Eco Baltia, the largest environmental resource management and recycling group in the Baltics, increased its net turnover to EUR 214.03 million in the first nine months of 2025, which is 11.4% more than in the same period last year. This growth was ensured by targeted performance in the group's core business lines — environmental management services and recycling — through consistently increasing productivity, automation levels, and process efficiency.
Strategic development directions
During the reporting period, investments in waste management infrastructure and technologies were maintained to increase sorting and recycling capacities, improve the quality of secondary raw materials and enhance competitiveness in the Baltic region and other export markets. The requirements of the European market further reinforce this focus, as technological modernisation is becoming a key prerequisite for sustainable growth.
During the first nine months of 2025, Eco Baltia continued to expand its environmental management services and strengthen its presence in various regions. This was facilitated by the group's companies participating in tenders, including in the Ādaži region. Following its success, Eco Baltia vide's contract with the local government provides for the provision of services over a seven-year period, with a projected volume of EUR 22 million (excluding VAT). At the same time, specialized services for specific waste streams have also been developed, such as construction waste, textiles and PVC materials – which allows for more efficient collection and processing, as well as offering customers a more complete range of solutions alongside everyday household waste management.
Considering the challenging conditions in the European recycled polymer market, Eco Baltia continued to expand its sales in foreign markets, as well as improve its operational performance with cost optimization and increased production efficiency, which allows it to maintain its competitiveness in the challenging market conditions.
Māris Simanovičs, Chairman of the Management Board of “Eco Baltia”:
“In 2025 we have maintained a stable growth rate based on investments in sorting and recycling capacities, a well-considered cost policy and higher operational performance, expanding our presence in the Baltic markets. Our priority is sustainable growth, creating greater added value throughout the circular economy chain. This strengthens competitiveness and forms a stable foundation for long-term development.”
At the same time, “Eco Baltia” continued to strengthen its corporate standards and sustainability management system by introducing a unified approach to ESG issues, risk management and regular, transparent communication with partners, clients and investors. Sustainability goals are becoming an integral part of business development – they are closely linked to more efficient use of resources, modernisation projects and compliance with requirements that often determine competitiveness in the European market.
About Eco Baltia
Eco Baltia is the largest environmental resource management and recycling group in the Baltics, ensuring a full waste management cycle - from waste collection and sorting to secondary raw material logistics, wholesale, and the recycling of secondary materials, including PET and PE/PP plastics, as well as PET fiber production.
The Eco Baltia group ended 2024 with its largest ever audited consolidated turnover of EUR 261.54 million, an increase of 20% compared to 2023.
The group's companies in Latvia, Lithuania, Poland and the Czech Republic have more than 2,600 employees. The largest of the companies the group owns are Eco Baltia vide, Latvijas Zaļais punkts, Nordic Plast, Oil Recovery, and ITERUM in Latvia, Metal-Plast in Poland, TESIL Fibres in the Czech Republic, and Ecoservice in Lithuania.
The shareholders of Eco Baltia are the INVL Baltic Sea Growth Fund (52.81% through UAB BSGF Salvus), the European Bank for Reconstruction and Development (30.51%) and Māris Simanovičs (15.93% through SIA Enrial Holdings and 0.75% through Penvi Investment Ltd).