16.04.2026.
The Company’s focus remains on improving operational efficiency and strengthening exports. During the reporting period CrossChem expanded its presence in international markets while demand for its products remained stable, particularly in the emission reduction and industrial chemicals segments.
Compared to the first quarter of 2025, when the Company’s revenue reached EUR 4.85 million, the changes observed in this year’s results are mainly attributable to fluctuations in the raw materials market and the Company’s strategic focus on developing higher value-added products.
“We continue to focus on international growth by developing new products and expanding into strategic business areas, which we plan to announce in the near future,” emphasises R. Andersons, Chairman of the Board of SIA CrossChem.
At the same time, global developments, including the situation in the Strait of Hormuz and Iran’s role in the global urea market, have significantly impacted the Company’s operations together with all other industry players, particularly raw material availability and price dynamics.
CrossChem continues to proactively manage these risks, ensuring stable operations and uninterrupted customer supply. The Company’s previously issued 2026 revenue guidance of EUR 20–25 million while maintaining an EBITDA margin within the range of 6–7% remains intact.
CrossChem is a 100% Latvian-owned company and part of CrossChem International – the world’s largest independent AdBlue® producer network. The company manufactures and distributes sustainable chemical products and provides related storage and handling services. CrossChem is also expanding its services to the maritime sector, delivering emission reduction solutions, including AUS40®, and other products that support compliance with international environmental regulations.