Valdymo koordinavimo centras Governance Coordination Centre

State Owned Enterprises

LITEXPO was registered as a public limited company in 1990 and re-registered in a private limited company in 1995. Since 2006, LITEXPO is also a member of the global exhibition business association UFI. The company carries out the following economic activities: organization of meetings and business events, rent of conference halls, coordination of Lithuanian presentations at world exhibitions, design and preparation of stands, provision of food for events and other related services.

           2024/25 GOOD CORPORATE GOVERNANCE INDEX       

LITEXPO_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 4,207 6,365 5,292 5,535
Cost of goods sold 3,963 4,426 4,390 4,451
Gross profit (loss) 244 1,938 902 1,084
Gross profit margin 6% 30% 17% 20%
Operating expenses 884 348 71 813
Operating profit (loss) -650 1,528 805 239
Operating profit margin -15% 24% 15% 4%
EBITDA 32 1,295 615 616
EBITDA margin 1% 20% 12% 11%
Net profit (loss) -783 657 434 69
Net profit margin -19% 10% 8% 1%
2022-06 2023-06 2024-06 2025-06
Revenue 2,543 4,113 3,718 3,632
Cost of goods sold 1,983 2,468 2,334 2,381
Gross profit (loss) 559 1,645 1,385 1,251
Gross profit margin 22% 40% 37% 34%
Operating expenses 386 558 514 491
Operating profit (loss) 169 1,081 854 745
Operating profit margin 7% 26% 23% 20%
EBITDA 574 1,404 1,205 1,204
EBITDA margin 23% 34% 32% 33%
Net profit (loss) 40 733 611 615
Net profit margin 2% 18% 16% 17%

* 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 13,417 13,111 14,015 13,454
Intangible assets 3 2 6 14
Tangible assets 12,558 12,987 14,009 13,440
Financial assets 289 0 0 0
Other non-current assets 13,417 13,111 14,015 13,454
Current assets 1,819 1,823 1,625 1,928
Inventories and prepaid expenses 53 128 4 20
Accounts receivable in one year 336 104 213 200
Other current assets 0 700 600 800
Cash and cash equivalents 1,430 891 807 908
Total assets 15,278 15,008 15,731 15,490
Equity 4,831 7,488 8,620 8,689
Grants and subsidies 1,569 1,500 1,432 1,363
Liabilities 8,837 5,980 5,651 5,413
Financial liabilities 5,469 4,817 4,511 4,206
Long-term liabilities 5,644 4,586 4,231 3,900
Short-term liabilities 3,193 1,394 1,420 1,513
Equity and liabilities 15,278 15,008 15,731 15,490
2022-06 2023-06 2024-06 2025-06
Non-current assets 13,634 13,176 13,484 13,564
Intangible assets 5 3 1 5
Tangible assets 12,919 12,422 13,434 13,559
Financial assets 289 289 0 0
Other non-current assets 421 462 49 0
Current assets 140 2,467 2,214 2,055
Inventories and prepaid expenses 18 294 7 8
Accounts receivable in one year 74 658 430 277
Other current assets 0 0 1,400 1,400
Cash and cash equivalents 48 1,515 378 370
Total assets 13,812 15,740 15,769 15,687
Equity 5,653 7,564 8,797 9,235
Grants and subsidies 1,603 1,535 1,466 1,398
Liabilities 6,521 6,579 5,480 5,035
Financial liabilities 5,468 5,468 4,664 4,359
Long-term liabilities 5,847 5,644 4,586 4,231
Short-term liabilities 674 936 894 804
Equity and liabilities 13,812 15,740 15,769 15,687

* 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) -5% 4% 3% 0%
Return on equity (ROE) -15% 11% 5% 1%
Return on capital employed (ROCE) -6% 13% 6% 2%
Capital structure and liquidity ratios
Debt / asset ratio (D/A) 0.36 0.32 0.29 0.27
Current Ratio 0.57 1.31 1.14 1.27
Quick ratio 0.55 1.22 1.14 1.26
Turnover ratios
Asset turnover 0.28 0.42 0.34 0.36
Fixed asset turnover 0.31 0.49 0.38 0.41
Equity turnover 0.87 0.85 0.61 0.64
Profitability ratios
EBITDA margin 1% 20% 12% 11%
Operating profit margin -15% 24% 15% 4%
Net profit margin -19% 10% 8% 1%
Other ratios
Dividends to the State 0.00 0.00 0.00 0.00
Dividends paid / net profit 0.00 0.00 0.00 0.00

* 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) -10% -1% 3% 3%
Return on equity (ROE) -20% -1% 7% 5%
Return on capital employed (ROCE) 1% 8% 6% 6%
Capital structure and liquidity ratios
Debt / asset ratio (D/A) 0.41 0.35 0.30 0.28
Current Ratio 0.21 2.64 2.48 2.56
Quick ratio 0.18 2.32 2.47 2.55
Turnover ratios
Asset turnover 0.18 0.26 0.24 0.23
Fixed asset turnover 0.19 0.31 0.28 0.27
Equity turnover 0.45 0.54 0.42 0.39
Profitability ratios
EBITDA margin 23% 34% 32% 33%
Operating profit margin 7% 26% 23% 20%
Net profit margin 2% 18% 16% 17%
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. 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. 3 mėn. tarpinės ataskaitos 2014 m. 6 mėn. tarpinės ataskaitos
2012 m. metinės ataskaitos 2012 m. 9 mėn. tarpinės ataskaitos
2013 m. 3 mėn. tarpinės ataskaitos 2013 m. 6 mėn. tarpinės ataskaitos 2013 m. metinės ataskaitos 2013 m. 9 mėn. tarpinės ataskaitos 2013 m. 12 mėn. tarpinės ataskaitos
2010 m. metinės ataskaitos
2011 m. metinės ataskaitos

Expectations of the state

Key performance indicator
Letter of Expectations

About the company

  • Official nameUAB Lietuvos parodų ir kongresų centras „LITEXPO“
  • Legal formPrivate limited liability company (UAB)
  • Company code120080713
  • SectorOther
  • Line of businessOrganizing exhibitions, conferences and other events
  • Institution representing the StateMinistry of the Economy and Innovation
  • Share belonging to the State99.48%
  • Contacts http://litexpo.lt/
ROE

0.4%

Number of employees

68

Financial data provided as at end-December 2024

Management

  • Vilius VaičekauskasChief Executive officer

Term of office expires: 2029/10/09

The information is relevant

Board of Directors

CHAIRMAN OF THE BOARD OF DIRECTORS

  • Ramutė RibinskienėIndependent member

MEMBERS OF THE BOARD OF DIRECTORS

  • Mantas DubauskasIndependent member
  • Gediminas JudzentasIndependent member
  • Ieva NaudžiūnaitėIndependent member
  • Rūta SteckienėMinistry of the Economy and Innovation

Term of office expires: 2030/04/16

The information is relevant

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