Varėnos šiluma
UAB Varėnos šiluma was established on April 28, 2000. Main activities of the company – production and supply of heat and hot water in Varėna district.
Financial results
P/L Statment
| 2022 | 2023 | 2024 | 2025 | |
|---|---|---|---|---|
| Revenue | 3,594 | 3,764 | 3,395 | 3,778 |
| Cost of goods sold | 3,310 | 3,509 | 3,007 | 3,050 |
| Gross profit (loss) | 283 | 255 | 388 | 728 |
| Gross profit margin | 8% | 7% | 11% | 19% |
| Operating expenses | 383 | 325 | 381 | 448 |
| Operating profit (loss) | -99 | -70 | 8 | 280 |
| Operating profit margin | -3% | -2% | 0% | 7% |
| EBITDA | 389 | 735 | 463 | 623 |
| EBITDA margin | 11% | 20% | 14% | 16% |
| Net profit (loss) | 60 | 354 | 129 | 315 |
| Net profit margin | 2% | 9% | 4% | 8% |
Balance sheet
| 2022 | 2023 | 2024 | 2025 | |
|---|---|---|---|---|
| Non-current assets | 3,868 | 3,544 | 3,239 | 3,425 |
| Intangible assets | 8 | 3 | 4 | 10 |
| Tangible assets | 3,860 | 3,541 | 3,235 | 3,415 |
| Financial assets | ||||
| Other non-current assets | ||||
| Current assets | 2,152 | 2,253 | 2,424 | 3,316 |
| Inventories and prepaid expenses | 669 | 570 | 523 | 636 |
| Accounts receivable in one year | 937 | 757 | 735 | 850 |
| Other current assets | ||||
| Cash and cash equivalents | 547 | 927 | 1,167 | 1,831 |
| Total assets | 6,023 | 5,801 | 5,669 | 6,750 |
| Equity | 3,387 | 3,741 | 3,881 | 4,353 |
| Grants and subsidies | 1,305 | 1,109 | 981 | 900 |
| Liabilities | 1,331 | 951 | 806 | 1,497 |
| Financial liabilities | 379 | 52 | 34 | 344 |
| Long-term liabilities | 192 | 34 | 15 | 216 |
| Short-term liabilities | 1,139 | 917 | 791 | 1,281 |
| Equity and liabilities | 6,023 | 5,801 | 5,669 | 6,750 |
Financial ratios
| 2022 | 2023 | 2024 | 2025 | |
|---|---|---|---|---|
| Capital return ratios | ||||
| Return on assets (ROA) | 1% | 6% | 2% | 5% |
| Return on equity (ROE) | 2% | 10% | 3% | 8% |
| Return on capital employed (ROCE) | -3% | -2% | 0% | 6% |
| Capital structure and liquidity ratios | ||||
| Debt / asset ratio (D/A) | 0.06 | 0.01 | 0.01 | 0.05 |
| Current Ratio | 1.89 | 2.46 | 3.06 | 2.59 |
| Quick ratio | 1.30 | 1.84 | 2.40 | 2.09 |
| Turnover ratios | ||||
| Asset turnover | 0.60 | 0.65 | 0.60 | 0.56 |
| Fixed asset turnover | 0.93 | 1.06 | 1.05 | 1.10 |
| Equity turnover | 1.06 | 1.01 | 0.87 | 0.87 |
| Profitability ratios | ||||
| EBITDA margin | 11% | 20% | 14% | 16% |
| Operating profit margin | -3% | -2% | 0% | 7% |
| Net profit margin | 2% | 9% | 4% | 8% |
| 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 „Varėnos šiluma“
- Legal formPrivate limited liability company (UAB)
- Company code184827583
- SectorHeating networks
- Line of businessHeat networks
- Representing institutionVarėna district municipality
- Share indirectly belonging to the Municipal0%
- Contacts https://vsiluma.lt/
ROE
7.6%
Number of employees
82
Financial data provided as at end-December 2024
Management
- Jonas EndrikisChief Executive Officer
Information as of: 2026-06-01
