Verston Group’s revenue reached EUR 115 million in 2025
Strong execution in Estonia and a clear commitment to people, digitalization, and sustainability strengthened Verston Group’s platform for the next stage of growth.
Verston Group increased its consolidated revenue by 53% to EUR 115 million in 2025 and delivered a record EBITDA of EUR 11 million, while net profit reached EUR 1.7 million. The result reflects a strong, profitable year in the Group’s home market, combined with continued investment in capabilities, management systems, and the organisational platform needed to support the next phase of international growth. While expansion costs temporarily moderated Group margins, the core business remained highly profitable.
Estonia remained Verston Group’s operational and financial core in 2025. Verston continued work on four Rail Baltica mainline sections and signed a new design-and-build contract for the Haimre–Konuvere section of the Tallinn–Pärnu–Ikla highway, with construction scheduled to begin in 2026.
Verston also strengthened its position in road maintenance: after expanding the network under maintenance to about 7,500 kilometers in late 2025, the company secured another regional contract in 2026, bringing the total to nearly 8,400 kilometers, or nearly half of Estonia’s state road network. This marks an important step in the Group’s long-term plan to secure and maintain a 40–50% share of the infrastructure maintenance market.
Throughout the year, Verston Group continued to strengthen how it operates across the organisation. The Group advanced the implementation of its “Win & Deliver” framework, a management approach that more closely integrates planning, bidding, and delivery across the full project lifecycle, and expanded the use of digital and data-driven tools in project execution and management.
Together, these developments support higher win rates and project profitability, enhance transparency and predictability, and enable faster decision-making across the business.
“2025 was an important year for Verston Group. Strong execution in Estonia gave us a solid foundation to strengthen the Group for its next stage of development. We are focused on growing the business through disciplined execution, strong management, and responsible innovation.
AI-based digital solutions and adaptation to climate change are increasingly important across the infrastructure sector. For Verston, innovation must deliver practical value: better decisions, stronger predictability, and lower impact over time. As we prepare for the next phase, our aim is to combine engineering capability, data-driven management, and reliable delivery to create lasting value for clients, partners, and investors,” said Veiko Veskimäe, co-CEO of Verston Group.
During the year, Verston Group also strengthened its leadership and governance. Veiko Veskimäe transitioned from leading Verston Estonia to focusing on Group development as co-CEO alongside Jüri Tamm, while Indrek Kaldoja became Group CFO. The Group also established an Advisory Board comprising Erkki Raasuke and Henrik Perbeck. Together, these changes bring financial, operational, and strategic expertise to support the Group’s international ambitions.
In 2026, Verston Group is preparing to build on the strong foundation it has established in Estonia.
“This is a logical next step after achieving a leading position in Estonia. We see clear opportunities to expand both geographically and into new business areas, strengthening our resilience in a changing market. Our focus remains on disciplined execution, strong engineering capabilities, and responsible innovation, which have been the foundation of our growth so far and will continue to guide us as we expand our portfolio and international presence,” said Jüri Tamm, co-CEO of Verston Group.
By the end of 2025, Verston Group employed 333 people.