CleanR Grupa closes the first nine months of 2025 with stable growth

In the first nine months of this year, AS CleanR Grupa has achieved stable, positive results across all key financial indicators, confirming the successful implementation of the Group's long-term growth strategy, says Juris Gulbis, Chairman of the Management Board of CleanR Grupa.

CleanR Group's turnover in the first nine months of 2025 reached 106.7 million euros, which is 20.4 million euros or 24% more than in the same period in 2024, continuing the Group’s stable growth.

EBITDA in the first nine months of 2025 increased by 4.5 million euros and reached 24.3 million euros, compared to the same period in 2024, when the figure reached 19.8 million euros. EBITDA profitability reached 23%, which is equivalent to the 23% figure in the first nine months of 2024. In turn, gross profit increased to 23 million euros, showing an increase of 5.7 million euros compared to the first nine months of 2024. In addition, gross profit profitability reached 22%.

In the first nine months of 2025, CleanR Group continued to invest in fleet renewal (both in waste management and street and road maintenance segments), as well as in waste container infrastructure by investing in the renewal of surface containers, the construction of underground container areas, as well as in textile container infrastructure. The Group continued to invest in the acquisition of specialized equipment units with the aim of renewing fixed assets and increasing operational efficiency.

“In the first nine months of this year, we have continued targeted development and growth, both by increasing financial results and taking strategic steps to strengthen our positions regionally. We have strengthened our position in the environmental management and urban maintenance sector, as well as made significant investments in the modernization of infrastructure and equipment. These results demonstrate not only the professionalism of our team but also our readiness to provide the necessary services. We will continue to invest in service quality, digitalization, and sustainable solutions to strengthen our positions in the industry in the future,” said Juris Gulbis.

At the end of the reporting period, CleanR Group announced plans to issue its first public bond offering across all three Baltic countries in the fourth quarter of 2025, raising up to EUR 15 million in financing. This step is part of a new bond program of up to EUR 50 million, designed to support the Group's further development and growth in the Baltic region. CleanR Group will report on the results of the bond issue in its 12-month report.

At the end of the reporting period, the CleanR Group employee representation institution establishment project – Employee Council – has received the highest recognition of the Latvian Personnel Management Association (LPVA), winning the LPVA’s Project of the Year 2025 title. The award was given for the creation of a sustainable employee representation system that strengthens an inclusive work environment and the principles of good corporate governance.

About CleanR Grupa:

AS CleanR Grupa operates the leading companies in the environmental services sector in Latvia. CleanR Grupa includes SIA CleanR, a municipal waste management company, SIA CleanR Verso, an industrial and construction and demolition waste management company, CleanR Industry, a waste recycling company, SIA Zaļā josta, an extended producer responsibility system provider, SIA Vizii, a cleaning company, and SIA Vizii Urban, an urban services business.

The group companies serve half a million Latvian people daily. The Group offers highly digitized environmental services, provides high-quality customer care, and demonstrates leadership in the pursuit of sustainability and circularity. AS CleanR Grupa is a 100% Latvian capital company, with Guntars Kokorevičs as its Founder and Chairman of the Council.