business
Amber Latvijas Balzams in red amid volume slide
Key takeaways
- Amber Latvijas Balzams posted a 29.6% fall in turnover to €11.1m on the back of a more than 36% drop in volumes.
- Stoli is owned by SPI Group Holding, itself a “major” shareholder in Amber Beverage Group.
- In 2025, Amber Latvijas Balzams’ revenue fell 4.8% to €74.5m, while net profit dropped 39% to €2.5m.
Amber Latvijas Balzams in red amid volume slide https://www.shutterstock.com/image-photo/latvia-riga-14-may-2023-glass-2316586161?tracking Id=e7c7dc0f-5643-44e1-bb66-ae13b4b6e3f0&list Id=search Results · Just Drinks · Tanya Keisha/Shutterstock.com Dean Best Tue, June 9, 2026 at 7:45 PM GMT+7 2 min read BAL1R.RG Amber Latvijas Balzams moved into the red in the first quarter amid a slump in volumes.
The company, which is central to the financial problems at the wider Amber Beverage Group, booked a first-quarter loss of €1.4m ($1.6m) for the opening three months of 2026, compared to a profit of €800,000 a year earlier.
Amber Latvijas Balzams posted a 29.6% fall in turnover to €11.1m on the back of a more than 36% drop in volumes.
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