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Valdymo koordinavimo centras Governance Coordination Centre

Indirectly Owned State Enterprises

Baltpool, the international biofuel exchange, is an electronic trading platform that auctions standardised biofuel products. In Lithuania, Baltpool also organises wood and heat auctions, administers VIAP funds and renewable fuels. From 2022 April 28 Baltpool has been appointed to implement a voluntary national scheme for assessing the compliance of biomass fuels with sustainability and greenhouse gas (GHG) reduction criteria. Baltpool is part of the state-owned energy group EPSO-G. The biofuel exchange is supervised and regulated by the National Energy Regulatory Council (VERT). The company was registered on 10 December 2009.

Financial results

P/L Statment

2020 2021 2022 2023
Revenue 1,132 1,269 1,504 1,836
Cost of goods sold
Gross profit (loss) 1,132 1,269 1,504 1,836
Gross profit margin 100% 100% 100% 100%
Operating expenses 918 1,149 1,382 1,505
Operating profit (loss) 214 121 121 331
Operating profit margin 19% 9% 8% 18%
EBITDA 273 186 217 450
EBITDA margin 24% 15% 14% 25%
Net profit (loss) 182 89 84 273
Net profit margin 16% 7% 6% 15%
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 177 190 285 376
Intangible assets 14 57 149 261
Tangible assets 38 37 28 23
Financial assets
Other non-current assets 125 97 108 93
Current assets 45,776 113,616 175,347 93,059
Inventories and prepaid expenses 45 25 23 20
Accounts receivable in one year 39,424 59,256 28,271 34,124
Other current assets 5,582 53,596 146,460 58,468
Cash and cash equivalents 726 738 593 447
Total assets 45,953 113,806 175,632 93,435
Equity 612 701 784 602
Grants and subsidies
Liabilities 45,342 113,105 174,848 92,834
Financial liabilities 119 92 99 78
Long-term liabilities 82 55 41 26
Short-term liabilities 45,260 113,051 174,807 92,808
Equity and liabilities 45,953 113,806 175,632 93,435
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) 0% 0% 0% 0%
Return on equity (ROE) 30% 14% 11% 39%
Return on capital employed (ROCE) 31% 16% 15% 53%
Capital structure and liquidity ratios
Debt / asset ratio (D/A) 0.00 0.00 0.00
Current Ratio 1.01 1.00 1.00 1.00
Quick ratio 1.01 1.00 1.00 1.00
Turnover ratios
Asset turnover 0.02 0.01 0.01 0.02
Fixed asset turnover 6.40 6.67 5.27 4.88
Equity turnover 1.85 1.81 1.92 3.05
Profitability ratios
EBITDA margin 24% 15% 14% 25%
Operating profit margin 19% 9% 8% 18%
Net profit margin 16% 7% 6% 15%
Other ratios
Dividends to the State 0.00 0.00 304.82 169.49
Dividends paid / net profit 0.00 0.00 3.65 0.62
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 nameBALTPOOL UAB
  • Legal formPrivate limited liability company (UAB)
  • Company code302464881
  • SectorEnergy
  • Line of businessOperator of the biofuel exchange and electronic timber sales system
  • Accountability„EPSO-G“ group of companies
  • Share indirectly belonging to the State67%
https://www.baltpool.eu/
Return to the State

169 EUR thousand

ROE

39.4%

Number of employees

20

Financial data provided as at end-December 2023

Management

  • Andrius SmaliukasChief Executive Officer

Information as of: 2024/06/03

Board of Directors

CHAIRMAN OF THE BOARD OF DIRECTORS

  • Simona GrinevičienėEPSO-G

MEMBERS OF THE BOARD OF DIRECTORS

  • Valdemaras BagdonasEPSO-G
  • Mindaugas NavikasAB KN Energies; UAB SGD terminalas; UAB SGD SPB
  • Dainius LiulysIndependent member; UAB Išmanioji logistika; UAB Dainiaus investicijos; UAB Ingon
  • Vytautas VorobjovasIndependent member; UAB Ekomercija; UAB Dotcon

Information as of: 2024/06/03