Valdymo koordinavimo centras Governance Coordination Centre

Municipality Owned Enterprises

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

2021 2022 2023 2024
Revenue 36,982 54,657 50,201 43,565
Cost of goods sold 33,891 51,190 45,003 38,545
Gross profit (loss) 3,091 3,468 5,199 5,020
Gross profit margin 8% 6% 10% 12%
Operating expenses 3,343 4,223 3,804 4,800
Operating profit (loss) -252 -755 1,394 220
Operating profit margin -1% -1% 3% 1%
EBITDA 5,077 6,834 7,167 4,735
EBITDA margin 14% 13% 14% 11%
Net profit (loss) 383 2,178 2,883 822
Net profit margin 1% 4% 6% 2%

Balance sheet

2021 2022 2023 2024
Non-current assets 84,530 80,730 81,021 80,321
Intangible assets 144 129 128 198
Tangible assets 83,582 79,689 80,027 79,124
Financial assets 174 194 181 174
Other non-current assets 629 719 684 826
Current assets 9,723 16,269 13,852 12,093
Inventories and prepaid expenses 1,558 3,693 3,501 2,728
Accounts receivable in one year 7,378 11,968 7,978 6,551
Other current assets
Cash and cash equivalents 787 607 2,373 2,814
Total assets 94,297 97,048 94,993 92,521
Equity 56,345 58,402 60,633 60,896
Grants and subsidies 28,373 27,274 25,284 23,611
Liabilities 8,375 9,706 7,596 6,511
Financial liabilities 0 0 0 0
Long-term liabilities 2 1
Short-term liabilities 8,372 9,705 7,596 6,511
Equity and liabilities 94,297 97,048 94,993 92,521

Financial ratios

2021 2022 2023 2024
Capital return ratios
Return on assets (ROA) 0% 2% 3% 1%
Return on equity (ROE) 1% 4% 5% 1%
Return on capital employed (ROCE) -0% -1% 2% 0%
Capital structure and liquidity ratios
Debt / asset ratio (D/A) 0.00 0.00 0.00 0.00
Current Ratio 1.16 1.68 1.82 1.86
Quick ratio 0.98 1.30 1.36 1.44
Turnover ratios
Asset turnover 0.39 0.56 0.53 0.47
Fixed asset turnover 0.44 0.68 0.62 0.54
Equity turnover 0.66 0.94 0.83 0.72
Profitability ratios
EBITDA margin 14% 13% 14% 11%
Operating profit margin -1% -1% 3% 1%
Net profit margin 1% 4% 6% 2%
Other ratios
Dividends to the Municipality 119.02 387.53 332.00 143.85
Dividends paid / net profit 0.31 0.18 0.12 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 Municipal59.4%
  • Contacts https://pe.lt/
Return to the Municipality

144 EUR thousand

ROE

1.4%

Number of employees

391

Financial data provided as at end-December 2024

Management

  • Tomas JuknaChief Executive Officer

Information as of: 2025/06/01