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Valdymo koordinavimo centras Governance Coordination Centre

State Owned Enterprises

UAB Toksika is a licensed hazardous waste management company operating in Lithuania since 1992. The company manages facilities of national importance – a hazardous waste incinerator and a hazardous waste landfill. The company carries out all types of hazardous waste collection, transport and final treatment activities.


       2022/23 GOOD CORPORATE GOVERNANCE INDEX

       


       2021/22 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

2019 2020 2021 2022
Revenue 4,894 8,566 7,853 8,014
Cost of goods sold 2,853 4,273 3,813 4,275
Gross profit (loss) 2,042 4,293 4,040 3,739
Gross profit margin 42% 50% 51% 47%
Operating expenses 1,820 2,647 2,664 3,070
Operating profit (loss) 222 1,646 1,376 669
Operating profit margin 5% 19% 18% 8%
EBITDA 802 2,261 2,104 1,568
EBITDA margin 16% 26% 27% 20%
Net profit (loss) 281 1,638 1,263 565
Net profit margin 6% 19% 16% 7%
2020-06 2021-06 2022-06 2023-06
Revenue 5,556 3,361 3,899 3,357
Cost of goods sold 2,181 1,054 1,714 1,594
Gross profit (loss) 3,375 2,307 2,185 1,763
Gross profit margin 61% 69% 56% 53%
Operating expenses 1,383 1,168 1,334 1,423
Operating profit (loss) 1,992 1,139 851 340
Operating profit margin 36% 34% 22% 10%
EBITDA 2,283 1,509 1,290 834
EBITDA margin 41% 45% 33% 25%
Net profit (loss) 1,999 1,172 826 300
Net profit margin 36% 35% 21% 9%

Balance sheet

2019 2020 2021 2022
Non-current assets 24,649 23,556 23,198 22,065
Intangible assets 14 9 12 24
Tangible assets 24,482 23,314 22,900 21,785
Financial assets
Other non-current assets 152 234 287 257
Current assets 1,724 3,798 3,964 3,448
Inventories and prepaid expenses 232 647 395 740
Accounts receivable in one year 1,320 945 1,012 1,099
Other current assets
Cash and cash equivalents 172 2,206 2,558 1,609
Total assets 26,504 27,446 27,257 25,664
Equity 6,406 8,045 8,427 8,219
Grants and subsidies 17,405 16,179 14,953 13,755
Liabilities 1,674 1,653 1,962 1,976
Financial liabilities 458 364 619 849
Long-term liabilities 237 164 410 570
Short-term liabilities 1,436 1,489 1,552 1,406
Equity and liabilities 26,504 27,446 27,257 25,664
2020-06 2021-06 2022-06 2023-06
Non-current assets 23,821 23,330 22,801 24,454
Intangible assets 11 9 6 37
Tangible assets 23,658 23,088 22,508 24,161
Financial assets 152 0 0 0
Other non-current assets 0 234 287 257
Current assets 4,077 3,660 3,750 2,261
Inventories and prepaid expenses 586 338 604 667
Accounts receivable in one year 865 984 1,234 840
Other current assets 0 0 0 0
Cash and cash equivalents 2,626 2,338 1,911 754
Total assets 27,984 27,058 26,633 26,825
Equity 8,405 8,337 8,479 8,105
Grants and subsidies 16,792 15,566 14,340 13,148
Liabilities 887 1,799 1,915 4,036
Financial liabilities 205 714 890 2,102
Long-term liabilities 180 261 697 1,949
Short-term liabilities 707 1,537 1,218 2,087
Equity and liabilities 27,984 27,058 26,633 26,825

Financial ratios

2019 2020 2021 2022
Capital return ratios
Return on assets (ROA) 1% 6% 5% 2%
Return on equity (ROE) 4% 23% 15% 7%
Return on capital employed (ROCE) 3% 20% 16% 8%
Capital structure and liquidity ratios
Debt / asset ratio (D/A) 0.03 0.02 0.02 0.03
Current Ratio 1.20 2.55 2.55 2.45
Quick ratio 1.04 2.12 2.30 1.93
Turnover ratios
Asset turnover 0.18 0.31 0.29 0.31
Fixed asset turnover 0.20 0.36 0.34 0.36
Equity turnover 0.76 1.06 0.93 0.98
Profitability ratios
EBITDA margin 16% 26% 27% 20%
Operating profit margin 5% 19% 18% 8%
Net profit margin 6% 19% 16% 7%
Other ratios
Dividends to the State 0.00 814.36 715.39 382.67
Dividends paid / net profit 0.00 0.50 0.57 0.68
2020-06 2021-06 2022-06 2023-06
Capital return ratios
Return on assets (ROA) 8% 3% 3% 0%
Return on equity (ROE) 30% 10% 11% 0%
Return on capital employed (ROCE) 23% 13% 9% 3%
Capital structure and liquidity ratios
Debt / asset ratio (D/A) 0.01 0.03 0.03 0.08
Current Ratio 5.77 2.38 3.08 1.08
Quick ratio 4.94 2.16 2.58 0.76
Turnover ratios
Asset turnover 0.20 0.12 0.15 0.13
Fixed asset turnover 0.23 0.14 0.17 0.14
Equity turnover 0.66 0.40 0.46 0.41
Profitability ratios
EBITDA margin 41% 45% 33% 25%
Operating profit margin 36% 34% 22% 10%
Net profit margin 36% 35% 21% 9%
Other ratios
Dividends to the State
Dividends paid / net profit

Expectations of the state

About the company

  • Official nameUAB „Toksika“
  • Legal formPrivate limited liability company (UAB)
  • Company code244670310
  • SectorOther
  • Line of businessToxic waste management
  • Institution representing the StateMinistry of the Economy and Innovation
  • Share belonging to the State94.6%
http://www.toksika.lt/
Return to the State

383 EUR thousand

ROE

6.8%

Number of employees

75

Financial data provided as at end-December 2022

KEY FINANCIAL PERFORMANCE INDICATORS FOR THE PERIOD 2022–2024

  • Average Annual EBITDA:
  • 2022–2024: ≥ 1.5 million EUR
  • Annual Equity-to-Asset Ratio:
  • 2022–2024: range 0.3–0.45 times

TARGETED SPECIALIZED INDICATORS FOR THE PERIOD 2024–2026

  • Annual Sales Revenue, million EUR:
  • 2024: ≥ 8.07
  • 2025: ≥ 9.15
  • Labor Productivity (value added per employee per hour), in euros:
  • 2024: ≥ 33.6
  • 2025: ≥ 35.4
  • Annual Processed (including outsourced) Performers Volume, in tons:
  • 2024: ≥ 20,882
  • 2025: ≥ 20,740
  • Ratio of Produced to Consumed Electricity Quantity, %:
  • 2024–2026: ≥ 125
  • Waste Collection, in tons:
  • 2024: ≥ 16,800
  • 2025: ≥ 18,900
  • Average Emission of Pollutants from Waste, % of the Limit:
  • 2024–2026: ≤ 60

Management

  • Arūnas DirvinskasChief Executive Officer

Information as of: 2024/03/01

Board of Directors

CHAIRMAN OF THE BOARD OF DIRECTORS

  • Normantas Marius DvareckasIndependent member; AB Vilniaus šilumos tinklai; UAB Ad ventum; VĮ Valstybinių miškų urėdija; UAB Valstybės investicijų valdymo agentūra

MEMBERS OF THE BOARD OF DIRECTORS

  • Agata ŠeporaitienėMinistry of the Economy and Innovation

Information as of: 2024/03/01