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Latvian Forest Company (LATF) investor relations material
Latvian Forest Company Q2 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Net sales for January–June 2026 increased to 707.5 TEUR from 532.3 TEUR year-over-year, mainly from timber sales.
Operating profit was -336.4 TEUR, down from -273.9 TEUR, with a total operating result of -1,473.8 TEUR due to negative revaluation of biological assets.
Net result after tax was -1,527.2 TEUR, compared to 526.9 TEUR in the prior year period.
The company acquired 58 hectares and sold 3 hectares of land, with significant harvesting and replanting activities.
Financial highlights
Net sales rose 33% year-over-year to 707.5 TEUR.
Operating profit (EBIT) was -1,473.8 TEUR, mainly due to a -1,137.4 TEUR change in forest value.
Earnings per share were -0.038 EUR, down from 0.013 EUR.
Book value of fixed assets was 42,022.3 TEUR; equity per share was 0.883 EUR.
Total assets at period end were 43,495.2 TEUR, with equity of 35,301.8 TEUR and a solid equity ratio of 81.2%.
Outlook and guidance
Baltic timber and land markets remain fragmented but offer consolidation opportunities.
Timber prices are expected to rise due to higher energy prices and raw material shortages in Scandinavia.
Long-term demand for timber and forest products is projected to increase.
- Net sales surged and losses narrowed in Q1 2026, with stable Baltic timber markets.LATF
Q1 2026 - Profits fell on lower sales, but asset values and land holdings grew; outlook stable yet uncertain.LATF
Q4 2025 - Lower profits amid weaker timber prices, but land portfolio expanded and financials remain solid.LATF
Q3 2025 - Net profit rebounded to €526.9k on higher sales and asset revaluation, with stable market outlook.LATF
Q2 2025 - Lower profit and sales, but strong balance sheet and major land sale pending.LATF
Q3 2024 - Net loss in H1 2024 driven by lower sales and negative forest revaluation, but expansion continues.LATF
Q2 2024 - Net loss widened on lower sales and asset revaluation, but equity remains strong.LATF
Q1 2025 - 2024 profit surged on property sales, with stable outlook and strong financial position.LATF
Q4 2024
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Next Latvian Forest Company earnings date
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