Valdymo koordinavimo centras Governance Coordination Centre

Indirectly Owned State Enterprises

LTG Infra is part of the Lithuanian Railways group. The company’s main activity is the management, use and disposal of railway infrastructure under the right of entrustment, as well as the performance of the functions of a public railway infrastructure manager. The company was registered on 1 July 2019.

Financial results

P/L Statment

2021 2022 2023 2024
Revenue 191,863 189,165 177,827 184,808
Cost of goods sold 153,454 146,892 137,404 142,754
Gross profit (loss) 38,409 42,273 40,423 42,054
Gross profit margin 20% 22% 23% 23%
Operating expenses 41,531 51,785 44,326 47,768
Operating profit (loss) -3,122 -9,512 -3,903 -5,714
Operating profit margin -2% -5% -2% -3%
EBITDA 65,030 52,794 58,965 55,198
EBITDA margin 34% 28% 33% 30%
Net profit (loss) -2,873 -11,501 -8,738 -8,826
Net profit margin -1% -6% -5% -5%

Balance sheet

2021 2022 2023 2024
Non-current assets 1,503,973 1,561,514 1,776,395 1,948,022
Intangible assets 17,109 16,019 13,610 13,076
Tangible assets 1,486,864 1,545,429 1,762,549 1,934,722
Financial assets 132 127
Other non-current assets 66 105 97
Current assets 46,196 140,703 117,157 87,622
Inventories and prepaid expenses 10,820 5,693 4,624 20,668
Accounts receivable in one year 22,250 22,680 31,773 32,992
Other current assets 0 0
Cash and cash equivalents 10,921 112,007 77,022 33,701
Total assets 1,554,134 1,704,359 1,894,914 2,035,645
Equity 670,928 659,303 641,907 632,129
Grants and subsidies 603,031 808,340 982,862 1,119,277
Liabilities 235,560 215,191 247,497 254,181
Financial liabilities 160,200 143,118 128,881 124,483
Long-term liabilities 161,179 152,444 123,322 130,156
Short-term liabilities 74,382 62,747 124,175 124,026
Equity and liabilities 1,554,134 1,704,359 1,894,914 2,035,645

Financial ratios

2021 2022 2023 2024
Capital return ratios
Return on assets (ROA) -0% -1% -0% -0%
Return on equity (ROE) -0% -2% -1% -1%
Return on capital employed (ROCE) -0% -1% -1% -1%
Capital structure and liquidity ratios
Debt / asset ratio (D/A) 0.10 0.08 0.07 0.06
Current Ratio 0.62 2.24 0.94 0.71
Quick ratio 0.48 2.15 0.91 0.54
Turnover ratios
Asset turnover 0.12 0.11 0.09 0.09
Fixed asset turnover 0.13 0.12 0.10 0.09
Equity turnover 0.29 0.29 0.28 0.29
Profitability ratios
EBITDA margin 34% 28% 33% 30%
Operating profit margin -2% -5% -2% -3%
Net profit margin -1% -6% -5% -5%
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

About the company

  • Official nameAB „LTG Infra"
  • Legal formPublic limited liability company (AB)
  • Company code305202934
  • SectorTransport and Communications
  • Line of businessManagement, use and disposal of railway infrastructure and performance of the functions of public infrastructure manager.
  • Accountability„Lietuvos geležinkeliai“ group of companies
  • Share indirectly belonging to the State100%
  • Contacts https://ltginfra.lt/
ROE

-1.4%

Number of employees

2,353

Financial data provided as at end-December 2024

Management

  • Vytis ŽalimasChief Executive Officer

Information as of: 2025/06/02

Board of Directors

CHAIRMAN OF THE BOARD OF DIRECTORS

  • Gediminas AlmantasIndependent member; AB „Novaturas“; AB Lietuvos oro uostai; AB KN Energies

MEMBERS OF THE BOARD OF DIRECTORS

  • Sigitas KubilisAB Lietuvos geležinkeliai
  • Gediminas ŠečkusAB Lietuvos geležinkeliai
  • Haroldas NausėdaIndependent member; UAB Ignitis; Ignitis Eesti OÜ; Ignitis Suomi Oy; Ignitis Polska sp. z o.o.
  • Ramūnas RimkusMinistry of Transport and Communications

Information as of: 2025/06/02