Latvian chemical product manufacturer SIA “CrossChem” reported unaudited revenue of €18.8 million in 2025, alongside a 33% increase in EBITDA compared to the previous year, reaching nearly €1.4 million. The results demonstrate consistent growth and continued strategic investment in the company’s development.
The company expanded its client portfolio by 4%, increased the volume of laboratory analyses by 26%, and introduced several new products for both professional and household segments. This growth reflects a broader trend of increasing demand for specialized chemical products in the Baltic region.
In 2025, CrossChem invested approximately €1.5 million in research, modernization of production, and process automation, strengthening the company’s efficiency and long-term competitiveness.
The company slightly exceeded its key management guideline of an EBITDA margin of 6-7% – achieving 7.3%, despite some fluctuations in revenue due to the international nature of the industry. This performance confirms a stable return and the company’s ability to meet its obligations while ensuring further growth.
“CrossChem consistently implements a long-term development strategy, focusing on the development of chemical product circulation infrastructure, expansion of the product portfolio, and expansion of sales markets. Investments in technology and the team allow us to build a sustainable growth model,” said Richard Anderson, Chairman of the Board of CrossChem.
The company plans to achieve a turnover of €20-25 million in 2026, maintaining an EBITDA margin within the 6-7% range.
External financing is secured through bonds (in the form of guaranteed securities) listed on the Nasdaq Riga First North alternative market, as well as bank loans. CrossChem carefully monitors interest rate fluctuations, particularly EURIBOR, systematically manages debtor receivables, and reinsures risks with international insurance companies.
CrossChem continues to focus on increasing efficiency, modernizing work processes and automation, investing in infrastructure, equipment and team development to target stable and sustainable growth.
