For the fourth consecutive year, the status of the most valuable enterprise in Latvia has been awarded to "Swedbank Baltics", according to the ranking of "Top101 most valuable companies in Latvia for 2025", compiled by "Nasdaq Riga" and "Prudentia".
In second place this year is AS "Latvenergo", and in third place is AS "Latvijas valsts meži".
The total combined value of the companies included in the Top101 list has increased by 12% compared to last year. The value of "Swedbank Baltics" is estimated at €6.03 billion, which is €1.69 billion or 40% more than a year earlier.
"Latvenergo" is valued at €4.57 billion — almost 14% more than last year, while the value of "Latvijas valsts meži" decreased by 15%, amounting to €1.408 billion.
In fourth place is SIA "Mikrotīkls" with a valuation of €1.184 billion (+19%), in fifth place is SIA "Maxima Latvija", whose value increased by 1% to €820.3 million, and in sixth place is "SEB banka" with a valuation of €749.1 million (+27%).
Seventh place is occupied by "Citadele" bank, whose value increased by 28% to €649.3 million. Eighth place goes to SIA "Latvijas mobilais telefons" with a valuation of €610.8 million (+9%). Ninth place is held by AS "Augstsprieguma tīkls", whose value decreased by 4% to €607.7 million.
Tenth place is occupied by the airline "airBaltic", whose value increased by 75%, reaching €542.6 million.
This year, 14 new companies entered the Top101, six of which returned to the list due to improved performance. The total value of the newcomers is €1.38 billion. The most valuable among them is the non-banking credit company "Eleving Group", valued at €194.7 million (28th place in the ranking).
The list of the most valuable companies in Latvia, "Top101", has been compiled since 2005 by "Prudentia" and "Nasdaq Riga" with the informational support of "Firmas.lv".
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