Valdymo koordinavimo centras Governance Coordination Centre

State Owned Enterprises

The drilling and blasting company was founded in 1959 and registered as AB Detonas in 1994.
The company’s main activity is the manufacture and trade of explosives and blasting works.

       2024/25 GOOD CORPORATE GOVERNANCE INDEX

Detonas_2025

SK – Transparency Dimension
SV – Strategic Management Dimension
TV – Sustainability Dimension
AV – Shareholder Actions Dimension
GI – Good Governance Indicator

Financial results

P/L Statment

2021 2022 2023 2024
Revenue 3,105 3,889 3,860 4,903
Cost of goods sold 2,320 3,247 2,590 2,906
Gross profit (loss) 785 642 1,270 1,997
Gross profit margin 25% 17% 33% 41%
Operating expenses 616 716 784 1,002
Operating profit (loss) 619 383 2,419 2,654
Operating profit margin 5% -2% 13% 20%
EBITDA 589 965 852 1,372
EBITDA margin 19% 25% 22% 28%
Net profit (loss) 278 611 527 900
Net profit margin 9% 16% 14% 18%
2022-06 2023-06 2024-06 2025-06
Revenue 1,337 1,598 1,781 1,635
Cost of goods sold 1,268 1,157 1,328 1,143
Gross profit (loss) 69 441 453 492
Gross profit margin 5% 28% 25% 30%
Operating expenses 286 394 403 382
Operating profit (loss) -217 46 49 109
Operating profit margin -16% 3% 3% 7%
EBITDA 83 219 243 288
EBITDA margin 6% 14% 14% 18%
Net profit (loss) -60 81 89 136
Net profit margin -4% 5% 5% 8%

* Left axis

** Right axis

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

Balance sheet

2021 2022 2023 2024
Non-current assets 3,361 3,537 3,781 3,756
Intangible assets 14 10 11 10
Tangible assets 3,315 3,490 3,730 3,693
Financial assets
Other non-current assets 32 37 41 53
Current assets 978 1,342 1,335 1,898
Inventories and prepaid expenses 243 311 255 160
Accounts receivable in one year 145 157 132 343
Other current assets 0 0
Cash and cash equivalents 591 875 948 1,395
Total assets 4,387 4,921 5,178 5,737
Equity 3,531 3,894 4,018 4,497
Grants and subsidies
Liabilities 857 1,027 1,160 1,241
Financial liabilities 493 617 742 544
Long-term liabilities 366 416 493 356
Short-term liabilities 491 611 667 885
Equity and liabilities 4,387 4,921 5,178 5,737
2022-06 2023-06 2024-06 2025-06
Non-current assets 3,216 3,417 3,755 3,614
Intangible assets 12 9 11 9
Tangible assets 3,173 3,371 3,704 3,552
Financial assets 0 41
Other non-current assets 32 37 0 53
Current assets 944 1,236 1,232 1,433
Inventories and prepaid expenses 463 325 219 157
Accounts receivable in one year 428 393 521 557
Other current assets 0 0
Cash and cash equivalents 53 518 493 719
Total assets 4,170 4,664 4,997 5,107
Equity 3,224 3,573 3,685 3,999
Grants and subsidies 0 0
Liabilities 946 1,092 1,303 1,108
Financial liabilities 415 503 536 433
Long-term liabilities 343 416 493 356
Short-term liabilities 603 676 810 752
Equity and liabilities 4,170 4,664 4,997 5,107

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

Financial ratios

2021 2022 2023 2024
Capital return ratios
Return on assets (ROA) 6% 13% 10% 16%
Return on equity (ROE) 8% 16% 13% 21%
Return on capital employed (ROCE) 4% -2% 11% 20%
Capital structure and liquidity ratios
Debt / asset ratio (D/A) 0.11 0.13 0.14 0.09
Current Ratio 1.99 2.19 2.00 2.15
Quick ratio 1.50 1.69 1.62 1.96
Turnover ratios
Asset turnover 0.71 0.79 0.75 0.85
Fixed asset turnover 0.92 1.10 1.02 1.31
Equity turnover 0.88 1.00 0.96 1.09
Profitability ratios
EBITDA margin 19% 25% 22% 28%
Operating profit margin 5% -2% 13% 20%
Net profit margin 9% 16% 14% 18%
Other ratios
Dividends to the State 247.30 402.50 422.00 633.80
Dividends paid / net profit 0.89 0.66 0.80 0.70

* Left axis

** Right axis

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

2022-06 2023-06 2024-06 2025-06
Capital return ratios
Return on assets (ROA) 3% 17% 11% 19%
Return on equity (ROE) 3% 22% 15% 25%
Return on capital employed (ROCE) -6% 1% 1% 2%
Capital structure and liquidity ratios
Debt / asset ratio (D/A) 0.10 0.11 0.12 0.08
Current Ratio 1.57 1.83 1.52 1.91
Quick ratio 0.80 1.35 1.25 1.70
Turnover ratios
Asset turnover 0.32 0.34 0.36 0.32
Fixed asset turnover 0.42 0.47 0.47 0.45
Equity turnover 0.41 0.45 0.48 0.41
Profitability ratios
EBITDA margin 6% 14% 14% 18%
Operating profit margin -16% 3% 3% 7%
Net profit margin -4% 5% 5% 8%
Other ratios
Dividends to the State
Dividends paid / net profit

Financial statments

2024 m. 6 mėn. tarpinės ataskaitos 2024 m. metinės ataskaitos
2023 m. 6 mėn. tarpinės ataskaitos 2023 m. metinės ataskaitos
2022 m. 6 mėn. tarpinės ataskaitos 2022 m. metinės ataskaitos
2021 m. 6 mėn. tarpinės ataskaitos 2021 m. metinės ataskaitos
2020 m. 6 mėn. tarpinės ataskaitos 2020 m. metinės ataskaitos
2019 m. metinės ataskaitos 2019 m. 6 mėn. tarpinės ataskaitos
2018 m. metininės ataskaitos 2018 m. 6 mėn. tarpinės ataskaitos
2017 m. 6 mėn. tarpinės ataskaitos 2017 m. metinės ataskaitos
2016 m. metinės ataskaitos 2016 m. 6 mėn. tarpinės ataskaitos 2016 m. 3 mėn. tarpinės ataskaitos
2015 m. 12 mėn. tarpinės ataskaitos 2015 m. 9 mėn. tarpinės ataskaitos 2015 m. 6 mėn. tarpinės ataskaitos 2015 m. 3 mėn. tarpinės ataskaitos
2014 m. metinės ataskaitos 2014 m. 12 mėn. tarpinės ataskaitos 2014 m. 3 mėn. tarpinės ataskaitos 2014 m. 9 mėn. tarpinės ataskaitos 2014 m. 6 mėn. tarpinės ataskaitos
2012 m. metinės ataskaitos
2013 m. 3 mėn. tarpinės ataskaitos 2013 m. 6 mėn. tarpinės ataskaitos 2013 m. metinės ataskaitos 2013 m. 9 mėn. tarpinės ataskaitos 2013 m. 12 mėn. tarpinės ataskaitos
2011 m. metinės ataskaitos
2010 m. metinės ataskaitos

Expectations of the state

Key performance indicator
Letter of Expectations

About the company

  • Official nameAB „Detonas“
  • Legal formPublic limited liability company (AB)
  • Company code134170932
  • SectorOther
  • Line of businessDemolition works
  • Institution representing the StateMinistry of Transport and Communications
  • Share belonging to the State100%
  • Contacts http://www.detonas.eu/
Return to the State

634 EUR thousand

ROE

21.1%

Number of employees

42

Financial data provided as at end-December 2024

Management

  • Andrius GriškevičiusChief Executive officer

Term of office expires: 2030/06/30

The information is relevant

Board of Directors

CHAIRMAN OF THE BOARD OF DIRECTORS

  • Mantas ŠukevičiusIndependent member

MEMBERS OF THE BOARD OF DIRECTORS

  • Evaldas MargisIndependent member
  • Ramunė MikalauskienėMinistry of Transport and Communications

Term of office expires: 2026/05/30

The information is relevant

VMU
LTG_logo
RC
LP
TB
IGN
KN_Log_new
Altra_be_teksto
Epso_g_logonew