TOP 101 | Top101.lv

TOP 2025	TOP 2024	Company name	Value 2025	Value 2024	Change	Turnover 2024	EBITDA 2024	CorpGov Score	Industry
55	65	4 FINANCE, AS	122.7	98.9	24%	155.3	97.7	15	Financial services
10	20	AIR BALTIC CORPORATION, AS ^(K)	542.6	309.8	75%	746.0	123.0	95	Transportation, transit, logistics
73	66	AKZ, SIA	92.4	94.9	-3%	85.1	19.9	11	Manufacturing: industrial products
94	-	ALHOLD, SIA ^(K)	75.3	-	-	12.7	8.8	10	Trade: consumer goods
9	6	AUGSTSPRIEGUMA TĪKLS, AS ^(K)	607.7	632.1	-4%	258.6	36.5	80	Transmission and storage
75	76	BALCIA INSURANCE, SE	91.7	83.8	9%	189.5	62.2	48	Financial services
44	51	BALTA, AAS	145.7	115.2	26%	219.2	98.1	52	Financial services
97	99	BALTIC CONTAINER TERMINAL, SIA	71.8	65.5	10%	19.6	10.1	6	Transportation, transit, logistics
32	41	BALTICOVO, AS	170.3	136.4	25%	112.1	20.9	24	Manufacturing: consumer goods
15	19	BITE LATVIJA, SIA	399.6	318.9	25%	183.7	73.5	23	IT and telecommunication services
69	84	BLUOR BANK, AS ^(K)	98.5	74.5	32%	1033.2	90.4	62	Financial services
89	-	BOOKING GROUP CORPORATION, SIA	81.5	-	-	204.4	9.4	10	Other commercial services
60	69	BR GROUP, SIA ^(K)	113.6	91.5	24%	84.0	16.0	5	Consumer services
50	57	BTA BALTIC INSURANCE COMPANY, AAS	127.1	106.4	19%	433.0	85.2	54	Financial services
74	58	C.T.CO, SIA	91.7	105.5	-13%	54.4	7.3	15	IT and telecommunication services
54	33	CERAM OPTEC, SIA	123.8	169.3	-27%	57.0	12.6	0	Manufacturing: industrial products
95	90	CĒSU ALUS, AS	72.9	70.1	4%	101.1	8.3	39	Manufacturing: consumer goods
64	70	CHEMISPEC, SIA	107.3	90.9	18%	85.1	16.7	8	Trade: industrial goods
85	92	CIDO GRUPA, SIA	82.7	69.5	19%	90.4	7.1	23	Manufacturing: consumer goods
31	45	CIRCLE K LATVIA, SIA	178.1	128.7	38%	561.2	22.3	18	Trade: energy carriers
7	9	CITADELE BANKA, AS ^(K)	649.3	506.8	28%	5136.6	562.7	92	Financial services
43	44	CLEANR GRUPA, AS ^(K)	153	129.3	18%	121.1	20.2	91	Utility services
26	29	DELTA PROPERTY, SIA ³	201	194.9	3%	24.8	15.7	15	Real estate operations
16	22	DEPO DIY, SIA ^(K)	385.6	245.3	57%	605.2	40.0	13	Trade: consumer goods
25	31	DISCOVER CAR HIRE, AS	202.9	179.2	13%	71.4	20.0	13	IT and telecommunication services
86	-	DO IT, SIA	82.4	-	-	82.9	15.2	11	Trade: consumer goods
24	28	DOBELES DZIRNAVNIEKS, AS ^(K)	211	196.9	7%	248.7	25.5	24	Manufacturing: consumer goods
29	30	DROGAS, AS	185.3	180.7	3%	112.3	22.3	31	Trade: consumer goods
77	61	E. GULBJA LABORATORIJA, SIA	90.7	102.3	-11%	43.5	9.2	15	Health care
92	97	EAZYBI, AS	77.2	66.7	16%	11.1	8.2	4	IT and telecommunication services
20	23	ECO BALTIA, AS ^(K)	269.9	233.2	16%	261.5	37.0	63	Utility services
34	35	EDGE AUTONOMY RIGA, SIA	166.2	153.5	8%	68.3	18.5	10	Manufacturing: industrial products
81	73	EFTEN DOMINA, SIA	86.7	86	1%	13.2	7.2	8	Real estate operations
28	-	ELEVING GROUP ^{(K), 4}	194.7	-	-	476.3	108.1	64	Financial services
19	12	ELKO GRUPA, AS ^(K)	292.5	401.6	-27%	1056.1	31.1	27	Trade: consumer goods
59	78	EMTEKO, SIA	114.3	79.9	43%	71.0	17.1	10	Trade: consumer goods
84	-	EUROAPTIEKA FARMĀCIJA, SIA	83.9	-	%	67.0	5.0	20	Trade: consumer goods
58	56	EVOLUTION LATVIA, SIA	114.3	107.1	7%	134.9	14.0	10	Other commercial services
49	38	FIRMA MADARA 89, SIA	128.7	141.9	-9%	216.9	14.2	12	Trade: consumer goods
79	93	FORTIS VM, SIA ^(K)	90.1	68.1	32%	167.9	12.3	15	Trade: consumer goods
36	34	GASO, AS ⁵	163.1	164.6	-1%	67.6	34.0	89	Utility services
101	98	GETLIŅI EKO, SIA	68.6	65.5	5%	50.4	7.4	100	Other commercial services
82	62	GREN LATVIJA, SIA	84.5	102.3	-17%	23.7	10.2	51	Utility services
39	14	GRINDEKS, AS ^(K)	155.4	380.2	-59%	181.8	11.2	44	Manufacturing: consumer goods
68	91	KESKO SENUKAI LATVIA, AS	100.4	70	43%	207.0	9.5	10	Trade: consumer goods
38	36	KNAUF, SIA	161.5	151.5	7%	100.6	25.3	23	Manufacturing: industrial products
21	27	KREISS, SIA	266.4	199.8	33%	231.2	26.4	21	Transportation, transit, logistics
42	21	KRONOSPAN RIGA, SIA	153.2	257.8	-41%	225.7	21.3	25	Manufacturing: industrial products
53	-	LATGRAN, SIA	124.9	-	%	221.6	35.6	38	Manufacturing: energy carriers
2	2	LATVENERGO, AS ^(K)	4568.2	4023.9	14%	1703.6	565.0	91	Utility services
90	95	LATVIJAS AUTOCEĻU UZTURĒTĀJS, AS	80.6	67.5	19%	94.8	12.6	85	Construction
11	15	LATVIJAS FINIERIS, AS ^(K)	508.1	364.7	39%	409.0	80.6	46	Manufacturing: industrial products
33	40	LATVIJAS LOTO, VAS ^(K)	167.1	139.2	20%	100.4	17.0	95	Consumer services
98	-	LATVIJAS MAIZNIEKS, AS	71.4	-	-	71.1	10.7	15	Manufacturing: consumer goods
8	8	LATVIJAS MOBILAIS TELEFONS, SIA ^(K)	610.8	559.9	9%	308.6	94.5	52	IT and telecommunication services
3	3	LATVIJAS VALSTS MEŽI, AS ^(K)	1407.8	1657.4	-15%	586.4	223.5	100	Extraction of natural resources
27	25	LIGHT GUIDE OPTICS INTERNATIONAL, SIA ^(K)	197.8	215.7	-8%	57.0	24.3	6	Manufacturing: industrial products
71	80	LINSTOW, SIA	95.9	78.5	22%	11.0	8.2	24	Real estate operations
88	94	LPP LATVIA LTD, SIA	81.9	67.8	21%	58.2	9.6	0	Trade: consumer goods
80	72	LSREF3 RIGA PLAZA, SIA	87.4	86.2	1%	12.8	7.3	8	Real estate operations
22	24	M257, SIA ²	226.5	221.4	2%	24.4	18.0	15	Real estate operations
5	5	MAXIMA LATVIJA, SIA	820.3	815.8	1%	1101.7	91.7	31	Trade: consumer goods
4	4	MIKROTĪKLS, SIA	1184.2	991.7	19%	326.7	102.7	10	Manufacturing: industrial products
57	54	MOLLER BALTIC IMPORT, SE	114.5	111.8	2%	373.2	13.8	15	Trade: consumer goods
48	46	NESTE LATVIJA, SIA	129.3	127.9	1%	468.7	10.3	31	Trade: energy carriers
41	37	OPTIBET, SIA	153.6	150.3	2%	40.3	16.7	13	Consumer services
91	89	ORKLA LATVIJA, SIA ^(K)	77.6	70.4	10%	112.8	9.7	29	Manufacturing: consumer goods
51	63	PAUL MASON PROPERTIES, SIA	125.1	100.2	25%	89.7	13.5	10	Trade: consumer goods
46	53	PEPCO LATVIA, SIA	135.7	113.1	20%	65.6	14.3	15	Trade: consumer goods
56	67	PICHE, SIA ^(K)	118	94.4	25%	43.7	19.4	8	Construction
93	-	PINDSTRUP LATVIA, SIA ^(K)	75.7	-	%	87.1	12.0	8	Extraction of natural resources
83	71	PREMIER RESTAURANTS LATVIA, SIA	84.2	86.8	-3%	81.5	9.7	35	Consumer services
65	55	PRINTFUL LATVIA, AS ^{(K), 8}	103.9	108.6	-4%	88.8	9.1	10	Other commercial services
61	59	PULSAR OPTICS, SIA	112.9	105.2	7%	82.0	15.2	15	Manufacturing: industrial products
14	17	RIETUMU BANKA, AS ^(K)	407.5	339.5	20%	1376.1	374.0	62	Financial services
100	-	RIGA RETAIL PARK, SIA	68.7	-	-	9.0	5.9	6	Real estate operations
30	32	RĪGAS SILTUMS, AS ^(K)	180.2	178.8	1%	248.6	22.9	90	Utility services
40	42	RĪGAS ŪDENS, SIA	154.5	134.4	15%	76.3	21.7	100	Utility services
12	10	RIMI LATVIA, SIA	488.3	498.6	-2%	1125.6	56.1	37	Trade: consumer goods
66	74	SAMSUNG ELECTRONICS BALTICS, SIA	101.8	85.1	20%	489.6	11.9	23	Trade: consumer goods
35	43	SANITEX, SIA ^(K)	164.8	133.8	23%	529.4	17.8	13	Trade: consumer goods
23	26	SCHWENK LATVIJA, SIA	219.2	213.2	3%	139.1	31.5	39	Manufacturing: industrial products
6	7	SEB BANKA, AS ^(K)	749.1	589.6	27%	5928.2	662.1	81	Financial services
37	-	SEB LIFE AND PENSION BALTIC SE ⁶	163	-	-	701.2	99.9	48	Financial services
52	39	SIROWA GROUP, SIA ^(K)	125	140.1	-11%	180.4	10.2	15	Trade: consumer goods
62	82	STARPTAUTISKĀ LIDOSTA RĪGA, VAS	112.2	76.9	46%	77.6	11.0	90	Transportation, transit, logistics
45	-	STIGA RM PĀRVALDĪBA, AS ^{(K), 7}	138.7	-	-	96.8	21.1	13	Manufacturing: industrial products
67	88	STORENT HOLDING, AS ^{(K), 9}	100.4	70.4	43%	45.3	11.7	81	Other commercial services
1	1	SWEDBANK BALTICS, AS ^{(K), 1}	6031.5	4345.2	39%	48135.0	5696.0	48	Financial services
78	96	TAMRO, SIA	90.1	67.3	34%	199.6	10.2	9	Trade: consumer goods
72	75	TCK, SIA ¹⁰	93.4	84.2	11%	9.6	7.2	10	Other commercial services
13	11	TELE2, SIA	475.7	425	12%	180.0	80.7	22	IT and telecommunication services
17	13	TET, SIA ^(K)	362.6	380.6	-5%	321.4	51.3	61	IT and telecommunication services
96	-	TIRDZNIECĪBAS CENTRS PLESKODĀLE, SIA	71.8	-	%	15.7	10.2	10	Real estate operations
63	48	TOLMETS, SIA ^(K)	109.6	122.3	-10%	267.8	11.0	21	Trade: industrial goods
99	-	UPB, AS ^(K)	69.3	-	%	219.4	10.9	42	Construction
76	64	VALMIERAS STIKLA ŠĶIEDRA, AS ^(K)	90.8	99.8	-9%	136.4	12.0	16	Manufacturing: industrial products
18	18	VALSTS NEKUSTAMIE ĪPAŠUMI, VAS	307	326.4	-6%	50.8	19.7	100	Real estate operations
87	-	VIESNĪCA LATVIJA, AS	81.9	-	%	24.5	8.3	13	Consumer services
70	68	VIRŠI-A, AS ^{(K), 4}	97.5	92	6%	380.6	14.2	78	Trade: energy carriers
47	60	ZABBIX, SIA ^(K)	135.1	102.6	32%	22.6	11.0	10	IT and telecommunication services

(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 2024.

*** For banks, other credit institutions and insurance companies, the column presents book value of shareholders' equity as at the end of 2024.

¹ SWEDBANK 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.

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

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

⁴ Publicly traded companies' valuation is based on the share price and balance sheet snapshot on June 30th, 2025.

⁵ Has been spinned off LATVIJAS GĀZE, AS of 2023.

⁶ SEB LIFE AND PENSION BALTIC SE is not consolidated under SEB BANKA, AS and is valued separately.

⁷ Due to restructuring, STIGA RM PĀRVALDĪBA, AS has been valued this year. The company is not directly comparable to STIGA RM, SIA in previous TOPs.

⁸ PRINTFUL LATVIA, AS and under it consolidated daughter companies' valuation represents only a part of total "Printful" company value.

⁹Comparable to STORENT INVESTMENTS, AS, whose statements do not include STORENT, SIA anymore due to restructuring.

¹⁰Tārgale wind park.

TOP 101 - 2025
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