"Virši" reaches historically highest turnover
Latvian energy resource trader AS "Virši-A" reported a historic turnover of 398.1 million euros in the last year, a 4.6% increase compared to 2024.
AS "Virši-A", operating under the brand "Virši", has announced that its turnover reached a historic high of 398.1 million euros in the previous year, surpassing the figures from 2024 by 4.6%. This increase is attributed to heightened activity in various segments of the business, notably in fuels, which accounted for a significant portion of the company's revenue. The overall profit also rose by 18.5%, indicating a positive trend in the company's financial health and operational efficiency.
In detail, the turnover for the fuel segment alone hit 305.7 million euros, which represents a 4.2% increase from the previous year. Retail operations contributed 61.9 million euros, marking a 9% growth, while the energy segment brought in 28.7 million euros, a 4.5% rise from the prior year. Additionally, the company's earnings before interest, taxes, depreciation, and amortization (EBITDA) improved by 10.8%, amounting to 15.2 million euros, showcasing robust operational performance amidst competitive market conditions.
However, it is noteworthy that the total investments made by "Virši-A" in 2025 were 10.6 million euros, reflecting a significant decrease of 49.7% from 2024. This reduction in investments might raise concerns regarding the company's future growth prospects as it navigates the challenges of the market. The overall positive financial results combined with reduced investments create a mixed outlook for the company's strategic initiatives moving forward.