Valdymo koordinavimo centras Governance Coordination Centre

Municipality Owned Enterprises

AB “Klaipėdos energija” was founded in 1991. The major activitiy of the company is the production, distribution and supply of thermal water energy, heating supply and maintenance of heating systems.

Financial results

P/L Statment

2021 2022 2023 2024
Revenue 37,644 51,987 51,589 45,924
Cost of goods sold 35,531 49,862 46,380 39,543
Gross profit (loss) 2,113 2,125 5,208 6,381
Gross profit margin 6% 4% 10% 14%
Operating expenses 2,925 3,205 3,683 4,189
Operating profit (loss) -1,793 -2,112 482 1,147
Operating profit margin -5% -4% 1% 2%
EBITDA 2,716 3,452 8,261 6,278
EBITDA margin 7% 7% 16% 14%
Net profit (loss) -883 12 3,756 1,473
Net profit margin -2% 0% 7% 3%

Balance sheet

2021 2022 2023 2024
Non-current assets 68,021 72,164 72,944 70,261
Intangible assets 287 334 359 235
Tangible assets 65,345 69,479 70,201 67,577
Financial assets 2,183 2,183 2,183 2,183
Other non-current assets 206 169 201 265
Current assets 13,316 18,708 14,978 12,343
Inventories and prepaid expenses 2,588 2,892 1,876 1,441
Accounts receivable in one year 10,262 14,167 11,571 9,871
Other current assets
Cash and cash equivalents 467 1,649 1,531 1,031
Total assets 81,367 90,922 87,965 82,646
Equity 47,166 47,179 50,822 50,417
Grants and subsidies 15,501 14,848 14,845 14,108
Liabilities 18,566 28,749 22,142 17,956
Financial liabilities 11,355 16,216 11,863 11,295
Long-term liabilities 4,015 6,276 6,258 4,011
Short-term liabilities 14,550 22,473 15,884 13,945
Equity and liabilities 81,367 90,922 87,965 82,646

Financial ratios

2021 2022 2023 2024
Capital return ratios
Return on assets (ROA) -1% 0% 4% 2%
Return on equity (ROE) -2% 0% 8% 3%
Return on capital employed (ROCE) -4% -4% 1% 2%
Capital structure and liquidity ratios
Debt / asset ratio (D/A) 0.14 0.18 0.13 0.14
Current Ratio 0.92 0.83 0.94 0.89
Quick ratio 0.74 0.70 0.82 0.78
Turnover ratios
Asset turnover 0.46 0.57 0.59 0.56
Fixed asset turnover 0.55 0.72 0.71 0.65
Equity turnover 0.80 1.10 1.02 0.91
Profitability ratios
EBITDA margin 7% 7% 16% 14%
Operating profit margin -5% -4% 1% 2%
Net profit margin -2% 0% 7% 3%
Other ratios
Dividends to the Municipality 0.00 85.33 1,416.95 578.93
Dividends paid / net profit 0.00 6.88 0.38 0.39

Expectations of the municipal

About the company

  • Official nameAB „Klaipėdos energija“
  • Legal formPublic limited liability company (AB)
  • Company code140249252
  • SectorHeating networks
  • Line of businessHeat networks
  • Representing institutionKlaipėda city municipality
  • Share belonging to the Municipal75.45%
  • Contacts https://klenergija.lt/
Return to the Municipality

579 EUR thousand

ROE

2.9%

Number of employees

256

Financial data provided as at end-December 2024

Management

  • Rolandas BaltuonisChief Executive Officer

Information as of: 2025/06/01