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    Utilities

  3. •

    Gas distributors
VIRSI-A AS

VIRSI-A AS

RRSE:VIRSI
4.41
EUR
0.00
(0.00%)
60.88MMarket Cap
Mar 03Next Earn
VIRSI-A AS
RSE:VIRSI
(Nasdaq Riga)

Recent

price

4.41

P/E

ratio

- -

div

yld

- -

ROIC.AI

2018
2019
2020
2021
2022
2023
2024
2025
TTM
EUR
- -
14
12.6
16.25
24.85
22.74
25.15
26.29
- -
Revenue per Share
- -
0.27
0.31
0.49
0.69
0.34
0.31
0.37
- -
Basic EPS, GAAP
- -
-0.08
0.03
-0.53
0.32
-0.32
-0.43
0.49
- -
Free Cash Flow per Basic Share
- -
0.06
- -
- -
0.07
0.11
0.05
0.05
- -
Dividend per Share
2.04
2.44
2.74
3.31
4.4
4.6
4.86
7.28
7.51
Book Value per Share
2.04
2.43
2.73
3.3
4.39
4.55
4.81
7.24
7.39
Tangible Book Value per Share
13
13
14
14
15
15
15
15
15
Basic Weighted Avg Shares
- -
187
171
221
375
344
381
398
- -
Sales/Revenue/Turnover
- -
2.04
2.88
2.73
1.86
2.69
1.99
2.03
- -
Operating Margin (%)
- -
4
3
4
4
5
6
7
- -
Depreciation Expense
- -
4
4
7
10
5
5
6
- -
Net Income, GAAP
- -
0.08
0.04
0.29
2.55
7.27
5.11
5.5
- -
Effective Tax Rate (%)
- -
1.9
2.44
3
2.76
1.48
1.23
1.39
- -
Profit Margin (%)
-1
-1
- -
6
10
1
-2
-5
1
Working Capital
9
17
17
22
25
22
32
27
42
LT Debt
27
33
37
50
67
70
74
110
114
Total Equity
- -
7.8
8.08
8.71
8.57
7.76
6.25
5.26
- -
Return on Invested Capital (%)
- -
8.24
8.51
10.67
12.67
6.36
5.91
5.43
- -
Return on Capital (%)
- -
11.89
12.11
15.27
17.8
7.49
6.52
6.02
- -
Return on Common Equity (%)

Capital Structure

EUR

•

in mil. unless spec.
Jun'25
Dec'25
Jun'26
ST Debt
7
11
11
LT Borrowings
30
23
27
LT Finance Leases
4
4
15
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
15
15
15
Market Capitalization
60
59
61

Working Capital

EUR

•

in mil. unless spec.
Jun'25
Dec'25
Jun'26
Total Current Assets
44
43
55
Cash, Cash Equivalents & STI
3
5
6
Accounts Receivable, Net
20
18
28
Inventories
13
12
12
Total Current Liabilities
45
47
54
Payables & Accruals
- -
- -
- -
ST Debt
7
11
11
Deferred Revenue
- -
- -
- -

Growth Rates

EUR

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
- -
25.97%
49.87%
Free Cash Flow
- -
-513.08%
-214.72%
Net Income, GAAP
- -
14.81%
18.54%
Sales/Revenue/Turnover
- -
21.13%
4.6%
Total Cash Common Dividend
- -
- -
-8.4%

Semi-annual Revenue

EUR

•

in mil. unless spec.

Year

H1
H2
FY
2024
- -
- -
381
2025
- -
- -
398
2026
- -
- -
- -

Semi-annual Earnings Per Share

EUR

•

in mil. unless spec.

Year

H1
H2
FY
2024
- -
- -
0.31
2025
- -
- -
0.37
2026
- -
- -
- -

Semi-annual Dividends Per Share

EUR

•

in mil. unless spec.

Year

H1
H2
FY
2024
- -
- -
0.05
2025
- -
- -
0.05
2026
- -
- -
- -
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Business
VIRSI-A AS is a Latvia-based energy commodities trader, convenience retailer, and fuel distribution company that operates a comprehensive network of service stations across the Baltic region. Founded in 1995 and headquartered in Aizkraukle, Latvia, the company operates across two principal business segments: Fuel and Energy Distribution, and Convenience Store Retailing. The company's product and service portfolio encompasses traditional automotive fuels, comprising 95 and 98 octane unleaded gasoline, standard and Arctic-grade diesel, and proprietary Virši EVO-branded performance fuels; alternative energy and clean transport solutions, including compressed natural gas (CNG), liquefied petroleum gas (LPG), biomethane, AdBlue exhaust fluid, and a growing network of ultra-fast electric vehicle (EV) charging stations; convenience store merchandise and food services, featuring specialty coffee, made-to-order hot meals, bakery goods, packaged snacks, cold beverages, everyday groceries, lottery services, and automotive chemicals; utility and energy trading operations, providing retail electricity supply, natural gas procurement, and turnkey solar photovoltaic (PV) generation systems for residential and corporate consumers; and commercial B2B services, including corporate fuel payment cards, bulk wholesale fuel deliveries, fleet management telematics, and automated terminal dispensing. In recent operational and strategic developments, VIRSI-A AS initiated geographical expansion beyond Latvia by launching its service station network in Lithuania, advanced its green energy transition through the development of commercial solar parks, integrated local biomethane production and dispensing facilities into its transport network, accelerated the roll-out of high-capacity EV charging infrastructure co-financed by European Union transport facility programs, and expanded its retail presence via targeted service station acquisitions and full-concept store modernizations across the Baltic market.