Lidl Latvija turnover increases 7.5% to 495.6 million euros

Lidl Latvija reported a 7.5% increase in turnover for the 2025 financial year, reaching 495.6 million euros compared to 460.8 million euros the previous year. The company is currently in an investment phase, having allocated 20.3 million euros toward development, including the expansion of its store network with new locations in Bauska and Krustkalni.

During this period, the retailer focused on technological infrastructure and digital solutions, such as the introduction of the contactless payment system ‘Lidl Pay’. CEO Janusz Przemyslaw Wlodarczyk stated that the company’s priority remains providing the best price-quality ratio and maintaining price competitiveness despite global food price fluctuations.

Financially, Lidl Latvija managed to reduce its losses by nearly half, from 18.3 million euros to 10.9 million euros. Additionally, the company was noted as one of the largest taxpayers in Latvia, contributing over 72 million euros to the state budget.