SAF Tehnika more than doubles quarterly revenue in latest financial quarter
Latvian company SAF Tehnika reported revenue of €14.167 million for the quarter from April to June 2026, 2.7 times higher than a year earlier, swinging to a profit after a prior-year loss.
Latvian technology company SAF Tehnika has reported a sharp increase in revenue for the fourth quarter of its financial year, which ended on 30 June 2026. Group revenue reached €14.167 million, 2.7 times higher than the same quarter a year earlier. The company posted a profit of €2.687 million for the quarter, compared to a loss in the same period the previous year.
Regional breakdown
Europe accounted for the largest share of quarterly revenue — 63%, or €9 million — with sales up 4.8 times year-on-year. North and Latin America made up 33% of revenue, or €4.8 million, a 94% increase compared to the same quarter a year earlier. Revenue from Asia, Africa and the Middle East declined, contributing just 3%, or €475,000, of the total. The company attributes quarter-to-quarter fluctuations to the varying scale and complexity of its projects, as well as production and supply timelines that affect when revenue is recognised. During the quarter, products were sold in 63 countries.
Risks and strategy
SAF Tehnika said expenses stayed within planned levels and it continues investing in new product development. While the war in Ukraine has no direct impact on its operations, general business-environment uncertainty persists, compounded by the geopolitical situation in the Middle East, which adds pressure on supply chains. The company continues to build up material reserves and is investing in expanding production capacity in Latvia, placing particular emphasis on supply independence within its defense segment. Its stated goal is to stabilize revenue levels to secure a positive net result in the long term.
For the previous full financial year (July 2024 to June 2025), the group reported revenue of €25.994 million and a loss of €642,642. The SAF Tehnika group includes the Latvian parent company along with US-based SAF North America and SAF Tehnika Asia. As of April 2026, its largest shareholders were Koka zirgs SIA (20.31%), Didzis Liepkalns (17.05%), Normunds Bergs (9.74%) and Juris Ziema (8.71%). SAF Tehnika shares are listed on the Nasdaq Riga official list.
