LAU Infra Group – Building Infrastructure for the Future

Become a co-owner of one of the region’s leading infrastructure companies – invest in mobility and security!

View Prospectus How to subscribe for shares?

About LAU Infra Grupa

State and municipal infrastructure spans the entirety of Latvia
Maintaining a 20,000+ km road network

State and municipal infrastructure spans the entirety of Latvia

Includes engineers, technicians, and infrastructure experts
A team of 1,000+ professionals

Includes engineers, technicians, and infrastructure experts

An efficient regional network that runs throughout Latvia
Nationwide coverage

An efficient regional network that runs throughout Latvia

An in-house resource base ensures a stable and continuous supply of materials
32+ mineral extraction sites

An in-house resource base ensures a stable and continuous supply of materials

A full-cycle company – from material extraction to maintenance and construction
A vertically integrated infrastructure company

A full-cycle company – from material extraction to maintenance and construction

Focusing on digitalization, efficiency, and market expansion
Strategic growth and development

Focusing on digitalization, efficiency, and market expansion

Offer Terms and Indicative Timetable

Issuer LAU Infra Grupa AS

Offer Price per Share EUR 1.57

LAU Infra Grupa Offer Size Up to 5,120,337 shares, representing up to EUR 8 million

Additional Offer (if demand exceeds the base offer) Up to 1,280,084 shares, representing up to EUR 2 million

Listing Nasdaq Riga Regulated Market, Official List

Subscription Period 10–19 June 2026 

End of Offer 19 June 2026 at 15:30 EET*
Announcement of Offer Results Around 26 June 2026

Settlement Around 30 June 2026**
First Day of Trading on the Exchange Around 3 July 2026

* The deadline for submitting subscription orders may vary depending on the investor’s chosen bank or investment brokerage firm. Investors should contact their bank or investment brokerage firm to confirm the applicable submission deadline.

* * For the purposes of the settlement process, investors will be granted rights to the shares on this date. Following the share capital increase, these rights will be automatically converted on a one-for-one basis into the offer shares in investors’ accounts around 2 July 2026.

How to Subscribe for Shares?

Open an Investment or Securities Account

Open an Investment or Securities Account

You will need a securities account with any bank or investment brokerage firm in Latvia or the other Baltic states.

Submit Your Subscription Order

Submit Your Subscription Order

In your online banking platform, navigate to the “Investments” or “Securities” section and locate the LAU Infra Grupa share subscription offer. Alternatively, contact your bank by phone or email.

 

ISIN: LV0000110906
Share Price: EUR 1.57

Confirm Your Participation

Confirm Your Participation

Specify the number of shares you wish to subscribe for and confirm your application. Following the announcement of the IPO results, the shares allocated to you are expected to be credited to your account around 30 June 2026 and will be available for trading from the first day of trading on the exchange.

A full list of banks and investment brokerage firms through which subscriptions can be submitted during the offer period is available here: https://nasdaqbaltic.com/statistics/en/members

Growth Strategy Following the IPO

610

Growth in New Markets

Expansion of operations beyond Latvia, strengthening the company’s presence in the Baltic States and Scandinavia. IPO proceeds are intended to support growth in new markets, the development of partnerships, and working capital needs for projects abroad.

598

Strategic and Security Infrastructure

Expansion of operations in strategic infrastructure segments, including border protection, military mobility and other engineering projects, where the company has already accumulated practical experience and expertise.

602

Modernisation and Efficiency

Investments in innovative technologies, specialised equipment and digitalisation to increase productivity, develop new services and strengthen competitiveness.

290

The circulatory system of the national economy and the foundations of security

LAU Infra Grupa (formerly known as “Latvijas autoceļu uzturētājs”) is a joint-stock company operating under free-market conditions. It ensures the maintenance and development of state and municipal road infrastructure.

The company is evolving from a traditional road maintenance company into a vertically integrated infrastructure group, expanding its operations into construction, mineral extraction, and other infrastructure-related segments. LAU Infra Grupa ensures that critical infrastructure remains functioning, including through involvement in defense-related projects that strengthen national mobility and security.

476

Investments, data and defense

By expanding its operations in the region, the company is developing its operational capacity and positioning itself as an infrastructure partner in the Baltics and Scandinavia. Growth in the defense infrastructure segment strengthens our professional competencies and technical capacity, while digital solutions promote more efficient, data-driven management and a scalable business model.

472

Growth and returns for investors

The planned capital raising will be used for the company’s future development through an expansion of operations, focusing on long-term value creation. Simultaneously, the company follows a balanced shareholder policy, ensuring both growth and regular dividend payments.

1
2
3

Development Timeline

2006
Founding of the Company
Four state-owned companies merged.
2014
State-delegated Function
The commencement of daily maintenance for state-owned roads and highways.
2023
Operation in the Free Market
The company fully transitions to operating under competitive conditions.
2024
Industry Leader
Now a TOP 5 company in the construction industry by net turnover.
2026
IPO
Planned Initial Public Offering.

Financial Results for 2025

EUR 97.1 million
Revenue
EUR 13.9 million
EBITDA
(Margin 14.4%)
EUR 7.4 million
Net profit
(Margin 7.6%)
EUR 9.3 million
Development investments
EUR 6.7 million
Planned dividends
(to be paid out in 2026 from the 2025 net profit)
14.6%
ROE %
(Return on Equity)

Prospectus and Financial Information

Prospectus

View

Financial Results for the First Three Months of 2026

View

2025 audited financial results

View

2024 audited financial results

View

2023 audited financial results

View

Articles of Association

View

Turnover Timeline, mill. €

2014
63,8
2024
94,7
2025
97,1
* Based on financial forecasts and a planned dividend payout ratio of 90% of profit in 2026 and 2027.
7 %
annual dividend yield over the next two years*

Resources

Sustainability Report

View Report

News

Read news

FAQ (Frequently Asked Questions)

  1. Open an investment or securities account at your commercial bank registered in the Baltics.
  2. Deposit the desired investment amount into the account.
  3. Submit an application for the desired number of shares.

An Initial Public Offering (IPO) is a strategic step in the company’s long-term development. Its goal is to attract capital for investments in technology, service diversification, improved work capacity, and entry into new markets, while reducing state participation in the company. This will allow the company to transform into a dynamic market player with transparent governance.

The company has proven its ability to operate under free-market conditions and ensure stable profits, and it is fully ready for regional expansion, which requires additional capital and public company status. This is the right moment for the next stage of development.

LAU Infra Grupa works throughout the full lifecycle of road maintenance – from daily service tasks to complex infrastructure construction. Revenue is generated from:

  • The maintenance of state and municipal roads (summer and winter season works).
  • Infrastructure construction, including complex and strategically significant projects.
  • The production and sale of mineral materials from our own quarries.
  • Specialized services in the commercial market and municipal segment.

By investing in LAU Infra Grupa, you acquire a stake in a stable, profitable company on a growth path. Key benefits include the potential for long-term share value appreciation and regular dividend payments.

Yes. LAU Infra Grupa has demonstrated convincing financial growth and has been profitable for more than 10 years. In 2025, the company’s profit reached €7.7 million, and the year before, in 2024, it was €6.9 million.

Our focus is directed toward three areas:

  1. Regional scaling: Entry into foreign markets.
  2. The defense sector: The construction of specialized objects amid increasing investments in regional security.
  3. Efficiency improvement: Digitalization and automation that increase profitability per maintained kilometer.

State road maintenance is one of the company’s main business directions. At the same time, operating under free-market conditions, the company’s growth strategy is based on modernization, expansion outside of Latvia, and broadening its service portfolio. The company successfully competes in open tenders and is continuing to develop a business model suited for export markets to diversify revenue streams.

Yes. LAU Infra Grupa’s shareholder policy stipulates that the company regularly pays out a portion of its profits as dividends.

Capital raising serves several purposes, including investing funds from the new share issue into new business lines, new markets, and modernization. Additionally, the sale of existing shares will allow the state to gain income from the capitalization of its assets while still maintaining a strategic stake.

LAU Infra Grupa shares will be listed on the Nasdaq Riga Baltic Official List.

The opportunity to invest in LAU Infra Grupa and become a co-owner is available to anyone interested – including current and potential clients, as well as those who support the company’s development and values.