SIA “Banga LTD”, a Latvian canned seafood manufacturer, achieved sales of EUR 6.14 million in the first quarter of 2026, representing an increase of 15.84% compared to the corresponding period in 2025.
“The company’s performance indicators for the first quarter of 2026 demonstrate continued growth in sales volumes compared to the previous reporting period. Despite rising raw material prices and increased labor costs, the company has successfully maintained profitability at the previous level, generating a profit of EUR 734,125. Stable profitability and growth indicators enable us to continue our ongoing investment policy focused on the sustainability of production processes and maintaining stable production capacity,” says Raivis Veckagans.
SIA “Banga LTD” is the leading canned seafood producer in the Baltic region. The company’s production facility is located in Roja, Talsi Municipality, Latvia. SIA “Banga LTD” manages the full canned seafood production cycle. The company exports its products to five continents and more than 47 countries, including Europe, the United States, Japan, and Australia. Its customer base includes wholesale and distribution companies as well as international retail chains. Products are manufactured using high-quality fish raw materials supplied by seafood processing companies from Latvia, Norway, Spain, Chile, and the Faroe Islands. Product quality is certified according to IFS (International Featured Standards), MSC (Marine Stewardship Council), and ASC (Aquaculture Stewardship Council). The company’s product portfolio includes more than 50 canned seafood products marketed under the BANGA brand and private label brands.