The company, which operates under the Achema Group’s control, is currently facing significant financial adjustments, including planned workforce reductions. Financially, the organization anticipates a 17% decline in revenue this year, projecting total sales to reach approximately 27 million euros. Looking at the previous fiscal year, sales revenue remained relatively stable, recording a modest decrease of 1.3% to reach 32.5 million euros in 2025.
However, the financial statements submitted to the Registry Centre indicate a substantial shift in profitability. Where the company previously reported a net profit approaching 2 million euros in prior years, the current projections reflect a loss amounting to 5.6 million euros. Furthermore, major capital expenditures have impacted the financial standing of the company.
Specifically, the “Deep Oil Refining Plant” project situated in Mažeikiai incurred costs totaling 5.1 million euros for the Iremas company. These figures highlight the operational challenges and significant investment outlays currently managed by the enterprise, necessitating both operational scaling back and a reassessment of revenue forecasts in terms of millions of euros.
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