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.

         2024/25 GOOD CORPORATE GOVERNANCE INDEX

LRTC_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 13,040 16,524 17,447 17,228
Cost of goods sold 8,932 12,499 11,152 13,246
Gross profit (loss) 4,108 4,025 6,296 3,982
Gross profit margin 31% 24% 36% 23%
Operating expenses 3,004 1,852 3,724 3,215
Operating profit (loss) 967 885 1,279 2,915
Operating profit margin 7% 5% 7% 17%
EBITDA 3,885 3,843 4,492 7,231
EBITDA margin 30% 23% 26% 42%
Net profit (loss) 1,091 1,558 1,227 2,741
Net profit margin 8% 9% 7% 16%
2022-06 2023-06 2024-06 2025-06
Revenue 5,838 7,773 7,341 8,798
Cost of goods sold 4,074 6,466 5,486 6,125
Gross profit (loss) 1,764 1,308 1,855 2,673
Gross profit margin 30% 17% 25% 30%
Operating expenses 1,194 706 1,388 2,500
Operating profit (loss) 516 202 341 136
Operating profit margin 9% 3% 5% 2%
EBITDA 1,817 1,502 1,907 2,131
EBITDA margin 31% 19% 26% 24%
Net profit (loss) 380 339 298 65
Net profit margin 7% 4% 4% 1%

* 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 34,243 48,249 57,258 58,996
Intangible assets 328 261 242 387
Tangible assets 29,552 47,639 56,677 58,220
Financial assets 4,109 0
Other non-current assets 34,243 48,249 57,258 58,996
Current assets 17,497 3,874 4,204 4,593
Inventories and prepaid expenses 28 48 40 35
Accounts receivable in one year 1,079 2,415 3,696 1,605
Other current assets 0 0 0
Cash and cash equivalents 16,390 1,412 469 2,952
Total assets 51,740 52,123 61,462 63,589
Equity 38,305 39,836 39,747 41,257
Grants and subsidies 95 90 86 84
Liabilities 13,200 12,037 21,470 22,067
Financial liabilities 1,334 2,952 12,384 13,914
Long-term liabilities 10,732 3,808 13,232 15,877
Short-term liabilities 2,468 8,230 8,238 6,191
Equity and liabilities 51,740 52,123 61,462 63,589
2022-06 2023-06 2024-06 2025-06
Non-current assets 27,333 38,608 54,500 57,075
Intangible assets 265 305 249 203
Tangible assets 22,426 33,912 53,901 55,312
Financial assets 4,587 4,141 0
Other non-current assets 54 250 350 1,560
Current assets 30,693 14,966 2,576 3,994
Inventories and prepaid expenses 32 25 32 38
Accounts receivable in one year 1,325 2,022 2,016 3,397
Other current assets 0
Cash and cash equivalents 29,335 12,919 528 559
Total assets 58,026 53,574 57,076 61,069
Equity 45,641 37,681 38,429 38,632
Grants and subsidies 98 93 88 83
Liabilities 12,051 15,602 18,346 21,441
Financial liabilities 1,151 1,321 10,339 12,824
Long-term liabilities 10,581 10,703 11,186 12,721
Short-term liabilities 1,471 4,898 7,160 8,720
Equity and liabilities 58,026 53,574 57,076 61,069

* 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) 2% 3% 2% 4%
Return on equity (ROE) 3% 4% 3% 7%
Return on capital employed (ROCE) 2% 2% 2% 5%
Capital structure and liquidity ratios
Debt / asset ratio (D/A) 0.03 0.06 0.20 0.22
Current Ratio 7.09 0.47 0.51 0.74
Quick ratio 7.08 0.46 0.51 0.74
Turnover ratios
Asset turnover 0.25 0.32 0.28 0.27
Fixed asset turnover 0.38 0.34 0.30 0.29
Equity turnover 0.34 0.41 0.44 0.42
Profitability ratios
EBITDA margin 30% 23% 26% 42%
Operating profit margin 7% 5% 7% 17%
Net profit margin 8% 9% 7% 16%
Other ratios
Dividends to the State 940.20 1,705.20 1,180.27 2,183.98
Dividends paid / net profit 0.86 1.09 0.96 0.80

* 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% 2% 3% 2%
Return on equity (ROE) 3% 3% 4% 3%
Return on capital employed (ROCE) 1% 0% 1% 0%
Capital structure and liquidity ratios
Debt / asset ratio (D/A) 0.02 0.02 0.18 0.21
Current Ratio 20.87 3.06 0.36 0.46
Quick ratio 20.85 3.05 0.36 0.45
Turnover ratios
Asset turnover 0.10 0.15 0.13 0.14
Fixed asset turnover 0.21 0.20 0.13 0.15
Equity turnover 0.13 0.21 0.19 0.23
Profitability ratios
EBITDA margin 31% 19% 26% 24%
Operating profit margin 9% 3% 5% 2%
Net profit margin 7% 4% 4% 1%
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. 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

2.2 EUR milion

ROE

4.4%

Number of employees

157

Financial data provided as at end-December 2024

Management

  • Remigijus ŠerisChief Executive Officer

Term of office expires: 2028/01/01

The information is relevant

Board of Directors

CHAIRMAN OF THE BOARD OF DIRECTORS

  • Raimondas GeleževičiusIndependent member

MEMBERS OF THE BOARD OF DIRECTORS

  • Saulius UrbanavičiusIndependent member
  • Jūratė Puodžiukaitė-DildienėIndependent member
  • Ramutė RibinskienėIndependent member
  • Roma AndruškevičienėMinistry of Transport and Communications

Term of office expires: 2030/05/04

The information is relevant

VMU
LTG_logo
RC
LP
TB
IGN
KN_Log_new
Altra_be_teksto
Epso_g_logonew