Latvian Forest Company (LATF) Q2 2025 earnings summary

Executive summary

• Net sales for January–June 2025 reached €532.3k, up from €421.8k year-over-year.

• Operating profit was -€273.9k, compared to -€112.2k in the same period last year.

• Net result after tax improved to €526.9k from -€803.1k, mainly due to a positive revaluation of forest assets.

• Earnings per share were €0.013, up from -€0.030 year-over-year.

Financial highlights

• Value change in forest assets was €948.1k, compared to -€488.0k last year.

• Book value of fixed assets increased to €42,440k from €40,929k.

• Equity per share rose to €0.929 from €0.881.

• Cash flow from operations per share was -€0.006.

• Dividend of SEK 0.25 per share was distributed in Q2.

Outlook and guidance

• Long-term demand for timber and forest products is expected to rise, with asset values likely to increase as the carbon credit market matures.

• No major market swings are anticipated in the near term, but geopolitical risks and regulatory changes in Lithuania could impact operations.