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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

2019 2020 2021 2022
Revenue 975 1,132 1,269 1,503
Cost of goods sold
Gross profit (loss) 975 1,132 1,269 1,503
Gross profit margin 100% 100% 100% 100%
Operating expenses 866 918 1,149 1,382
Operating profit (loss) 109 214 121 121
Operating profit margin 11% 19% 9% 8%
EBITDA 168 273 186 234
EBITDA margin 17% 24% 15% 16%
Net profit (loss) 93 182 89 101
Net profit margin 10% 16% 7% 7%
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

* Left axis

** Right axis

*** All data in Profit and Loss Statement table and corresponding chart is in EUR thousand, unless otherwise noted

Balance sheet

2019 2020 2021 2022
Non-current assets 211 177 190 285
Intangible assets 13 14 57 149
Tangible assets 41 38 37 28
Financial assets
Other non-current assets 157 125 97 108
Biological assets
Current assets 67,426 45,776 113,616 175,347
Inventories and prepaid expenses 45 25 23
Accounts receivable in one year 66,751 39,424 59,256 28,271
Other current assets 5,582 53,596 146,460
Cash and cash equivalents 676 726 738 593
Total assets 67,637 45,953 113,806 175,632
Equity 594 612 701 784
Minority share of capital
Grants and subsidies
Liabilities 67,043 45,342 113,105 174,848
Financial liabilities 151 18,658 92 99
Long-term liabilities 131 82 55 41
Short-term liabilities 66,912 45,260 113,051 174,807
Equity and liabilities 67,637 45,953 113,806 175,632
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

* All data in Balance Sheet table and corresponding chart is in EUR thousand, unless otherwise noted

Financial ratios

2019 2020 2021 2022
Capital return ratios
Return on assets (ROA) 0% 0% 0% 0%
Return on equity (ROE) 16% 30% 14% 14%
Return on capital employed (ROCE) 30% 62% 32% 34%
Capital structure and liquidity ratios
Debt / asset ratio (D/A) 0.25 30.51 0.13 0.13
Current Ratio 1.01 1.01 1.00 1.00
Quick ratio 1.01 1.01 1.00 1.00
Turnover ratios
Asset turnover 0.03 0.02 0.02 0.01
Fixed asset turnover 9.25 5.84 6.91 6.32
Equity turnover 3.28 1.88 1.93 2.03
Profitability ratios
EBITDA margin 17% 24% 15% 16%
Operating profit margin 11% 19% 9% 8%
Net profit margin 10% 16% 7% 7%
Other ratios
Dividends to the State
Dividends paid / net profit

* Left axis

** Right axis

*** Dividends to the state in Financial Ratios table is in EUR thousand
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/
ROE

13.6%

Number of employees

18

Financial data provided as at end-December 2022

Management

  • Andrius SmaliukasChief Executive Officer

Information as of: 2024/04/02

Board of Directors

CHAIRMAN OF THE BOARD OF DIRECTORS

  • Ieva KuodėUAB Vilniaus apšvietimas

MEMBERS OF THE BOARD OF DIRECTORS

  • Rytis ValūnasAB Klaipėdos nafta; AB Smiltynės perkėla; Baltic Management Institute Alumni; BMI Executive Institute VšĮ
  • Gediminas MikaliūnasIndependent member; Barclays Services Corp
  • Vytautas VorobjovasIndependent member; UAB Ekomercija

Information as of: 2024/04/02