2 patents & publications
> 50k EUR
Investor briefing
The biological shield for your forest
Founders Lauris Bronušs · Rinalds Trukšs
The pest
70%
Planting material at risk
Damage caused by the large pine weevil (Hylobius abietis) can result in losses of up to 70% of planting material. Untreated conifer seedlings face very high mortality in the first seasons after planting.
Regulation
Chemistry is leaving the market
Share of seedlings treated with pesticide in Sweden. Lambda-cyhalothrin is being phased out — nurseries need a biological alternative that still works on existing lines.
30%
2%
Why Jifteco
Biological. Effective. Easy to apply.
Jifteco produces and sells biological, effective and easy-to-apply protection against pine weevil to commercial nurseries in the Baltic Sea region.
9 scientists, 2 institutes
> 5 years in research
50+ trial locations
> 3 high-potential clients
500+ recipes, 5 projects
> 700k EUR
Production facility & technology
> 300k EUR
Field proof
Trials across the Baltics
Tests are ongoing in Latvia, Estonia and Lithuania — in nurseries and on fresh clearcuts, next to commercial alternatives.
2025 locations
2026 locations
Manufacturing
Zeltozoli plant
Own production at “Zeltozoli”, Bikstu parish. Built to supply commercial nursery volumes without waiting on a contract manufacturer.
Positioning
Competition
Wax, sand and coating systems already on the market. Jifteco sits in the corner nurseries actually want: high effectiveness with simple application, at a comparable litre price.
Conniflex
EcoVax
Interagro Skog AB
High effectiveness
Low effectiveness
Complex application
Simple application
EcoVax
(−5 +5)
Conniflex
(−4 +3)
Woodcoat
(+2 +2)
6.3–6.5 EUR / l
Jifteco
(+3 +4)
6.1–6.4 EUR / l
LVM 2025: 60 000 l · 388 800 EUR · 6.48 EUR / l · Inter Agro Skog AB
Expansion
Go-to-market
- Tests ongoing in LV, EE and LT markets
- Time for each client capture: 2–3 years
- Goal for 2030: 15 clients
- Market potential > 1.4 bn plants / year
- ~50% already treated with alternatives, and rising
- Latvia is <5% of the market
Finland 25/3
Sweden 20/2
Norway 5/1
Denmark / DE 25/1
Poland 20/1
UK / IE 8/1
Estonia 2/2
Latvia 2/2
Lithuania 3/2
Pipeline
New products
Market ready in 2027
Organic slow-release nutrients
In years 1–3, young pine and spruce seedlings lack nutrients for root system, size and branching. Better nutrition means higher survival and stronger plants.
Market ready in 2028
Repellent against ungulates
Damage from deer and other ungulates can wipe out up to 60% of planting material (typically 10–30%). Same biological platform, new use case.
Base case
Financials
Five-year operating view. Gross margin expands as volume fills the Zeltozoli plant.
| EUR | FY’27 | FY’28 | FY’29 | FY’30 | FY’31 |
|---|---|---|---|---|---|
| Revenue | 538,650 | 846,450 | 1,923,750 | 3,539,700 | 5,078,700 |
| COGS | (221,502) | (287,590) | (532,578) | (863,614) | (1,207,078) |
| Gross profit | 317,148 | 558,860 | 1,391,172 | 2,676,086 | 3,871,622 |
| GM % | 59% | 66% | 72% | 76% | 76% |
| Selling expenses | (36,000) | (104,700) | (194,530) | (282,291) | (341,952) |
| Administrative | (116,696) | (339,580) | (397,062) | (473,400) | (435,027) |
| EBITDA | 214,370 | 174,747 | 859,747 | 1,980,564 | 3,143,743 |
| EBITDA margin | 39.8% | 20.6% | 44.7% | 56.0% | 61.9% |
| Profit before tax | 125,959 | 75,397 | 748,900 | 1,861,693 | 3,031,399 |
| Net income | 100,767 | 60,318 | 599,120 | 1,489,355 | 2,425,119 |
| Net margin | 18.7% | 7.1% | 31.1% | 42.1% | 47.8% |
Model assumptions, not a forecast. Figures as presented in the September 2026 investor pitch.
The ask
Need
- Partner with access to the Scandinavian market
- Partner with deep forestry knowledge and contacts
- Access to a nursery for quicker, large-scale experiments
- Balance sheet improvement
To do
- Local tender
- Export development
- New product finalisation and patenting
- AI integration
- Don’t lose time
The biological shield for your forest
Founders
Rinalds Trukšs
rinalds@globalconsulting.lv
+371 22844088
Lauris Bronušs
lauris@globalconsulting.lv
+371 22185630