AS Eesti RaudteeRegistered
Key figures
Ratios
2025Balance sheet structure
Quarterly figures
| Quarter | Revenue | Number of employees | Labour taxes |
|---|---|---|---|
| Q3 2026 | 8 366 264 € | 733 | 3 138 487 € |
| Q2 2026 | 7 868 507 € | 731 | 3 680 618 € |
| Q1 2026 | 11 026 756 € | 706 | 2 869 599 € |
| Q4 2025 | 7 871 034 € | 696 | 2 890 125 € |
| Q3 2025 | 10 594 085 € | 703 | 2 976 684 € |
| Q2 2025 | 8 608 893 € | 705 | 3 422 241 € |
| Q1 2025 | 16 015 245 € | 703 | 2 888 444 € |
Source: Tax Board open data — based on VAT returns, may not exactly match revenue in the annual report. Updated quarterly.
Summary of financial statements2019–2025
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | |
|---|---|---|---|---|---|---|---|
| Balance sheet — assets | |||||||
| Total current assets | 47 641 000 | 55 644 000 | 62 169 000 | — | 82 779 000 | 97 658 000 | 133 785 000 |
| Total non-current assets | 294 957 000 | 301 217 000 | 312 248 000 | — | 407 045 000 | 498 882 000 | 601 579 000 |
| Total assets | 342 598 000 | 356 861 000 | 374 417 000 | 417 654 194 | 489 824 000 | 596 540 000 | 735 364 000 |
| Balance sheet — liabilities and equity | |||||||
| Current liabilities | 30 540 000 | 13 603 000 | 18 413 000 | — | 31 384 000 | 52 112 000 | 39 917 000 |
| Non-current liabilities | 153 030 000 | 167 141 000 | 179 887 000 | — | 282 323 000 | 368 311 000 | 519 330 000 |
| Total liabilities | 183 570 000 | 180 744 000 | 198 300 000 | — | 313 707 000 | 420 423 000 | 559 247 000 |
| Share capital | 70 303 000 | 80 303 000 | 80 303 000 | — | 80 303 000 | 80 303 000 | 80 303 000 |
| Retained earnings of previous periods | 76 158 000 | 84 606 000 | 91 341 000 | — | 91 341 000 | 91 341 000 | 91 341 000 |
| Profit for the year | 8 893 000 | 7 089 000 | 0 | — | 0 | 0 | 0 |
| Reserves and other equity | 3 674 000 | 4 119 000 | 4 473 000 | — | 4 473 000 | 4 473 000 | 4 473 000 |
| Total equity | 159 028 000 | 176 117 000 | 176 117 000 | — | 176 117 000 | 176 117 000 | 176 117 000 |
| Income statement | |||||||
| Sales revenue | 39 517 000 | 31 095 000 | 32 785 000 | 29 392 000 | 28 581 000 | 28 125 000 | 31 231 000 |
| Operating profit | 9 212 000 | 7 414 000 | 265 000 | — | −337 000 | −557 000 | −598 000 |
| EBITDA | 29 745 000 | 32 743 000 | 22 360 000 | — | 23 843 000 | 27 377 000 | 37 245 000 |
| Profit before income tax | 8 893 000 | 7 089 000 | 0 | — | −337 000 | 0 | 0 |
| Profit for the reporting year | 8 893 000 | 7 089 000 | 0 | — | 0 | 0 | 0 |
| Labour costs | 18 164 000 | 18 411 000 | 18 732 000 | — | 22 110 000 | 24 773 000 | 26 005 000 |
| Depreciation of non-current assets | 20 533 000 | 25 329 000 | 22 095 000 | — | 24 180 000 | 27 934 000 | 37 843 000 |
| Other indicators | |||||||
| Employees | 725 | 686 | 675 | 676 | 688 | 707 | 704 |
| Calculated dividend | — | 0 | 0 | — | — | 0 | 0 |
A dash (—) means the report has not been filed or the line is not reported; 0 is a zero stated in the report.
Risks and obligationsAll clear
Data from public registers, not a credit rating.
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Public procurement
2 contractsPublic contracts won worth 3 500 000 € from 2 contracting authorities (20.09.2023–01.03.2024).
| Tender | Contracting authority | Amount | Awarded |
|---|---|---|---|
| Tartu-Tallinn kiudoptiliste liinide kasutusõigus | Haridus- ja Teadusministeerium | 2 000 000 € | 01.03.2024 |
| Optilise kaabli rent | Riigi Infosüsteemi Amet | 1 500 000 € | 20.09.2023 |
The company is itself a contracting authority: 268 tenders. View tenders →
Source: Public Procurement Register open data from October 2023. All public tenders
Annual reportsPDF, XBRL
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Source: e-Business Register (RIK). Files open/download directly from the official register.
Summary: AS Eesti Raudtee
Overview
AS Eesti Raudtee (registry code 11575838) is a public limited company (AS). The company was entered in the Commercial Register in 2009 and has been registered for 17 years. Registered location: Põhja-Tallinna linnaosa, Tallinn, Harju maakond. According to the latest annual report, the main activity is other service activities incidental to land transportation (EMTAK 52219). The company is registered for VAT (VAT number EE101273859).
Financial results
Revenue in financial year 2025 was 31 231 000 €, up 11,0% on the previous year (28 125 000 €). From 2019 to 2025, revenue declined by an average of 3,8% per year. The company was profitable in 2 of the 6 published financial years. In financial year 2025 the company had 704 employees (707 a year earlier). Revenue per employee was 44 362 €. At the end of financial year 2025, total assets were 735 364 000 € and equity 176 117 000 € (23,9% of assets).
Latest quarterly figures
According to the Tax and Customs Board, turnover in Q3 2026 was 8 366 264 €, down 21,0% on the same quarter a year earlier. The company had 733 employees in that quarter. Labour taxes paid in the quarter: 3 138 487 €. Based on labour taxes, the estimated average gross salary in Q3 2026 was about 2650 € per month.
Management and owners
The management board has 3 members. The supervisory board has 4 members. The sole owner of the company is KLIIMAMINISTEERIUM.
Data sources and freshness
Register data (name, address, legal form, management board and owners) come from the Commercial Register of the Centre of Registers and Information Systems (RIK); changes are read from RIK every night. Financial figures come from annual reports; the latest report (financial year 2025) was filed on 01.04.2026. Quarterly turnover, employee numbers and labour taxes come from the open data of the Tax and Customs Board (EMTA); latest quarter Q3 2026. Changes, averages and ratios are calculated by entity.ee from open data and are not an official assessment.