Financial information
Performance indicators, financing structure, bonds, dividends, taxes and credit ratings, reflecting the financial stability and long-term development of Latvenergo AS.
Operating indicators
The key financial and operating indicators are summarised below, reflecting revenue, profitability, capital structure and investment dynamics.
Funding
Latvenergo Group finances its capital expenditures programme partly from owned funds and partly from borrowed capital. Latvenergo Group regularly sources borrowed capital to ensure the required funding for several year investment programme in a timely manner, thus establishing successful long-term cooperation with local commercial banks as well as international financial institutions.
To diversify its sources of borrowing, Latvenergo AS has issued bonds, which as of 30.06.2026 account for 59% of the Group's total long-term borrowing portfolio.
All of the Group's borrowings are denominated in euros.
| 30.06.2026. | |
|---|---|
| Proportion of fixed interest rate (including interest rate swaps) | 63% |
| Weighted average fixed interest rate period | 3 years |
| 30.06.2026. | EUR million |
|---|---|
| Cash and cash equivalents | 157.8 |
| Other current financial investments | 364.9 |
| Available long-term borrowings | 200.0 |
| Available short-term borrowings |
In order to maintain a stable level of liquidity, the Latvenergo Group ensures a constant cash flow and maintains additional liquidity reserves.
Bonds
To access the content of this section, you must agree to the terms and conditions.
DISCLAIMER – IMPORTANT
The electronic versions of the materials you are seeking to access are being made available on this website by Latvenergo AS in good faith and are for information purposes only. You must read the following disclaimer carefully before accessing such materials.
The distribution of the information contained in the pages that follow may be restricted by law in certain jurisdictions. The information contained in the pages that follow or any other information relating to the listing of the securities may not be distributed or published in the United States, Canada, the European Economic Area, Switzerland, Singapore or Japan or in any jurisdiction or under any circumstances in which such distribution or publication is not authorised or is unlawful.
The securities have not been, and will not be, registered under the United States Securities Act of 1933, as amended (the “Securities Act”) or with any securities regulatory authority of any state or other jurisdiction of the United States. The securities may not be offered, sold or delivered within the United States except in certain transactions exempt from the registration requirements of the Securities Act.
In addition, in the United Kingdom the materials are being distributed only to persons who are “qualified investors” within the meaning of Regulation (EU) 2017/1129 as it forms part of United Kingdom domestic law, and who are also: (a) persons having professional experience in matters relating to investments who fall within Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005, as amended (the “Order”), (b) high net worth entities falling within Article 49 of the Order, and
(c) other persons to whom such information may lawfully be communicated in accordance with the provisions of the Order (all such persons together being referred to as “relevant persons”). In the Member States of the European Economic Area (“EEA”), the materials are addressed only to persons who are “qualified investors” within the meaning of Regulation (EU) 2017/1129. Any investment or investment activity to which these materials relate is available only (i) in the United Kingdom, to relevant persons, and (ii) in the EEA, to qualified investors, and will be engaged in only with such persons referred to in (i) and (ii).
If you are not permitted to view the materials available on this website, or you are in any doubt as to whether you are permitted to view them, please leave this website. These materials may not be distributed, forwarded or sent to the United States or to any jurisdiction in which such action is unlawful.
By viewing materials on this website, I confirm that I have read, understood and agree with the disclaimer set out above. I understand that it may affect my rights and I agree to be bound by its terms. I confirm that I will comply with all of the restrictions set out above, and that my country of residence and current location is not in the United States, Canada, the European Economic Area, Switzerland, Singapore or Japan or any other jurisdiction in which accessing these materials or the distribution or publication of such is unlawful and that I am not a U.S. person within the United States, and that I will not transmit or otherwise send any materials contained in this website to any person in the United States or any other territory where to do so would breach applicable local law or regulation. I also confirm that I am permitted to proceed to electronic versions of the materials, such access being in accordance with the applicable regulatory restrictions.
Amount:
Maturity:
Coupon (per annum):
ISIN:
Nominal value:
Issue date:
Coupon payment dates:
Listing:
Use of proceeds:
Allocation report and post-issuance review:
Amount:
Maturity:
Coupon (per annum):
ISIN:
Nominal value:
Issue date:
Coupon payment dates:
Listing:
Use of proceeds:
Placement and issue reviews:
Green bond report:
Internal Audit opinion on compliance with the requirements of the Green Bond Framework:
Dividends
Shares The registered share capital of Latvenergo AS is EUR 1,156,390,127, consisting of 1,156,390,127 ordinary shares with a nominal value of EUR 1 each.
Dividend policy The distribution of Latvenergo AS dividends is regulated by the Republic of Latvia Law on the State Budget for 2026 and the Budget Framework for 2026, 2027, and 2028. According to the regulation, the expected amount of dividends payable by Latvenergo AS for the use of state capital in 2026 (for the reporting year 2025) is EUR 141 million.
The actual amount payable by Latvenergo AS in dividends is determined by the Shareholders’ Meeting after the approval of the annual report, upon the evaluation of the results for the previous year.
Taxes
The Latvenergo Group is one of the largest taxpayers in Latvia. In 2025, EUR 268.3 million was paid into the state budget. In Lithuania and Estonia, EUR 34.5 million and EUR 25.3 million respectively were paid in taxes. The table below shows the taxes paid by the Latvenergo Group by year and tax type, where taxes borne are taxes incurred by the Group itself, while taxes collected are taxes in whose collection the Group acts as an intermediary, for example taxes collected from customers and employees that are then transferred to the state.
Swipe to see more data
Swipe to see more data
Swipe to see more data