On 9 June, joint-stock company Latvijas valsts meži (LVM) paid dividends of €186.1 million into the State Treasury's account.
According to the annual report approved by LVM's shareholder, the company closed 2025 with an audited net profit of €206.7 million. 90% of that profit, or €186.1 million, has been paid into the Treasury as dividends, topping up the state budget, and a further €46.5 million will be paid as corporate income tax on the dividends. In total, LVM will pay out 112.5% of its 2025 profit in dividends and corporate income tax on dividends combined.
In total, contributing to the welfare of Latvia's residents, LVM will have paid €262 million into the state and municipal budgets for the 2025 reporting year, the largest contribution to the state in the company's entire history. Beyond the dividend payments and corporate income tax on dividends, the company's 2025 operations also contributed €16.7 million in labour taxes through mandatory state social insurance contributions, almost €8.5 million in personal income tax, and €4 million in real estate and natural resource taxes.
