Panevėžio energija
AB Panevėžio energija was registered on April 8, 1991. Main activities of the company – production and supply of heating, hot water and electricity, maintenance of internal heating and hot water systems.
Financial results
P/L Statment
| 2022 | 2023 | 2024 | 2025 | |
|---|---|---|---|---|
| Revenue | 54,657 | 50,201 | 43,565 | 45,364 |
| Cost of goods sold | 51,190 | 45,003 | 38,545 | 38,565 |
| Gross profit (loss) | 3,468 | 5,199 | 5,020 | 6,799 |
| Gross profit margin | 6% | 10% | 12% | 15% |
| Operating expenses | 4,223 | 3,804 | 4,800 | 4,868 |
| Operating profit (loss) | -755 | 1,394 | 220 | 1,932 |
| Operating profit margin | -1% | 3% | 1% | 4% |
| EBITDA | 6,834 | 7,167 | 4,735 | 6,708 |
| EBITDA margin | 13% | 14% | 11% | 15% |
| Net profit (loss) | 2,178 | 2,883 | 822 | 3,491 |
| Net profit margin | 4% | 6% | 2% | 8% |
Balance sheet
| 2022 | 2023 | 2024 | 2025 | |
|---|---|---|---|---|
| Non-current assets | 80,730 | 81,021 | 80,321 | 81,317 |
| Intangible assets | 129 | 128 | 198 | 177 |
| Tangible assets | 79,689 | 80,027 | 79,124 | 78,913 |
| Financial assets | 194 | 181 | 174 | 410 |
| Other non-current assets | 719 | 684 | 826 | 1,817 |
| Current assets | 16,269 | 13,852 | 12,093 | 12,533 |
| Inventories and prepaid expenses | 3,693 | 3,501 | 2,728 | 2,614 |
| Accounts receivable in one year | 11,968 | 7,978 | 6,551 | 6,258 |
| Other current assets | ||||
| Cash and cash equivalents | 607 | 2,373 | 2,814 | 3,661 |
| Total assets | 97,048 | 94,993 | 92,521 | 93,967 |
| Equity | 58,402 | 60,633 | 60,896 | 64,145 |
| Grants and subsidies | 27,274 | 25,284 | 23,611 | 21,917 |
| Liabilities | 9,706 | 7,596 | 6,511 | 6,334 |
| Financial liabilities | 1,037 | 0 | 0 | 0 |
| Long-term liabilities | 1 | |||
| Short-term liabilities | 9,705 | 7,596 | 6,511 | 6,334 |
| Equity and liabilities | 97,048 | 94,993 | 92,521 | 93,967 |
Financial ratios
| 2022 | 2023 | 2024 | 2025 | |
|---|---|---|---|---|
| Capital return ratios | ||||
| Return on assets (ROA) | 2% | 3% | 1% | 4% |
| Return on equity (ROE) | 4% | 5% | 1% | 6% |
| Return on capital employed (ROCE) | -1% | 2% | 0% | 3% |
| Capital structure and liquidity ratios | ||||
| Debt / asset ratio (D/A) | 0.01 | 0.00 | 0.00 | 0.00 |
| Current Ratio | 1.68 | 1.82 | 1.86 | 1.98 |
| Quick ratio | 1.30 | 1.36 | 1.44 | 1.57 |
| Turnover ratios | ||||
| Asset turnover | 0.56 | 0.53 | 0.47 | 0.48 |
| Fixed asset turnover | 0.68 | 0.62 | 0.54 | 0.56 |
| Equity turnover | 0.94 | 0.83 | 0.72 | 0.71 |
| Profitability ratios | ||||
| EBITDA margin | 13% | 14% | 11% | 15% |
| Operating profit margin | -1% | 3% | 1% | 4% |
| Net profit margin | 4% | 6% | 2% | 8% |
| Other ratios | ||||
| Dividends to the Municipality | 387.53 | 332.00 | 143.85 | 608.60 |
| Dividends paid / net profit | 0.18 | 0.12 | 0.17 | 0.17 |
Expectations of the municipal
About the company
- Official nameAB „Panevėžio energija“
- Legal formPublic limited liability company (AB)
- Company code147248313
- SectorHeating networks
- Line of businessHeat networks
- Representing institutionPanevėžys city municipality
↑ Controlling (holding the largest share) institution
Kėdainiai district municipality
Kupiškis district municipality
Panevėžys district municipality
Pasvalys district municipality
Rokiškis district municipality
Zarasai district municipality - Share belonging to the Municipal59.37%
- Contacts https://pe.lt/
Return to the Municipality
609 EUR thousand
ROE
5.6%
Number of employees
393
Financial data provided as at end-December 2024
Management
- Tomas JuknaChief Executive Officer
Information as of: 2026-06-01
