Valdymo koordinavimo centras Governance Coordination Centre

State Owned Enterprises

AB Lietuvos radijo ir televizijos centras (Telecentras) is a state-owned joint-stock company, which is the largest operator of free-to-air radio and television programmes in Lithuania. The company also provides data transmission, data centres, infrastructure rental, live broadcasts to studios and other services. The company owns the tallest building in Lithuania, the Vilnius TV Tower.

         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

2021 2022 2023 2024
Revenue 9,652 13,040 16,524 17,447
Cost of goods sold 5,937 8,932 12,499 11,152
Gross profit (loss) 3,716 4,108 4,025 6,296
Gross profit margin 38% 31% 24% 36%
Operating expenses 3,234 3,004 1,852 3,724
Operating profit (loss) 482 51 954 1,492
Operating profit margin 4% 7% 5% 7%
EBITDA 16,742 3,885 3,843 4,492
EBITDA margin 173% 30% 23% 26%
Net profit (loss) 12,344 1,091 1,558 1,227
Net profit margin 128% 8% 9% 7%
2021-06 2022-06 2023-06 2024-06
Revenue 4,407 5,838 7,773 7,341
Cost of goods sold 2,530 4,074 6,466 5,486
Gross profit (loss) 1,877 1,764 1,308 1,855
Gross profit margin 43% 30% 17% 25%
Operating expenses 1,581 1,194 706 1,388
Operating profit (loss) 283 516 202 341
Operating profit margin 6% 9% 3% 5%
EBITDA 15,566 1,817 1,502 1,894
EBITDA margin 353% 31% 19% 26%
Net profit (loss) 11,511 380 339 298
Net profit margin 261% 7% 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

2021 2022 2023 2024
Non-current assets 22,238 34,243 48,249 57,258
Intangible assets 188 328 261 242
Tangible assets 21,997 29,552 47,639 56,677
Financial assets 0 4,109 0
Other non-current assets 53 254 349 339
Current assets 37,154 17,497 3,874 4,204
Inventories and prepaid expenses 42 28 48 40
Accounts receivable in one year 1,175 1,079 2,415 3,696
Other current assets 0 0
Cash and cash equivalents 35,938 16,390 1,412 469
Total assets 59,392 51,740 52,123 61,462
Equity 45,259 38,305 39,836 39,747
Grants and subsidies 95 90 86
Liabilities 14,023 13,200 12,037 21,470
Financial liabilities 1,159 1,334 2,952 12,384
Long-term liabilities 10,436 10,732 3,808 13,232
Short-term liabilities 3,587 2,468 8,230 8,238
Equity and liabilities 59,392 51,740 52,123 61,462
2021-06 2022-06 2023-06 2024-06
Non-current assets 18,596 27,333 38,608 54,500
Intangible assets 231 265 305 249
Tangible assets 18,180 22,426 33,912 53,901
Financial assets 0 4,587 4,141 0
Other non-current assets 186 54 250 350
Current assets
Inventories and prepaid expenses 39 32 25 32
Accounts receivable in one year 8,716 1,325 2,022 2,016
Other current assets
Cash and cash equivalents 29,792 29,335 12,919 528
Total assets 57,143 58,026 53,574 57,076
Equity 42,929 45,641 37,681 38,429
Grants and subsidies 0 98 93 88
Liabilities 14,071 12,051 15,602 18,346
Financial liabilities 0 1,151 1,321 10,339
Long-term liabilities 9,979 10,581 10,703 11,186
Short-term liabilities 4,092 1,471 4,898 7,160
Equity and liabilities 57,143 58,026 53,574 57,076

* 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) 21% 2% 3% 2%
Return on equity (ROE) 32% 3% 4% 3%
Return on capital employed (ROCE) 1% 2% 2% 2%
Capital structure and liquidity ratios
Debt / asset ratio (D/A) 0.02 0.03 0.06 0.20
Current Ratio 10.36 7.09 0.47 0.51
Quick ratio 10.35 7.08 0.46 0.51
Turnover ratios
Asset turnover 0.16 0.25 0.32 0.28
Fixed asset turnover 0.43 0.38 0.34 0.30
Equity turnover 0.21 0.34 0.41 0.44
Profitability ratios
EBITDA margin 173% 30% 23% 26%
Operating profit margin 4% 7% 5% 7%
Net profit margin 128% 8% 9% 7%
Other ratios
Dividends to the State 7,639.10 940.20 1,705.20 1,180.27
Dividends paid / net profit 0.62 0.86 1.09 0.96

* 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) 24% 2% 2% 3%
Return on equity (ROE) 31% 3% 3% 4%
Return on capital employed (ROCE) 1% 1% 0% 1%
Capital structure and liquidity ratios
Debt / asset ratio (D/A) 0.00 0.02 0.02 0.18
Current Ratio 9.42 20.87 3.06 0.36
Quick ratio 9.41 20.85 3.05 0.36
Turnover ratios
Asset turnover 0.08 0.10 0.15 0.13
Fixed asset turnover 0.24 0.21 0.20 0.13
Equity turnover 0.10 0.13 0.21 0.19
Profitability ratios
EBITDA margin 353% 31% 19% 26%
Operating profit margin 6% 9% 3% 5%
Net profit margin 261% 7% 4% 4%
Other ratios
Dividends to the State
Dividends paid / net profit

Financial statments

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. 6 mėn. tarpinės ataskaitos 2016 m. 3 mėn. tarpinės 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. 3 mėn. tarpinės ataskaitos 2014 m. 9 mėn. tarpinės ataskaitos 2014 m. 6 mėn. tarpinės ataskaitos
2012 m. metinės ataskaitos
2013 m. 6 mėn. tarpinės ataskaitos 2013 m. 3 mėn. tarpinės ataskaitos 2013 m. metinės ataskaitos 2013 m. 12 mėn. tarpinės ataskaitos 2013 m. 9 mėn. tarpinės ataskaitos
2011 m. metinės ataskaitos

Expectations of the state

Key performance indicator
Letter of Expectations

About the company

  • Official nameAB Lietuvos radijo ir televizijos centras
  • Legal formPublic limited liability company (AB)
  • Company code120505210
  • SectorTransport and Communications
  • Line of businessBroadcasting of radio and television, broadband internet services
  • Institution representing the StateMinistry of Transport and Communications
  • Share belonging to the State100%
  • Contacts http://www.telecentras.lt/
Return to the State

1.2 EUR milion

ROE

3.1%

Number of employees

147

Financial data provided as at end-December 2024

Management

  • Remigijus ŠerisChief Executive Officer

Information as of: 2025/09/01

Board of Directors

CHAIRMAN OF THE BOARD OF DIRECTORS

  • Aušra PranckaitytėIndependent member; UAB Vidaus audito konsultacijos

MEMBERS OF THE BOARD OF DIRECTORS

  • Roma AndruškevičienėMinistry of Transport and Communications
  • Ramūnas Markauskas Independent member; UAB 360 IT; UAB Martigora

Information as of: 2025/09/01

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