TOP101 2026 morning seminar and award gala

TOP101 Estonia's Most Valuable Companies: Morning Seminar and Award Gala

On 4 November, business leaders, investors and finance professionals gathered at Nomad restaurant (Golden Gate, Tallinn) for the TOP101 morning seminar and award gala. At the event, this year's ranking of Estonia's 101 most valuable companies was announced.

The morning opened with a concert by Estonian Sinfonietta and breakfast at Nomad. Then the winner was announced: Eesti Energia, valued at EUR 3.6 billion (+7.8% year on year). Luminor Bank came second (EUR 2.5 billion) and Swedbank third (EUR 2.2 billion).

The ranking is growing faster than the economy
The combined value of the TOP101 companies is EUR 39.5 billion. This is 10.6% more than last year, while Estonia's nominal GDP grew by 5.1%. The entry threshold passed EUR 100 million for the first time and now stands at EUR 102 million. There are 12 newcomers on the list. The highest placed is Mainor Ülemiste (27th, EUR 332 million).

Special awards

INVL Family Office Special Award – Best Investment
Lemeks Group. The company is investing EUR 25 million to expand its plywood mill in Jõgeva County, which will increase production capacity by 50%.

Law Firm TRINITI Special Award – Company with the Best Corporate Governance
Luminor Bank AS

Panel: how is the Estonian economy doing?
The event closed with the panel discussion "TOP101: How is the Estonian economy doing?". The panel was moderated by Kaarel Ots (Nasdaq Tallinn). Olavi Lepp (Swedbank), Illar Kaasik (Prudentia Tallinn), Tõnis Tamme (law firm Triniti), Rait Kondor (INVL Family Office) and Andrus Durejko (Eesti Energia, TOP101 2026 winner) discussed the future of Estonia's economy and capital market.

Thank you to everyone who joined us! The TOP101 ranking is compiled by Prudentia and Nasdaq Tallinn in cooperation with law firm Triniti and INVL Family Office. Media partner is Delfi Media.