before income tax	-30 380 000	13 248 000	-41 192 000	-95 341 000	-21 810 000	2 103 000	10 610 000	20 375 000	2 131 000	4 648 778	5 378 000	-7 238 000	-262 868 000	-134 190 000	-52 224 000	33 669 000	-118 166 000	-44 335 000
Profit for the reporting year	-26 678 000	11 133 000	-35 909 000	-84 761 000	-19 117 000	961 000	7 705 000	16 008 000	120 000	4 648 778	5 378 000	-9 114 000	-264 597 000	-135 718 000	-54 219 000	33 652 000	-118 159 000	-44 337 000
Labour costs	26 743 000	21 891 000	18 737 000	21 602 000	32 958 000	29 157 000	38 077 000	37 475 000	41 914 000	34 935 936	38 886 000	74 535 000	58 009 000	51 830 000	76 704 000	107 249 000	131 358 000	153 242 000
Depreciation of non-current assets	1 836 000	3 052 000	2 889 000	3 209 000	2 894 000	3 902 000	6 100 000	6 946 000	6 973 000	16 956 486	27 272 000	70 938 000	137 515 000	51 604 000	74 280 000	91 070 000	152 185 000	130 363 000
Other indicators
Employees	1191	1042	1114	1187	1302	1252	1269	1118	1256	1088	1169	1663	1331	1377	1851	2531	2656	2841
Calculated dividend	0	0	0	0	0	0	0	0	0	0	0	0	0	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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Related companies

Companies in which this company is a member

"Air Baltic Training", SIA — 100%
"BALTIJAS KRAVU CENTRS" SIA — 100%

Shared members or board members

Sabiedrība ar ierobežotu atbildību "NRLT"

Summary: Air Baltic Corporation AS

Overview

Air Baltic Corporation AS (reg. no. 40003245752) is a joint-stock company. The company was registered in 1995 and has been in the register for 31 years. Registered address: Mārupes nov., Mārupes pag., Lidosta "Rīga", Tehnikas iela 3.

Financial results

Revenue in 2025 was 778 997 000 €, up 4,4% on the previous year (745 953 000 €). From 2008 to 2025, revenue grew by an average of 8,2% per year. This is the company's highest revenue among the published years (2008–2025). 2025 ended with a loss of 44 337 000 €. The company was profitable in 8 of the 18 published years. In 2025 the company had 2841 employees (2656 a year earlier). Revenue per employee was 274 198 €.

Management and owners

The board has 2 members. The company holds stakes in 2 active Latvian companies.

Points to note

Equity was negative at the end of 2025 (-183 638 000 €).

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 (213800JVURXEAA48FV35) comes from the GLEIF database. Changes, averages and ratios are calculated by entity.lv from open data and are not an official assessment.