Giraitės ginkluotės gamykla
AB GIRAITĖS GINKLUOTĖS GAMYKLA (GGG) is a manufacturer of military and civilian ammunition. The company has advanced technologies, manufacturing facilities and a quality management system. GGG participates in tenders issued by the NATO Support and Procurement Agency (NSPA). 95% of the company’s production is exported to more than 30 countries.
2023/24 GOOD CORPORATE GOVERNANCE INDEX
2022/23 GOOD CORPORATE GOVERNANCE INDEX
Sk – Transparency dimension
KO – Board dimension
SP – Strategic planning and target achievement dimension
GI – Good governance ratio
Financial results
P/L Statment
| 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|
| Revenue | 9,184 | 10,364 | 15,241 | 22,458 |
| Cost of goods sold | 7,104 | 7,554 | 10,925 | 16,288 |
| Gross profit (loss) | 2,080 | 2,811 | 4,317 | 6,170 |
| Gross profit margin | 23% | 27% | 28% | 27% |
| Operating expenses | 873 | 1,252 | 1,658 | 1,788 |
| Operating profit (loss) | 1,125 | 1,487 | 2,580 | 4,288 |
| Operating profit margin | 12% | 14% | 17% | 19% |
| EBITDA | 1,526 | 1,807 | 3,438 | 5,200 |
| EBITDA margin | 17% | 17% | 23% | 23% |
| Net profit (loss) | 533 | 1,015 | 2,339 | 3,396 |
| Net profit margin | 6% | 10% | 15% | 15% |
| 2021-06 | 2022-06 | 2023-06 | 2024-06 | |
|---|---|---|---|---|
| Revenue | 5,475 | 9,033 | 11,789 | 12,283 |
| Cost of goods sold | 3,967 | 6,200 | 8,249 | 9,306 |
| Gross profit (loss) | 1,508 | 2,833 | 3,540 | 2,977 |
| Gross profit margin | 28% | 31% | 30% | 24% |
| Operating expenses | 554 | 666 | 767 | 803 |
| Operating profit (loss) | 928 | 2,112 | 2,715 | 2,108 |
| Operating profit margin | 17% | 23% | 23% | 17% |
| EBITDA | 1,090 | 2,538 | 3,187 | 2,612 |
| EBITDA margin | 20% | 28% | 27% | 21% |
| Net profit (loss) | 730 | 1,747 | 2,241 | 1,770 |
| Net profit margin | 13% | 19% | 19% | 14% |
Balance sheet
| 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|
| Non-current assets | 12,518 | 12,987 | 14,011 | 13,292 |
| Intangible assets | 3 | 7 | 4 | 1 |
| Tangible assets | 12,515 | 12,980 | 14,007 | 13,290 |
| Financial assets | ||||
| Other non-current assets | ||||
| Current assets | 7,300 | 7,264 | 9,216 | 13,123 |
| Inventories and prepaid expenses | 3,921 | 5,516 | 8,746 | 10,868 |
| Accounts receivable in one year | 94 | 55 | 111 | 52 |
| Other current assets | ||||
| Cash and cash equivalents | 3,285 | 1,692 | 360 | 2,203 |
| Total assets | 19,833 | 20,271 | 23,251 | 26,446 |
| Equity | 8,988 | 9,947 | 12,183 | 14,527 |
| Grants and subsidies | ||||
| Liabilities | 10,845 | 10,298 | 11,059 | 11,917 |
| Financial liabilities | 10,260 | 9,454 | 8,649 | 8,145 |
| Long-term liabilities | 9,386 | 8,586 | 8,086 | 7,586 |
| Short-term liabilities | 1,459 | 1,712 | 2,973 | 4,331 |
| Equity and liabilities | 19,833 | 20,271 | 23,251 | 26,446 |
| 2021-06 | 2022-06 | 2023-06 | 2024-06 | |
|---|---|---|---|---|
| Non-current assets | 12,456 | 12,884 | 13,662 | 12,914 |
| Intangible assets | 7 | 5 | 3 | 0 |
| Tangible assets | 12,449 | 12,879 | 13,659 | 12,914 |
| Financial assets | 0 | 0 | 0 | 0 |
| Other non-current assets | 0 | 0 | 0 | 0 |
| Current assets | 13 | 27 | 15 | 17 |
| Inventories and prepaid expenses | 4,006 | 5,329 | 8,753 | 9,372 |
| Accounts receivable in one year | 181 | 30 | 1,069 | 1,155 |
| Other current assets | 0 | 0 | 0 | 0 |
| Cash and cash equivalents | 4,150 | 3,557 | 733 | 2,855 |
| Total assets | 20,805 | 21,827 | 24,231 | 26,313 |
| Equity | 9,791 | 11,591 | 13,372 | 15,780 |
| Grants and subsidies | 0 | 0 | ||
| Liabilities | 11,014 | 10,234 | 10,859 | 10,531 |
| Financial liabilities | 9,386 | 8,586 | 8,086 | 7,886 |
| Long-term liabilities | 9,386 | 8,586 | 8,086 | 7,586 |
| Short-term liabilities | 1,628 | 1,648 | 2,773 | 2,945 |
| Equity and liabilities | 20,805 | 21,827 | 24,231 | 26,313 |
Financial ratios
| 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|
| Capital return ratios | ||||
| Return on assets (ROA) | 3% | 5% | 11% | 14% |
| Return on equity (ROE) | 6% | 11% | 21% | 25% |
| Return on capital employed (ROCE) | 6% | 8% | 13% | 19% |
| Capital structure and liquidity ratios | ||||
| Debt / asset ratio (D/A) | 0.52 | 0.47 | 0.37 | 0.31 |
| Current Ratio | 5.00 | 4.24 | 3.10 | 3.03 |
| Quick ratio | 2.32 | 1.02 | 0.16 | 0.52 |
| Turnover ratios | ||||
| Asset turnover | 0.46 | 0.51 | 0.66 | 0.85 |
| Fixed asset turnover | 0.73 | 0.80 | 1.09 | 1.69 |
| Equity turnover | 1.02 | 1.04 | 1.25 | 1.55 |
| Profitability ratios | ||||
| EBITDA margin | 17% | 17% | 23% | 23% |
| Operating profit margin | 12% | 14% | 17% | 19% |
| Net profit margin | 6% | 10% | 15% | 15% |
| Other ratios | ||||
| Dividends to the State | 55.50 | 103.70 | 1,052.20 | 516.60 |
| Dividends paid / net profit | 0.10 | 0.10 | 0.45 | 0.15 |
| 2021-06 | 2022-06 | 2023-06 | 2024-06 | |
|---|---|---|---|---|
| Capital return ratios | ||||
| Return on assets (ROA) | 5% | 10% | 12% | 12% |
| Return on equity (ROE) | 11% | 19% | 23% | 20% |
| Return on capital employed (ROCE) | 5% | 10% | 13% | 9% |
| Capital structure and liquidity ratios | ||||
| Debt / asset ratio (D/A) | 0.47 | 0.39 | 0.33 | 0.30 |
| Current Ratio | 5.12 | 5.41 | 3.81 | 4.54 |
| Quick ratio | 2.66 | 2.18 | 0.65 | 1.36 |
| Turnover ratios | ||||
| Asset turnover | 0.26 | 0.41 | 0.49 | 0.47 |
| Fixed asset turnover | 0.44 | 0.70 | 0.86 | 0.95 |
| Equity turnover | 0.56 | 0.78 | 0.88 | 0.78 |
| Profitability ratios | ||||
| EBITDA margin | 20% | 28% | 27% | 21% |
| Operating profit margin | 17% | 23% | 23% | 17% |
| Net profit margin | 13% | 19% | 19% | 14% |
| Other ratios | ||||
| Dividends to the State | ||||
| Dividends paid / net profit |
Financial statments
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. 6 mėn. tarpinės ataskaitos
2014 m. 9 mėn. tarpinės ataskaitos
Expectations of the state
About the company
- Official nameAB Giraitės ginkluotės gamykla
- Legal formPublic limited liability company (AB)
- Company code110080729
- SectorOther
- Line of businessProduction of ammo
- Institution representing the StateMinistry of Finance
- Share belonging to the State100%
- Contacts http://www.ggg-ammo.lt/
Return to the State
517 EUR thousand
ROE
25.4%
Number of employees
119
Financial data provided as at end-December 2023
Management
- L. e. p. Violeta KašėtienėActing Chief Executive officer
Information as of: 2024/12/02
Board of Directors
CHAIRMAN OF THE BOARD OF DIRECTORS
- Dangirutis JanušasIndependent member; UAB Verslo konsultacijų spektras; VĮ Registrų centras; VĮ Žemės ūkio duomenų centras
MEMBERS OF THE BOARD OF DIRECTORS
- Aldas BeginskasMinistry of Finance
- Eimundas MačiulisIndependent member; UAB Amber infra
- Remigijus ŠtarasIndependent member
- Laima KalinauskienėMinistry of Finance
Information as of: 2024/12/02
