LTG Infra

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

	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%

* Left axis

** Right axis

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

Balance sheet

Annual
Semi-annual

	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

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

Financial ratios

Annual
Semi-annual

	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

* Left axis

** Right axis

*** Dividends to the state in Financial Ratios table is in EUR thousand

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