Valdymo koordinavimo centras Governance Coordination Centre

State Owned Enterprises

The construction of the Ignalina Nuclear Power Plant (INPP) began in 1974. In fulfilling Lithuanias obligations under the Treaty of Accession to the European Union,2009 December 31 INPP has completely cut off electricity production. From the electricity producer it became a company that ceases its activity but operates a nuclear facility. From 2010 January 1 decommissioning became the main INPP activity. The main goal of the company is to terminate the operation of the nuclear power plant with RBMK reactors in a safe, timely and efficient manner. On October 30, 2025, the Ignalina Nuclear Power Plant introduced its new name – “Altra”, symbolizing Lithuania’s nuclear energy transformation.


       2024/25 GOOD CORPORATE GOVERNANCE INDEX

      Ignalina_2025

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

Financial results

P/L Statment

2022 2023 2024 2025
Revenue 134 178 91 74
Cost of goods sold
Gross profit (loss) 134 178 91 74
Gross profit margin 100% 100% 100% 100%
Operating expenses -5,775 -9,099 3,320 -7,420
Operating profit (loss) 5,909 9,277 -3,228 7,493
Operating profit margin 4416% 5221% -3532% 10140%
EBITDA 6,506 8,700 -2,720 7,057
EBITDA margin 4862% 4897% -2976% 9550%
Net profit (loss) 5,322 7,956 -3,397 6,408
Net profit margin 3977% 4478% -3716% 8671%
2022-06 2023-06 2024-06 2025-06
Revenue 49 250 71 36
Cost of goods sold
Gross profit (loss) 49 250 71 36
Gross profit margin 100% 100% 100% 100%
Operating expenses 7,845 4,015 831 873
Operating profit (loss) -7,796 -3,766 -760 -837
Operating profit margin -15877% -1507% -1067% -2326%
EBITDA -8,326 -2,780 5 -341
EBITDA margin -16958% -1113% 7% -947%
Net profit (loss) -8,618 -3,746 -416 -669
Net profit margin -17551% -1499% -584% -1858%

Balance sheet

2022 2023 2024 2025
Non-current assets 170,744 153,379 145,383 153,897
Intangible assets 430 439 340 299
Tangible assets 168,014 152,939 145,043 153,598
Financial assets 2,300
Other non-current assets 170,744 153,379 145,383 153,897
Current assets 73,061 79,074 85,952 85,101
Inventories and prepaid expenses 18,421 18,413 23,185 20,407
Accounts receivable in one year 24,905 27,878 31,224 33,609
Other current assets 11,554 5,471 0 1,109
Cash and cash equivalents 18,181 27,313 31,543 29,976
Total assets 244,012 232,695 232,015 239,839
Equity 23,021 30,977 27,574 33,956
Grants and subsidies 170,928 157,556 160,551 169,795
Liabilities 13,511 17,744 14,530 17,502
Financial liabilities 0 0 0 0
Long-term liabilities
Short-term liabilities 13,511 17,744 14,530 17,502
Equity and liabilities 244,012 232,695 232,015 239,839
2022-06 2023-06 2024-06 2025-06
Non-current assets 195,319 166,019 149,916 145,089
Intangible assets 412 314 344 283
Tangible assets 180,420 163,401 149,573 144,806
Financial assets 13,831 2,304
Other non-current assets 656
Current assets 239,941 255,540 79,755 85,860
Inventories and prepaid expenses 18,995 17,951 20,472 25,082
Accounts receivable in one year 210,954 217,093 30,692 36,886
Other current assets 3,003 16,434 10,804 108
Cash and cash equivalents 6,989 4,061 17,787 23,160
Total assets 435,624 421,959 230,028 231,279
Equity 10,071 19,276 30,561 26,905
Grants and subsidies 355,890 357,792 157,632 163,095
Liabilities 10,104 8,356 15,425 11,936
Financial liabilities 0 0 0 0
Long-term liabilities
Short-term liabilities 10,104 8,356 15,425 11,936
Equity and liabilities 435,624 421,959 230,028 231,279

Financial ratios

2022 2023 2024 2025
Capital return ratios
Return on assets (ROA) 1% 3% -1% 3%
Return on equity (ROE) 26% 29% -12% 21%
Return on capital employed (ROCE) 26% 30% -12% 22%
Capital structure and liquidity ratios
Debt / asset ratio (D/A) 0.00 0.00 0.00 0.00
Current Ratio 5.41 4.46 5.92 4.86
Quick ratio 4.04 3.42 4.32 3.70
Turnover ratios
Asset turnover 0.00 0.00 0.00 0.00
Fixed asset turnover 0.00 0.00 0.00 0.00
Equity turnover 0.01 0.01 0.00 0.00
Profitability ratios
EBITDA margin 4862% 4897% -2976% 9550%
Operating profit margin 4416% 5221% -3532% 10140%
Net profit margin 3977% 4478% -3716% 8671%
Other ratios
Dividends to the State 0.00 0.00 0.00 0.00
Dividends paid / net profit 0.00 0.00 0.00 0.00
2022-06 2023-06 2024-06 2025-06
Capital return ratios
Return on assets (ROA) -1% 2% 3% -2%
Return on equity (ROE) -53% 69% 45% -13%
Return on capital employed (ROCE) -77% -20% -2% -3%
Capital structure and liquidity ratios
Debt / asset ratio (D/A) 0.00 0.00 0.00 0.00
Current Ratio 23.75 30.58 5.17 7.19
Quick ratio 21.87 28.43 3.84 5.09
Turnover ratios
Asset turnover 0.00 0.00 0.00 0.00
Fixed asset turnover 0.00 0.00 0.00 0.00
Equity turnover 0.00 0.01 0.00 0.00
Profitability ratios
EBITDA margin -16958% -1113% 7% -947%
Operating profit margin -15877% -1507% -1067% -2326%
Net profit margin -17551% -1499% -584% -1858%
Other ratios
Dividends to the State
Dividends paid / net profit

Expectations of the state

About the company

  • Official nameVĮ Ignalinos atominė elektrinė
  • Legal formState enterprise (VĮ)
  • Company code255450080
  • SectorEnergy
  • Line of businessShutdown of Ignalina nuclear power plant
  • Institution representing the StateMinistry of Energy
  • Special obligationsPerformes non-commercial special obligations
  • Share belonging to the State100%
  • Contacts https://altra.lt/
ROE

2.7%

Number of employees

1,491

Financial data provided as at end-December 2024

Management

  • Linas BaužysChief Executive officer

Term of office expires: 2028/10/02

The information is relevant

Board of Directors

CHAIRMAN OF THE BOARD OF DIRECTORS

  • Dr. Jurgita Radzevičė Independent member

MEMBERS OF THE BOARD OF DIRECTORS

  • Laimonas BelickasIndependent member
  • Karolis SankovskiIndependent member
  • Patricija Ceiko Ministry of Energy

Term of office expires: 2028/04/23

The information is relevant