Disclaimer: The information set out below has been provided by the company identified herein and is published solely for informational purposes. Nasdaq Baltic does not take responsibility for the accuracy, completeness, or timeliness of the content and assumes no responsibility or liability for any loss or damage arising from its use.
On October 12, 2026, SIA Timbro Group, one of the largest full-service forestry groups in Latvia, held a webinar to introduce the company’s public bond offering to investors in Latvia, Estonia, and Lithuania, taking place until October 19.
The information was presented by Timbro Group Chairman of the Management Board, Ringolds Grāpis, and Member of the Management Board, Raimonds Cipe.
The recording of the webinar is available here: https://www.youtube.com/watch?v=0_A5-Fa1tcQ&list=PLeOLX3TaNx_-bcSL1eAWpu4sOpyODwgj5.
The presentation shown during the webinar is attached to this announcement.
Main terms of the offering
| ISIN code | LV0000113629 |
| Security type | Secured bonds |
| Collateral | 1st ranking commercial pledge on the Assets of the Issuer |
| Nominal value of one bond | EUR 1000 |
| Yearly coupon rate | 10 % |
| Coupon frequency | Monthly |
| Issue size | Up to EUR 8.0m |
| Subscription period | October 6 through October 19, 2026 |
| Issue date | October 22, 2026 |
| Maturity date | October 22, 2029 |
More information about the offer can be found here: https://timbro.group/en
About the company
Timbro Group is a full-service Latvian forestry group covering timber and energy wood trading, logging and timber logistics, forest and agricultural land trading, and forest property auctions. The Group acts as a volume aggregator: alongside timber from its own logging operations, it sources timber from 400+ suppliers and sells to 250+ customers across the Baltics, the Nordics and Central Europe, including sawmills, pulp mills, pellet producers and energy wood buyers.
Timbro holds an estimated 15%+ share of the Latvian private timber market, delivering 16,700+ truckloads of timber in H1 2026. In recent years, the Group has expanded through three acquisitions: logging company SELKO based in Jēkabpils, E-Silva online auction platform for forest land and felling rights, and the timber trading and logistics company Kokvedēji. LTM June 2026 revenue reached EUR 76.6m, with H1 2026 revenue growing 127% year-on-year to EUR 48.8m.
Additional information:
Ringolds Grāpis
SIA Timbro Group
Chairman of the Board
+371 29 768 716
ringolds@timbro.lv
Disclaimer: This information has been prepared for informational purposes only and does not constitute an offer to purchase securities. Any investment decision should be made solely based on the Information Document.