Oro navigacija

Oro navigacija is a state-owned company founded in 1995. It is a certified European air navigation service provider, that provides air traffic, communication, navigation and surveillance, air navigation information services to aircrafts flying in the Republic of Lithuania.
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 | 26,167 | 26,866 | 30,345 | 32,110 |
Cost of goods sold | 16,718 | 19,078 | 20,966 | 22,518 |
Gross profit (loss) | 9,449 | 7,788 | 9,378 | 9,592 |
Gross profit margin | 36% | 29% | 31% | 30% |
Operating expenses | 4,362 | 5,501 | 6,466 | 7,042 |
Operating profit (loss) | 36,265 | 26,047 | 26,587 | 23,688 |
Operating profit margin | 19% | 9% | 10% | 8% |
EBITDA | 8,789 | 6,006 | 7,000 | 6,552 |
EBITDA margin | 34% | 22% | 23% | 20% |
Net profit (loss) | 5,092 | 2,144 | 2,547 | 2,442 |
Net profit margin | 19% | 8% | 8% | 8% |
2021-06 | 2022-06 | 2023-06 | 2024-06 | |
---|---|---|---|---|
Revenue | 6,599 | 9,933 | 13,383 | 15,761 |
Cost of goods sold | 7,290 | 8,444 | 9,612 | 10,721 |
Gross profit (loss) | -691 | 1,489 | 3,770 | 5,040 |
Gross profit margin | -10% | 15% | 28% | 32% |
Operating expenses | 3,056 | 3,245 | 3,546 | 3,856 |
Operating profit (loss) | -3,746 | -1,755 | 225 | 1,184 |
Operating profit margin | -57% | -18% | 2% | 8% |
EBITDA | -1,906 | 234 | 2,166 | 3,285 |
EBITDA margin | -29% | 2% | 16% | 21% |
Net profit (loss) | -3,832 | -1,854 | 169 | 1,486 |
Net profit margin | -58% | -19% | 1% | 9% |
Balance sheet
2021 | 2022 | 2023 | 2024 | |
---|---|---|---|---|
Non-current assets | 45,145 | 45,889 | 42,138 | 38,517 |
Intangible assets | 64 | 183 | 282 | 469 |
Tangible assets | 38,198 | 36,196 | 32,694 | 31,324 |
Financial assets | 0 | 0 | 0 | 3,032 |
Other non-current assets | 6,883 | 9,510 | 9,161 | 3,693 |
Current assets | 12,082 | 13,888 | 20,861 | 22,600 |
Inventories and prepaid expenses | 11 | 12 | 9 | 11 |
Accounts receivable in one year | 2,157 | 5,730 | 4,288 | 7,006 |
Other current assets | 3,000 | 3,000 | 5,000 | 9,000 |
Cash and cash equivalents | 6,914 | 5,146 | 11,565 | 6,583 |
Total assets | 59,848 | 61,561 | 66,097 | 64,638 |
Equity | 59,848 | 61,561 | 66,097 | 64,638 |
Grants and subsidies | 7,808 | 0 | 0 | 0 |
Liabilities | 3,825 | 10,326 | 13,888 | 9,197 |
Financial liabilities | 522 | 0 | 0 | 88 |
Long-term liabilities | 1,061 | 6,804 | 8,691 | 4,809 |
Short-term liabilities | 2,764 | 3,522 | 5,197 | 4,388 |
Equity and liabilities |
2021-06 | 2022-06 | 2023-06 | 2024-06 | |
---|---|---|---|---|
Non-current assets | 39,828 | 44,717 | 44,200 | 39,138 |
Intangible assets | 93 | 54 | 303 | 496 |
Tangible assets | 38,296 | 37,809 | 34,463 | 31,138 |
Financial assets | 0 | 0 | 0 | 0 |
Other non-current assets | 1,440 | 6,854 | 9,434 | 7,504 |
Current assets | 2,453 | 2,712 | 1,269 | 0 |
Inventories and prepaid expenses | 9 | 21 | 8 | 12 |
Accounts receivable in one year | 1,958 | 2,468 | 8,867 | 11,800 |
Other current assets | 3,000 | 3,000 | 4,000 | 7,500 |
Cash and cash equivalents | 8,339 | 4,947 | 2,968 | 4,383 |
Total assets | 55,587 | 57,999 | 61,376 | 62,832 |
Equity | 38,055 | 45,257 | 47,667 | 48,871 |
Grants and subsidies | 8,314 | 7,232 | 6,084 | 0 |
Liabilities | 7,013 | 4,351 | 6,350 | 13,961 |
Financial liabilities | 1,565 | 0 | 0 | 0 |
Long-term liabilities | 975 | 1,061 | 1,195 | 5,548 |
Short-term liabilities | 6,038 | 3,290 | 5,155 | 8,413 |
Equity and liabilities | 55,587 | 57,999 | 61,376 | 62,832 |
Financial ratios
2021 | 2022 | 2023 | 2024 | |
---|---|---|---|---|
Capital return ratios | ||||
Return on assets (ROA) | 9% | 4% | 4% | 4% |
Return on equity (ROE) | 11% | 4% | 5% | 5% |
Return on capital employed (ROCE) | 11% | 4% | 5% | 5% |
Capital structure and liquidity ratios | ||||
Debt / asset ratio (D/A) | 0.01 | 0.00 | 0.00 | 0.00 |
Current Ratio | 4.37 | 3.94 | 4.01 | 5.15 |
Quick ratio | 4.37 | 3.94 | 4.01 | 5.15 |
Turnover ratios | ||||
Asset turnover | 0.44 | 0.44 | 0.46 | 0.50 |
Fixed asset turnover | 0.58 | 0.59 | 0.72 | 0.83 |
Equity turnover | 0.56 | 0.55 | 0.61 | 0.63 |
Profitability ratios | ||||
EBITDA margin | 34% | 22% | 23% | 20% |
Operating profit margin | 19% | 9% | 10% | 8% |
Net profit margin | 19% | 7% | 8% | 8% |
Other ratios | ||||
Dividends to the State | 0.00 | 1,662.30 | 2,295.90 | 2,028.10 |
Dividends paid / net profit | 0.00 | 0.78 | 0.90 | 0.83 |
2021-06 | 2022-06 | 2023-06 | 2024-06 | |
---|---|---|---|---|
Capital return ratios | ||||
Return on assets (ROA) | -7% | 12% | 7% | 6% |
Return on equity (ROE) | -10% | 17% | 9% | 7% |
Return on capital employed (ROCE) | -10% | -4% | 0% | 2% |
Capital structure and liquidity ratios | ||||
Debt / asset ratio (D/A) | 0.03 | 0.00 | 0.00 | 0.00 |
Current Ratio | 2.20 | 3.17 | 3.09 | 2.82 |
Quick ratio | 2.20 | 3.17 | 3.08 | 2.81 |
Turnover ratios | ||||
Asset turnover | 0.12 | 0.17 | 0.22 | 0.25 |
Fixed asset turnover | 0.17 | 0.22 | 0.30 | 0.40 |
Equity turnover | 0.17 | 0.22 | 0.28 | 0.32 |
Profitability ratios | ||||
EBITDA margin | -29% | 2% | 16% | 21% |
Operating profit margin | -57% | -18% | 2% | 8% |
Net profit margin | -58% | -19% | 1% | 9% |
Other ratios | ||||
Dividends to the State | ||||
Dividends paid / net profit |
Financial statments
Expectations of the state
About the company
- Official nameAB „Oro navigacija“
- Legal formPublic limited liability company (AB)
- Company code210060460
- SectorTransport and Communications
- Line of businessAir space supervision and navigation
- Institution representing the StateMinistry of Transport and Communications
- Share belonging to the State100%
- Contacts http://www.ans.lt/
Return to the State
2.0 EUR milion
ROE
4.8%
Number of employees
303
Financial data provided as at end-December 2024
Management
- Saulius BatavičiusChief Executive Officer
Information as of: 2025/06/02
Board of Directors
CHAIRMAN OF THE BOARD OF DIRECTORS
- Jūratė StanišauskienėIndependent member; UAB Legal Balance; Silver ventures; AB Lietuvos paštas
MEMBERS OF THE BOARD OF DIRECTORS
- Andrius ŠniuolisIndependent member; AB Energijos skirstymo operatorius
- Mantas ŠukevičiusIndependent member; UAB Demus asset management; MB Buteo Invest; JSCB “Biznesni rivojlantirish banki”; AB Detonas; AB KN Energies
- Darius StravinskasMinistry of Transport and Communications
Information as of: 2025/06/02