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Valdymo koordinavimo centras Governance Coordination Centre

Indirectly Owned State Enterprises

Amber Grid is the operator of the Lithuanian gas transmission system, operating a 2,300 km long network of trunkline gas pipelines, managing 68 gas distribution and metering stations and two gas compressor stations. Amber Grid’s system is interconnected with gas transmission systems in four countries and the Klaipėda LNG terminal. The system serves as a regional corridor for gas transmission northwards to Latvia and southwards to Poland. After the implementation of the strategic energy project GIPL, in 2022 the gas transmission systems of Poland and Lithuania, as well as the Baltic States and Finland, were connected to the European Union.. In order to achieve the goals of decarbonisation of the gas sector, the company is active in analysing the opportunities and creating the conditions for adapting the Lithuanian gas transmission system to transport green gas (including hydrogen). Amber Grid’s shares are listed on the Baltic Secondary List of the Nasdaq Vilnius Stock Exchange. Amber Grid is majority-owned by EPSO-G, which 100% of shares are owned by the Ministry of Energy of the Republic of Lithuania.

Financial results

P/L Statment

2020 2021 2022 2023
Revenue 52,286 68,595 98,206 82,229
Cost of goods sold 37,337 45,381
Gross profit (loss) 14,949 23,214 98,206 82,229
Gross profit margin 29% 34% 100% 100%
Operating expenses 0 0 0 0
Operating profit (loss) 14,949 23,214 18,849 5,458
Operating profit margin 29% 34% 19% 7%
EBITDA 26,075 35,271 31,894 27,714
EBITDA margin 50% 51% 32% 34%
Net profit (loss) 18,170 23,211 15,665 13,013
Net profit margin 35% 34% 16% 16%
Revenue
Cost of goods sold
Gross profit (loss)
Gross profit margin
Operating expenses
Operating profit (loss)
Operating profit margin
EBITDA
EBITDA margin
Net profit (loss)
Net profit margin

Balance sheet

2020 2021 2022 2023
Non-current assets 255,757 272,087 292,179 298,968
Intangible assets 4,833 4,742 2,584 2,559
Tangible assets 241,624 255,984 281,089 284,353
Financial assets 4 4 0 4,870
Other non-current assets 9,296 11,357 8,506 7,186
Current assets 58,965 108,127 256,177 34,421
Inventories and prepaid expenses 2,626 8,818 13,735 5,668
Accounts receivable in one year 55,572 98,403 38,220 28,104
Other current assets 0 423 528
Cash and cash equivalents 767 906 21 121
Total assets 316,371 380,214 548,356 333,389
Equity 154,830 178,040 183,804 187,526
Grants and subsidies 0 0
Liabilities 157,291 199,415 161,955 145,863
Financial liabilities 2,363 101,565 94,905 69,861
Long-term liabilities 103,518 96,190 78,777 66,092
Short-term liabilities 53,773 103,225 83,178 79,771
Equity and liabilities 316,371 380,214 345,759 333,389
Non-current assets
Intangible assets
Tangible assets
Financial assets
Other non-current assets
Current assets
Inventories and prepaid expenses
Accounts receivable in one year
Other current assets
Cash and cash equivalents
Total assets
Equity
Grants and subsidies
Liabilities
Financial liabilities
Long-term liabilities
Short-term liabilities
Equity and liabilities

Financial ratios

2020 2021 2022 2023
Capital return ratios
Return on assets (ROA) 5% 7% 3% 3%
Return on equity (ROE) 10% 14% 9% 7%
Return on capital employed (ROCE) 6% 8% 7% 2%
Capital structure and liquidity ratios
Debt / asset ratio (D/A) 0.00 0.00 0.00 1.02
Current Ratio 1.10 1.05 3.08 0.43
Quick ratio 1.05 0.96 2.91 0.36
Turnover ratios
Asset turnover 0.17 0.18 0.18 0.25
Fixed asset turnover 0.20 0.25 0.34 0.28
Equity turnover 0.34 0.39 0.53 0.44
Profitability ratios
EBITDA margin 50% 51% 32% 34%
Operating profit margin 29% 34% 19% 7%
Net profit margin 35% 34% 16% 16%
Other ratios
Dividends to the State 0.00 0.00 11,648.99 19,488.08
Dividends paid / net profit 0.00 0.00 0.74 1.50
Capital return ratios
Return on assets (ROA)
Return on equity (ROE)
Return on capital employed (ROCE)
Capital structure and liquidity ratios
Debt / asset ratio (D/A)
Current Ratio
Quick ratio
Turnover ratios
Asset turnover
Fixed asset turnover
Equity turnover
Profitability ratios
EBITDA margin
Operating profit margin
Net profit margin
Other ratios
Dividends to the State
Dividends paid / net profit

About the company

  • Official nameAB „Amber Grid“
  • Legal formPublic limited liability company (AB)
  • Company code303090867
  • SectorEnergy
  • Line of businessOperator of the natural gas transportation system
  • Accountability„EPSO-G“ group of companies
  • Share indirectly belonging to the State96.6%
https://www.ambergrid.lt/
Return to the State

19.5 EUR milion

ROE

7.0%

Number of employees

345

Financial data provided as at end-December 2023

Management

  • Nemunas BikniusChief Executive Officer

Information as of: 2024/06/03

Board of Directors

CHAIRMAN OF THE BOARD OF DIRECTORS

  • Paulius ButkusUAB EPSO-G; UAB Energy cells

MEMBERS OF THE BOARD OF DIRECTORS

  • Darius Kašauskas UAB EPSO-G
  • Alexander Paul Gudmund FeindtIndependent member
  • Karolis ŠvaikauskasMinistry of Energy; AB KN Energies
  • Peter Loof HelthIndependent member; Falck Digital Technology

Information as of: 2024/06/03