Valdymo koordinavimo centras Governance Coordination Centre

State Owned Enterprises

UAB “Valstybės investicinis kapitalas” is a specialised state investment company whose objective is to promote Lithuania’s economic growth and finance strategically important sectors of the country.

The company’s securities are listed on the NASDAQ Vilnius stock exchange. Investments have been made through the “Business Support Fund” and “EPSO-G Invest” with the aim of restoring the country’s economic potential and developing strategic security and defence projects.

Financial results

P/L Statment

2022 2023 2024 2025
Revenue 9,426 5,357
Cost of goods sold
Gross profit (loss) 0 0 9,426 5,357
Gross profit margin % % 100% 100%
Operating expenses 159 183 289 517
Operating profit (loss) -159 -183 9,137 4,841
Operating profit margin % % 97% 90%
EBITDA -251 19,804 9,137 4,840
EBITDA margin % % 97% 90%
Net profit (loss) -12,107 18,809 8,136 3,761
Net profit margin % % 86% 70%
2022-06 2023-06 2024-06 2025-06
Revenue 0 0 0 0
Cost of goods sold 0 0 0 0
Gross profit (loss) 0 0 0 0
Gross profit margin % % % %
Operating expenses 187 159 106 194
Operating profit (loss) -187 -159 -106 -194
Operating profit margin % % % %
EBITDA -187 -159 4,662 365
EBITDA margin % % % %
Net profit (loss) -16,639 9,728 4,165 -82
Net profit margin % % % %

* 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 179,992 198,442 188,280 143,170
Intangible assets
Tangible assets
Financial assets 179,922 198,410 188,275 143,155
Other non-current assets 179,992 198,442 188,280 143,170
Current assets 1,389 1,773 20,118 19,064
Inventories and prepaid expenses 4
Accounts receivable in one year
Other current assets 0 0 0
Cash and cash equivalents 1,389 1,773 20,118 19,061
Total assets 181,424 200,258 208,432 162,271
Equity 81,067 99,876 108,012 111,739
Grants and subsidies
Liabilities 100,357 100,382 100,420 50,532
Financial liabilities 100,324 100,362 100,406 50,499
Long-term liabilities 99,833 99,871 24,971 49,932
Short-term liabilities 525 512 75,450 601
Equity and liabilities 181,424 200,258 208,432 162,271
2022-06 2023-06 2024-06 2025-06
Non-current assets 150,817 190,303 203,188 180,666
Intangible assets 0 0 0 0
Tangible assets 0 0 0 0
Financial assets 150,812 190,252 203,170 162,286
Other non-current assets 5 51 19 18,380
Current assets 25,508 393 797 2,200
Inventories and prepaid expenses 0 0 0 0
Accounts receivable in one year 0 0 0 0
Other current assets 0 0 0 1,000
Cash and cash equivalents 25,508 393 797 1,200
Total assets 176,449 190,736 204,020 182,884
Equity 76,535 90,795 104,041 107,896
Grants and subsidies 0 0 0 0
Liabilities 99,915 99,941 99,979 74,988
Financial liabilities 99,896 99,861 99,902 74,951
Long-term liabilities 99,896 99,861 74,902 24,972
Short-term liabilities 19 80 25,077 50,016
Equity and liabilities 176,449 190,736 204,020 182,884

* 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) -7% 10% 4% 2%
Return on equity (ROE) -14% 21% 8% 3%
Return on capital employed (ROCE) -0% -0% 7% 3%
Capital structure and liquidity ratios
Debt / asset ratio (D/A) 0.55 0.50 0.48 0.31
Current Ratio 2.65 3.46 0.27 31.73
Quick ratio 2.65 3.46 0.27 31.73
Turnover ratios
Asset turnover 0.00 0.00 0.05 0.03
Fixed asset turnover 0.00 0.00 0.05 0.04
Equity turnover 0.00 0.00 0.09 0.05
Profitability ratios
EBITDA margin % % 97% 90%
Operating profit margin % % 97% 90%
Net profit margin % % 86% 70%
Other ratios
Dividends to the State 0.00 0.00 34.10 18.80
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) -16% 8% 7% 2%
Return on equity (ROE) -25% 17% 14% 4%
Return on capital employed (ROCE) -0% -0% -0% -0%
Capital structure and liquidity ratios
Debt / asset ratio (D/A) 0.57 0.52 0.49 0.41
Current Ratio 1,378.83 4.90 0.03 0.04
Quick ratio 1,378.83 4.90 0.03 0.04
Turnover ratios
Asset turnover 0.00 0.00 0.00 0.00
Fixed asset turnover 0.00 0.00 0.00 0.00
Equity turnover 0.00 0.00 0.00 0.00
Profitability ratios
EBITDA margin % % % %
Operating profit margin % % % %
Net profit margin % % % %
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. metinės ataskaitos

Expectations of the state

Key performance indicator
Letter of Expectations

About the company

  • Official nameUAB „Valstybės investicinis kapitalas“
  • Legal formPrivate limited liability company (UAB)
  • Company code305611945
  • SectorOther
  • Line of businessBusiness support fund administration
  • Institution representing the StateMinistry of Finance
  • Share belonging to the State100%
  • Contacts https://www.vika.lt/
Return to the State

19 EUR thousand

ROE

2.0%

Number of employees

6

Financial data provided as at end-December 2024

Management

  • Vaidas DaktariūnasChief Executive officer

Term of office expires: 2030/01/27

The information is relevant

Board of Directors

CHAIRMAN OF THE BOARD OF DIRECTORS

  • Jolanta Diaukštienė Independent member

MEMBERS OF THE BOARD OF DIRECTORS

  • Mindaugas KekysIndependent member
  • Edmundas KiškisMinistry of Finance

Term of office expires: 2028/11/26

The information is relevant

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