Latvia's most valuable enterprises

TOP 2024	TOP 2023	Company name	Value 2024	Value 2023	Change	Turnover 2023	EBITDA 2023	CorpGov Score	Industry
1	1	SWEDBANK BALTICS, AS ^{(K), 1}	4345.16	3397.58	28%	43389.0	4891.0	44	Financial services
2	2	LATVENERGO, AS ^(K)	4023.89	2912.41	38%	2034.4	590.1	95	Utility services
3	3	LATVIJAS VALSTS MEŽI, AS ^(K)	1657.36	2206.14	-25%	626.1	293.9	98	Extraction of natural resources
4	4	MIKROTĪKLS, SIA	991.70	1182.28	-16%	401.6	109.6	10	Manufacturing: industrial products
5	5	MAXIMA LATVIJA, SIA	815.77	646.70	26%	1073.4	100.5	30	Trade: consumer goods
6	6	AUGSTSPRIEGUMA TĪKLS, AS ^(K)	632.07	615.93	3%	234.5	43.9	89	Transmission and storage
7	11	SEB BANKA, AS ^(K)	589.58	447.62	32%	5605.2	611.5	85	Financial services
8	9	LATVIJAS MOBILAIS TELEFONS, SIA ^(K)	559.89	556.14	1%	310.3	91.1	47	IT and telecommunication services
9	14	CITADELE BANKA, AS ^(K)	506.77	374.67	35%	4863.3	515.4	96	Financial services
10	10	RIMI LATVIA, SIA	498.57	496.28	0%	1075.7	49.4	37	Trade: consumer goods
11	13	TELE2, SIA	424.95	386.87	10%	180.3	76.4	27	IT and telecommunication services
12	8	ELKO GRUPA, AS ^(K)	401.56	576.42	-30%	1061.1	26.7	27	Trade: consumer goods
13	12	TET, SIA ^(K)	380.62	429.32	-11%	295.8	53.6	53	IT and telecommunication services
14	17	GRINDEKS, AS ^(K)	380.22	318.04	20%	207.5	18.3	47	Manufacturing: consumer goods
15	15	LATVIJAS FINIERIS, AS ^(K)	364.70	359.18	2%	404.8	78.1	46	Manufacturing: industrial products
16	22	SMARTLYNX AIRLINES, SIA ^(K)	356.23	252.08	41%	496.7	120.7	22	Transportation, transit, logistics
17	21	RIETUMU BANKA, AS ^(K)	339.51	283.02	20%	1511.8	379.8	47	Financial services
18	18	VALSTS NEKUSTAMIE ĪPAŠUMI, VAS	326.43	310.14	5%	46.0	19.4	100	Real estate operations
19	20	BITE LATVIJA, SIA	318.93	294.45	8%	163.7	57.0	23	IT and telecommunication services
20	19	AIR BALTIC CORPORATION, AS ^(K)	309.85	299.82	3%	664.2	82.7	89	Transportation, transit, logistics
21	7	KRONOSPAN RIGA, SIA	257.84	613.58	-58%	238.8	15.3	25	Manufacturing: industrial products
22	41	DEPO DIY, SIA ^(K)	245.27	165.55	48%	553.2	39.6	13	Trade: consumer goods
23	29	ECO BALTIA, AS ^(K)	233.21	204.40	14%	218.4	28.6	68	Utility services
24	31	M257, SIA ²	221.40	199.27	11%	23.0	17.0	13	Real estate operations
25	27	LIGHT GUIDE OPTICS INTERNATIONAL, SIA ^(K)	215.73	218.63	-1%	53.7	22.1	8	Manufacturing: industrial products
26	37	SCHWENK LATVIJA, SIA	213.22	174.75	22%	146.2	36.1	39	Manufacturing: industrial products
27	23	KREISS, SIA	199.81	245.16	-18%	207.3	19.0	6	Transportation, transit, logistics
28	36	DOBELES DZIRNAVNIEKS, AS ^(K)	196.88	180.02	9%	246.1	29.6	22	Manufacturing: consumer goods
29	42	DELTA PROPERTY, SIA ³	194.93	154.44	26%	23.3	16.6	15	Real estate operations
30	39	DROGAS, AS	180.74	169.11	7%	106.3	20.6	31	Trade: consumer goods
31	45	DISCOVER CAR HIRE, AS	179.16	134.47	33%	68.0	18.8	19	IT and telecommunication services
32	35	RĪGAS SILTUMS, AS ^(K)	178.78	180.99	-1%	442.0	27.4	65	Utility services
33	34	CERAM OPTEC, SIA	169.33	184.48	-8%	52.9	16.2	10	Manufacturing: industrial products
34	-	GASO, AS ⁴	164.62	-	-	56.6	21.2	75	Utility services
35	-	EDGE AUTONOMY RIGA, SIA	153.48	-	-	80.0	36.3	8	Manufacturing: industrial products
36	53	KNAUF, SIA	151.48	122.90	23%	107.7	27.3	29	Manufacturing: industrial products
37	33	OPTIBET, SIA	150.26	186.29	-19%	38.6	19.1	8	Consumer services
38	47	FIRMA MADARA 89, SIA	141.85	130.29	9%	207.9	16.5	10	Trade: consumer goods
39	64	SIROWA GROUP, SIA ^(K)	140.13	93.12	50%	191.3	14.3	13	Trade: consumer goods
40	40	LATVIJAS LOTO, VAS ^(K)	139.18	167.96	-17%	92.1	16.7	95	Consumer services
41	77	BALTICOVO, AS	136.42	76.21	79%	123.0	28.4	24	Manufacturing: consumer goods
42	30	RĪGAS ŪDENS, SIA	134.40	199.62	-33%	76.4	20.1	100	Utility services
43	50	SANITEX, SIA ^(K)	133.84	126.81	6%	496.6	16.6	11	Trade: consumer goods
44	62	CLEANR GRUPA, AS ^(K)	129.32	97.30	33%	102.0	18.2	91	Utility services
45	58	CIRCLE K LATVIA, SIA	128.66	103.53	24%	576.0	20.9	18	Trade: energy carriers
46	57	NESTE LATVIJA, SIA	127.88	105.00	22%	485.7	16.1	35	Trade: energy carriers
47	-	DAUGAVPILS LOKOMOTĪVJU REMONTA RŪPNĪCA, AS ^(K)	123.48	-	%	29.6	4.1	19	Manufacturing: industrial products
48	46	TOLMETS, SIA ^(K)	122.32	132.78	-8%	275.5	14.9	21	Trade: industrial goods
49	38	LATVIJAS DZELZCEĻŠ, VAS ^(K)	115.31	171.26	-33%	263.5	10.1	80	Transportation, transit, logistics
50	-	SUN FINANCE GROUP, AS ^(K)	115.25	-	-	254.6	94.8	32	Financial services
51	67	BALTA, AAS	115.19	88.08	31%	200.2	80.4	56	Financial services
52	56	STIGA RM, SIA ^(K)	113.93	117.22	-3%	76.8	24.6	4	Manufacturing: industrial products
53	97	PEPCO LATVIA, SIA	113.12	66.97	69%	65.3	14.0	21	Trade: consumer goods
54	85	MOLLER BALTIC IMPORT, SE	111.77	73.50	52%	332.1	16.7	13	Trade: consumer goods
55	49	PRINTFUL LATVIA, AS ^{(K), 5}	108.59	127.21	-15%	83.7	10.5	10	Other commercial services
56	61	EVOLUTION LATVIA, SIA	107.13	99.48	8%	126.8	14.3	4	Other commercial services
57	81	BTA BALTIC INSURANCE COMPANY, AAS	106.41	75.58	41%	378.8	74.6	54	Financial services
58	48	C.T.CO, SIA	105.49	128.76	-18%	58.0	8.3	15	IT and telecommunication services
59	55	PULSAR OPTICS, SIA	105.18	121.89	-14%	72.0	9.7	13	Manufacturing: industrial products
60	60	ZABBIX, SIA ^(K)	102.55	100.56	2%	19.7	7.4	8	IT and telecommunication services
61	43	E. GULBJA LABORATORIJA, SIA	102.34	145.33	-30%	39.4	5.7	13	Health care
62	54	GREN LATVIJA, SIA	102.29	121.98	-16%	26.4	7.8	44	Utility services
63	73	PAUL MASON PROPERTIES, SIA	100.20	82.01	22%	93.6	13.0	10	Trade: consumer goods
64	66	VALMIERAS STIKLA ŠĶIEDRA, AS ^(K)	99.84	88.10	13%	135.7	16.1	43	Manufacturing: industrial products
65	-	4 FINANCE, AS	98.88	-	%	148.3	84.4	15	Financial services
66	24	AKZ, SIA	94.86	238.86	-60%	81.4	5.0	11	Manufacturing: industrial products
67	-	PICHE, SIA ^(K)	94.45	-	-	51.4	16.4	11	Construction
68	69	VIRŠI-A, AS ^{(K), 6}	92.03	85.94	7%	343.7	14.6	65	Trade: energy carriers
69	-	BR GROUP, SIA ^(K)	91.54	-	-	68.7	13.2	9	Consumer services
70	-	CHEMISPEC, SIA	90.94	-	-	73.0	19.0	10	Trade: industrial goods
71	95	PREMIER RESTAURANTS LATVIA, SIA	86.84	68.09	28%	77.2	7.9	35	Consumer services
72	80	LSREF3 RIGA PLAZA, SIA	86.25	75.93	14%	12.1	6.8	8	Real estate operations
73	70	EFTEN DOMINA, SIA	85.97	85.04	1%	12.8	6.6	8	Real estate operations
74	63	SAMSUNG ELECTRONICS BALTICS, SIA	85.11	95.72	-11%	486.1	12.2	21	Trade: consumer goods
75	76	TCK, SIA ⁷	84.25	76.57	10%	10.4	8.1	6	Other commercial services
76	84	BALCIA INSURANCE, SE	83.83	73.85	14%	189.0	59.5	48	Financial services
77	86	MEGO, SIA ^(K)	80.06	72.94	10%	203.5	9.0	8	Trade: consumer goods
78	75	EMTEKO, SIA	79.90	76.65	4%	47.6	8.2	10	Trade: consumer goods
79	28	GAUJAS KOKS, SIA	78.69	206.77	-62%	64.2	3.1	8	Manufacturing: industrial products
80	-	LINSTOW, SIA	78.48	-	%	11.0	6.7	22	Real estate operations
81	-	ENAMINE, SIA	78.05	-	-	46.8	15.8	4	Manufacturing: industrial products
82	-	STARPTAUTISKĀ LIDOSTA RĪGA, VAS	76.94	-	%	72.5	8.9	90	Transportation, transit, logistics
83	26	PATA, SIA ^(K)	76.41	230.69	-67%	230.9	0.0	21	Manufacturing: industrial products
84	-	BLUOR BANK, AS ^(K)	74.52	-	%	908.3	81.3	59	Financial services
85	100	CEĻU SATIKSMES DROŠĪBAS DIREKCIJA, VAS	73.65	65.61	12%	60.0	9.1	91	Other commercial services
86	79	AMBER LATVIJAS BALZAMS, AS ⁶	71.24	76.03	-6%	97.9	4.6	75	Manufacturing: consumer goods
87	93	HTTPOOL LATVIA, SIA	71.16	69.66	2%	22.4	8.7	8	IT and telecommunication services
88	-	STORENT HOLDING, AS ^{(K), 8}	70.43	-	%	42.7	13.3	79	Other commercial services
89	74	ORKLA LATVIJA, SIA ^(K)	70.36	79.93	-12%	114.9	9.2	25	Manufacturing: consumer goods
90	89	CĒSU ALUS, AS	70.09	71.10	-1%	102.2	8.1	34	Manufacturing: consumer goods
91	-	KESKO SENUKAI LATVIA, AS	69.98	-	%	192.2	10.8	8	Trade: consumer goods
92	-	CIDO GRUPA, SIA	69.55	-	%	85.9	9.0	24	Manufacturing: consumer goods
93	-	FORTIS VM, SIA ^(K)	68.10	-	-	130.6	9.7	13	Trade: consumer goods
94	-	LPP LATVIA LTD, SIA	67.76	-	-	53.7	7.1	8	Trade: consumer goods
95	83	LATVIJAS AUTOCEĻU UZTURĒTĀJS, AS	67.54	74.38	-9%	67.3	6.5	85	Construction
96	-	TAMRO, SIA	67.33	-	%	189.9	8.0	13	Trade: consumer goods
97	-	EAZYBI, AS	66.73	-	-	9.9	6.6	4	IT and telecommunication services
98	98	GETLIŅI EKO, SIA	65.50	66.81	-2%	48.9	7.1	98	Other commercial services
99	101	BALTIC CONTAINER TERMINAL, SIA	65.46	64.08	2%	19.8	10.5	8	Transportation, transit, logistics
100	-	INDEXO, IPAS ^{(K), 6}	64.27	-	-	16.1	13.1	90	Financial services
101	87	B-BUS, SIA ^(K)	62.95	72.61	-13%	37.0	6.4	25	Transportation, transit, logistics

(K) placed after company names indicates that consolidated annual reports were used in preparation for the TOP.

* TOP 101 presents enterprise value, except for banks, other credit institutions and insurance companies for which the respective colum presents equity value.

** For banks, other credit institutions and insurance companies, the column presents book value of total assets as at the end of 2023.

*** For banks, other credit institutions and insurance companies, the column presents book value of shareholders' equity as at the end of 2023.

¹SWEDBANK BALTICS, AS is a financial holding company for subsidiary banks in Estonia, Latvia and Lithuania. The company is not comparable to SWEDBANK, AS in previous TOPs.

²Real estate of the shopping center "Akropole Rīga".

³Real estate of the shopping center "Akropole Alfa".

⁴Has been spinned off LATVIJAS GĀZE, AS in 2023.

⁵PRINTFUL LATVIA, AS and under it consolidated daughter companies' valuation represents only a part of total "Printful" company value.

⁶Publicly traded companies' valuation is based on the share price and balance sheet snapshot on June 30th, 2024.

⁷Tārgale wind park.

⁸Comparable to STORENT INVESTMENTS, AS, whose statements do not include STORENT, SIA anymore due to restructuring.

TOP 101 - 2024
Latvia's most valuable enterprises
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