TOP 101 - 2024
Latvia's most valuable enterprises
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TOP 2024 TOP 2023 Company name Value 2024 Value 2023 Change Turnover 2023 EBITDA 2023 CorpGov Score   Industry
101 87 B-BUS, SIA (K) 63 72.6 -13% 37.0 6.4 25 lv Transportation, transit, logistics
100 - INDEXO, IPAS (K), 6 64.3 - - 16.1 13.1 90 lv Financial services
99 101 BALTIC CONTAINER TERMINAL, SIA 65.5 64.1 2% 19.8 10.5 8 Transportation, transit, logistics
98 98 GETLIŅI EKO, SIA 65.5 66.8 -2% 48.9 7.1 98 lv Other commercial services
96 - TAMRO, SIA 67.3 - % 189.9 8.0 13 Trade: consumer goods
97 - EAZYBI, AS 66.7 - - 9.9 6.6 4 lv IT and telecommunication services
93 - FORTIS VM, SIA (K) 68.1 - - 130.6 9.7 13 lv Trade: consumer goods
94 - LPP LATVIA LTD, SIA 67.8 - - 53.7 7.1 8 Trade: consumer goods
95 83 LATVIJAS AUTOCEĻU UZTURĒTĀJS, AS 67.5 74.4 -9% 67.3 6.5 85 lv Construction
88 - STORENT HOLDING, AS (K), 8 70.4 - % 42.7 13.3 79 lv Other commercial services
89 74 ORKLA LATVIJA, SIA (K) 70.4 79.9 -12% 114.9 9.2 25 Manufacturing: consumer goods
90 89 CĒSU ALUS, AS 70.1 71.1 -1% 102.2 8.1 34 Manufacturing: consumer goods
91 - KESKO SENUKAI LATVIA, AS 70 - % 192.2 10.8 8 Trade: consumer goods
92 - CIDO GRUPA, SIA 69.6 - % 85.9 9.0 24 Manufacturing: consumer goods
86 79 AMBER LATVIJAS BALZAMS, AS 6 71.2 76 -6% 97.9 4.6 75 Manufacturing: consumer goods
87 93 HTTPOOL LATVIA, SIA 71.2 69.7 2% 22.4 8.7 8 IT and telecommunication services
85 100 CEĻU SATIKSMES DROŠĪBAS DIREKCIJA, VAS 73.7 65.6 12% 60.0 9.1 91 lv Other commercial services
84 - BLUOR BANK, AS (K) 74.5 - % 908.3 81.3 59 lv Financial services
83 26 PATA, SIA (K) 76.4 230.7 -67% 230.9 0.0 21 lv Manufacturing: industrial products
82 - STARPTAUTISKĀ LIDOSTA RĪGA, VAS 76.9 - % 72.5 8.9 90 lv Transportation, transit, logistics
80 - LINSTOW, SIA 78.5 - % 11.0 6.7 22 Real estate operations
81 - ENAMINE, SIA 78.1 - - 46.8 15.8 4 lv Manufacturing: industrial products
79 28 GAUJAS KOKS, SIA 78.7 206.8 -62% 64.2 3.1 8 lv Manufacturing: industrial products
77 86 MEGO, SIA (K) 80.1 72.9 10% 203.5 9.0 8 lv Trade: consumer goods
78 75 EMTEKO, SIA 79.9 76.7 4% 47.6 8.2 10 Trade: consumer goods
75 76 TCK, SIA 7 84.3 76.6 10% 10.4 8.1 6 Other commercial services
76 84 BALCIA INSURANCE, SE 83.8 73.9 14% 189.0 59.5 48 lv Financial services
74 63 SAMSUNG ELECTRONICS BALTICS, SIA 85.1 95.7 -11% 486.1 12.2 21 Trade: consumer goods
72 80 LSREF3 RIGA PLAZA, SIA 86.3 75.9 14% 12.1 6.8 8 Real estate operations
73 70 EFTEN DOMINA, SIA 86 85 1% 12.8 6.6 8 Real estate operations
71 95 PREMIER RESTAURANTS LATVIA, SIA 86.8 68.1 28% 77.2 7.9 35 Consumer services
70 - CHEMISPEC, SIA 90.9 - - 73.0 19.0 10 lv Trade: industrial goods
68 69 VIRŠI-A, AS (K), 6 92 85.9 7% 343.7 14.6 65 lv Trade: energy carriers
69 - BR GROUP, SIA (K) 91.5 - - 68.7 13.2 9 lv Consumer services
67 - PICHE, SIA (K) 94.5 - - 51.4 16.4 11 lv Construction
66 24 AKZ, SIA 94.9 238.9 -60% 81.4 5.0 11 lv Manufacturing: industrial products
65 - 4 FINANCE, AS 98.9 - % 148.3 84.4 15 lv Financial services
63 73 PAUL MASON PROPERTIES, SIA 100.2 82 22% 93.6 13.0 10 Trade: consumer goods
64 66 VALMIERAS STIKLA ŠĶIEDRA, AS (K) 99.8 88.1 13% 135.7 16.1 43 Manufacturing: industrial products
61 43 E. GULBJA LABORATORIJA, SIA 102.3 145.3 -30% 39.4 5.7 13 lv Health care
62 54 GREN LATVIJA, SIA 102.3 122 -16% 26.4 7.8 44 Utility services
60 60 ZABBIX, SIA (K) 102.6 100.6 2% 19.7 7.4 8 lv IT and telecommunication services
58 48 C.T.CO, SIA 105.5 128.8 -18% 58.0 8.3 15 IT and telecommunication services
59 55 PULSAR OPTICS, SIA 105.2 121.9 -14% 72.0 9.7 13 Manufacturing: industrial products
57 81 BTA BALTIC INSURANCE COMPANY, AAS 106.4 75.6 41% 378.8 74.6 54 Financial services
56 61 EVOLUTION LATVIA, SIA 107.1 99.5 8% 126.8 14.3 4 Other commercial services
55 49 PRINTFUL LATVIA, AS (K), 5 108.6 127.2 -15% 83.7 10.5 10 lv Other commercial services
54 85 MOLLER BALTIC IMPORT, SE 111.8 73.5 52% 332.1 16.7 13 Trade: consumer goods
53 97 PEPCO LATVIA, SIA 113.1 67 69% 65.3 14.0 21 Trade: consumer goods
52 56 STIGA RM, SIA (K) 113.9 117.2 -3% 76.8 24.6 4 lv Manufacturing: industrial products
49 38 LATVIJAS DZELZCEĻŠ, VAS (K) 115.3 171.3 -33% 263.5 10.1 80 lv Transportation, transit, logistics
50 - SUN FINANCE GROUP, AS (K) 115.3 - - 254.6 94.8 32 lv Financial services
51 67 BALTA, AAS 115.2 88.1 31% 200.2 80.4 56 Financial services
48 46 TOLMETS, SIA (K) 122.3 132.8 -8% 275.5 14.9 21 lv Trade: industrial goods
47 - DAUGAVPILS LOKOMOTĪVJU REMONTA RŪPNĪCA, AS (K) 123.5 - % 29.6 4.1 19 Manufacturing: industrial products
46 57 NESTE LATVIJA, SIA 127.9 105 22% 485.7 16.1 35 Trade: energy carriers
44 62 CLEANR GRUPA, AS (K) 129.3 97.3 33% 102.0 18.2 91 lv Utility services
45 58 CIRCLE K LATVIA, SIA 128.7 103.5 24% 576.0 20.9 18 Trade: energy carriers
42 30 RĪGAS ŪDENS, SIA 134.4 199.6 -33% 76.4 20.1 100 lv Utility services
43 50 SANITEX, SIA (K) 133.8 126.8 6% 496.6 16.6 11 Trade: consumer goods
41 77 BALTICOVO, AS 136.4 76.2 79% 123.0 28.4 24 lv Manufacturing: consumer goods
40 40 LATVIJAS LOTO, VAS (K) 139.2 168 -17% 92.1 16.7 95 lv Consumer services
39 64 SIROWA GROUP, SIA (K) 140.1 93.1 50% 191.3 14.3 13 Trade: consumer goods
38 47 FIRMA MADARA 89, SIA 141.9 130.3 9% 207.9 16.5 10 lv Trade: consumer goods
37 33 OPTIBET, SIA 150.3 186.3 -19% 38.6 19.1 8 Consumer services
36 53 KNAUF, SIA 151.5 122.9 23% 107.7 27.3 29 Manufacturing: industrial products
35 - EDGE AUTONOMY RIGA, SIA 153.5 - - 80.0 36.3 8 Manufacturing: industrial products
34 - GASO, AS 4 164.6 - - 56.6 21.2 75 Utility services
33 34 CERAM OPTEC, SIA 169.3 184.5 -8% 52.9 16.2 10 Manufacturing: industrial products
31 45 DISCOVER CAR HIRE, AS 179.2 134.5 33% 68.0 18.8 19 lv IT and telecommunication services
32 35 RĪGAS SILTUMS, AS (K) 178.8 181 -1% 442.0 27.4 65 lv Utility services
30 39 DROGAS, AS 180.7 169.1 7% 106.3 20.6 31 Trade: consumer goods
29 42 DELTA PROPERTY, SIA 3 194.9 154.4 26% 23.3 16.6 15 Real estate operations
28 36 DOBELES DZIRNAVNIEKS, AS (K) 196.9 180 9% 246.1 29.6 22 Manufacturing: consumer goods
27 23 KREISS, SIA 199.8 245.2 -18% 207.3 19.0 6 lv Transportation, transit, logistics
26 37 SCHWENK LATVIJA, SIA 213.2 174.8 22% 146.2 36.1 39 Manufacturing: industrial products
25 27 LIGHT GUIDE OPTICS INTERNATIONAL, SIA (K) 215.7 218.6 -1% 53.7 22.1 8 lv Manufacturing: industrial products
24 31 M257, SIA 2 221.4 199.3 11% 23.0 17.0 13 Real estate operations
23 29 ECO BALTIA, AS (K) 233.2 204.4 14% 218.4 28.6 68 Utility services
22 41 DEPO DIY, SIA (K) 245.3 165.6 48% 553.2 39.6 13 lv Trade: consumer goods
21 7 KRONOSPAN RIGA, SIA 257.8 613.6 -58% 238.8 15.3 25 Manufacturing: industrial products
20 19 AIR BALTIC CORPORATION, AS (K) 309.9 299.8 3% 664.2 82.7 89 lv Transportation, transit, logistics
19 20 BITE LATVIJA, SIA 318.9 294.5 8% 163.7 57.0 23 IT and telecommunication services
18 18 VALSTS NEKUSTAMIE ĪPAŠUMI, VAS 326.4 310.1 5% 46.0 19.4 100 lv Real estate operations
17 21 RIETUMU BANKA, AS (K) 339.5 283 20% 1511.8 379.8 47 lv Financial services
16 22 SMARTLYNX AIRLINES, SIA (K) 356.2 252.1 41% 496.7 120.7 22 Transportation, transit, logistics
15 15 LATVIJAS FINIERIS, AS (K) 364.7 359.2 2% 404.8 78.1 46 lv Manufacturing: industrial products
14 17 GRINDEKS, AS (K) 380.2 318 20% 207.5 18.3 47 lv Manufacturing: consumer goods
13 12 TET, SIA (K) 380.6 429.3 -11% 295.8 53.6 53 lv IT and telecommunication services
12 8 ELKO GRUPA, AS (K) 401.6 576.4 -30% 1061.1 26.7 27 lv Trade: consumer goods
11 13 TELE2, SIA 425 386.9 10% 180.3 76.4 27 IT and telecommunication services
10 10 RIMI LATVIA, SIA 498.6 496.3 0% 1075.7 49.4 37 Trade: consumer goods
9 14 CITADELE BANKA, AS (K) 506.8 374.7 35% 4863.3 515.4 96 Financial services
8 9 LATVIJAS MOBILAIS TELEFONS, SIA (K) 559.9 556.1 1% 310.3 91.1 47 IT and telecommunication services
7 11 SEB BANKA, AS (K) 589.6 447.6 32% 5605.2 611.5 85 Financial services
6 6 AUGSTSPRIEGUMA TĪKLS, AS (K) 632.1 615.9 3% 234.5 43.9 89 lv Transmission and storage
5 5 MAXIMA LATVIJA, SIA 815.8 646.7 26% 1073.4 100.5 30 Trade: consumer goods
4 4 MIKROTĪKLS, SIA 991.7 1182.3 -16% 401.6 109.6 10 lv Manufacturing: industrial products
3 3 LATVIJAS VALSTS MEŽI, AS (K) 1657.4 2206.1 -25% 626.1 293.9 98 lv Extraction of natural resources
2 2 LATVENERGO, AS (K) 4023.9 2912.4 38% 2034.4 590.1 95 lv Utility services
1 1 SWEDBANK BALTICS, AS (K), 1 4345.2 3397.6 28% 43389.0 4891.0 44 Financial 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 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.                            


Comparison between TOP101 and GDP

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Distribution of the value of TOP101 companies, based on capital structure

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TOP 101 value of the last company present in TOP, million EUR

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