AS Rigas kugu buvetava (RKB1R) Q2 2025 earnings summary

Executive summary

• Net turnover for the first six months of 2025 was EUR 885,144, down from EUR 1,127,571 year-over-year.

• Gross loss increased to EUR 710,538 from EUR 6,751 year-over-year; net loss widened to EUR 456,676 from EUR 137,664.

• Shift in business focus to infrastructure leasing and management, with shipbuilding and repair services discontinued.

• Legal protection proceedings were terminated in March 2025, restoring solvency.

• ISO certifications in quality, environmental, energy, and occupational health and safety management obtained in May 2025.

Financial highlights

• Net turnover: EUR 885,144 (down from EUR 1,127,571 year-over-year).

• Gross loss: EUR 710,538 (vs. EUR 6,751 loss year-over-year).

• Net loss: EUR 456,676 (vs. EUR 137,664 loss year-over-year).

• Equity as of June 30, 2025: EUR 2,270,635 (up from EUR 1,184,823 year-over-year).

• Total assets: EUR 8,896,682 (vs. EUR 8,760,415 year-over-year).

Outlook and guidance

• Expansion of operations expected, with infrastructure improvements and territory development planned.

• Medium-term strategy in development, focusing on infrastructure upgrades and attracting partners.

• No plans to relocate operations or reduce workforce.