Valdymo koordinavimo centras Governance Coordination Centre

State Owned Enterprises

UAB ILTE (formerly known as UAB ‘Investicijų ir verslo garantijos’) is the only national development institution in Lithuania, offering financing solutions to Lithuanian businesses, and representatives of the public sector, agriculture, and fisheries sectors. ILTE effectively utilizes taxpayers’ money, competently assesses risk, and focuses on projects that contribute to the welfare of the entire country.

The company is entrusted with promoting the sustainable development of the national economy, increasing economic resilience, and improving access to financing, either directly or in cooperation with other financial market participants.

         2024/25 GOOD CORPORATE GOVERNANCE INDEX

ILTE_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 6,050 6,976 18,105 32,934
Cost of goods sold
Gross profit (loss) 6,050 6,976 18,105 32,934
Gross profit margin 100% 100% 100% 100%
Operating expenses 5,182 6,103 15,407 21,149
Operating profit (loss) 1,376 669 476 673
Operating profit margin 16% 14% 48% 18%
EBITDA 1,184 1,254 9,894 10,324
EBITDA margin 20% 18% 55% 31%
Net profit (loss) 816 841 7,668 7,684
Net profit margin 13% 12% 42% 23%
2022-06 2023-06 2024-06 2025-06
Revenue 3,486 8,668 15,616 18,231
Cost of goods sold 0 0 0
Gross profit (loss) 3,486 8,668 15,616 18,231
Gross profit margin 100% 100% 100% 100%
Operating expenses 2,968 7,283 9,815 12,414
Operating profit (loss) 521 3,947 5,248 6,295
Operating profit margin 15% 46% 34% 35%
EBITDA 658 4,406 6,181 9,206
EBITDA margin 19% 51% 40% 50%
Net profit (loss) 454 3,574 4,690 7,341
Net profit margin 13% 41% 30% 40%

* 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 6,711 11,137 47,278 98,857
Intangible assets 18 39 761 344
Tangible assets 747 537 640 195
Financial assets 5,684 10,362 20,242 74,283
Other non-current assets 262 199 25,634 24,035
Current assets 22,219 17,678 43,813 153,649
Inventories and prepaid expenses 0 0 0
Accounts receivable in one year 11,169 11,528 13,661 5,428
Other current assets 4,497 5,474 14,563 116,995
Cash and cash equivalents 6,554 676 15,589 31,225
Total assets 28,930 28,815 91,091 252,506
Equity 12,590 12,861 57,744 214,854
Grants and subsidies 0 128
Liabilities 1,847 1,188 2,297 12,201
Financial liabilities 691 247 0 0
Long-term liabilities 622 354 315 5,221
Short-term liabilities 1,225 834 1,982 6,980
Equity and liabilities 28,930 28,815 91,091 252,506
2022-06 2023-06 2024-06 2025-06
Non-current assets 11,973 50,799 47,574 66,752
Intangible assets 21 7,584 552 229
Tangible assets 622 1,076 251 176
Financial assets 11,111 22,534 21,663 26,869
Other non-current assets 219 19,605 25,108 39,478
Current assets 16,797 47,233 199,762 187,965
Inventories and prepaid expenses 0 0 0 0
Accounts receivable in one year 12,527 14,597 13,562 13,810
Other current assets 3,216 22,635 23,050 169,220
Cash and cash equivalents 1,054 10,001 163,150 4,935
Total assets 28,770 98,032 247,336 254,717
Equity 12,473 56,863 61,861 216,433
Grants and subsidies 28 35 113
Liabilities 1,197 2,883 10,079 13,025
Financial liabilities 577 481 0 3,270
Long-term liabilities 540 379 5,229 7,283
Short-term liabilities 658 2,503 4,850 5,742
Equity and liabilities 28,770 98,032 247,336 254,717

* 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) 3% 3% 13% 4%
Return on equity (ROE) 7% 7% 22% 6%
Return on capital employed (ROCE) 7% 7% 15% 3%
Capital structure and liquidity ratios
Debt / asset ratio (D/A) 0.02 0.02 0.01 0.00
Current Ratio 18.14 21.20 22.10 22.01
Quick ratio 18.14 21.20 22.10 22.01
Turnover ratios
Asset turnover 0.21 0.24 0.20 0.13
Fixed asset turnover 0.90 0.63 0.38 0.33
Equity turnover 0.48 0.54 0.31 0.15
Profitability ratios
EBITDA margin 20% 18% 55% 31%
Operating profit margin 16% 14% 48% 18%
Net profit margin 13% 12% 42% 23%
Other ratios
Dividends to the State 570.89 631.00 573.20 5,762.80
Dividends paid / net profit 0.70 0.75 0.07 0.75

* 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) 2% 6% 5% 4%
Return on equity (ROE) 4% 11% 15% 7%
Return on capital employed (ROCE) 4% 7% 8% 3%
Capital structure and liquidity ratios
Debt / asset ratio (D/A) 0.02 0.00 0.00 0.01
Current Ratio 25.54 18.87 41.19 32.73
Quick ratio 25.54 18.87 41.19 32.73
Turnover ratios
Asset turnover 0.12 0.09 0.06 0.07
Fixed asset turnover 0.29 0.17 0.33 0.27
Equity turnover 0.28 0.15 0.25 0.08
Profitability ratios
EBITDA margin 19% 51% 40% 50%
Operating profit margin 15% 46% 34% 35%
Net profit margin 13% 41% 30% 40%
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. metinės 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. metinės 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. 9 mėn. tarpinės ataskaitos 2014 m. 6 mėn. tarpinės ataskaitos 2014 m. 3 mėn. tarpinės ataskaitos
2012 m. metinės ataskaitos
2013 m. 3 mėn. tarpinės ataskaitos 2013 m. 6 mėn. tarpinės ataskaitos 2013 m. 12 mėn. tarpinės ataskaitos 2013 m. 9 mėn. tarpinės ataskaitos 2013 m. metinės ataskaitos
2011 m. metinės ataskaitos
2010 m. metinės ataskaitos

Expectations of the state

Key performance indicator
Letter of Expectations

About the company

  • Official nameUAB ILTE
  • Legal formPrivate limited liability company (UAB)
  • Company code110084026
  • SectorOther
  • Line of businessFinancing solutions for Lithuania's small and medium-sized businesses, the public sector, and agriculture
  • Institution representing the StateMinistry of Finance
  • Special obligationsPerformes non-commercial special obligations
  • Share belonging to the State100%
  • Contacts https://www.ilte.lt/
Return to the State

5.8 EUR milion

ROE

5.6%

Number of employees

330

Financial data provided as at end-December 2024

Management

  • Dainius VilčinskasChief Executive Officer

Information as of: 2025/10/01

Board of Directors

CHAIRMAN OF THE BOARD OF DIRECTORS

  • Dainius VilčinskasUAB ILTE

MEMBERS OF THE BOARD OF DIRECTORS

  • Lina StragauskienėUAB ILTE
  • Jonas KanapeckasUAB ILTE
  • Giedrė GečiauskienėUAB ILTE; UAB Būsto paskolų draudimas

Information as of: 2025/10/01

Supervisory board

CHAIRMAN OF THE SUPERVISORY BOARD

  • Daina KleponėIndependent member; Vilnius Gediminas Technical University

SUPERVISORY BOARD MEMBERS

  • Aivaras ČičelisIndependent member; BMI Executive Institute; UAB LTG Cargo; AB HISK
  • Povilas KriaučeliūnasMinistry of the Economy and Innovation
  • Pascal LagardeIndependent member; Bpifrance
  • Aurimas SaladžiusMinistry of Environment
  • Irma PatapienėMinistry of Finance
  • Eugenijus PreikšaIndependent member; European Merchant Bank; Lietuvos geležinkeliai, AB

Information as of: 2025/10/01

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