On 8 October, LATRAPS hosted an investor webinar where Gundars Ruza, Member of the Management Board and Chief Financial Officer of LATRAPS, presented the financial results for the 2025/2026 financial year, highlighted the most significant achievements, and outlined the company's next development steps.
"Despite a year full of challenges, LATRAPS has successfully completed its financial year with stable results, achieving revenue of EUR 240 million. Companies in Latvia continue to face rising business and labour costs which, in a highly competitive environment, affect their ability to maintain profitability. As a result, in 2025/2026 the Cooperative generated a profit of EUR 2.7 million, representing 1.1% of turnover. Following the year-end, LATRAPS successfully sold its remaining grain inventories and entered the current season with increased storage capacity," emphasised Gundars Ruza, Member of the Management Board and Chief Financial Officer of LATRAPS.
The webinar recording is availabe at: https://www.youtube.com/watch?v=Q_SfXXSEldA