First Latvian State-Owned Company 'LAU Infra Grupa' Plans to Conduct an IPO This Year

AS LAU Infra Grupa (hereinafter – LAU Infra Grupa) today informed about its future development plans, including a plan to conduct an initial public offering (IPO) this year. 

IPO marks the next stage in the company’s growth, strengthening its position in the capital market and laying the foundation for future competitiveness in the Baltic and Scandinavian regions. It also is a significant step for Latvian capital market, as it will be the first state-owned company that will potentially conduct an IPO.

The company plans to use the funds raised from the IPO for targeted investments in technology, strengthening operational capacity, expanding its service portfolio, and entering new markets. At the same time, this will allow the company to expand its involvement in mobility and defense infrastructure projects critical to national security, reinforcing its role as a strategic infrastructure partner in the region.

“The foundation of any stable business lies in the ability to operate in a free market environment and ensure a stable cash flow, which LAU Infra Grupa has successfully demonstrated. We are fully prepared for the next stage of development – becoming a public company,” emphasizes Vilnis Vitkovskis, Chairman of the Board of AS LAU Infra Grupa.

The company has enjoyed financial success in recent years, demonstrating a steady growth rate. According to unaudited results, the company reported a turnover of 97.14 million euros in 2025, which is 2.5% higher than the previous year. Profit increased by 10.7%, reaching 7.69 million euros. Nearly half of last year’s revenue came from construction projects and other services in the open market, underscoring the company’s competitiveness.

“Our goal is to combine prudent investments with a clear and transparent dividend policy. We plan to achieve revenue growth through service diversification and expansion into new markets, while maintaining the highest standards of corporate governance,” adds V. Vitkovskis.

As part of the initial public offering, the company plans to issue new shares, which will be listed on the Nasdaq Riga Baltic Official List. In accordance with the government’s decision, the state will retain strategic control over the company (at least 75.01% of the shares), creating a mixed ownership structure.

About the company 

LAU Infra Grupa AS is an infrastructure construction and maintenance company in Latvia that ensures mobility and connectivity throughout the country. The company’s operations include road construction and maintenance, the implementation of defense infrastructure projects, and the production of mineral materials.