Latvijas Pasts

What Latvijas Pasts does

Latvijas Pasts (legal name: Valsts akciju sabiedrība "Latvijas Pasts") is the Latvian state-owned universal postal operator, established in 1991 and headquartered at Riga Airport in Mārupe. The company provides nationwide postal, parcel, courier, and financial services, operating the largest parcel locker network in Latvia with over 440 units (targeting 500 by 2025), a physical post office network covering rural and remote areas, and digital self-service platforms (mans.pasts.lv, express.pasts.lv). Beyond letters and parcels, Latvijas Pasts offers registered mail, EMS international express delivery to 180+ countries, cash-on-delivery, PNS payment accounts, pension/benefit delivery, utility bill payments, money transfers, AvaFin consumer loan referrals, and a philatelic product line. The company serves private individuals, business customers (with dedicated account management and monthly billing), and Latvian SMEs selling on international marketplaces such as Temu and eBay.

The business operates under a universal service obligation regulated by Latvia's Public Utilities Commission (PSCR), which sets tariffs and quality targets (e.g., 90% next-day domestic letter delivery — achieved at 93% in 2023 but slipped to 87.6% in 2024). Revenue is generated primarily through per-shipment transaction fees across domestic courier, Baltic cross-border, and international EMS lanes, supplemented by subscription press delivery and philatelic one-time sales. Revenue grew 8% to EUR 108.3 million in 2023 (net profit EUR 0.5M), with export revenue of EUR 37.1 million (+3.4% YoY) despite the suspension of Belarus transit mail. The company is executing a multi-year transformation strategy focused on parcel locker expansion, Baltic regional integration via the Unisend/Lietuvos paštas partnership, new platform integrations (Temu, eBay), and subsidiary formation in Lithuania and Estonia. Geopolitical disruptions have intermittently suspended services to Belarus, 15 Middle Eastern countries (March 2025), and the USA (August–October 2025). The company employs 1,001–5,000 people and holds ISO 14001 and ISO 50001 certifications.

Name

Latvijas Pasts

Legal name

Valsts akciju sabiedrība "Latvijas Pasts"

Website

https://pasts.lv

Company type

Private

Founded year

1991

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

Latvijas Pasts is Latvia's state-owned universal postal operator, providing nationwide letter, parcel, courier, and financial services through the country's largest parcel locker network (440+ units), physical post offices, and digital self-service platforms, serving private individuals, business customers, and Latvian SMEs engaged in cross-border e-commerce.

Ownership category

akta.pro rank

Product category

Postal and Logistics Services

NAICS

Postal Service (491110), Postal Service (49111), Postal Service (491), Postal Service (4911), Couriers and Express Delivery Services (4921), Couriers and Express Delivery Services (49211)

SIC

Trucking & Courier Services (No Air) (4210)

akta.pro primary industry

Post Office Network & Retail Counter Services (TLAAAAAF)

akta.pro secondary industries

International Parcel Post (Inbound/Outbound) (TLAAAAAL), International Letter Post (Inbound/Outbound) (TLAAAAAK), Postal Financial Services (Money Orders, Bill Payment, Remittances) (TLAAAAAO)

Keywords

• Postal services
• Parcel delivery
• Courier services
• Parcel locker network
• E-commerce logistics

Headquarters

HQ city

Riga

HQ country

Latvia

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Technology or R&D, Marketing or Sales, Supply Chain

Revenue model

1. Parcel and Courier Services: Core revenue stream from domestic, Baltic, and international parcel delivery services including express mail (EMS), premium shipments, and standard courier services. Revenue increased in 2023 with growth in e-commerce item flows.
2. Letter-post and Universal Postal Services: Traditional postal services including letters, small parcels, registered and insured items. Subject to Public Utilities Commission (PSCR) regulated tariffs and delivery quality targets.
3. Financial Services: Payment services including PNS (Pasta norēķinu sistēma) account management, cash deposits and withdrawals, pension and benefit delivery, utility bill payments, and money transfers. Also includes AvaFin loan referral partnership.
4. Philatelic Products: Commemorative stamps, envelopes, and philatelic products sold through post offices and e-shop (veikals.pasts.lv). Regular releases include historical ship series, national celebration stamps, and Europa joint series.
5. Subscription Press Delivery: Newspaper and magazine subscription delivery services with tariffs approved by the Public Utilities Commission, effective from March 2023.

Pricing tiers

Go-to-market motion3 records

Distribution channels7 records

Marketing channels6 records

Core offering

Latvijas Pasts is Latvia's state-owned national postal operator providing domestic and international letter-post, parcel, courier, and express delivery services through its physical post office network and the largest parcel locker network in Latvia (440+ units). In addition to postal services, the company offers financial services including PNS payment accounts, money transfers, pension delivery, and utility bill payments, alongside philatelic products and e-commerce logistics solutions for cross-border trade.

Product overview

Latvijas Pasts operates as a state-owned postal operator offering a comprehensive suite of postal and logistics services. The core product portfolio centers on parcel locker networks (Pakomāti) - the largest in Latvia with over 440 units - complemented by the mans.pasts.lv self-service portal for online shipment management. Core delivery services include Express Mail Service (EMS/Premium Pack) for international express delivery to 180+ countries and Courier Delivery (Kurjerpasts) with domestic X1 Economy and X2 Standard options offering next-day delivery. Additional services encompass shipment redirection, SMS notifications, parcel insurance, cash-on-delivery, financial services including PNS accounts and AvaFin loans, philately products through e-shop and Mana Pastmarka custom stamps, e-commerce logistics integrations, Postman at Home mobile services, customs clearance, and Baltic cross-border delivery via the Unisend partnership network. The company also offers specialized services including pallet delivery, document return, and fragile item handling.

Differentiator

Problem solved

Functional benefit

Brands

• mans.pasts.lv: Customer self-service portal for sending and receiving parcels
• express.pasts.lv
• abone.lv
• veikals.pasts.lv
• manapastmarka.lv

Products and services

• Parcel Lockers (Pakomāti)
• Express Mail Service (EMS) / Premium Pack
• Courier Delivery (Kurjerpasts)
• Letter-post and Post Office Services
• Financial Services (Finanšu pakalpojumi)
• Philately (Filatēlija)
• AvaFin Loans
• E-commerce Logistics Services
• Postman at Home (Pastnieks mājās)
• Address Verification Service
• Newspaper/Magazine Subscription Delivery
• Customs Services
• Baltic Network with Unisend
• mans.pasts.lv Self-Service Portal
• PNS Account Mobile App (Latvijas Pasts Pay)

Quantifiable outcome

• 93% domestic delivery quality achieved in 2023 (target: 90%)
• +2 more outcomes

Named customers3 records

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Eight partnerships are on record, tiered core, major and minor.

• eBaycoreGTM or Marketing Partner · 27 June 2026Latvijas Pasts signed cooperation memorandum with eBay to facilitate cross-border trade and provide export opportunities for Latvian SMEs to over 136 million buyers in 190 countries.
• TemucoreStrategic or Co-development Partner · 12 March 2026Temu and Latvijas Pasts signed MoU on March 12th to strengthen logistics cooperation and support Latvian sellers on Temu's Local Seller Programme. Latvijas Pasts handles delivery and returns for local businesses, while both organizations expand consumer delivery options across the Baltics including home delivery, pick-up points, automated lockers, and post office collection.
• Nova Poshta GlobalmajorStrategic or Co-development Partner · 20 May 2024Cooperation for postal item delivery services in the Baltics. Latvijas Pasts delivers Nova Poshta Global's items to customers in Latvia, Lithuania, and Estonia, primarily focusing on e-commerce item flows. Ukrainian company gains access to Latvijas Pasts delivery network and logistics services.
• Lietuvos paštas (Lithuanian Post)coreStrategic or Co-development Partner · 21 March 2024Memorandum on mutual long-term cooperation between SJSC Latvijas Pasts and Lietuvos paštas for postal services and logistics in the Baltic region, including joint parcel locker network development.
• Unisend (Lietuvos paštas)coreChannel Partner/ Reseller/ DistributorJoint parcel locker network enabling shipments from 440+ Latvijas Pasts parcel lockers to Unisend locations in Lithuania and Estonia. Next-day delivery to Tallinn and Vilnius parcel lockers. Service available for shipments up to 30 kg with 7-day storage.
• AvaFinminorGTM or Marketing PartnerAvaFin is an international non-bank financial services company offering consumer loans and refinancing. Latvijas Pasts provides referral services for AvaFin loan products, offering customers access to personal loans, home improvement financing, and debt consolidation.
• Society 'Your Friends'minorOthersCharitable partnership supporting Ukrainian people through donation drives and 'warmth is life' initiative. Five charity stakes implemented in support of Ukrainian people, including Christmas Express Latvia-Ukrainian project.
• Open Creative CenterminorOthersCollaborative project with creative center to support young people struggling to meet basic needs. Postal group organized over EUR 1300 for creative centers at Charity auction 'Open'.

Scale indicators8 records

Recent moves9 records

Expansion highlights5 records

Broad incumbents

• Deutsche Post DHL Group: Global postal and logistics incumbent operating DHL Express and Deutsche Post. Comparable in core letter/parcel delivery and cross-border EMS services that Latvijas Pasts accesses through its universal service obligation.
• UPS Latvia: Global integrator with operations in Latvia. Competes with Latvijas Pasts' international express and parcel services, particularly for enterprise and cross-border e-commerce customers.
• DHL Express Latvia: Express international courier arm operating in Latvia. Competes with Latvijas Pasts' EMS / Premium Pack service for time-sensitive international shipments and business customers.

Direct peers

• DPD (Latvia / Baltic operations): International parcel delivery network operating in Latvia and the Baltics. Competes directly with Latvijas Pasts' courier and parcel services for e-commerce and B2B customers in the same geography.
• Nova Poshta Global: Ukrainian logistics company partnered with Latvijas Pasts (May 2024) for parcel delivery in the Baltics. Comparable peer in cross-border e-commerce parcel flows and last-mile delivery in overlapping markets.
• Venipak: Baltics-headquartered parcel and courier operator. Competes with Latvijas Pasts in domestic and Baltic parcel delivery, parcel locker services, and e-commerce fulfillment.
• Lietuvos paštas (Lithuanian Post): Lithuania's state-owned national postal operator and direct Baltic counterpart. Operates the Unisend parcel locker brand jointly with Latvijas Pasts across the Baltics and signed a long-term cooperation memorandum in March 2024.
• Eesti Post (Omniva): Estonia's national postal operator with parcel locker and logistics services. Comparable Baltic peer operating smart parcel locker networks and cross-border delivery infrastructure overlapping with Latvijas Pasts' regional expansion.

Regional players

• Posti (Finland): Finland's state-owned postal and logistics operator. Comparable in postal universal service, parcel locker infrastructure, and digital self-service platforms serving a Nordic/Baltic-adjacent geography.
• Zasilkovna (Packeta): Central European parcel locker network with cross-border reach. Comparable in parcel locker-led delivery model and e-commerce focus, though primarily serving a different geography than the Baltic states.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks5 records

Key highlights6 records

Customer concentration

• Xx.com/latvijas_pasts
• Facebookfacebook.com/latvijas.pasts
• LinkedInlinkedin.com/company/latvia-post

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Latvijas Pasts