Akciju sabiedrība "Latvijas valsts meži"Active

40003466281Joint-stock companyFounded 1999

Key figures

604 784 512 €+3,1%

Revenue 2025

+7,7%

Average annual growth 2011–2025

Ratios

2025

34,2%

Profit margin

92,2%

Equity ratio

11×

Current ratio

24,4%

Return on equity

Balance sheet structure

Current assetsNon-current assetsLiabilitiesEquity

Dividends

from the report

2025

Dividends paid 111 002 179 € (15% of equity at the end of the previous year).

History

2025111 002 179 €

2024141 336 384 €

2023162 510 081 €

202271 380 295 €

202172 395 200 €

202060 852 400 €

201961 760 000 €

201838 220 000 €

201735 195 000 €

201652 614 921 €

201567 908 419 €

201454 426 133 €

201334 683 315 €

201251 600 000 €

201151 689 449 €

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	99 327 543	53 997 087	48 696 790	82 076 309	74 110 340	69 230 226	95 662 414	163 283 158	185 943 353	172 058 989	209 848 567	378 438 059	428 344 122	411 975 246	509 059 047
Total non-current assets	154 872 629	185 164 601	196 483 466	285 021 424	285 992 598	291 143 535	290 934 322	302 416 743	348 504 176	364 102 030	371 646 561	378 941 936	395 931 784	421 047 755	410 513 628
Total assets	254 200 172	239 161 688	245 180 256	367 097 733	360 102 938	360 373 761	386 596 736	465 699 901	534 447 529	536 161 019	581 495 128	757 379 995	824 275 906	833 023 001	919 572 675
Balance sheet — liabilities and equity
Current liabilities	12 241 541	10 362 699	8 777 251	11 851 034	12 060 197	20 776 826	23 368 824	28 744 593	32 530 517	33 512 679	36 327 543	44 057 287	49 031 951	49 577 250	45 157 909
Non-current liabilities	12 745	683 792	1 082 898	2 407 236	5 148 130	5 225 735	83 378	36 963	18 697 908	17 514 769	16 480 971	15 538 439	17 242 378	16 962 731	10 520 831
Total liabilities	12 254 286	11 046 491	9 860 149	14 258 270	17 208 327	26 002 561	23 452 202	28 781 556	51 228 425	51 027 448	52 808 514	59 595 726	66 274 329	66 539 981	55 678 740
Share capital	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Retained earnings of previous periods	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Profit for the year	50 975 809	38 549 905	42 517 538	75 453 799	59 300 125	50 613 764	65 348 516	109 891 043	105 017 137	62 385 913	111 531 711	242 227 825	220 948 052	150 128 940	206 601 739
Total equity	229 070 332	216 020 237	223 842 860	339 506 189	329 570 765	327 569 608	357 022 318	428 693 361	474 104 904	475 134 373	514 146 621	684 830 494	743 268 465	752 061 021	847 660 581
Income statement
Sales revenue	214 724 758	178 084 584	182 654 815	275 717 148	261 551 095	256 870 417	275 968 179	333 346 422	375 131 051	349 756 190	405 290 626	566 722 525	626 136 254	586 390 689	604 784 512
Operating profit	58 134 259	45 940 601	50 781 788	89 645 721	71 442 318	58 266 598	69 107 114	110 271 978	118 780 433	76 697 881	127 938 121	260 845 021	256 147 741	176 064 587	226 737 953
Profit before income tax	60 542 649	46 861 526	51 291 789	90 250 878	72 167 197	58 271 046	69 153 896	110 272 267	118 214 947	76 166 330	127 434 705	260 346 347	261 906 459	185 707 697	234 532 101
Profit for the reporting year	50 975 809	38 549 905	42 517 538	75 453 799	59 300 125	50 613 764	65 348 516	109 891 043	105 017 137	62 385 913	111 531 711	242 227 825	220 948 052	150 128 940	206 601 739
Labour costs	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Depreciation of non-current assets	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Other indicators
Employees	1137	1234	1257	1272	1233	1267	1298	1321	1358	1397	1432	1458	1497	1515	1457
Calculated dividend	51 689 449	51 600 000	34 683 315	54 426 133	67 908 419	52 614 921	35 195 000	38 220 000	61 760 000	60 852 400	72 395 200	71 380 295	162 510 081	141 336 384	111 002 179

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

SIA "GOSK LATVIA" — 100%
SIA "WALDEMARK" — 100%
Sabiedrība ar ierobežotu atbildību "Meža un koksnes produktu pētniecības un attīstības institūts" — 40,21%

Shared members or board members

Same registered address

Summary: Akciju sabiedrība "Latvijas valsts meži"

Overview

Akciju sabiedrība "Latvijas valsts meži" (reg. no. 40003466281) is a joint-stock company. The company was registered in 1999 and has been in the register for 27 years. Registered address: Rīga, Vaiņodes iela 1.

Financial results

Revenue in 2025 was 604 784 512 €, up 3,1% on the previous year (586 390 689 €). From 2011 to 2025, revenue grew by an average of 7,7% per year. Net profit for 2025 was 206 601 739 € (34,2% of revenue). The company was profitable in all 15 published years. In 2025 the company had 1457 employees (1515 a year earlier). Revenue per employee was 415 089 €. At the end of 2025, total assets were 919 572 675 € and equity 847 660 581 € (92,2% of assets).

Management and owners

The board has 3 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 02.11.2026. Changes, averages and ratios are calculated by entity.lv from open data and are not an official assessment.