Akciju sabiedrība "Conexus Baltic Grid"Active
Key figures
Ratios
2025Balance sheet structure
Dividends
from the reportDividends paid 19 497 133 € (6% of equity at the end of the previous year).
Summary of financial statements2017–2025
| 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | |
|---|---|---|---|---|---|---|---|---|---|
| Balance sheet — assets | |||||||||
| Total current assets | 26 554 000 | 27 481 000 | 31 632 000 | 25 483 483 | 31 458 768 | 27 831 911 | 30 091 564 | 41 944 799 | 21 111 526 |
| Total non-current assets | 336 434 000 | 334 082 000 | 330 768 000 | 427 608 472 | 436 611 515 | 435 977 384 | 439 192 910 | 439 181 106 | 446 973 726 |
| Total assets | 362 988 000 | 361 563 000 | 362 400 000 | 453 091 955 | 468 070 283 | 463 809 295 | 469 284 474 | 481 125 905 | 468 085 252 |
| Balance sheet — liabilities and equity | |||||||||
| Current liabilities | 14 588 000 | 17 561 000 | 12 112 000 | 36 179 204 | 55 404 870 | 34 211 574 | 46 945 720 | 58 488 780 | 28 242 677 |
| Non-current liabilities | 36 943 000 | 33 175 000 | 33 453 000 | 11 235 588 | 78 886 971 | 94 885 289 | 92 090 569 | 88 511 308 | 101 704 534 |
| Total liabilities | 51 531 000 | 50 736 000 | 45 565 000 | 47 414 792 | 134 291 841 | 129 096 863 | 139 036 289 | 147 000 088 | 129 947 211 |
| Share capital | — | — | — | — | — | — | — | — | — |
| Retained earnings of previous periods | — | — | — | — | — | — | — | — | — |
| Profit for the year | 17 021 000 | 13 306 000 | 17 945 000 | 13 111 806 | 13 216 732 | 11 364 745 | 16 171 765 | 38 364 795 | 23 509 645 |
| Total equity | 310 417 000 | 309 766 000 | 315 721 000 | 404 648 669 | 332 404 307 | 333 360 664 | 328 916 708 | 332 701 450 | 336 575 231 |
| Income statement | |||||||||
| Sales revenue | 51 444 000 | 54 174 000 | 59 343 000 | 53 867 296 | 56 439 108 | 55 131 399 | 76 467 879 | 94 774 383 | 74 197 292 |
| Operating profit | 6 420 000 | 13 494 000 | 18 136 000 | 13 280 338 | 15 759 429 | 14 356 006 | 20 563 849 | 43 236 448 | 29 480 746 |
| EBITDA | 24 964 000 | 28 994 000 | 34 182 000 | 30 016 725 | 33 565 178 | 32 214 538 | 50 502 050 | 67 724 733 | 47 234 853 |
| Profit before income tax | 6 195 000 | 13 306 000 | 17 945 000 | 13 111 806 | 15 473 372 | 13 751 910 | 18 260 535 | 41 348 752 | 28 383 441 |
| Profit for the reporting year | 17 021 000 | 13 306 000 | 17 945 000 | 13 111 806 | 13 216 732 | 11 364 745 | 16 171 765 | 38 364 795 | 23 509 645 |
| Labour costs | 9 393 000 | 9 551 000 | 10 532 000 | 12 067 353 | 12 183 958 | 13 834 205 | 15 985 653 | 17 330 037 | 17 547 537 |
| Depreciation of non-current assets | 18 544 000 | 15 500 000 | 16 046 000 | 16 736 387 | 17 805 749 | 17 858 532 | 29 938 201 | 24 488 285 | 17 754 107 |
| Other indicators | |||||||||
| Employees | 356 | 350 | 343 | 341 | 352 | 356 | 361 | 361 | 365 |
| Calculated dividend | 0 | 13 851 000 | 11 887 000 | 16 312 297 | 84 483 032 | 9 514 014 | 8 331 270 | 11 942 924 | 19 497 133 |
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 "Conexus Baltic Grid"
Overview
Akciju sabiedrība "Conexus Baltic Grid" (reg. no. 40203041605) is a joint-stock company. The company was registered in 2017 and has been in the register for 9 years. Registered address: Rīga, Stigu iela 14.
Financial results
Revenue in 2025 was 74 197 292 €, down 21,7% on the previous year (94 774 383 €). From 2017 to 2025, revenue grew by an average of 4,7% per year. Net profit for 2025 was 23 509 645 € (31,7% of revenue). The company was profitable in all 9 published years. In 2025 the company had 365 employees (361 a year earlier). Revenue per employee was 203 280 €. At the end of 2025, total assets were 468 085 252 € and equity 336 575 231 € (71,9% of assets).
Management and owners
The board has 3 members.
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.