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Siguldas CMAS
Quarterly Report • Nov 20, 2025
2236_rns_2025-11-20_6500371e-7c75-4fca-a139-61f6a1223f55.pdf
Quarterly Report
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Joint Stock Company 'SIGULDAS CILTSLIETU UN MĀKSLĪGĀS APSĒKLOŠANAS STACIJA'
Unaudited financial information for the nine months of the year 2025
JSC 'SIGULDAS CILTSLIETU UN MĀKSLĪGĀS APSĒKLOŠANAS STACIJA' Financial information for the nine months of the year 2025
Index of Contents
| Page | |
|---|---|
| Information on the Company Profit or Loss Account |
3 4 |
| Balance sheet | 5 |
| Cash flow statement | 7 |
| Statement on changes in shareholders' equity | 8 |
| Report on Management Liability | 9 |
Information on the Company
Company's name SIGULDAS CILTSLIETU UN MĀKSLĪGĀS APSĒKLOŠANAS
STACIJA
Company's legal status Joint stock company
Registration number, place and date 40003013295, Riga, 26 July 1991
Registration in the Commercial Register on 19 June 2004
Legal address 'Kalnabeites 8', Sigulda, Sigulda municipality, LV-2150
Shareholders holding more than 5% of the total
number of voting shares
'Siguldas mākslīgās apsēklošanas stacija' Ltd. (49.80%)
registration No. 40003311954
SCI AG (7.61%)
Bartholomäus-Arnoldi-Str. 82, DE-61250 Usingen, Germany
Oļegs Radčenko (5.17%)
Members of the Management Board Nils Ivars Feodorovs, chairman of the Management Board
Sarmīte Arcimoviča, member of the Management Board Valda Mālniece, member of the Management Board
Members of the Supervisory Board Inita Bedrīte, chairwoman of the Supervisory Board
Guntis Mecaucis, deputy chairman of the Supervisory Board
Līga Kubuliņa, member of the Supervisory Board Baiba Mecauce, member of the Supervisory Board Guntis Mecaucis, member of the Supervisory Board
Reporting period 01.01.2025 – 30.09.2025
Previous reporting period 01.01.2024 – 30.09.2024
Auditors Olga Kuzmiča Sworn Auditor
Certificate No. 207
'Orients Audit & Finance' Ltd. Gunāra Astras street 8B Riga, LV-1082, Latvia
Sworn Auditors' Commercial Company's license No. 28
Profit or loss account
| 30.09.2025 EUR |
30.09.2025 EUR |
|
|---|---|---|
| Net sales | 1 444 363 | 1 193 264 |
| a) from agricultural activities | 1 444 363 | 1 193 264 |
| Changes in stock of ready-made goods and unfinished products | 17 896 | 17 369 |
| Other operating income | 40 416 | 63 035 |
| Costs of materials: | (832 794) | (683 304) |
| a) raw materials and auxiliary costs of materials | (739 400) | (619 998) |
| b) other external costs | (93 394) | (63 306) |
| Personnel costs: | (440 278) | (386 029) |
| a) salaries for work | (346 901) | (300 757) |
| b) state social insurance compulsory contributions | (81 979) | (71 778) |
| c) other social insurance costs | (11 398) | (13 494) |
| Depreciation adjustments: | (73 219) | (64 687) |
| a) depreciation adjustments of fixed and intangible assets | (73 219) | (64 687) |
| Other operating costs | (55 359) | (50 381) |
| Interest payments and similar costs: | (5 523) | (4 836) |
| a) to other persons | (5 532) | (4 836) |
| Profit or loss before enterprise income tax | 95 502 | 84 431 |
| Enterprise income tax for the reporting year | (43) | (40) |
| Profit or loss after enterprise income tax calculation | 95 459 | 84 391 |
| The profit or loss for the year | 95 459 | 84 391 |
| Earnings per 1 share (EPS) | 0.226 | 0.200 |
Chairman of the Management Board
Nils Ivars Feodorovs Sarmīte Arcimoviča Valda Mālniece Member of the Management Board
Member of the Management Board, Manager of the Financial and Accounting department
Balance sheet
| Assets | 30.09.2025 EUR |
31.12.2024 EUR |
|---|---|---|
| Long-term investments | ||
| Intangible assets | ||
| Concessions, patents, licenses, trademarks and similar rights |
- | - |
| Intangible assets total | - | - |
| Fixed assets (fixed assets and investment properties) | ||
| Fixed assets | ||
| Immovable properties - land parcels, buildings and constructions |
83 862 | 91 035 |
| Productive animals | 30 947 | 54 048 |
| Technological equipment and machinery | 76 667 | 102 379 |
| Other fixed assets and inventory | 59 475 | 72 527 |
| Fixed assets total | 250 951 | 319 989 |
| Investment properties | 144 000 | 144 000 |
| Long-term financial investments | ||
| Other securities and investments | 684 | 684 |
| Long-term financial investments total | 684 | 684 |
| Long-term investments total | 395 635 | 464 673 |
| Current assets | ||
| Stock | ||
| Raw materials, basic materials and auxiliary materials | 16 211 | 14 446 |
| Ready-made goods and goods for sale | 1 292 104 | 1 162 933 |
| Prepayments for goods | - | 38 445 |
| Stock total | 1 308 315 | 1 215 824 |
| Receivables | ||
| Trade receivables | 542 579 | 470 396 |
| Other receivables | 3 090 | 4 021 |
| Prepaid expenses | 6 593 | 10 270 |
| Accrued income | 23 422 | 20 775 |
| Receivables total | 575 684 | 505 462 |
| Cash | 90 658 | 82 385 |
| Current assets total | 1 974 657 | 1 803 671 |
| Assets total | 2 370 292 | 2 268 344 |
Balance sheet
| Shareholders' equity and liabilities | 30.09.2025 EUR |
31.12.2024 EUR |
|---|---|---|
| Shareholders' equity | ||
| Share capital | 591 416 | 591 416 |
| Retained earnings or loss carried forward from previous years | 1 300 187 | 1 219 399 |
| Profit or loss of the reporting year | 95 459 | 80 788 |
| Shareholders' equity total | 1 987 062 | 1 891 603 |
| Payables | ||
| Long-term payables | ||
| Other loans | 87 965 | 87 965 |
| Long-term payables total | 87 965 | 87 965 |
| Short-term payables | ||
| Other loans | 7 623 | 29 796 |
| Prepayment received from customers | 105 | 1 103 |
| Trade payables | 184 417 | 163 057 |
| Taxes and social insurance payments | 43 338 | 44 565 |
| Other payables | 42 196 | 28 840 |
| Accrued liabilities | 17 586 | 21 415 |
| Short-term payables total | 295 265 | 288 776 |
| Payables total | 383 230 | 376 741 |
| Shareholders' equity and liabilities total | 2 370 292 | 2 268 344 |
Chairman of the Management Board
Nils Ivars Feodorovs Sarmīte Arcimoviča Valda Mālniece Member of the Management Board
Member of the Management Board, Manager of the Financial and Accounting department
Cash flow statement
| 30.09.2025 EUR |
30.09.2024 EUR |
|
|---|---|---|
| Cash flow from operating activities | ||
| Income from sale of goods and provision of services | 1 732 460 | 1 370 581 |
| Payments to suppliers, employees, other expenses arising from basic operations |
(1 704 399) | (1 357 694) |
| Gross cash flow from basic operations | 28 061 | 12 887 |
| Expenses for interest payments | (5 523) | (4 836) |
| Expenses for enterprise income tax payments | (2 879) | (2 583) |
| Net cash flow from operating activities Cash flow from investing activities |
19 659 | 5 468 |
| Purchase of fixed assets and intangible investments | ||
| Income from dispossession of fixed assets | (7 014) 7 275 |
(33 431) 38 668 |
| Net cash flow from investing activities Cash flow from financing activities |
261 | 5 237 |
| Subsidies received as a state support | 16 453 | 3 156 |
| Expenses for the redemption of a leased fixed asset | (22 173) | (15 252) |
| Dividends paid | - | (21 122) |
| Net cash flow from financing activities | (5 720) | (33 218) |
| Result of foreign exchange rate fluctuations | (5 927) | (3 996) |
| Net increase or decrease of cash and its equivalents | 8 273 | (26 509) |
| Cash and its equivalents balance at the beginning of the reporting year |
82 385 | 154 235 |
| Cash and its equivalents balance at the end of the reporting year |
90 658 | 127 726 |
Chairman of the Management Board
Nils Ivars Feodorovs Sarmīte Arcimoviča Valda Mālniece Member of the Management Board
Member of the Management Board, Manager of the Financial and Accounting department
Statement on changes in shareholders' equity
| Share capital |
Retained earnings carried forward from previous years |
Profit of the reporting year |
Shareholders' equity total |
|
|---|---|---|---|---|
| EUR | EUR | EUR | EUR | |
| 31.12.2023 | 591 416 | 1 175 086 | 65 435 | 1 831 937 |
| Profit of 2023 transferred to retained earnings of previous years Dividends distributed Profit of the reporting year |
- - - |
65 435 (21 122) - |
(65 435) - 84 391 |
- (21 122) 84 391 |
| 30.09.2024 | 591 416 | 1 219 399 | 84 391 | 1 895 206 |
| 31.12.2024 | 591 416 | 1 219 399 | 80 788 | 1 891 603 |
| Profit of 2024 transferred to retained earnings of previous years Profit of the reporting year |
- - |
80 788 - |
(80 788) 95 459 |
- 95 459 |
| 30.09.2025 | 591 416 | 1 300 187 | 95 459 | 1 987 062 |
Chairman of the Management Board
Nils Ivars Feodorovs Sarmīte Arcimoviča Valda Mālniece Member of the Management Board
Member of the Management Board, Manager of the Financial and Accounting department
Report on Management Liability
Based on information at the Management Board's possession the financial information for the nine months of the year 2025 has been prepared according to the effective requirements of legislative enactments and provide a true and fair view of the joint stock company's 'Siguldas ciltslietu un mākslīgās apsēklošanas stacija' assets, liabilities, financial condition and profit, and the management report contains true information.
Financial information is prepared in accordance with the same item recognition and assessment principles which were used in the preparation of the annual report.
Financial information for the nine months of the year 2025 has not been audited by a sworn auditor.
Nils Ivars Feodorovs Sarmīte Arcimoviča Valda Mālniece
Chairman of the Management Board
Member of the Management Board, Manager of the Production and Marketing department
Member of the Management Board, Manager of the Financial and Accounting department