Declared Dividend • May 22
Dividend increased to €0.059 Dividend of €0.059 is 20% higher than last year. Ex-date: 3rd June 2026 Payment date: 12th June 2026 Dividend yield will be 1.5%, which is lower than the industry average of 2.5%. Sustainability & Growth Dividend is well covered by both earnings (16% earnings payout ratio) and cash flows (12% cash payout ratio). The dividend has decreased over the past 36 years, indicating a lack of growth and stability in payments. Earnings per share has grown by 3.4% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Announcement • May 22
AS Virsi-A announces Annual dividend, payable on June 12, 2026 AS Virsi-A announced Annual dividend of EUR 0.0593 per share payable on June 12, 2026, ex-date on June 03, 2026 and record date on June 04, 2026. Announcement • Apr 29
AS Virsi-A, Annual General Meeting, May 20, 2026 AS Virsi-A, Annual General Meeting, May 20, 2026, at 11:00 FLE Standard Time. Location: company`s office, delu iela 4, entrance j, riga, lv-1004, latvia., Latvia Reported Earnings • Apr 24
Full year 2025 earnings released: EPS: €0.37 (vs €0.31 in FY 2024) Full year 2025 results: EPS: €0.37 (up from €0.31 in FY 2024). Revenue: €398.1m (up 4.6% from FY 2024). Net income: €5.61m (up 20% from FY 2024). Profit margin: 1.4% (up from 1.2% in FY 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 28% per year but the company’s share price has only fallen by 3% per year, which means it has not declined as severely as earnings. New Risk • Mar 03
New minor risk - Financial position The company has a high level of debt. Net debt to equity ratio: 44% This is considered a minor risk. Having a high level of debt increases the company's balance sheet risk. The company has a higher interest repayment burden, leading to the need to allocate a greater amount of its earnings towards servicing the debt, potentially limiting growth options or shareholder distributions. It can also increase the risk of bankruptcy if business conditions deteriorate enough that the company can no longer meet its debt obligations. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 7.4% per year over the past 5 years. Minor Risks High level of debt (44% net debt to equity). Latest financial reports are more than 6 months old (reported June 2025 fiscal period end). Market cap is less than US$100m (€61.2m market cap, or US$71.0m). Reported Earnings • Mar 02
Full year 2025 earnings released: EPS: €0.37 (vs €0.31 in FY 2024) Full year 2025 results: EPS: €0.37 (up from €0.31 in FY 2024). Revenue: €398.1m (up 4.6% from FY 2024). Net income: €5.54m (up 19% from FY 2024). Profit margin: 1.4% (up from 1.2% in FY 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 28% per year but the company’s share price has only fallen by 3% per year, which means it has not declined as severely as earnings. New Risk • Feb 24
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2025. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 7.4% per year over the past 5 years. Minor Risks High level of debt (44% net debt to equity). Latest financial reports are more than 6 months old (reported June 2025 fiscal period end). Market cap is less than US$100m (€61.0m market cap, or US$71.9m). Reported Earnings • Aug 12
First half 2025 earnings released: EPS: €0.096 (vs €0.13 in 1H 2024) First half 2025 results: EPS: €0.096 (down from €0.13 in 1H 2024). Revenue: €188.6m (up 1.8% from 1H 2024). Net income: €1.46m (down 27% from 1H 2024). Profit margin: 0.8% (down from 1.1% in 1H 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 37% per year but the company’s share price has only fallen by 4% per year, which means it has not declined as severely as earnings. Announcement • Apr 29
AS Virsi-A, Annual General Meeting, May 21, 2025 AS Virsi-A, Annual General Meeting, May 21, 2025, at 11:00 FLE Standard Time. Location: the ebelmuiza, 21 zalenieku iela, riga, lv-1058, Latvia Announcement • Apr 28
AS Virsi-A Proposes Dividend for the Year 2024, Payable on 12 June 2025 AS Virsi-A announced that at the AGM to be held on 21 May 2025, proposed to pay out in dividends from the profit of 2024 EUR 934,098.24, which corresponds to EUR 747,278.59 after the payment of corporate income tax or EUR 0.0493432 per share; To set 3 June 2025 as the ex-date (the date from which the shares are traded without the right to a dividend), 4 June 2025 as the dividend calculation date and 12 June 2025 as the dividend payment date. Reported Earnings • Apr 25
Full year 2024 earnings released: EPS: €0.31 (vs €0.34 in FY 2023) Full year 2024 results: EPS: €0.31 (down from €0.34 in FY 2023). Revenue: €380.6m (up 11% from FY 2023). Net income: €4.67m (down 8.4% from FY 2023). Profit margin: 1.2% (down from 1.5% in FY 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 28% per year but the company’s share price has only fallen by 3% per year, which means it has not declined as severely as earnings. Reported Earnings • Mar 03
Full year 2024 earnings released: EPS: €0.32 (vs €0.34 in FY 2023) Full year 2024 results: EPS: €0.32 (down from €0.34 in FY 2023). Revenue: €380.6m (up 11% from FY 2023). Net income: €4.82m (down 5.4% from FY 2023). Profit margin: 1.3% (down from 1.5% in FY 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 28% per year but the company’s share price has increased by 1% per year, which means it is well ahead of earnings. New Risk • Feb 24
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2024. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (2.3x net interest cover). Minor Risks Latest financial reports are more than 6 months old (reported June 2024 fiscal period end). Paying a dividend despite having no free cash flows. Profit margins are more than 30% lower than last year (1.1% net profit margin). Market cap is less than US$100m (€62.5m market cap, or US$65.4m). Announcement • Sep 05
AS VIRŠI-A Launches Protected Consumer Trading Service AS VIRŠI-A announced that from now on customers will have access to the support of the Protected Consumer Trading Service, designed to reduce the electricity bill amount per contract. This initiative is designed to support large families, people with disabilities and low-income families by providing financial relief. Under the Support for Protected Consumers, a reduction will be applied to electricity and network services. Data exchange between the electricity trader and the State-maintained database of protected consumers is automated and will ensure easy application of the support. Scope of service: The Protected Consumer Trading Service will be applied on a calendar monthly basis in accordance with the applicable regulatory enactments, which currently state that the amount of support is: For a needy or low-income family (person) - EUR 20; For a family (person) caring for a disabled child - EUR 20 (per disabled child); For a person with disability group or their guardian - EUR 20; For a large family - EUR 25. Reported Earnings • Aug 13
First half 2024 earnings released: EPS: €0.13 (vs €0.21 in 1H 2023) First half 2024 results: EPS: €0.13 (down from €0.21 in 1H 2023). Revenue: €185.3m (up 14% from 1H 2023). Net income: €2.01m (down 36% from 1H 2023). Profit margin: 1.1% (down from 1.9% in 1H 2023). The decrease in margin was driven by higher expenses. New Risk • Aug 09
New major risk - Financial position The company's interest payments are not well covered by earnings. Net interest cover: 2.9x This is considered a major risk. If the company is unable to fund interest repayments on its debt through profits, it may be forced into reducing its debt burden through selling assets, undertaking a potentially costly capital raising or even into bankruptcy in the worst case scenario. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (2.9x net interest cover). Minor Risks Profit margins are more than 30% lower than last year (1.1% net profit margin). Market cap is less than US$100m (€60.8m market cap, or US$66.4m). Announcement • Apr 26
AS Virsi-A, Annual General Meeting, May 17, 2024 AS Virsi-A, Annual General Meeting, May 17, 2024, at 11:00 E. Europe Standard Time. Location: The Art Centre Zuzeum, Lacpleša iela, Riga Latvia Agenda: To consider Reports of the Management Board, the Supervisory Council and statement of the Sworn auditor, approval of Annual report for the year 2023; to consider Distribution of profit; to consider Election of the auditor and setting of the remuneration to the auditor; and to consider Amendments to the Articles of Association. Reported Earnings • Apr 20
Full year 2023 earnings released: EPS: €0.34 (vs €0.69 in FY 2022) Full year 2023 results: EPS: €0.34 (down from €0.69 in FY 2022). Revenue: €343.7m (down 8.4% from FY 2022). Net income: €5.10m (down 51% from FY 2022). Profit margin: 1.5% (down from 2.8% in FY 2022). The decrease in margin was driven by lower revenue. Reported Earnings • Mar 04
Full year 2023 earnings released: EPS: €0.34 (vs €0.69 in FY 2022) Full year 2023 results: EPS: €0.34 (down from €0.69 in FY 2022). Revenue: €343.7m (down 8.4% from FY 2022). Net income: €5.10m (down 51% from FY 2022). Profit margin: 1.5% (down from 2.8% in FY 2022). The decrease in margin was driven by lower revenue. New Risk • Mar 03
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2023. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Minor Risks Latest financial reports are more than 6 months old (reported June 2023 fiscal period end). Short dividend paying track record (1 year of continuous dividend payments). Profit margins are more than 30% lower than last year (2.1% net profit margin). Market cap is less than US$100m (€64.9m market cap, or US$70.3m). Reported Earnings • Aug 17
First half 2023 earnings released: EPS: €0.21 (vs €0.37 in 1H 2022) First half 2023 results: EPS: €0.21 (down from €0.37 in 1H 2022). Revenue: €162.4m (up 5.0% from 1H 2022). Net income: €3.16m (down 44% from 1H 2022). Profit margin: 1.9% (down from 3.6% in 1H 2022). The decrease in margin was driven by higher expenses. Revenue is expected to decline by 4.0% p.a. on average during the next 2 years, while revenues in the Specialty Retail industry in Europe are expected to grow by 6.1%. Announcement • Aug 09
AS Virši-A Introduces the First Robot Barista in the Baltics AS Virsi-A introduced the first robot barista in the Baltic states ? a specialised robotic arm will from delight the visitors of the Spice shopping centre in Riga with freshly roasted Vir?i coffee and more than 20 other drinks, quickly and accurately completing the order in front of the customer and bystanders. The total investment in the project amounts to EUR 150,000. The new service combines the functions of a coffee machine and a robotic arm, offering the possibility to prepare more than 20 drinks for a wide range of tastes ? lovers of classic and cold coffee, vegans, etc. From 8th of August, everyone can try it out by going to the main entrance A of Spice shopping centre on the 2nd floor. Upcoming Dividend • May 25
Upcoming dividend of €0.11 per share at 2.5% yield Eligible shareholders must have bought the stock before 01 June 2023. Payment date: 14 June 2023. Payout ratio is a comfortable 16% and this is well supported by cash flows. Trailing yield: 2.5%. Lower than top quartile of Latvian dividend payers (5.8%). Lower than average of industry peers (3.9%). Announcement • May 22
AS Virsi-A Approves Dividend for the Year 2022, Payable on June 14, 2023 The Board of AS Virsi-A at the regular shareholders' meeting held on 12 May 2023, approved to pay out in dividends from the profit of 2022 EUR 2,074,006.51, which corresponds to EUR 1,659,205.21 after the payment of corporate income tax or EUR 0.1097763 per share; to set 1 June 2023 as the ex-date (the date from which the shares are traded without the right to a dividend), 2 June 2023 as the dividend calculation date and 14 June 2023 as the dividend payment date. Announcement • May 13
VIRSI-A Proposes Dividend for the Year 2022, Payable on 14 June 2023 The Board of VIRSI-A at the regular shareholders' meeting held on 12 May 2023, proposed to pay out in dividends from the profit of 2022 EUR 2,074,006.51, which corresponds to EUR 1,659,205.21 after the payment of corporate income tax or EUR 0.1097763 per share; to set 1 June 2023 as the ex-date (the date from which the shares are traded without the right to a dividend), 2 June 2023 as the dividend calculation date and 14 June 2023 as the dividend payment date. Reported Earnings • Apr 14
Full year 2022 earnings released: EPS: €0.69 (vs €0.49 in FY 2021) Full year 2022 results: EPS: €0.69 (up from €0.49 in FY 2021). Revenue: €375.1m (up 70% from FY 2021). Net income: €10.4m (up 57% from FY 2021). Profit margin: 2.8% (down from 3.0% in FY 2021). The decrease in margin was driven by higher expenses. Revenue is expected to decline by 3.6% p.a. on average during the next 2 years, while revenues in the Specialty Retail industry in Europe are expected to grow by 5.6%. Reported Earnings • Mar 01
Full year 2022 earnings released Full year 2022 results: Revenue: €375.1m (up 70% from FY 2021). Net income: €10.3m (up 56% from FY 2021). Profit margin: 2.7% (down from 3.0% in FY 2021). The decrease in margin was driven by higher expenses. Revenue is expected to decline by 3.6% p.a. on average during the next 2 years, while revenues in the Specialty Retail industry in Europe are expected to grow by 5.0%. Reported Earnings • Aug 11
First half 2022 earnings released First half 2022 results: Revenue: (down 100% from 1H 2021). Net income: (down €2.62m from profit in 1H 2021). Profit margin: (down from 2.7% in 1H 2021). The decrease in margin was driven by lower expenses. Over the next year, revenue is expected to shrink by 16% compared to a 7.4% growth forecast for the industry in Europe. Announcement • May 21
AS "Virsi-A" (RISE:VIRSI) agreed to acquire 20% stake in Skulte LNG Terminal in Latvia. AS "Virsi-A" (RISE:VIRSI) agreed to acquire 20% stake in Skulte LNG Terminal in Latvia on May 20, 2022. Announcement • May 12
AS "Virsi-A", Annual General Meeting, May 12, 2022 AS "Virsi-A", Annual General Meeting, May 12, 2022, at 12:00 Coordinated Universal Time. Location: 74a Gustava Zemgala gatve (Henrihs office building, hall Fantadroms), LV-1039 Riga Latvia Agenda: To consider Reports of the Management Board, the Supervisory Council and statement of the sworn auditor, approval of the Annual report for 2021; to consider distribution of the profit; to consider election of the auditor of the 2022 annual accounts and setting of remuneration to the auditor; and to consider any other matter thereof. Reported Earnings • Mar 02
Full year 2021 earnings: Revenues in line with analyst expectations Full year 2021 results: Revenue: €220.9m (up 29% from FY 2020). Net income: €6.62m (up 58% from FY 2020). Profit margin: 3.0% (up from 2.4% in FY 2020). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Over the next year, revenue is forecast to grow 1.6%, compared to a 16% growth forecast for the retail industry in Europe.