Category: Uncategorized

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

---

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.

Recording of the Eco Baltia Year 2024 Investor Webinar

---

On 21 August, Eco Baltia held a webinar during which the Chairman of the Management Board, Māris Simanovičs, and the Member of the Management Board and CFO, Santa Spūle, presented the audited financial results for 2024. They also provided an update on key developments at the company in 2025, including the recently published ESG report for the previous year.

“The past year and the beginning of this year demonstrate Eco Baltia’s steady growth, which was also highlighted at today’s webinar. We believe that regular dialogue with investors is one of the most effective ways to strengthen trust and confidence in the company’s strategic direction. Transparency and openness continue to be our key priorities in communication with investors, partners, clients, employees, and society as a whole,” says Māris Simanovičs.

A recording of the virtual conference is available here.

The presentation shown during the webinar is HERE.

Eco Baltia publishes its first ESG report in line with EU CSRD / ESRS requirements

---

The largest environmental resource management and recycling group in the Baltics, Eco Baltia, has published its first non-financial report on the implementation of environmental, social responsibility, and corporate governance (ESG) principles. The report has been prepared in accordance with the European Union’s Corporate Sustainability Reporting Directive (CSRD) and European Sustainability Reporting Standards (ESRS).

The report has been developed to highlight Eco Baltia’s achievements and initiatives in the fields of sustainability, social responsibility, and corporate governance, presenting them to clients, employees, investors, shareholders, and the wider public.

Key results in 2024

In 2024, Eco Baltia processed more than 250,000 tonnes of materials across its 30 facilities in Latvia, Lithuania, Poland, and the Czech Republic, making a significant contribution to the development of the circular economy and reducing the use of natural resources. The company further expanded its waste sorting infrastructure by investing €11.7 million in the Resource Management Centre in Latvia and €18 million in the reconstruction of the sorting centre in Vilnius, Lithuania, while also ensuring high environmental and fire safety standards in these facilities.

A particularly important step was the €39+ million investment in the PET recycling plant ITERUM, of which around €14 million was invested by the company itself. ITERUM is one of the largest facilities of its kind in Northern Europe, significantly expanding opportunities for reusing recycled PET materials in international markets.

At the same time, Eco Baltia advanced other sustainability initiatives. By 2024, 18.5% of all waste collection in the Baltics was carried out using low-emission vehicles, with the share in Latvia reaching as high as 63%. In addition, under the EU LIFE project, a polymer material testing laboratory was established at the Nordic Plast facility, supporting and promoting the use of recyclable materials in packaging.

Altogether, through these initiatives and solutions, Eco Baltia prevents around six times more CO₂ emissions than it generates, reinforcing its role as one of the leaders in circular economy and sustainable solutions in the Baltics and across Europe.

Māris Simanovičs, Chairman of the Board of Eco Baltia:
“Sustainable development is not just an obligation – it is the foundation of our competitiveness and growth. Our goal is to stay one step ahead – not only by meeting regulatory requirements but also by creating new solutions in circular economy and sustainable corporate governance. This ESG report is proof that we can successfully combine business growth with responsibility towards society and the environment.”

The full ESG report is available HERE.