Virsi-A (VIRSI) investor relations material

Executive summary

• Achieved record market shares in fuel and shop segments, with turnover of €229.7 million for H1 2026, net profit of €4.2 million (+187%), and EBITDA of €10.1 million (+61%).

• Integrated 17 acquired Astarte service stations, with four more pending regulatory approval, expanding the network to 101 stations.

• Completed biomethane production plant, now in test phase, and launched CBG at 11 stations, supporting green energy goals.

• Recognized as a top employer in Latvia, with a workforce of 1,008 and strong focus on sustainability and employee engagement.

• Diversification and growth in energy and convenience store segments contributed to overall performance.

Financial highlights

• Net profit for H1 2026 reached €4.2 million, up 187% year-over-year; EBITDA was €10.1 million, up 61%.

• Turnover for H1 2026 was €229.7 million, up 22% year-over-year.

• Gross profit increased by 23.2% to €25.6 million, driven by fuel and convenience store performance.

• CapEx investments totaled €5.3 million in H1 2026, mainly for station upgrades and new builds.

• Earnings per share before and after dilution were €0.28 (H1 2025: €0.10).

Outlook and guidance

• Full financial benefit from the biomethane plant expected in 2027 after fine-tuning; full integration of Astarte stations by year-end.

• Continued focus on alternative fuels, renewable energy, and circular economy solutions.

• Strategic goal to achieve up to 20% of gross profit from non-fuel segments within five years.

• Profit for the period proposed to be retained for further development.