Latvian-based CleanR grupa is demonstrating robust financial performance as it approaches the December 9, 2025, redemption date of its €15 million bonds first issued in 2022[[1]]. The company’s latest filings with Nasdaq Riga reveal significant year-over-year gains in both turnover and profitability,reflecting continued expansion in its sector. Investors are watching closely as CleanR grupa navigates the evolving European economic landscape and prepares to address its bond obligations.
CleanR grupa issued €15 million in three-year bonds in December 2022, which were listed on the Nasdaq Riga’s First North alternative market. The bonds are scheduled for redemption on December 9, 2025.
The CleanR grupa reported a turnover of €106.724 million for the nine months ending September 2025, a 23.6% increase compared to the same period last year, according to company filings with Nasdaq Riga. The group’s profit also rose, increasing by 24.1% to €14.102 million.
For the full year 2024, CleanR grupa’s turnover reached €121.101 million, up 18.7% from the previous year. The company’s profit increased by 31.5% year-over-year, reaching €13.47 million.
Established in 2014, CleanR grupa has a share capital of €13.58 million. According to company records, TAK Capital SIA, owned by Guntars Kokorevičs, holds an 87.63% stake in CleanR grupa. Harrys Krongorns owns 10.31%, and Juris Gulbis holds 2.06%. CleanR grupa’s bonds are listed on the Nasdaq Riga’s First North alternative market.
CleanR grupa, a Latvian-based company, reported strong financial results for both the nine-month period ending September 2025 and the full year 2024, signaling continued growth within its sector. The company’s performance comes as investors closely monitor growth trends in European markets.
CleanR grupa’s turnover for the first nine months of 2025 totaled €106.724 million, representing a significant 23.6% increase over the same period in 2024. Profit for the same period climbed 24.1% to €14.102 million, the company said in a filing to Nasdaq Riga.
Building on this momentum, CleanR grupa’s full-year 2024 results showed a turnover of €121.101 million, a rise of 18.7% compared to 2023. Profitability also improved substantially, with a 31.5% increase to €13.47 million.
Founded in 2014, CleanR grupa is majority-owned by TAK Capital SIA, controlled by Guntars Kokorevičs, which holds an 87.63% stake. Harrys Krongorns owns a 10.31% share, while Juris Gulbis holds the remaining 2.06%. The company’s share capital stands at €13.58 million.
CleanR grupa’s bonds are currently listed on the Nasdaq Riga’s First North alternative market, with a redemption date of December 9, 2025.
