Mariner Finance plc, a Hili company, expects to build on the performance of its Latvian operations in 2026, with revenue projected to surpass €22 million and profits forecast to continue growing.

According to the company's latest Financial Analysis Summary, total revenue is expected to increase by 4.9 per cent to €22.4 million in 2026, up from €21.4 million in 2025. The anticipated growth is primarily driven by Baltic Container Terminal (BCT), the group's main operating asset in Latvia, which is forecast to generate €21.9 million in revenue during the year.

BCT operates a container terminal at the Port of Riga and remains the group's principal source of income. The company expects container handling volumes to rise by 2.8 per cent to 365,057 twenty-foot equivalent units (TEUs) in 2026, while revenue from container services is projected to increase by almost 6 per cent to €13.3 million.

The group's earnings before interest, tax, depreciation and amortisation (EBITDA) are forecast to reach €11.6 million, representing an increase of 5.6 per cent over the previous year. Operating profit is expected to climb by 6.2 per cent to €9 million.

Mariner Finance is also forecasting a 3 per cent increase in profit after tax to €5.73 million despite higher finance costs linked to increased bank borrowings supporting ongoing investment programmes.

The company plans to continue investing in infrastructure at BCT, with capital expenditure projected at €4.3 million during 2026. Operating cash flow is expected to strengthen further, rising to €8.4 million, while free cash flow is forecast to exceed €4.1 million.

In addition to its container terminal operations, Mariner Finance owns the Merkela Building in Riga, a commercial property leased to several tenants including McDonald's Latvia. Rental income from the property is expected to increase to €544,000 in 2026 as occupancy levels improve further.

The Financial Analysis Summary notes that Latvia's economy is expected to continue expanding in 2026, with GDP growth projected at 1.4 per cent, providing a supportive backdrop for the group's operations.