AS "Riga Airport Commercial Development"Active

40103345497Joint-stock companyFounded 2010

Key figures

34 333 145 €+4,5%
Revenue 2025
+7,0%
Average annual growth 2012–2025
010 m20 m30 m40 m’12’13’14’15’16’17’18’19’20’21’22’23’24’25

Ratios

2025
Balance sheet structure
Current assetsNon-current assetsLiabilitiesEquity
02,5 m5 m7,5 m’12’13’14’15’16’17’18’19’20’21’22’23’24’25

Dividends

from the report
2025

No dividends were paid.

History
20250 €
20241 500 000 €
20232 000 000 €
20220 €
20210 €
20201 000 000 €
20191 200 000 €
20183 726 179 €
20172 323 175 €
20162 300 000 €
20151 000 000 €
20140 €
20130 €
20120 €
Summary of financial statements2012–2025
20122013201420152016201720182019202020212022202320242025
Balance sheet — assets
Total current assets2 490 7562 689 1043 919 6813 975 4424 090 4274 356 9684 827 9066 159 5824 417 8493 206 0045 816 0504 870 1224 219 1746 468 358
Total non-current assets1 737 0811 977 7112 745 4452 801 2202 925 7022 662 3731 714 6151 209 721527 432496 319635 590974 001874 690461 383
Total assets4 227 8374 666 8156 665 1266 776 6627 016 1297 019 3416 542 5217 369 3034 945 2813 702 3236 451 6405 844 1235 093 8646 929 741
Balance sheet — liabilities and equity
Current liabilities1 909 2421 797 0821 606 0421 691 5402 250 3512 770 2993 272 8782 809 7683 665 9502 667 0342 810 7892 649 8462 699 5013 613 294
Non-current liabilities1 494 3431 136 800735 08535 08535 08596 000100 31390 33070 59563 71094 58278 16688 1920
Total liabilities3 403 5852 933 8822 341 1271 726 6252 285 4362 866 2993 373 1912 900 0983 736 5452 730 7442 905 3712 728 0122 787 6933 613 294
Share capital——————————————
Retained earnings of previous periods——————————————
Profit for the year1 061 812908 6811 858 2571 726 0381 980 6561 745 5242 742 4672 499 875-2 260 469-237 1572 574 6901 569 842690 0601 010 280
Total equity824 2521 732 9334 323 9995 050 0374 730 6934 153 0423 169 3304 469 2051 208 736971 5793 546 2693 116 1112 306 1713 316 447
Income statement
Sales revenue14 273 52614 324 98621 111 38522 668 39523 304 30825 105 16727 592 64329 765 9029 583 10511 549 72125 578 11630 516 52732 864 79734 333 145
Operating profit1 424 0131 273 9532 353 2822 207 1312 430 2132 276 7692 898 3652 952 881-1 928 574-164 2132 710 6322 268 2451 272 0341 199 628
Profit before income tax1 294 5171 120 9212 159 7082 054 6492 324 1702 068 9282 753 5652 805 744-1 987 613-232 1242 584 4692 081 9701 084 0891 024 953
Profit for the reporting year1 061 812908 6811 858 2571 726 0381 980 6561 745 5242 742 4672 499 875-2 260 469-237 1572 574 6901 569 842690 0601 010 280
Labour costs——————————————
Depreciation of non-current assets——————————————
Other indicators
Employees90102140148141148180182125117166180190194
Calculated dividend0001 000 0002 300 0002 323 1753 726 1791 200 0001 000 000002 000 0001 500 0000

A dash (—) means the report has not been filed or the line is not reported; 0 is a zero stated in the report.

Connections graph
AS "Riga Airport Comm…Arcan Ismet Ersan
CompanyPersonShareholderOther roleAdditional link

Summary: AS "Riga Airport Commercial Development"

Overview

AS "Riga Airport Commercial Development" (reg. no. 40103345497) is a joint-stock company. The company was registered in 2010 and has been in the register for 15 years. Registered address: Mārupes nov., Mārupes pag., Lidosta "Rīga", "Lidosta "Rīga" 10/1".

Financial results

Revenue in 2025 was 34 333 145 €, up 4,5% on the previous year (32 864 797 €). From 2012 to 2025, revenue grew by an average of 7,0% per year. This is the company's highest revenue among the published years (2012–2025). Net profit for 2025 was 1 010 280 € (2,9% of revenue). The company was profitable in 12 of the 14 published years. In 2025 the company had 194 employees (190 a year earlier). Revenue per employee was 176 975 €. At the end of 2025, total assets were 6 929 741 € and equity 3 316 447 € (47,9% of assets).

Management and owners

The company has one board member.

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.