Tallinn/Riga/Vilnius, Nasdaq Baltic Market, February 7, 2025 – Nasdaq (NDAQ) is proud to reveal the winners of the Nasdaq Baltic Awards 2025, celebrating excellence in transparency, corporate governance, and investor relations. These awards recognize the outstanding efforts of Nasdaq Baltic-listed companies and their vital contributions to the growth and development of both the Baltic and local capital markets.

"Over the past 20 years, the overall quality of investor relations in the Baltics has made outstanding progress. Being a truly transparent company and going the extra mile in communicating with investors is now considered a standard practice by most listed companies," said Kaarel Ots, Head of the Nasdaq Baltic Exchanges.

"Well-planned and well-executed investor relations are essential for creating and maintaining investors' trust. The efforts of each public company are also crucial in maintaining a stable and trusted marketplace for all stakeholders. By celebrating this year's winners, we honor their impact on the Baltic capital market. Each of them sets a new benchmark for excellence, serving as an example and inspiration for others," Ots added.

How the Winners Were Selected

Nasdaq Baltic-listed companies were evaluated based on their achievements in:

• Transparency and investor relations
• Good governance practices
• Trading activity
• Market perception by analysts and professional investors

And the Winners Are 

The 2025 edition of the Nasdaq Baltic Awards recognized Baltic Market listed companies, exchange members, opinion leaders, and other capital market participants in the following categories:

Investor Relations of the Year

1^st place – LHV Group (Estonia)

2^nd place – Ignitis Grupe (Lithuania)

3^rd place – Tallink Grupp (Estonia)

Best Investor Relations on Bond List:

1^st place – Latvenergo (Latvia)

2^nd place – Citadele banka (Latvia)

3^rd place – Attīstības finanšu institūcija Altum (Latvia)

Best Investor Relations on First North Share List:

1^st place – NEO Finance (Lithuania)

2^nd place – TextMagic (Estonia)

3^rd place – VIRŠI-A (Latvia)

Best Investor Relations on First North Bond List:

1^st place – CleanR Grupa (Latvia)

2^nd place – Summus Capital (Latvia)

3^rd place – Eco Baltia (Latvia)

Stock Exchange Member of the Year:

1^st place – LHV Pank (Estonia)

2^nd place – Swedbank AS (Estonia)

3^rd place – Šiaulių Bankas (Lithuania)

Additionally, there were two local awards given out on each market:
Stock Exchange Highlight of the Year and Capital Market Coverage of the Year.

Stock Exchange Highlight of the Year:

Estonia – Estonian Government Bonds for Retail Investors

Latvia – Eleving Group IPO

Lithuania – Šiaulių bankas

Capital Market Coverage of the Year:

Estonia – Äripäev’s article titled “Would you stick your head in the oven? … If a star investor asks you to”

Latvia – Raivis Vilūns ”Delfi.lv”; Kristaps Pētersons “Mediāna”

Lithuania – Verslo žinios column “Mano Pinigai”

The winners of the pan-Baltic categories, along with the 2nd and 3rd place winners of the Investor of the Year category, have traditionally received an invitation to ring the bell at the Nasdaq MarketSite in New York later this year.

About the Nasdaq Baltic Awards

The evaluation methodology for the Nasdaq Baltic Awards was developed by an independent international assessment committee and the Baltic exchanges. It includes an assessment of securities trading, public disclosures, and surveys of professional market analysts and journalists. Both local and international experts in corporate governance and investor relations conduct assessment of listed companies and stock exchange members. The committee is chaired by corporate governance expert Geoffrey Mazullo. For the 2025 edition of the Awards, the evaluation covers reports published by listed companies from January 2023 to June 2024.
   

Media relations contact:
Sanita Gailane
sanita.gailane@nasdaq.com
+371 252 777 33