To offer you the best possible browsing experience, we use cookies on our website. To learn more and to browse the cookies, read our "Cookie Processing Conditions" section in the "Cookie Policy".
Accept all

Mandatory cookies enable important features, such as accessibility of the website. Without these cookies, the website cannot function properly. Since essential cookies are necessary to deliver our services safely, you cannot refuse them. If, regardless of security concerns, you decide you do not wish to receive essential cookies from us, you may block or delete them by changing your web browser settings.

Name Provider Purpose Expiry Type
laravel_session It maintains the browser session data to provide the basic page functionality for a single visit. session http
xsrf-token It is used to protect the page against malicious or fake HTTP requests. session http
show_cookie_notice Keeps the cookie notification window closed/open. 5 years http
Other available languages:

In 2023, EBITDA reached an all-time high of EUR 13.7 million, which is 11.7% higher than 2022. Labour costs, volatile fuel and energy prices and high inflation rates in Latvia and globally made it a challenging period. Despite that, thanks to our strategic management of the business segments, we have achieved a significant improvement in our performance and were able to invest in further development.

Throughout 2023, we continued our focused development toward our 2026 strategic goals, ending the year with 73 petrol stations and a profit of EUR 5.1 million. Our net profit in the reporting period was affected by changes in the financial instrument value, which generated revenue of EUR 3.1 million in 2022, while incurring costs of EUR 2.1 million at the market price in 2023.

*The value of the financial instrument is calculated based on the current energy prices, which reached a historical high at the end of 2022, but declined significantly and stabilised during 2023.

The company's profits come from three core business segments: sale of fuel products, convenience stores and energy.

In 2023, the Group's convenience stores generated the largest gross profit of EUR 17.1 million, which is 33.2% more than in 2022.

In the first 11 months of 2023, retail fuel sales in Latvia grew by 1.5% (in tonnes), while for Virši the growth was 10.5%. The third business segment – energy – achieved a gross profit of EUR 2.4 million, which is almost 6 times more than in 2022.

Strategic objectives



Financial data