SIA “Rīgas ūdens” informs that unaudited financial data for the 2025 reporting period, which ended on 31 December, have been published. The full Audited Annual and Sustainability Report 2025 will be published on 31 March 2026.
In 2025, the Company continued to implement its strategic development priorities and ensure service continuity by making significant investments in the renewal and modernization of its water supply and sewerage infrastructure. The past year has been strategically important for the Company – SIA Rīgas ūdens has reached its highest level of investment in the past five years.
Operating revenue in 2025 reached EUR 80.3 million, representing a 5.2% increase compared to the previous year. The Company’s profitability also improved, with EBITDA rising by 19.9%, driven by lower energy costs and the capitalization of expenses related to the renewal of engineering networks.
The investment volume in 2025 reached 48.5 million euros, which is 36.2% more than in the previous year. The main investment areas were the renewal of water supply and sewerage networks (the total amount of renewed networks reached 24 km), the expansion of service availability (5.6 km of new networks were built), modernization of wastewater treatment systems, as well as the start of construction of two solar parks at company facilities, with the aim of significantly reducing energy costs in the future.
To implement these large-scale investment projects, Rīgas ūdens became the first municipal company in Latvia to issue bonds on the regulated market of Nasdaq Riga in accordance with the European Green Bond Standard. The Company also concluded a EUR 70 million loan agreement with the European Investment Bank and expanded its cooperation with the Nordic Investment Bank, securing the opportunity to attract up to EUR 50 million in financing. These financial partners provide a stable foundation for the implementation of the EUR 235 million investment program through 2028.
Despite the active financing activities, the company’s financial structure remains balanced – the share of equity reaches 70.7%, confirming a moderate level of liabilities and the company’s ability to implement capital‑intensive projects.
More detailed information will be available after the publication of the Annual and Sustainability Report.
This is the first time that the company will publish sustainability and annual report information in accordance with the European Sustainability Reporting Standards (ESRS), which significantly increases the transparency and comparability of the reports.
About SIA Rīgas ūdens :
SIA Rīgas ūdens is the largest water utility company in Latvia, providing water abstraction, treatment, and supply, as well as wastewater collection and treatment services in Riga and the surrounding area. The company’s priorities are delivering high-quality services, developing infrastructure, and ensuring sustainable use of resources. SIA Rīgas ūdens is the first municipal company in Latvia to secure financing through the capital market and the first company in Northern Europe to issue bonds in accordance with the European Green Bond (EuGB) Standard.