Company · 46.35 · Wholesale trade

SIA PHILIP MORRIS LATVIA

Address confidence: Confirmed

Show on the map Find website Sector: Trade

Turnover · 2025

63.8 M €

-3% vs previous year

Employees

Turnover per employee: 2.1 M €

Taxes paid · 2024

139.4 M €

Payroll fund / employees: 55 k €

Payroll fund · 2024 estimate

1.6 M €

Wage estimate, gross: 4,740 €

Tax breakdown · 2026 Q3

Total paid to VID 42.4 M €

Personal income tax 250 k €

Social contributions 138 k €

VAT paid · after deductions 8.6 M €

VAT refunded by the state 0 €

Money paid to and returned by the tax office during the quarter, not tax charged. VAT on purchases is already deducted inside the payment — it does not appear here separately. A refund arises only when deductions exceed the VAT charged on sales: for exporters, intra-EU suppliers, and under the domestic reverse charge (construction, timber, scrap metal), not for every company with large purchases. Compare with the turnover of the same quarter, not of the year.

Quarterly history

Quarter	Total paid to VID	Personal income tax	Social contributions	VAT paid · after deductions	VAT refunded by the state
2026 Q3	42.4 M €	250 k €	138 k €	8.6 M €	0 €
2026 Q2	38.8 M €	174 k €	189 k €	8.0 M €	0 €
2026 Q1	33.1 M €	206 k €	192 k €	6.9 M €	0 €
2025 Q4	33.5 M €	178 k €	144 k €	7.0 M €	19 k €
2024	139.4 M €	519 k €	562 k €	—	—
2023	131.0 M €	456 k €	479 k €	—	—
2022	124.8 M €	377 k €	393 k €	—	—

Financial health · From the 2025 balance sheet

Net profit1.5 M €

Total assets31.3 M €

Equity2.0 M €

Current ratio1.0

Quick ratio0.8

Debt to equity14.6

Equity ratio6.4%

Return on assets4.8%

Return on equity75.4%

Cross-section against the peer median

Compared with companies under NACE code 46.35 — 17.

Turnover

×112

63.8 M € 568 k €

Employees

×4.3

30 7

Taxes paid

×6,876

42.4 M € 6 k €

Payroll

×51

1.6 M € 32 k €

Logarithmic scale

÷10÷3×1×3×10

Position among peers

Turnover

above 94% of peers

Employees

above 88% of peers

This company Peer median · 17

Indicators

Turnover per employee 2.1 M € ×26.2 of the median

Margin 2.4%

Year on year -3%

Payroll fund estimate 1.6 M €

Registration number 40003482799

Registered address Rīga, Krišjāņa Valdemāra iela 62

panel.caveats

Building coordinate from the State Address Register. Figures come from public registers. Wage, export share and address confidence are estimates and are always labelled as such.

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Filed annual reports

Figures the company filed itself. Bar length shows size within the column; the longest is its best year. An empty cell means no report for that year — not a zero.

Year	Turnover	Net profit	Assets	Employees
2025	63.8 M €	1.5 M €	31.3 M €	30
2024	65.7 M €	1.2 M €	20.8 M €	27
2023	73.8 M €	1.1 M €	19.8 M €	30
2022	73.8 M €	632 k €	19.2 M €	27
2021	71.4 M €	560 k €	19.4 M €	25
2020	111.9 M €	216 k €	58.0 M €	28

Source: annual reports from the Register of Enterprises, as filed. A missing year is a missing report, not a loss.

Foreign trade of the industry · 2025

All companies in division 46 — Wholesale trade — not this company. Trade by individual firms is not published by law; by industry it is.

Industry goods exports

7.9 bn €

Industry goods imports

11.1 bn €

Goods exports to turnover estimate

37%

Industry goods exports against the turnover of its companies on this site: two sources, so only the order of magnitude holds. A share this high is why companies in the industry pay little net VAT: exported goods carry no VAT.

Exported most: Machinery and electrical equipment — 1.5 bn €, Vegetable products — 852.9 M €, Chemical products — 846.2 M €

Source: Official Statistics of Latvia, table ATN011, goods trade by the activity of the trading enterprise. “Not published” means the figure would identify a single firm — it is not a zero.