Puma Energy Baltics AS

Active Registry code 11279011 AS Tallinn Registered 9 Aug 2006

Puma Energy Baltics AS is a AS based in Tallinn, registry code 11279011, status: active. Main activity: Storage services of liquids and gases. According to EMTA, turnover for Q3 2026 was €4 993 371 with 135 employees.

Turnover

4 993 371 €

↓ 14.6% vs Q2 2026

State taxes

709 009 €

↓ 27.3% vs Q2 2026

Labour taxes

720 758 €

↓ 28.9% vs Q2 2026

Employees

135

±0 vs Q2 2026

Q3 2026 · data from the Tax and Customs Board (EMTA)

Position in the industry Warehousing, storage and support activities for transportation · EMTAK 52

Turnover · Q3 2026 5 mn €

above 98% of companies

industry median 38 439 € · companies in the industry: 1 299
Labour taxes per employee 5 339 €

above 91% of companies

industry median 1 714 € · companies in the industry: 884
Revenue · 2025 22.8 mn €

above 98% of companies

industry median 36 293 € · companies in the industry: 2 027
Net profit margin · 2025 -18.6 %

above 14% of companies

industry median 2.9 % · companies in the industry: 1 539

Taxes and turnover

Q4 2023 – Q3 2026

Turnover, € thousand Q3 2026: 4 993 371 € · −14.6% vs Q2 2026 · industry median 38 439 € · above 98% of the industry

Company
Industry median

Industry: Warehousing, storage and support activities for transportation (the EMTAK division of the main activity). Median: half of the industry is above, half below.

Labour taxes per employee, € Q3 2026: 5 339 € · −28.9% vs Q2 2026 · industry median 1 714 € · above 91% of the industry

Company
Industry median

Industry: Warehousing, storage and support activities for transportation (the EMTAK division of the main activity). Median: half of the industry is above, half below.

Employees Q3 2026: 135 · +0.0% vs Q2 2026

State taxes, € thousand Q3 2026: 709 009 € · −27.3% vs Q2 2026

Figures by quarter
Quarter	Turnover, €	State taxes, €	Labour taxes, €	Employees
Q3 2026	4 993 371	709 009	720 758	135
Q2 2026	5 845 092	975 596	1 013 774	135
Q1 2026	6 234 827	743 818	726 319	134
Q4 2025	5 902 868	695 200	709 618	135
Q3 2025	5 478 727	720 138	732 233	134
Q2 2025	6 106 491	1 049 056	1 076 309	134
Q1 2025	6 180 391	752 082	752 630	134
Q4 2024	5 106 790	727 273	689 006	134
Q3 2024	6 465 256	723 543	703 300	135
Q2 2024	6 575 962	1 113 489	1 132 357	135
Q1 2024	5 649 033	756 881	695 098	142
Q4 2023	6 246 750	685 642	664 628	143
Q3 2023	7 641 825	903 966	691 785	143
Q2 2023	7 653 636	2 229 334	969 738	143
Q1 2023	8 648 127	2 190 045	718 857	157
Q4 2022	10 834 843	1 980 284	636 980	165
Q3 2022	12 686 579	861 849	672 906	171
Q2 2022	11 575 934	848 432	629 072	173
Q1 2022	10 752 543	949 673	888 456	176

Labour taxes per employee per month

1 780 €

Turnover per employee in the quarter

36 988 €

Q3 2026 · calculated from EMTA data

Financials by year

2016 – 2025

Revenue, € thousand 2025: 22 821 565 € · +0.7% vs 2024 · industry median 36 293 € · above 98% of the industry

Company
Industry median

Industry: Warehousing, storage and support activities for transportation (the EMTAK division of the main activity). Median: half of the industry is above, half below.

Net profit, € thousand 2025: -4 254 850 € · −59.1% vs 2024 · industry median 123 € · above 2% of the industry

Company
Industry median

Industry: Warehousing, storage and support activities for transportation (the EMTAK division of the main activity). Median: half of the industry is above, half below.

Net profit margin, % 2025: -18.6 % · −6.8 pp vs the year before · industry median 2.9 % · above 14% of the industry

Company
Industry median

Industry: Warehousing, storage and support activities for transportation (the EMTAK division of the main activity). Median: half of the industry is above, half below.

Assets, mn € 2025: 46 543 540 € · −13.2% vs 2024

Equity, mn € 2025: 36 392 602 € · −28.5% vs 2024

Employees 2025: 137 · +0.0% vs 2024 · industry median 2 · above 98% of the industry

Company
Industry median

Industry: Warehousing, storage and support activities for transportation (the EMTAK division of the main activity). Median: half of the industry is above, half below.

Financials by year
Year	Revenue, €	Net profit, €	Labour costs, €	Assets, €	Equity, €	Employees
2025	22 821 565	-4 254 850	7 494 767	46 543 540	36 392 602	137
2024	22 652 846	-2 673 523	7 660 002	53 601 918	50 903 861	137
2023	25 546 446	-23 513 440	7 474 531	57 732 775	53 577 384	17
2022	42 022 562	-18 099 527	6 719 767	82 718 020	77 090 823	171
2021	39 478 228	-513 056	6 736 965	109 706 549	102 751 659	182
2020	38 260 823	5 899 618	6 232 308	147 549 442	132 231 049	178
2019	4 076 006	881 859	1 566 084	94 113 725	49 537 410	18
2018	—	—	—	—	—	0
2017	—	—	—	—	—	18
2016	—	—	—	—	—	16
2015	—	—	—	—	—	16
2014	—	—	—	—	—	0
2013	—	—	—	—	—	16
2012	—	—	—	—	—	0
2011	—	—	—	—	—	206
2009	—	—	—	—	—	15
2008	—	—	—	—	—	13
2007	—	—	—	—	—	6

Figures from the company’s own (non-consolidated) balance sheet and income statement. A loss is shown with a minus sign.

Financial ratios for 2025

Net profit margin

-18.3 %

Net profit / revenue

Return on equity (ROE)

-11.7 %

Net profit / equity

Return on assets (ROA)

-9.1 %

Net profit / assets

Equity ratio

78.2 %

Equity / assets

Debt ratio

21.8 %

Liabilities / assets

Current ratio

0.74

Current assets / current liabilities

Revenue per employee

169 659 €

Revenue / average full-time employees

Labour cost per employee per month

4 559 €

Labour costs / employees / 12 months (incl. employer taxes)

Annual reports

PDFs from e-Äriregister

Annual reports
Year	Period	Filed	Report	Documents
2025	1 Jan 2025 – 31 Dec 2025	30 Jun 2026	Consolidated · audited	e-Äriregister
2024	1 Jan 2024 – 31 Dec 2024	30 Jun 2025	Consolidated · audited	e-Äriregister
2023	1 Jan 2023 – 31 Dec 2023	30 Jun 2024	Consolidated · audited	e-Äriregister
2022	1 Jan 2022 – 31 Dec 2022	30 Jun 2023	Consolidated · audited	e-Äriregister
2021	1 Jan 2021 – 31 Dec 2021	30 Jun 2022	Consolidated · audited	e-Äriregister
2020	1 Jan 2020 – 31 Dec 2020	30 Jun 2021	Consolidated · audited	e-Äriregister
2019	1 Jan 2019 – 31 Dec 2019	30 Jun 2020	Consolidated · audited	e-Äriregister

Commercial pledges

No.	Amount	Pledgee	Period
2	2 000 000 €	Nordea Bank Abp	5 Jun 2020 – in force
1	2 000 000 €	Nordea Bank Abp	5 Jun 2020 – in force

Board

Nasdaq CSD SE
Keeper of the share ledger · since 28 Sep 2017
Aarto Eipre
Board member · since 6 Jul 2007
Aleksandr Dalton
Board member · since 18 May 2020
Igor Tolokonnikov
Board member · since 18 May 2020
Vladimir Oleinik
Board member · since 18 May 2020
Evgeny Storozhuk
Board member · since 8 Dec 2022

Right of representation

Any member of the management board may represent the public limited company in all transactions.

Owners

No owner information.

Owner in

Conx PM OÜ
100%

Beneficial owners

Benjamin James Luckock
Indirect ownership · CHE · since 24 Apr 2025
Richard Jonathan Holtum
Direct ownership · CHE · since 24 Apr 2025

Founders and other persons

Terminali Partnerite OÜ
Founder · 400 000 € · 9 Aug 2006
Ivar Kiigemägi
Audit firm · 30 Jun 2017
Riina Alt
Audit firm · 30 Jun 2017
Ernst & Young Baltic AS
Audit firm · 30 Jun 2017
Heiti Hääl
Chairman of the supervisory board · 2 May 2026
Mati Nõmmiste
Auditor who valued a non-monetary contribution · 12 Jun 2007
Armand Okker van Aswegen
Supervisory board member · 24 Apr 2025
Jorge David Castells Bescos
Supervisory board member · 7 Jan 2026
Omanikukonto: PUMA ENERGY EUROPE B.V.
Shareholder · 58 605 439 € · 12 Nov 2025

shared board members, owners or beneficial owners

Activities (EMTAK)

52102Storage services of liquids and gases Main

Rulings 55

All rulings (PDF)

Rulings
Number, date	Title	Deadline	State	Document
Ä 10100841 / M17 14 Jul 2026	Ruling to correct data outside an entry	28 Jul 2026	Deficiencies eliminated 16 Jul 2026	PDF
Ä 10100841 / 38 23 Sep 2025	Amendment entry		In force 23 Sep 2025	PDF
Ä 10100841 / M16 19 May 2025	Ruling to correct data outside an entry	2 Jun 2025	Deficiencies eliminated 20 May 2025	PDF
Ä 10100841 / 37 4 Apr 2025	Amendment entry		In force 4 Apr 2025	PDF
Ä 10100841 / M15 26 Mar 2025	Ruling to eliminate deficiencies	10 Apr 2025	Deficiencies eliminated 4 Apr 2025	PDF
Ä 10100841 / 36 10 Oct 2024	Amendment entry		In force 10 Oct 2024	PDF
Ä 10100841 / 35 9 Oct 2024	Amendment entry		In force 9 Oct 2024	PDF
Ä 10100841 / M14 22 May 2024	Ruling to correct data outside an entry	5 Jun 2024	In force 22 May 2024	PDF
Ä 10100841 / 34 13 Jun 2023	Amendment entry		In force 13 Jun 2023	PDF
Ä 10100841 / M13 26 May 2023	Ruling to eliminate deficiencies	25 Jun 2023	Deficiencies eliminated 13 Jun 2023	PDF
Ä 10100841 / 33 6 Feb 2023	Amendment entry		In force 6 Feb 2023	PDF
Ä 10100841 / M12 27 Jan 2023	Procedural ruling	11 Feb 2023	Deficiencies eliminated 2 Feb 2023	PDF
Ä 10100841 / 32 29 Dec 2022	Amendment entry		In force 29 Dec 2022	PDF
Ä 10100841 / 31 8 Dec 2022	Amendment entry		In force 8 Dec 2022	PDF
Ä 10100841 / 30 7 Dec 2022	Amendment entry		In force 7 Dec 2022	PDF
Ä 10100841 / M11 6 Dec 2022	Ruling to eliminate deficiencies	5 Jan 2023	Deficiencies eliminated 7 Dec 2022	PDF
Ä 10100841 / 29 2 Dec 2022	Amendment entry		In force 2 Dec 2022	PDF
Ä 10100841 / 28 8 Jul 2022	Amendment entry		In force 8 Jul 2022	PDF
Ä 10100841 / M10 28 Oct 2021	Ruling to correct data outside an entry	7 Nov 2021	Deficiencies eliminated 3 Nov 2021	PDF
Ä 10100841 / M9 26 Feb 2021	Ruling to correct data outside an entry	18 Mar 2021	Deficiencies eliminated 26 Feb 2021	PDF
Ä 10100841 / 27 3 Jul 2020	Amendment under Commercial Code § 525 (2)		In force 3 Jul 2020	PDF
Ä 10100841 / 25 5 Jun 2020	Second (constitutive) merger entry		In force 5 Jun 2020	PDF
K 10100841 / 26 5 Jun 2020	Commercial pledge entered		In force 5 Jun 2020	PDF
Ä 10100841 / M8 18 May 2020	Ruling to eliminate deficiencies	17 Jun 2020	Deficiencies eliminated 5 Jun 2020	PDF
Ä 10100841 / 24 18 May 2020	Amendment entry		In force 18 May 2020	PDF
Ä 10100841 / 23 1 Nov 2018	Amendment entry		In force 1 Nov 2018	PDF
Ä 10100841 / 22 11 May 2018	Amendment entry		In force 11 May 2018	PDF
Ä 10100841 / M7 13 Apr 2018	Ruling to eliminate deficiencies	27 Apr 2018	In force 13 Apr 2018	PDF
Ä 10100841 / 21 17 Jan 2018	Amendment entry		In force 17 Jan 2018	PDF
Ä 10100841 / 20 30 Nov 2017	Amendment entry		In force 30 Nov 2017	PDF
Ä 10100841 / 19 28 Sep 2017	Amendment entry		In force 28 Sep 2017	PDF
Ä 10100841 / 18 14 Sep 2016	Amendment entry		In force 14 Sep 2016	PDF
Ä 10100841 / M6 15 Apr 2016	Refund of the state fee		In force 15 Apr 2016	PDF
Ä 10100841 / 17 11 Apr 2016	Division entry (second, constitutive)		In force 11 Apr 2016	PDF
Ä 10100841 / 16 23 Feb 2016	Amendment entry		In force 23 Feb 2016	PDF
Ä 10100841 / 15 29 Jun 2015	Amendment entry		In force 29 Jun 2015	PDF
Ä 10100841 / M5 17 Jun 2015	Ruling to correct data outside an entry	17 Jul 2015	Deficiencies eliminated 17 Jun 2015	PDF
Ä 10100841 / 14 28 Jan 2015	Amendment entry		In force 28 Jan 2015	PDF
Ä 10100841 / 13 19 Jun 2012	Amendment entry		In force 19 Jun 2012	PDF
Ä 10100841 / M4 15 Jun 2012	Ruling to eliminate deficiencies	31 Aug 2012	In force 15 Jun 2012	PDF
Ä 10100841 / 12 11 Jun 2012	Amendment entry		In force 11 Jun 2012	PDF
Ä 10100841 / M3 6 Jun 2012	Ruling to eliminate deficiencies	30 Aug 2012	In force 6 Jun 2012	PDF
Ä 10100841 / 11 1 Feb 2011	Amendment under Commercial Code § 525 (2)		In force 1 Feb 2011	PDF
Ä 10100841 / 10 30 Jun 2010	Deletion of activities from the registry card		In force 30 Jun 2010	PDF
Ä 10100841 / 9 31 Mar 2010	Amendment entry		In force 31 Mar 2010	PDF
Ä 10100841 / M2 26 Mar 2010	Ruling to eliminate deficiencies	12 Apr 2010	Deficiencies eliminated 26 Mar 2010	PDF
Ä 100841 / 8 5 Jan 2010	Amendment entry		In force 5 Jan 2010	PDF
Ä 100841 / 7 9 Dec 2009	Amendment entry		In force 9 Dec 2009	PDF
Ä 100841 / M1 13 Nov 2009	Ruling to eliminate deficiencies	30 Nov 2009	In force 13 Nov 2009	PDF
Ä 100841 / 6 12 Jan 2009	Amendment entry		In force 12 Jan 2009	PDF
Ä 100841 / 5 27 Aug 2008	Amendment entry		In force 27 Aug 2008	PDF
Ä 100841 / 4 5 Oct 2007	Amendment entry		In force 5 Oct 2007	PDF
Ä 100841 / 3 6 Jul 2007	Amendment entry		In force 6 Jul 2007	PDF
Ä 100841 / 2 4 Jul 2007	Amendment entry		In force 4 Jul 2007	PDF
Ä 100841 7 Aug 2006	First entry		In force 9 Aug 2006	PDF

Sources: e-Äriregister and EMTA. Data updated 2 Nov 2026. Open at the source ↗ · Report an error in the data

Puma Energy Baltics AS

Position in the industry Warehousing, storage and support activities for transportation · EMTAK 52

Taxes and turnover

Financials by year

Financial ratios for 2025

Annual reports

Commercial pledges

Board

Right of representation

Owners

Owner in

Beneficial owners

Founders and other persons

Related companies

Activities (EMTAK)

Rulings 55