Latvian Forest Company (LATF) Q3 2025 earnings summary

Executive summary

• Net sales for January–September 2025 were €934.1k, down from €961.6k year-over-year.

• Operating profit was -€284.6k, a decline from -€95.6k in the prior year.

• Net profit after tax was €401.0k, compared to €580.9k year-over-year.

• Result per share was €0.010, down from €0.015.

• The company acquired 335 hectares of land YTD, with 39 hectares in Q3.

Financial highlights

• Value change in forest assets was €927.5k, down from €1,092.1k year-over-year.

• Book value of fixed assets was €42,357.5k, compared to €42,978.0k last year.

• Equity per share was €0.926, up from €0.908.

• Cash flow from operations per share was -€0.004, compared to -€0.003.

• Solid equity ratio at 82.4%, with a debt-to-equity ratio of 21%.

Outlook and guidance

• Management continues to explore the potential sale of part or all assets, with updates to follow as appropriate.

• The next financial report is scheduled for February 20, 2026.