Valdymo koordinavimo centras Governance Coordination Centre

Municipality Owned Enterprises

UAB Prienų šilumos tinklai was registered on August 29, 1997. Main activities of the company – supply of heating, operation of heating and hot water systems.

Financial results

P/L Statment

2021 2022 2023 2024
Revenue 1,798 2,642 2,480 2,285
Cost of goods sold 1,746 2,578 2,158 1,976
Gross profit (loss) 52 64 322 309
Gross profit margin 3% 2% 13% 14%
Operating expenses 220 226 209 239
Operating profit (loss) -168 -162 113 70
Operating profit margin -9% -6% 5% 3%
EBITDA -37 91 251 268
EBITDA margin -2% 3% 10% 12%
Net profit (loss) -172 -165 84 74
Net profit margin -10% -6% 3% 3%

Balance sheet

2021 2022 2023 2024
Non-current assets 2,370 2,246 2,309 2,678
Intangible assets 1 1 0
Tangible assets 2,370 2,245 2,308 2,678
Financial assets
Other non-current assets
Current assets 554 770 514 414
Inventories and prepaid expenses 99 145 53 59
Accounts receivable in one year 382 515 277 347
Other current assets
Cash and cash equivalents 73 110 184 9
Total assets 2,924 3,016 2,824 3,093
Equity 1,063 898 1,042 1,116
Grants and subsidies 731 682 629 720
Liabilities 1,130 1,436 1,153 1,257
Financial liabilities 484 649 578 722
Long-term liabilities 347 471 362 403
Short-term liabilities 783 965 791 854
Equity and liabilities 2,924 3,016 2,824 3,093

Financial ratios

2021 2022 2023 2024
Capital return ratios
Return on assets (ROA) -6% -6% 3% 2%
Return on equity (ROE) -15% -17% 9% 7%
Return on capital employed (ROCE) -12% -12% 8% 5%
Capital structure and liquidity ratios
Debt / asset ratio (D/A) 0.17 0.22 0.20 0.23
Current Ratio 0.71 0.80 0.65 0.49
Quick ratio 0.58 0.65 0.58 0.42
Turnover ratios
Asset turnover 0.61 0.88 0.88 0.74
Fixed asset turnover 0.76 1.18 1.07 0.85
Equity turnover 1.69 2.94 2.38 2.05
Profitability ratios
EBITDA margin -2% 3% 10% 12%
Operating profit margin -9% -6% 5% 3%
Net profit margin -10% -6% 3% 3%
Other ratios
Dividends to the Municipality 0.00 0.00 0.00 0.00
Dividends paid / net profit 0.00 0.00 0.00 0.00

Expectations of the municipal

About the company

  • Official nameUAB „Prienų šilumos tinklai“
  • Legal formPrivate limited liability company (UAB)
  • Company code170759250
  • SectorHeating networks
  • Line of businessHeat networks
  • Representing institutionPrienai district municipality
  • Share indirectly belonging to the Municipal0%
  • Contacts https://prienusiluma.lt/
ROE

6.8%

Number of employees

26

Financial data provided as at end-December 2024

Management

  • Paulius MinajevasChief Executive Officer

Information as of: 2025/06/01