Tartu Mill ASRegistered
Key figures
66 279 587 €+3,0%
Revenue 2025
+6,6%
Average annual growth 2019–2025
Ratios
202512,4%
Profit margin
9,7%
EBITDA margin
70,3%
Equity ratio
1,5×
Current ratio
19,8%
Return on equity
2748 €
Average gross salary
Profit exceeds EBITDA because of financial income (e.g. dividends or interest), which EBITDA does not include.
Balance sheet structure
Current assetsNon-current assetsLiabilitiesEquity
Quarterly figures
| Quarter | Revenue | Number of employees | Labour taxes |
|---|---|---|---|
| Q2 2026 | 21 769 305 € | 74 | 330 165 € |
| Q1 2026 | 19 568 996 € | 73 | 373 488 € |
| Q4 2025 | 21 429 924 € | 74 | 383 639 € |
| Q3 2025 | 22 549 369 € | 77 | 371 184 € |
| Q2 2025 | 22 675 573 € | 77 | 315 947 € |
| Q1 2025 | 20 538 927 € | 75 | 348 211 € |
Source: Tax Board open data — based on VAT returns, may not exactly match revenue in the annual report. Updated quarterly.
Dividends
calculated2025
Distributed as dividends 7 309 570 € (30% of distributable profit).
History
20257 309 570 €
20243 723 438 €
20230 €
2022595 213 €
20210 €
2020500 000 €
Previous year's retained earnings + previous year's profit − current retained earnings.
Summary of financial statements2019–2025
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | |
|---|---|---|---|---|---|---|---|
| Balance sheet — assets | |||||||
| Total current assets | 20 158 364 | 21 446 758 | 23 203 027 | 28 723 400 | 21 410 610 | 20 152 646 | 23 544 854 |
| Total non-current assets | 23 796 606 | 24 348 227 | 26 093 578 | 35 900 967 | 36 306 497 | 37 775 464 | 35 124 690 |
| Total assets | 43 954 970 | 45 794 985 | 49 296 605 | 64 624 367 | 57 717 107 | 57 928 110 | 58 669 544 |
| Balance sheet — liabilities and equity | |||||||
| Current liabilities | 20 315 151 | 16 862 941 | 20 217 109 | 25 215 700 | 15 736 956 | 16 214 417 | 16 221 488 |
| Non-current liabilities | 7 152 043 | 9 655 588 | 7 785 725 | 14 565 226 | 6 842 925 | 1 334 716 | 1 192 789 |
| Total liabilities | 27 467 194 | 26 518 529 | 28 002 834 | 39 780 926 | 22 579 881 | 17 549 133 | 17 414 277 |
| Share capital | 8 882 100 | 8 882 100 | 8 882 100 | 8 882 100 | 8 882 100 | 8 882 100 | 8 882 100 |
| Retained earnings of previous periods | 2 587 678 | 6 045 845 | 9 334 525 | 10 756 627 | 12 402 510 | 15 672 857 | 17 328 476 |
| Profit for the year | 3 958 167 | 3 288 680 | 2 017 315 | 4 144 883 | 6 993 785 | 8 965 189 | 8 185 860 |
| Reserves and other equity | 1 059 831 | 1 059 831 | 1 059 831 | 1 059 831 | 6 858 831 | 6 858 831 | 6 858 831 |
| Total equity | 16 487 776 | 19 276 456 | 21 293 771 | 24 843 441 | 35 137 226 | 40 378 977 | 41 255 267 |
| Income statement | |||||||
| Sales revenue | 45 081 330 | 44 588 022 | 49 944 868 | 66 151 965 | 72 160 075 | 64 356 865 | 66 279 587 |
| Operating profit | 4 680 872 | 3 874 618 | 2 307 119 | 4 530 223 | 7 281 762 | 6 741 391 | 5 012 277 |
| EBITDA | 5 389 141 | 4 792 189 | 3 280 143 | 5 615 292 | 8 417 510 | 7 980 871 | 6 455 685 |
| Profit before income tax | 4 158 167 | 3 395 279 | 2 017 315 | 4 230 693 | 7 586 947 | 9 164 486 | 8 222 527 |
| Profit for the reporting year | 3 958 167 | 3 288 680 | 2 017 315 | 4 144 883 | 6 993 785 | 8 965 189 | 8 185 860 |
| Labour costs | 1 888 304 | 1 981 128 | 2 008 867 | 2 236 075 | 2 585 801 | 2 818 780 | 3 330 428 |
| Depreciation of non-current assets | 708 269 | 917 571 | 973 024 | 1 085 069 | 1 135 748 | 1 239 480 | 1 443 408 |
| Other indicators | |||||||
| Employees | 52 | 51 | 52 | 53 | 57 | 62 | 70 |
| Calculated dividend | — | 500 000 | 0 | 595 213 | 0 | 3 723 438 | 7 309 570 |
A dash (—) means the report has not been filed or the line is not reported; 0 is a zero stated in the report.
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