2025 Year-end update: strong momentum at FF Forest

As 2025 came to a close, we completed our first fully operational months, with strong yearly results and a very positive market response.

November: our first full month in action

November was the first month where everything was running at full speed. During the month, we acquired 374.73 hectares of land and secured 7,300 m³ of felled timber, which we plan to sell in the coming months.

December: strong performance despite the holiday season

Momentum continued in December. Even though it was a holiday-heavy month (10 holidays), acquisition volumes remained very similar to November. We also secured around 6,000 m³ of wood that we’ll be able to harvest in the coming months.

We’re especially proud to share that FF Forest was the top3 forest land buyer in Latvia this month, acquiring the largest land area among all market participants.

Two months in total

Across November and December combined, we acquired 682.39 hectares — a strong start that confirms both the pace of execution and growing deal flow.

What’s next?

Expanding into Lithuania

We’re actively growing our presence in Lithuania. Deal flow is increasing, and we’re currently reviewing new opportunities to build a strong pipeline and execute acquisitions in the coming period.

Building long-term value through afforestation

We’re also accelerating our afforestation plans — growing from 40 hectares to 100 hectares to be afforested. This creates long-term value and supports future income potential through CO₂ quota sales.

Pipeline growth

Thanks to our innovative approach and our partners’ experience and network, we’re seeing a rapid increase in applications for forest land sales. Right now, we’re evaluating around 2,000 hectares, and the volume continues to grow.

We’re closing the year with strong momentum and a rapidly expanding pipeline. If the current pace continues, 2026 will be a year of substantially higher volumes — we’ll keep sharing updates as we move forward.