January – December 2025 highlights
- Revenue USD 1,258.2 million (EUR 1,113.4 million), an increase of 10.1% year-on-year
- Gross profitability 8.2%, an increase compared to 7.8% in 2024
- Gross profit USD 103.0 million (EUR 91.2 million), an increase of 16.2% year-on-year
- Net profit USD 13.5 million (EUR 11.9 million), a decrease of 4.4% year-on-year
Akciju Sabiedrība ELKO Grupa consolidated turnover during the 12 months of 2025 reached USD 1,258.2 million (EUR 1,113.4 million), a 10.1% increase over the corresponding period in 2024.
Growth was primarily driven by the small domestic appliance (SDA) segment, where strong partnerships with fast-expanding vendors and ELKO’s brand acceleration capabilities delivered exceptional topline contribution. The PC components segment also posted a robust performance in the final quarter, supported by increased demand ahead of anticipated global memory shortages fueled by accelerating AI infrastructure build-out.
ELKO’s gross profit reached USD 103.0 million (EUR 91.2 million), representing a 16.2% year-on-year increase. This improvement reflects the company’s continued strategic shift toward higher-margin categories and its strengthened value proposition for both vendors and customers.
A significant event after the reporting period – on January 2, 2026, strengthening Nordic presence, Akciju Sabiedrība ELKO Grupa has completed the acquisition of 60% of the shares in Bat.Power Oy, a Finland-based consumer electronics importer and wholesale distributor. The transaction has been executed through ELKO Group’s subsidiary, Gandalf Distribution AB.
About ELKO Group
The ELKO Group is one of the region's largest distributors of IT and consumer electronics products and solutions, representing 400 world-leading manufacturers. The company provides a wide range of products and services to more than 10,000 retailers, local computer manufacturers, system integrators and enterprises within various sectors in 14 countries in Europe. Established in 1993, Latvia.
More information:
LinkedIn: https://www.linkedin.com/company/elko-group
Facebook: https://www.facebook.com/elkogroup/
X: @ELKO_Group
Instagram: elko_group