Valdymo koordinavimo centras Governance Coordination Centre

State Owned Enterprises

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.

          2024/25 GOOD CORPORATE GOVERNANCE INDEX

Keliu_prieziura_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 113,580 125,720 135,778 141,267
Cost of goods sold 109,627 113,240 117,013 124,127
Gross profit (loss) 3,953 12,480 18,766 17,140
Gross profit margin 3% 10% 14% 12%
Operating expenses 8,527 9,912 11,148 11,455
Operating profit (loss) -4,574 2,568 7,618 5,685
Operating profit margin -4% 2% 6% 4%
EBITDA 7,366 16,457 20,844 18,505
EBITDA margin 6% 13% 15% 13%
Net profit (loss) -3,918 4,487 6,962 5,691
Net profit margin -3% 4% 5% 4%
2022-06 2023-06 2024-06 2025-06
Revenue 47,672 60,470 65,536 61,456
Cost of goods sold 46,663 53,811 58,272 53,814
Gross profit (loss) 1,009 6,659 7,264 7,642
Gross profit margin 2% 11% 11% 12%
Operating expenses 4,026 4,608 5,363 5,853
Operating profit (loss) -3,018 2,051 1,901 1,789
Operating profit margin -6% 3% 3% 3%
EBITDA 2,674 8,276 8,912 8,372
EBITDA margin 6% 14% 14% 14%
Net profit (loss) -2,467 2,517 2,629 973
Net profit margin -5% 4% 4% 2%

* Left axis

** Right axis

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

Balance sheet

2022 2023 2024 2025
Non-current assets 100,292 104,579 102,649 108,444
Intangible assets 396 604 637 1,021
Tangible assets 95,742 100,202 97,889 101,648
Financial assets 0 0
Other non-current assets 100,292 104,579 102,649 108,444
Current assets 59,055 47,168 55,715 61,548
Inventories and prepaid expenses 10,391 9,548 10,471 9,367
Accounts receivable in one year 3,098 4,412 12,613 7,429
Other current assets 1,933 1,229 1,148 2,107
Cash and cash equivalents 43,633 31,979 31,484 42,644
Total assets 159,347 151,747 158,364 169,992
Equity 102,842 107,329 114,291 116,857
Grants and subsidies 11 59 88 113
Liabilities 53,294 41,315 41,017 49,577
Financial liabilities 7,595 16,255 18,209 20,193
Long-term liabilities 6,759 13,437 13,000 14,834
Short-term liabilities 46,535 27,878 28,018 34,743
Equity and liabilities 159,347 151,747 158,364 169,992
2022-06 2023-06 2024-06 2025-06
Non-current assets 100,294 98,232 104,498 100,256
Intangible assets 198 345 539 650
Tangible assets 95,776 94,090 98,911 96,043
Financial assets 60 0 0 0
Other non-current assets 4,260 3,797 5,048 3,563
Current assets 34,135 38,340 56,128 54,331
Inventories and prepaid expenses 9,727 8,671 9,366 10,678
Accounts receivable in one year 15,223 15,103 18,666 15,840
Other current assets 4,053 3,258 784 960
Cash and cash equivalents 5,133 11,309 27,312 26,853
Total assets 134,429 136,573 160,626 154,587
Equity 104,294 105,359 109,958 112,139
Grants and subsidies 11 10 81 122
Liabilities 27,650 28,190 47,441 39,322
Financial liabilities 7,926 8,475 27,668 20,279
Long-term liabilities 8,315 6,836 26,571 17,901
Short-term liabilities 19,335 21,354 20,870 21,421
Equity and liabilities 134,429 136,573 160,626 154,587

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

Financial ratios

2022 2023 2024 2025
Capital return ratios
Return on assets (ROA) -3% 3% 4% 3%
Return on equity (ROE) -4% 4% 6% 5%
Return on capital employed (ROCE) -4% 2% 6% 4%
Capital structure and liquidity ratios
Debt / asset ratio (D/A) 0.05 0.11 0.11 0.12
Current Ratio 1.27 1.69 1.99 1.77
Quick ratio 1.05 1.35 1.61 1.50
Turnover ratios
Asset turnover 0.71 0.83 0.86 0.83
Fixed asset turnover 1.13 1.20 1.32 1.30
Equity turnover 1.10 1.17 1.19 1.21
Profitability ratios
EBITDA margin 6% 13% 15% 13%
Operating profit margin -4% 2% 6% 4%
Net profit margin -3% 4% 5% 4%
Other ratios
Dividends to the State 0.00 0.00 3,125.40 4,268.53
Dividends paid / net profit 0.00 0.00 0.45 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) -4% 1% 3% 3%
Return on equity (ROE) -5% 1% 4% 5%
Return on capital employed (ROCE) -3% 2% 1% 1%
Capital structure and liquidity ratios
Debt / asset ratio (D/A) 0.06 0.06 0.17 0.13
Current Ratio 1.77 1.80 2.69 2.54
Quick ratio 1.26 1.39 2.24 2.04
Turnover ratios
Asset turnover 0.35 0.44 0.41 0.40
Fixed asset turnover 0.48 0.62 0.63 0.61
Equity turnover 0.46 0.57 0.60 0.55
Profitability ratios
EBITDA margin 6% 14% 14% 14%
Operating profit margin -6% 3% 3% 3%
Net profit margin -5% 4% 4% 2%
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

4.3 EUR milion

ROE

3.5%

Number of employees

2,163

Financial data provided as at end-December 2024

Management

  • Audrius VaitkusChief Executive officer

Term of office expires: 2029/01/08

The information is relevant

Board of Directors

CHAIRMAN OF THE BOARD OF DIRECTORS

  • Julija Abromavičienė Independent member

MEMBERS OF THE BOARD OF DIRECTORS

  • Jonas DavidavičiusIndependent member
  • Tomas TumėnasIndependent member
  • Dalia AndrulionienėIndependent member
  • Jūratė BogdevičienėMinistry of Transport and Communications

Term of office expires: 2030/05/27

The information is relevant

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