Month: September 2025

About Eco Baltia’s results for the first half of 2025

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The Eco Baltia group’s turnover reached EUR 142.08 million in the first half of 2025.

Eco Baltia JSC (AS), the largest environmental resource management and recycling group in the Baltics, achieved a net turnover of EUR 142.08 million in the first half of 2025, representing a 14.5 % increase compared to the same period last year.

The company’s growth was primarily driven by consistent performance in the environmental management sector, alongside ongoing process optimization and digitalization across the group’s companies.The group’s EBITDA for the period was EUR 21.5 million, while profit before tax was EUR 3.6 million.

Strategic development priorities

Participation in public procurement in the environmental management sector contributed significantly to growth in the first half of 2025. The hazardous waste management company Oil Recovery won a tender for ship waste management in the Riga Free Port (3 years; 4.45 million EUR), while Eco Baltia vide won a tender for household waste management in the Mārupe and Ventspils regions. Participation in these tenders ensures a predictable workload and reliable revenue flow. In February, Ecoservice UAB opened a new sorting center for separately collected packaging in Lithuania which, by using artificial intelligence solutions, is capable to identify and sort 13 types of packaging, significantly increasing sorting efficiency.

At the same time, the group strengthened its position in environmental management areas such as construction waste and textile management. Continued development of the mobile toilet rental brand Tocha, and strengthened capacity of the group’s recycling sector companies.

Māris Simanovičs, Chairman of the Board of Eco Baltia, said: “The results of the first half of the year confirm the effectiveness of the group’s growth strategy. The company’s area of services has expanded, processes have continued to be digitized and modernized, and new development projects have been launched. All of this has resulted in a new turnover record. Eco Baltia’s contribution to the Latvian and other economies is becoming more tangible — more recycled material, modern production facilities and skilled jobs form the basis of our competitiveness in the international market.”

Future development of the group

In 2025, the group will continue to develop PET and other plastic recycling, environmental management services, and PVC profile recycling, emphasizing work safety, the LEAN approach, and operational efficiency. At the same time, the implementation of the ESG strategy will be intensified. The use of low-emission vehicles has already been expanded (they are used to collect 63% of waste in Latvia), and the share of renewable energy has reached 15% of total consumption. This year also saw the publication of the first annual sustainability report, prepared in accordance with the Corporate Sustainability Reporting Directive (CSRD) requirements.