Kelių priežiūra

AB Kelių priežiūra is a modernising company with ambitious goals. Combining decades of expertise and an innovative approach, the company has become one of the largest teams in Lithuania with over 2,200 employees.
The company is responsible for the maintenance of 21,000 kilometres of national roads. In winter, it ensures that roads are passable, and in spring and autumn it improves the quality of the roads by renewing worn-out road surfaces, profiling gravel roads, maintaining roadside structures and plantations, etc.

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

	2021	2022	2023	2024
Revenue	91,877	113,580	125,720	135,778
Cost of goods sold	88,058	109,627	113,240	117,013
Gross profit (loss)	3,819	3,953	12,480	18,766
Gross profit margin	4%	3%	10%	14%
Operating expenses	8,038	8,527	9,912	11,148
Operating profit (loss)	5,088	2,288	2,912	2,550
Operating profit margin	-5%	-4%	2%	6%
EBITDA	6,855	7,366	16,457	20,844
EBITDA margin	7%	6%	13%	15%
Net profit (loss)	-3,303	-3,918	4,487	6,962
Net profit margin	-4%	-3%	4%	5%

	2021-06	2022-06	2023-06	2024-06
Revenue	44,405	47,672	60,470	65,536
Cost of goods sold	41,418	46,663	53,811	58,272
Gross profit (loss)	2,987	1,009	6,659	7,264
Gross profit margin	7%	2%	11%	11%
Operating expenses	3,970	4,026	4,608	5,363
Operating profit (loss)	-983	-3,018	2,051	1,901
Operating profit margin	-2%	-6%	3%	3%
EBITDA	4,356	2,674	8,276	8,846
EBITDA margin	10%	6%	14%	13%
Net profit (loss)	-845	-2,467	2,517	2,629
Net profit margin	-2%	-5%	4%	4%

* Left axis

** Right axis

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

Balance sheet

Annual
Semi-annual

	2021	2022	2023	2024
Non-current assets	96,510	100,292	104,579	102,649
Intangible assets	282	396	604	637
Tangible assets	92,167	95,742	100,202	97,889
Financial assets	60	0	0	0
Other non-current assets	4,001	4,154	3,773	4,123
Current assets	31,938	59,055	47,168	55,715
Inventories and prepaid expenses	7,542	10,391	9,548	10,471
Accounts receivable in one year	3,853	3,098	4,412	12,613
Other current assets	2,920	1,933	1,229	1,148
Cash and cash equivalents	17,624	43,633	31,979	31,484
Total assets	128,448	159,347	151,747	158,364
Equity	106,760	102,842	107,329	114,291
Grants and subsidies	12	11	59	88
Liabilities	19,042	53,294	41,315	41,017
Financial liabilities	3,019	7,595	16,255	18,209
Long-term liabilities	3,295	6,759	13,437	13,000
Short-term liabilities	15,746	46,535	27,878	28,018
Equity and liabilities	128,448	159,347	151,747	158,364

	2021-06	2022-06	2023-06	2024-06
Non-current assets	94,892	100,294	98,232	104,498
Intangible assets	205	198	345	539
Tangible assets	91,654	95,776	94,090	98,911
Financial assets	60	60	0	0
Other non-current assets	2,973	4,260	3,797	5,048
Current assets
Inventories and prepaid expenses	7,533	9,727	8,671	9,366
Accounts receivable in one year	10,454	15,223	15,103	18,666
Other current assets	1,362	4,053	3,258	784
Cash and cash equivalents	15,609	5,133	11,309	27,312
Total assets	129,849	134,429	136,573	160,626
Equity	109,219	104,294	105,359	109,958
Grants and subsidies		11	10	81
Liabilities	17,544	27,650	28,190	47,441
Financial liabilities	2,407	7,926	8,475	27,668
Long-term liabilities	3,105	8,315	6,836	26,571
Short-term liabilities	14,439	19,335	21,354	20,870
Equity and liabilities	129,849	134,429	136,573	160,626

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

Financial ratios

Annual
Semi-annual

	2021	2022	2023	2024
Capital return ratios
Return on assets (ROA)	-2%	-3%	3%	4%
Return on equity (ROE)	-3%	-4%	4%	6%
Return on capital employed (ROCE)	-4%	-4%	2%	6%
Capital structure and liquidity ratios
Debt / asset ratio (D/A)	0.02	0.05	0.11	0.11
Current Ratio	2.03	1.27	1.69	1.99
Quick ratio	1.55	1.05	1.35	1.61
Turnover ratios
Asset turnover	0.72	0.71	0.83	0.86
Fixed asset turnover	0.95	1.13	1.20	1.32
Equity turnover	0.86	1.10	1.17	1.19
Profitability ratios
EBITDA margin	7%	6%	13%	15%
Operating profit margin	-5%	-4%	2%	6%
Net profit margin	-4%	-3%	4%	5%
Other ratios
Dividends to the State	0.00	0.00	0.00	3,125.40
Dividends paid / net profit	0.00	0.00	0.00	0.45

* Left axis

** Right axis

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

	2021-06	2022-06	2023-06	2024-06
Capital return ratios
Return on assets (ROA)	1%	-4%	1%	3%
Return on equity (ROE)	2%	-5%	1%	4%
Return on capital employed (ROCE)	-1%	-3%	2%	1%
Capital structure and liquidity ratios
Debt / asset ratio (D/A)	0.02	0.06	0.06	0.17
Current Ratio	2.42	1.77	1.80	2.69
Quick ratio	1.90	1.26	1.39	2.24
Turnover ratios
Asset turnover	0.34	0.35	0.44	0.41
Fixed asset turnover	0.47	0.48	0.62	0.63
Equity turnover	0.41	0.46	0.57	0.60
Profitability ratios
EBITDA margin	10%	6%	14%	13%
Operating profit margin	-2%	-6%	3%	3%
Net profit margin	-2%	-5%	4%	4%
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. metinės ataskaitos

Expectations of the state

Key performance indicator

Letter of Expectations

About the company

Official nameAB „Kelių priežiūra“
Legal formPublic limited liability company (AB)
Company code232112130
SectorTransport and Communications
Line of businessRoad construction and maintenance
Institution representing the StateMinistry of Transport and Communications
Special obligationsPerformes non-commercial special obligations
Share belonging to the State100%
Contacts http://keliuprieziura.lt/

Return to the State

3.1 EUR milion

ROE

6.3%

Number of employees

2,214

Financial data provided as at end-December 2024

Management

Audrius VaitkusChief Executive officer

Information as of: 2025/09/01

Board of Directors

CHAIRMAN OF THE BOARD OF DIRECTORS

Vygantas SliesoraitisIndependent member; UAB Visi namai; UAB Vegta; VšĮ Panovis; UAB Genetiniai ištekliai

MEMBERS OF THE BOARD OF DIRECTORS

Živilė ValeišienėIndependent member; Sunstone Group; AB KN Energies; VĮ Ignalinos atominė elektrinė

Nerijus DatkūnasIndependent member; AB Energijos skirstymo operatorius; UAB LVG holding; MB Metakomanda; MB Leading LT; UAB Ąžuolų sodas; UAB Cherry servers; UAB PAKMARKAS

Vidmantas TamulisMinistry of Transport and Communications